Green Thumb Industries Reports Third Quarter 2026 Results
Green Thumb reported Q3 2026 revenue of $324.4 million, up 11.3% year-over-year, driven by Minnesota adult-use sales and growth in Florida, New Jersey, New York, Ohio and Virginia. The company swung to a GAAP net loss of $4.8 million (-$0.02 per share) versus $23.3 million net income a year ago, with prior-year results boosted by a gain on the IP sale to RYTHM; normalized EBITDA rose to $89.4 million at a 27.6% margin despite $15.8 million of RYTHM licensing fees. Comparable retail sales returned to growth (+3.0%) for the first time since Q3 2024, and the company added six RISE Dispensaries during the quarter plus three more since, reaching 27 Florida locations.
Key figures
- Revenue
- 324400000
- Revenue Yoy
- 11.3%
- Cash
- 316000000
- Ebitda
- 59300000
- Total debt
- 277300000
- Senior debt
- 177000000
- Gross margin
- 45.2%
- Gross profit
- 146800000
- Buyback extension
- $50 million through September 22, 2027
- Normalized ebitda
- 89400000
- Comparable sales growth
- 3.0%
- Normalized ebitda margin
- 27.6%
AI analysis
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