Trulieve Cannabis Corp.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
TRLV$11.09+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in thousands, except for share and per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $230,215 | $288,187 | $787,921 | $888,033 |
| Cost of goods sold | 82,195 | 118,330 | 307,531 | 352,031 |
| Gross profit | 148,020 | 169,857 | 480,390 | 536,002 |
| Expenses: | ||||
| Selling, general, and administrative | 87,845 | 99,019 | 294,507 | 318,907 |
| Depreciation and amortization | 17,707 | 29,456 | 73,173 | 88,211 |
| (Gain) loss on disposal or impairment of assets | (19) | (856) | 1,688 | 686 |
| Loss on Deconsolidation Transaction | — | — | 403,333 | — |
| Total expenses | 105,533 | 127,619 | 772,701 | 407,804 |
| Income (loss) from operations | 42,487 | 42,238 | (292,311) | 128,198 |
| Other income (expense): | ||||
| Interest expense, net | (11,975) | (16,086) | (38,056) | (48,774) |
| Interest income | 2,810 | 4,394 | 8,556 | 11,100 |
| Equity in net loss of Harvest | (6,432) | — | (9,721) | — |
| Other income (expense), net | 135 | (1,245) | 381 | (1,992) |
| Total other expense, net | (15,462) | (12,937) | (38,840) | (39,666) |
| Income (loss) before provision for income taxes | 27,025 | 29,301 | (331,151) | 88,532 |
| Provision for income taxes | 26,251 | 53,036 | 70,077 | 160,220 |
| Net income (loss) from continuing operations | 774 | (23,735) | (401,228) | (71,688) |
| Net loss from discontinued operations, net of tax benefit (provision) of $0, $0, $597, and $(441), respectively, attributable to common shareholders | — | (5,049) | (1,777) | (6,966) |
| Net income (loss) | 774 | (28,784) | (403,005) | (78,654) |
| Less: net loss attributable to non-controlling interest from continuing operations | (95) | (1,949) | (305) | (5,169) |
| Net income (loss) attributable to common shareholders | $869 | $(26,835) | $(402,700) | $(73,485) |
| Earnings Per Share | ||||
| Net income (loss) per share - Continuing operations: | ||||
| Basic | $0.00 | $(0.11) | $(2.08) | $(0.35) |
| Diluted | $0.00 | $(0.11) | $(2.08) | $(0.35) |
| Net loss per share - Discontinued operations: | ||||
| Basic and diluted | $— | $(0.03) | $(0.01) | $(0.04) |
| Net income (loss) per share attributable to common shareholders: | ||||
| Basic | $0.00 | $(0.14) | $(2.09) | $(0.39) |
| Diluted | $0.00 | $(0.14) | $(2.09) | $(0.39) |
| Weighted average number of common shares used in computing net income (loss) per share: | ||||
| Basic | 192,937,617 | 191,278,321 | 192,733,447 | 191,202,586 |
| Diluted | 200,612,515 | 191,278,321 | 192,733,447 | 191,202,586 |
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