GTII/GTBIF · Green Thumb Industries Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $300.19M | - | $291.37M | $293.26M | $279.54M | - | $286.87M | $280.15M | $275.81M | - |
| Cost of Revenue | $156.54M | - | $147.34M | $147.00M | $136.26M | - | $139.27M | $129.63M | $130.88M | - |
| Gross Profit | $143.65M | - | $144.03M | $146.26M | $143.28M | - | $147.59M | $150.52M | $144.93M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $102.91M | - | $107.29M | $106.82M | $100.79M | - | $104.97M | $96.50M | $74.26M | - |
| Total Operating Expenses | $102.91M | - | $107.29M | $106.82M | $100.79M | - | $104.97M | $96.50M | $74.26M | - |
| D&A | $32.41M | - | $17.77M | $17.23M | $29.41M | - | $15.92M | $15.41M | $27.77M | - |
| Operating Income | $40.73M | - | $36.74M | $39.43M | $42.48M | - | $42.62M | $54.02M | $70.67M | - |
| Interest Expense | $5.17M | - | $5.23M | $5.05M | $7.51M | - | $4.64M | $5.98M | $7.51M | - |
| Income Tax | $48.09M | - | $49.12M | $21.58M | $31.32M | - | $30.92M | $31.90M | $32.15M | - |
| Net Income | $15.40M | - | $23.29M | ($645.0K) | $8.31M | - | $8.62M | $20.71M | $31.08M | - |
| EPS - Basic | $0.07 | - | $0.10 | ($0.01) | $0.04 | - | $0.04 | $0.09 | $0.13 | - |
| EPS - Diluted | $0.07 | - | $0.10 | ($0.01) | $0.04 | - | $0.04 | $0.09 | $0.13 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $210.58M | $274.30M | $173.64M | $176.92M | $210.58M | $171.69M | $173.64M | $196.14M | $223.94M | $161.63M |
| Accounts Receivable | $51.90M | $51.27M | $51.39M | $46.45M | $47.46M | $52.83M | $48.96M | $49.34M | $52.18M | $42.98M |
| Inventory | $170.03M | $158.29M | $156.53M | $151.74M | $155.34M | $147.16M | $138.28M | $130.53M | $119.29M | $112.97M |
| Accounts Payable | $20.08M | $24.57M | $24.54M | $22.41M | $19.31M | $24.77M | $19.85M | $29.43M | $27.84M | $24.50M |
| Current Assets | $673.85M | $577.17M | $477.46M | $405.44M | $444.90M | $403.90M | $391.87M | $403.80M | $419.69M | $342.76M |
| Total Assets | $2.83B | $2.79B | $2.64B | $2.55B | $2.57B | $2.54B | $2.51B | $2.54B | $2.55B | $2.49B |
| Current Liabilities | $194.16M | $177.31M | $241.55M | $179.33M | $187.12M | $164.97M | $160.67M | $370.58M | $175.05M | $126.05M |
| Long-term Debt | - | $247.29M | - | - | - | $257.99M | - | - | - | - |
| Total Liabilities | $934.56M | $879.41M | $804.27M | $748.82M | $762.74M | $747.93M | $740.15M | $786.60M | $807.69M | $786.80M |
| Stockholders' Equity | $1.89B | $1.91B | $1.83B | $1.79B | $1.81B | $1.79B | $1.77B | $1.75B | $1.75B | $1.70B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $75.80M | - | - | - | $74.22M | - | - | - | $84.02M | - |
| Investing Cash Flow | ($20.57M) | - | - | - | ($30.57M) | - | - | - | ($10.27M) | - |
| Financing Cash Flow | $5.71M | - | - | - | ($4.76M) | - | - | - | ($11.45M) | - |
| CapEx | $18.86M | - | - | - | $29.84M | $654.0K | - | - | $14.71M | - |
| Free Cash Flow | $56.94M | - | - | - | $44.38M | - | - | - | $69.31M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 47.9% | - | 49.4% | 49.9% | 51.3% | - | 51.4% | 53.7% | 52.5% | - |
| Operating margin | 13.6% | - | 12.6% | 13.4% | 15.2% | - | 14.9% | 19.3% | 25.6% | - |
| EBITDA margin | 24.4% | - | 18.7% | 19.3% | 25.7% | - | 20.4% | 24.8% | 35.7% | - |
