PLNHF · Planet 13 Holdings 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 | $21.09M | - | $23.27M | $26.85M | $28.03M | - | $32.16M | $31.09M | $22.88M | - |
| Cost of Revenue | $11.68M | - | $18.31M | $15.20M | $16.02M | - | $15.46M | $15.25M | $12.39M | - |
| Gross Profit | $9.41M | - | $4.96M | $11.66M | $12.01M | - | $16.70M | $15.84M | $10.48M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $11.21M | - | $11.99M | $13.64M | $14.02M | - | $14.77M | $12.28M | $10.02M | - |
| Total Operating Expenses | $15.09M | - | $46.20M | $18.48M | $18.62M | - | $20.02M | $19.38M | $14.15M | - |
| D&A | $2.22M | - | - | - | $3.08M | - | - | - | $3.02M | - |
| Operating Income | ($3.91M) | - | ($43.14M) | ($6.88M) | ($1.81M) | - | ($2.92M) | ($4.02M) | ($3.53M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $4.18M | - | $818.1K | $6.42M | $233.9K | - | $4.49M | $4.05M | $2.34M | - |
| Net Income | ($8.10M) | - | ($43.96M) | ($13.30M) | ($2.05M) | - | ($7.41M) | ($8.07M) | ($5.87M) | - |
| EPS - Basic | ($0.02) | - | ($0.14) | ($0.04) | ($0.01) | - | ($0.02) | ($0.03) | ($0.03) | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
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 | $6.01M | $5.33M | $17.18M | $15.85M | $15.56M | $23.38M | $27.41M | $26.67M | $20.77M | $11.83M |
| Accounts Receivable | $712.8K | $1.01M | $1.72M | $1.60M | $1.63M | $1.47M | $1.29M | $1.08M | $1.04M | $1.20M |
| Inventory | $17.19M | $18.14M | $20.06M | $24.53M | $24.20M | $22.82M | $22.80M | $20.80M | $17.00M | $15.76M |
| Accounts Payable | $6.69M | $7.21M | $6.40M | $6.96M | $5.94M | $7.42M | $4.40M | $2.44M | $1.95M | $2.85M |
| Current Assets | $37.83M | $41.13M | $45.06M | $49.77M | $51.73M | $54.30M | $58.18M | $54.67M | $52.75M | $47.31M |
| Total Assets | $146.91M | $152.28M | $158.50M | $200.98M | $203.79M | $206.73M | $242.96M | $242.43M | $157.39M | $151.75M |
| Current Liabilities | $21.32M | $23.14M | $26.50M | $27.53M | $25.27M | $25.35M | $42.62M | $34.75M | $16.30M | $15.29M |
| Long-term Debt | $1.25M | $1.23M | $1.22M | $1.20M | $1.18M | $9.86M | - | - | - | $884.0K |
| Total Liabilities | $103.19M | $101.15M | $103.91M | $103.05M | $93.06M | $94.02M | $92.28M | $84.37M | $45.65M | $44.11M |
| Stockholders' Equity | $43.73M | $51.13M | $54.58M | $97.92M | $110.73M | $112.71M | $150.67M | $158.06M | $111.74M | $107.64M |
| Retained Earnings | ($328.13M) | ($320.03M) | ($315.41M) | ($271.46M) | ($258.15M) | ($256.11M) | ($229.67M) | ($222.26M) | ($214.18M) | ($208.31M) |
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 | ($172.8K) | - | - | - | ($5.19M) | - | - | - | ($1.43M) | - |
| Investing Cash Flow | $854.8K | - | - | - | ($2.69M) | - | - | - | ($2.94M) | - |
| Financing Cash Flow | $0 | - | - | - | $52.4K | - | - | - | $9.91M | - |
| CapEx | $665.2K | - | - | - | $2.69M | - | - | - | $2.95M | - |
| Free Cash Flow | ($838.0K) | - | - | - | ($7.88M) | - | - | - | ($4.38M) | - |
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 | 44.6% | - | 21.3% | 43.4% | 42.8% | - | 51.9% | 50.9% | 45.8% | - |
| Operating margin | -18.5% | - | -185.4% | -25.6% | -6.5% | - | -9.1% | -12.9% | -15.4% | - |
