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TRULIEVE CANNABIS CORP.

CIK: 1754195 SIC: 2833
$1.18B
Revenue
$-122.25M
Net Income
60.21%
Gross Margin
12.15%
Op. Margin
$370.86M
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 7 of 15 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
+ Total Revenue $293.15M $288.19M $302.09M $297.76M $301.14M $284.28M $303.44M
Revenue Growth % (YoY) -2.7% 1.4% -0.4% nan% nan% nan% nan%
Cost of Revenue $117.98M $118.33M $119.16M $114.54M $114.13M $111.01M $121.79M
+ Gross Profit $175.16M $169.86M $182.93M $183.22M $187.02M $173.28M $181.65M
Gross Margin % 59.8% 58.9% 60.6% 61.5% 62.1% 61.0% 59.9%
Operating Expenses $159.87M $127.62M $130.29M $149.89M $185.71M $172.66M $131.89M
Selling General & Admin $126.31M $99.02M $101.12M $118.77M $157.94M - -
+ Operating Income $15.30M $42.24M $52.63M $33.33M $1.31M $618.00K $49.75M
Operating Margin % 5.2% 14.7% 17.4% 11.2% 0.4% 0.2% 16.4%
Interest Expense $28.68M $41.59M $32.73M $9.02M $23.80M $41.61M $32.56M
Other Income/Expense $626.00K $-1.25M $-975.00K $228.00K $-2.77M $-198.00K $-1.84M
Income Before Tax $2.94M $29.30M $38.90M $20.33M $-12.90M $-12.84M $36.51M
Income Tax Expense $47.89M $53.04M $54.72M $52.46M $47.57M $47.38M $47.20M
+ Net Income $-43.59M $-28.78M $-16.11M $-33.76M $-61.56M $-61.60M $-11.98M
Net Margin % -14.9% -10.0% -5.3% -11.3% -20.4% -21.7% -3.9%
Basic EPS nan nan nan -0.16 -0.27 -0.32 -0.04
Diluted EPS nan nan nan -0.16 -0.27 -0.32 -0.04
Basic Shares Outstanding - 191.3M 191.2M 191.1M -12K 190.2M 190.3M
Diluted Shares Outstanding - 191.3M 191.2M 191.1M -12K 190.2M 190.3M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Cash & Cash Equivalents $255.53M $449.20M $392.58M $328.45M $238.80M $237.67M $355.18M
Short-term Investments - - - - $60.39M $80.18M -
Accounts Receivable $10.50M $10.49M $10.76M $10.26M $8.29M $9.03M $7.53M
Inventory $242.30M $243.29M $241.46M $239.28M $231.37M $220.92M $207.63M
Other Current Assets $25.50M $22.09M $24.55M $32.29M $26.21M $26.62M $26.75M
Total Current Assets $562.72M $756.45M $711.38M $649.38M $604.56M $603.01M $631.08M
Property Plant & Equipment $670.44M $693.98M $699.04M $710.15M $716.05M $701.61M $678.13M
Goodwill $483.90M $483.90M $483.90M $483.90M $483.90M $483.90M $483.90M
Intangible Assets $798.37M $815.31M $832.38M $848.80M $859.48M $873.32M $887.30M
Other Non-current Assets $10.02M $10.42M $10.56M $11.48M $19.84M $23.01M $15.44M
Total Assets $2.70B $2.94B $2.92B $2.89B $2.87B $2.87B $2.86B
Accounts Payable $26.78M - - - $20.23M - -
Deferred Revenue $9.59M $8.90M $8.36M $8.68M $8.03M $6.66M $4.32M
Total Current Liabilities $126.94M $124.13M $123.84M $136.67M $138.49M $136.69M $123.80M
Long-term Debt $136.74M - - - $364.84M - -
Deferred Tax Liabilities $177.99M $181.88M $186.63M $191.90M $196.54M $204.24M $211.09M
Other Non-current Liabilities $11.45M $11.77M $11.89M $5.53M $4.95M $6.51M $4.69M
Total Liabilities $1.55B $1.76B $1.71B $1.67B $1.62B $1.57B $1.49B
Common Stock - - - - - - -
Retained Earnings $-912.12M $-869.23M $-842.39M $-828.61M $-795.74M $-735.96M $-675.75M
Total Stockholders Equity $1.14B $1.19B $1.21B $1.22B $1.25B $1.30B $1.37B