| Net margin | 5.1% | - | 8.0% | -0.2% | 3.0% | - | 3.0% | 7.4% | 11.3% | - |
| Free cash flow margin | 19.0% | - | - | - | 15.9% | - | - | - | 25.1% | - |
| FCF / Net income | 3.70 | - | - | - | 5.34 | - | - | - | 2.23 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 34.3% | - | 36.8% | 36.4% | 36.1% | - | 36.6% | 34.4% | 26.9% | - |
| Effective tax rate | 75.7% | - | 67.8% | 103.1% | 79.0% | - | 78.2% | 60.6% | 50.8% | - |
| Return on assets | 0.5% | - | 0.9% | -0.0% | 0.3% | - | 0.3% | 0.8% | 1.2% | - |
| Return on equity | 0.8% | - | 1.3% | -0.0% | 0.5% | - | 0.5% | 1.2% | 1.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.47 | 3.26 | 1.98 | 2.26 | 2.38 | 2.45 | 2.44 | 1.09 | 2.40 | 2.72 |
| Quick ratio | 2.59 | 2.36 | 1.33 | 1.41 | 1.55 | 1.56 | 1.58 | 0.74 | 1.72 | 1.82 |
| Cash ratio | 1.08 | 1.55 | 0.72 | 0.99 | 1.13 | 1.04 | 1.08 | 0.53 | 1.28 | 1.28 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.13 | - | - | - | 0.14 | - | - | - | - |
| Debt / Assets | - | 0.09 | - | - | - | 0.10 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 7.9x | - | 7.0x | 7.8x | 5.7x | - | 9.2x | 9.0x | 9.4x | - |
| Equity multiplier | 1.50 | 1.46 | 1.44 | 1.42 | 1.42 | 1.42 | 1.42 | 1.45 | 1.46 | 1.46 |
| Liabilities / Assets | 0.33 | 0.32 | 0.30 | 0.29 | 0.30 | 0.29 | 0.29 | 0.31 | 0.32 | 0.32 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.11 | 0.12 | 0.11 | - | 0.11 | 0.11 | 0.11 | - |
| Inventory turnover | 0.92 | - | 0.94 | 0.97 | 0.88 | - | 1.01 | 0.99 | 1.10 | - |
| Days sales outstanding | 63d | - | 64d | 58d | 62d | - | 62d | 64d | 69d | - |
| Days inventory outstanding | 396d | - | 388d | 377d | 416d | - | 362d | 368d | 333d | - |
| Days payable outstanding | 47d | - | 61d | 56d | 52d | - | 52d | 83d | 78d | - |
| Cash conversion cycle | 413d | - | 391d | 379d | 426d | - | 373d | 349d | 324d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.4% | - | 1.6% | 4.7% | 1.4% | - | 4.2% | 11.0% | 11.0% | - |
| Revenue CAGR (3y) | 6.5% | - | 3.7% | 4.9% | 4.8% | - | 7.1% | 8.1% | 12.4% | - |
| Revenue CAGR (5y) | 9.1% | - | 13.1% | 45.7% | 22.2% | - | - | - | - | - |
| Gross profit growth (YoY) | 0.3% | - | -2.4% | -2.8% | -1.1% | - | 10.3% | 20.1% | 16.2% | - |
| Operating income growth (YoY) | -4.1% | - | -13.8% | -27.0% | -39.9% | - | -13.1% | 31.6% | 59.9% | - |
| Net income growth (YoY) | 85.4% | - | 170.3% | - | -73.3% | - | -18.0% | 54.6% | 240.0% | - |
| EPS growth (YoY) | 75.0% | - | 150.0% | - | -69.2% | - | -20.0% | 80.0% | 225.0% | - |
| EPS CAGR (3y) | 20.5% | - | 35.7% | - | -30.7% | - | -20.6% | -3.5% | 37.5% | - |
| EPS CAGR (5y) | 7.0% | - | 20.1% | - | - | - | - | - | - | - |
| FCF growth (YoY) | 28.3% | - | - | - | -36.0% | - | - | - | 614.4% | - |
| FCF CAGR (5y) | 23.0% | - | - | - | 26.3% | - | - | - | - | - |
| Book value growth (YoY) | 4.8% | 6.5% | 3.0% | 2.2% | 3.4% | 5.1% | 4.0% | 2.8% | 3.9% | 2.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.18B totalRetail Segment$829.54M · 70.6%
Consumer Packaged Goods Segment$677.35M · 57.6%
Intersegment Eliminations And Corporate($331.59M) · -28.2%
Peer comparison
Same SIC group: Agricultural Production-Crops
Comparing Green Thumb Industries Inc. against the 5 most active filers in the same SIC group.