| EBITDA margin | -8.0% | - | - | - | 4.5% | - | - | - | -2.2% | - |
| Net margin | -38.4% | - | -188.9% | -49.5% | -7.3% | - | -23.0% | -26.0% | -25.7% | - |
| Free cash flow margin | -4.0% | - | - | - | -28.1% | - | - | - | -19.1% | - |
| FCF / Net income | 0.10 | - | - | - | 3.85 | - | - | - | 0.75 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 53.1% | - | 51.5% | 50.8% | 50.0% | - | 45.9% | 39.5% | 43.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.5% | - | -27.7% | -6.6% | -1.0% | - | -3.1% | -3.3% | -3.7% | - |
| Return on equity | -18.5% | - | -80.5% | -13.6% | -1.8% | - | -4.9% | -5.1% | -5.3% | - |
| Return on invested capital | -6.9% | - | -61.1% | -5.5% | -1.3% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.77 | 1.78 | 1.70 | 1.81 | 2.05 | 2.14 | 1.37 | 1.57 | 3.24 | 3.09 |
| Quick ratio | 0.97 | 0.99 | 0.94 | 0.92 | 1.09 | 1.24 | 0.83 | 0.97 | 2.19 | 2.06 |
| Cash ratio | 0.28 | 0.23 | 0.65 | 0.58 | 0.62 | 0.92 | 0.64 | 0.77 | 1.27 | 0.77 |
| Leverage | ||||||||||
| Debt / Equity | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.09 | - | - | - | 0.01 |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | - | - | - | 0.01 |
| Debt / EBITDA | - | - | - | - | 0.93 | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.36 | 2.98 | 2.90 | 2.05 | 1.84 | 1.83 | 1.61 | 1.53 | 1.41 | 1.41 |
| Liabilities / Assets | 0.70 | 0.66 | 0.66 | 0.51 | 0.46 | 0.45 | 0.38 | 0.35 | 0.29 | 0.29 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.15 | 0.13 | 0.14 | - | 0.13 | 0.13 | 0.15 | - |
| Inventory turnover | 0.68 | - | 0.91 | 0.62 | 0.66 | - | 0.68 | 0.73 | 0.73 | - |
| Days sales outstanding | 12d | - | 27d | 22d | 21d | - | 15d | 13d | 17d | - |
| Days inventory outstanding | 537d | - | 400d | 589d | 551d | - | 538d | 498d | 501d | - |
| Days payable outstanding | 209d | - | 128d | 167d | 135d | - | 104d | 58d | 58d | - |
| Cash conversion cycle | 340d | - | 299d | 444d | 437d | - | 449d | 452d | 460d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -24.8% | - | -27.6% | -13.6% | 22.5% | - | 29.7% | 20.3% | -8.2% | - |
| Revenue CAGR (3y) | -5.4% | - | -3.2% | -6.5% | 5.6% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -21.6% | - | -70.3% | -26.4% | 14.5% | - | 50.8% | 33.3% | -3.7% | - |
| Operating income growth (YoY) | -115.7% | - | -1377.1% | -71.0% | 48.6% | - | 93.3% | -170.6% | - | - |
| Net income growth (YoY) | -295.5% | - | -493.1% | -64.8% | 65.1% | - | 83.9% | -295.8% | 6.8% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 89.4% | - | - | - | -80.0% | - | - | - | 50.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -60.5% | -54.6% | -63.8% | -38.0% | -0.9% | 4.7% | 10.1% | -9.0% | -40.0% | -43.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$103.38M totalRetail$92.96M · 89.9%
Wholesale$10.42M · 10.1%
Peer comparison
Same SIC group: Agricultural Production-Crops
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| FDP | $4.32B | 2.1% | 4.5% |
| CTVA | $17.40B | 6.3% | 4.5% |
| VRNO | $821.50M | -31.4% | -36.6% |
| CBSTF | - | - | - |
| GTII/GTBIF | $1.18B | 9.7% | 6.0% |
Comparing Planet 13 Holdings Inc. against the 5 most active filers in the same SIC group.