← Trulieve Cannabis Corp.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $146.7m | $230.6m | $212.3m | $201.4m | $238.8m | $255.5m | |
| Short-term investments | — | — | — | $0 | $60.4m | $0 | |
| Accounts receivable, net | $308k | $8.9m | $9.4m | $6.7m | $8.3m | $10.5m | |
| Inventories | $98.3m | $212.2m | $297.8m | $213.1m | $231.4m | $242.3m | |
| Income tax receivable | — | — | — | $0 | $10.0m | $8.5m | |
| Prepaid expenses | — | — | $11.0m | $17.6m | $23.0m | $18.3m | |
| Other current assets | — | — | $51.2m | $23.7m | $26.2m | $25.5m | |
| Notes receivable, net | $0 | $12.1m | $12.0m | $7.4m | $528k | $450k | |
| Total current assets | $261.5m | $524.4m | $593.0m | $477.3m | $604.6m | $562.7m | |
| Property and equipment, net | $314.0m | $779.9m | $796.9m | $676.4m | $716.1m | $670.4m | |
| Intangible assets, net | $92.6m | $1.1b | $1.0b | $917.2m | $859.5m | $798.4m | |
| Goodwill | $67.2m | $765.4m | $791.5m | $483.9m | $483.9m | $483.9m | |
| Right of use assets - operating, net | $30.1m | $126.0m | $101.4m | $95.9m | $119.5m | $108.3m | |
| Right of use assets - finance, net | $36.9m | $66.8m | $76.2m | $58.5m | $64.4m | $60.0m | |
| Other assets | $7.5m | $18.3m | $14.7m | $10.4m | $19.8m | $10.0m | |
| Restricted cash | $0 | $3.0m | $6.6m | $6.6m | $907k | $0 | |
| Notes receivable - current portion, net | $0 | $1.5m | $728k | $6.2m | $4.8m | $1.2m | |
| Assets associated with discontinued operations | — | $3.6m | $2.5m | $2.0m | $868k | $859k | |
| Long-term assets associated with discontinued operations | — | $52.2m | $690k | $2.0m | $2.0m | $1.9m | |
| Deferred revenue | $7.2m | $7.2m | $9.5m | $1.3m | $8.0m | $9.6m | |
| Notes payable - current portion | $2.0m | $10.1m | $12.5m | $3.8m | $3.4m | $4.1m | |
| Operating lease liabilities - current portion | $3.3m | $9.8m | $10.4m | $10.1m | $12.1m | $13.0m | |
| Finance lease liabilities - current portion | $3.9m | $6.2m | $8.7m | $7.6m | $9.5m | $10.7m | |
| Construction finance liabilities - current portion | $0 | $991k | $1.2m | $1.5m | $1.9m | $2.4m | |
| Contingencies | $704k | $13.0m | $34.7m | $4.4m | $6.3m | $780k | |
| Liabilities associated with discontinued operations | — | $92k | $482k | $3.0m | $3.1m | $3.7m | |
| Private placement notes, net | $117.2m | $462.9m | $541.7m | $363.2m | $364.8m | $136.7m | |
| Notes payable, net | $4.0m | $6.5m | $94.2m | $115.9m | $111.9m | $90.8m | |
| Operating lease liabilities | $28.1m | $122.1m | $102.4m | $92.2m | $117.5m | $107.9m | |
| Finance lease liabilities | $35.1m | $65.2m | $75.8m | $61.7m | $67.7m | $64.1m | |
| Construction finance liabilities | $82.0m | $175.2m | $182.4m | $136.7m | $135.5m | $133.8m | |
| Uncertain tax position liabilities | — | — | $19.5m | $180.3m | $445.2m | $668.4m | |
| Long-term liabilities associated with discontinued operations | — | $24.0m | $14.6m | $41.6m | $38.6m | $34.9m | |
| Non-controlling interest | $0 | $1.6m | ($3.5m) | ($5.9m) | ($12.3m) | ($18.2m) | |
| TOTAL EQUITY | $447.9m | $2.1b | $1.9b | $1.4b | $1.2b | $1.1b | |
| TOTAL ASSETS | $809.8m | $3.4b | $3.4b | $2.7b | $2.9b | $2.7b | |
| Accounts payable and accrued liabilities | $41.2m | $94.1m | $83.2m | $83.2m | $94.0m | $82.7m | |
| Total current liabilities | $76.1m | $168.9m | $209.7m | $114.8m | $138.5m | $126.9m | |
| Deferred tax liabilities | $15.4m | $251.3m | $224.1m | $207.0m | $196.5m | $178.0m | |
| Other long-term liabilities | $3.9m | $8.4m | $26.2m | $7.1m | $5.0m | $11.4m | |
| TOTAL LIABILITIES | $361.9m | $1.3b | $1.5b | $1.3b | $1.6b | $1.6b | |
| 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 | — | — | 0 | 0 | 0 | 0 | |
| Additional paid-in-capital | $328.2m | $2.0b | $2.0b | $2.1b | $2.1b | $2.1b | |
| Accumulated deficit | $119.7m | $137.7m | ($113.8m) | ($640.6m) | ($795.7m) | ($912.1m) | |
| TOTAL LIABILITIES AND EQUITY | $809.8m | $3.4b | $3.4b | $2.7b | $2.9b | $2.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.