Total Liabilities & Equity $2.70B $2.94B $2.92B $2.89B $2.87B $2.87B $2.86B
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Net Income $-43.59M $-28.78M $-16.11M $-33.76M $-61.56M $-61.60M $-11.98M
Depreciation & Amortization $29.42M $29.46M $29.43M $29.33M $28.64M $84.16M $28.08M
Stock-based Compensation $3.98M $16.49M $10.71M $3.94M $4.62M $15.58M $10.11M
Deferred Income Tax $-3.18M $-14.67M $-9.92M $-4.65M $-7.70M $-2.68M $3.52M
Change in Receivables $328.00K $3.40M $3.37M $2.61M $-1.45M $712.00K $-747.00K
Change in Inventory $-992.00K $11.92M $10.09M $7.91M $10.45M $8.28M $-5.01M
Operating Cash Flow $59.22M $213.60M $136.83M $50.74M $30.68M $240.81M $210.47M
Capital Expenditure $3.41M $40.78M $28.45M $16.88M $42.48M $79.04M $42.10M
Investing Cash Flow $-5.89M $19.39M $34.78M $43.41M $-23.18M $-183.43M $-51.94M
Financing Cash Flow $-255.39M $-15.11M $-10.33M $-4.50M $-6.36M $-27.08M $-10.72M
Net Change in Cash $-202.07M $217.90M $161.28M $89.65M $1.14M $30.29M $147.81M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $288.19M $284.28M $888.03M $885.35M
Cost of Revenue $118.33M $111.01M $352.03M $356.62M
Gross Profit $169.86M $173.28M $536.00M $528.73M
Operating Expenses $127.62M $172.66M $407.80M $432.26M
Selling General & Admin $99.02M $148.62M $318.91M $352.52M
Operating Income $42.24M $618.00K $128.20M $96.47M
Interest Expense $16.09M $17.46M $41.59M $41.61M
Other Income/Expense $-1.25M $-198.00K $-1.99M $-4.78M
Income Before Tax $29.30M $-12.84M $88.53M $55.62M
Income Tax Expense $53.04M $47.38M $160.22M $150.02M
Net Income $-28.78M $-61.86M $-78.65M $-99.02M
Basic Shares Outstanding $191.28M $190.19M $191.20M $190.00M
Diluted Shares Outstanding $191.28M $190.19M $191.20M $190.00M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $449.20M $238.80M
Short-term Investments - $60.39M
Accounts Receivable $10.49M $8.29M
Inventory $243.29M $231.37M
Other Current Assets $22.09M $26.21M
Total Current Assets $756.45M $604.56M
Property Plant & Equipment $693.98M $716.05M
Goodwill $483.90M $483.90M
Intangible Assets $815.31M $859.48M
Other Non-current Assets $10.42M $19.84M
Total Assets $2.94B $2.87B
Deferred Revenue $8.90M $8.03M
Total Current Liabilities $124.13M $138.49M
Deferred Tax Liabilities $181.88M $196.54M
Other Non-current Liabilities $11.77M $4.95M
Total Liabilities $1.76B $1.62B
Common Stock - -
Retained Earnings $-869.23M $-795.74M
Total Stockholders Equity $1.19B $1.25B
Total Liabilities & Equity $2.94B $2.87B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-28.78M $-61.86M $-78.65M $-99.02M
Depreciation & Amortization $29.46M $28.33M $88.21M $84.16M
Stock-based Compensation - - $16.49M $15.58M
Deferred Income Tax - - $-14.67M $-2.68M
Change in Receivables - - $3.40M $712.00K
Change in Inventory - - $11.92M $8.28M
Operating Cash Flow - - $213.60M $240.81M
Capital Expenditure - - $40.78M $79.90M
Investing Cash Flow - - $19.39M $-183.43M
Financing Cash Flow - - $-15.11M $-27.08M
Net Change in Cash - - $217.90M $30.29M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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