Trulieve Cannabis Corp.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

TRLV$11.01-4.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	December 31,
	2025	2024
ASSETS
Current Assets:
Cash and cash equivalents	$255,535	$238,803
Short-term investments	—	60,393
Restricted cash	—	907
Accounts receivable, net	10,497	8,288
Inventories	242,298	231,371
Income tax receivable	8,458	10,009
Prepaid expenses	18,325	22,959
Other current assets	25,498	26,209
Notes receivable - current portion, net	1,245	4,750
Assets associated with discontinued operations	859	868
Total current assets	562,715	604,557
Property and equipment, net	670,441	716,051
Right of use assets - operating, net	108,294	119,549
Right of use assets - finance, net	60,000	64,379
Intangible assets, net	798,365	859,483
Goodwill	483,905	483,905
Notes receivable, net	450	528
Other assets	10,021	19,837
Long-term assets associated with discontinued operations	1,907	1,980
TOTAL ASSETS	$2,696,098	$2,870,269
LIABILITIES
Current Liabilities:
Accounts payable and accrued liabilities	$82,658	$94,036
Deferred revenue	9,593	8,028
Notes payable - current portion	4,077	3,407
Operating lease liabilities - current portion	13,029	12,131
Finance lease liabilities - current portion	10,703	9,535
Construction finance liabilities - current portion	2,429	1,919
Contingencies	780	6,307
Liabilities associated with discontinued operations	3,676	3,129
Total current liabilities	126,945	138,492
Long-Term Liabilities:
Private placement notes, net	136,741	364,836
Notes payable, net	90,839	111,945
Operating lease liabilities	107,884	117,485
Finance lease liabilities	64,140	67,679
Construction finance liabilities	133,781	135,521
Deferred tax liabilities	177,993	196,545
Uncertain tax position liabilities	668,375	445,221
Other long-term liabilities	11,449	4,954
Long-term liabilities associated with discontinued operations	34,942	38,560
TOTAL LIABILITIES	$1,553,089	$1,621,238
Commitments and contingencies (see Note 20)
EQUITY
Common stock, no par value; unlimited shares authorized. 192,307,145 and 191,005,940 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	$—	$—
Additional paid-in-capital	2,073,358	2,057,032
Accumulated deficit	(912,125)	(795,744)
Non-controlling interest	(18,224)	(12,257)
TOTAL EQUITY	1,143,009	1,249,031
TOTAL LIABILITIES AND EQUITY	$2,696,098	$2,870,269

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.