Trulieve Cannabis Corp.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
TRLV$11.09+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in thousands, except for share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $288,187 | $284,284 | $888,033 | $885,345 |
| Cost of goods sold | 118,330 | 111,006 | 352,031 | 356,617 |
| Gross profit | 169,857 | 173,278 | 536,002 | 528,728 |
| Expenses: | ||||
| Selling, general, and administrative | 99,019 | 148,624 | 318,907 | 352,516 |
| Depreciation and amortization | 29,456 | 28,332 | 88,211 | 84,163 |
| Impairment and other charges, net of (recoveries) | (856) | (4,296) | 686 | (4,423) |
| Total expenses | 127,619 | 172,660 | 407,804 | 432,256 |
| Income from operations | 42,238 | 618 | 128,198 | 96,472 |
| Other income (expense): | ||||
| Interest expense, net | (16,086) | (17,459) | (48,774) | (47,577) |
| Interest income | 4,394 | 4,202 | 11,100 | 11,499 |
| Other expense, net | (1,245) | (198) | (1,992) | (4,778) |
| Total other expense, net | (12,937) | (13,455) | (39,666) | (40,856) |
| Income (loss) before provision for income taxes | 29,301 | (12,837) | 88,532 | 55,616 |
| Provision for income taxes | 53,036 | 47,383 | 160,220 | 150,018 |
| Net loss from continuing operations | (23,735) | (60,220) | (71,688) | (94,402) |
| Net loss from discontinued operations, net of tax benefit (provision) of $0, $0, $(441), and $0, respectively | (5,049) | (1,636) | (6,966) | (4,613) |
| Net loss | (28,784) | (61,856) | (78,654) | (99,015) |
| Less: net loss attributable to non-controlling interest from continuing operations | (1,949) | (1,643) | (5,169) | (3,695) |
| Net loss attributable to common shareholders | $(26,835) | $(60,213) | $(73,485) | $(95,320) |
| Earnings Per Share | ||||
| Net loss per share - Continuing operations: | ||||
| Basic and diluted | $(0.11) | $(0.32) | $(0.35) | $(0.52) |
| Net loss per share - Discontinued operations: | ||||
| Basic and diluted | $(0.03) | $(0.01) | $(0.04) | $(0.02) |
| Weighted average number of common shares used in computing net loss per share: | ||||
| Basic and diluted | 191,278,321 | 190,190,923 | 191,202,586 | 190,004,261 |
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