Earnings ·
Reports Q3 revenue of $324.4M and GAAP net loss of $4.8M
GTBIFGreen Thumb Industries Inc.
Green Thumb Industries reported third-quarter 2026 results with revenue of $324.4 million, an 11.3% increase year-over-year, driven by retail sales in Minnesota following the launch of adult-use markets and continued growth in Florida, New Jersey, New York, Ohio, and Virginia. The company posted a GAAP net loss of $4.8 million, or $0.02 per share, compared to a net income of $23.3 million in the prior year period, primarily due to the absence of a one-time gain on intellectual property sales recorded previously. Normalized EBITDA rose 11.5% to $89.4 million with a margin of 27.6%, while cash flow from operations reached $58.3 million and cash reserves stood at $316.0 million. The company also consolidated RYTHM, Inc. into its financial statements effective October 10, 2026, following an amendment to beneficial ownership limitations on convertible notes. Green Thumb Industries is a leading national cannabis consumer packaged goods company and retailer headquartered in Chicago.