← Trulieve Cannabis Corp.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $252.8m | $521.5m | $938.4m | $1.2b | $1.1b | $1.2b | $1.2b | |
| Cost of goods sold | $61.0m | $135.1m | $372.3m | $557.8m | $540.6m | $470.7m | $470.0m | |
| Gross profit | $191.8m | $386.4m | $566.1m | $682.0m | $588.6m | $715.7m | $711.2m | |
| Selling, general, and administrative | — | — | — | — | $386.2m | $510.5m | $445.2m | |
| Depreciation and amortization | $5.1m | $12.6m | $48.1m | $119.4m | $109.8m | $112.8m | $117.6m | |
| Impairment and other charges, net of (recoveries) | — | — | — | — | $6.7m | ($5.3m) | $4.8m | |
| Impairment of goodwill | — | — | $0 | $0 | $307.6m | $0 | $0 | |
| Income (loss) from operations | $113.3m | $218.3m | $196.9m | $32.4m | ($221.6m) | $97.8m | $143.5m | |
| Interest income | — | — | $205k | $1.6m | $6.2m | $14.7m | $14.5m | |
| (Loss) gain on debt extinguishments, net | — | — | $0 | $0 | $5.9m | $0 | ($1.7m) | |
| Income (loss) before provision for income taxes | $103.7m | $157.4m | $163.5m | ($43.3m) | ($284.5m) | $42.7m | $91.5m | |
| Provision for income taxes | $50.6m | $94.5m | $146.1m | $161.8m | $151.4m | $197.6m | $208.1m | |
| Net loss from continuing operations | — | $63.0m | $19.4m | ($205.2m) | ($435.9m) | ($154.9m) | ($116.6m) | |
| Net loss from discontinued operations, net of tax (provision) benefit of $(209), $0, and $4,101, respectively | — | — | ($1.9m) | ($47.6m) | ($97.2m) | ($5.7m) | ($5.6m) | |
| Net loss | — | $63.0m | $17.4m | ($252.7m) | ($533.1m) | ($160.6m) | ($122.2m) | |
| Less: net loss attributable to non-controlling interest from continuing operations | $0 | $0 | ($587k) | ($6.7m) | ($5.1m) | ($5.5m) | ($5.9m) | |
| Less: net loss attributable to non-controlling interest from discontinued operations | — | — | $0 | ($2.7m) | ($1.2m) | $0 | $0 | |
| Net loss attributable to common shareholders | $53.1m | $63.0m | $18.0m | ($246.1m) | ($526.8m) | ($155.1m) | ($116.4m) | |
| Basic (in dollars per share) | $0.48 | $0.55 | $0.14 | ($1.09) | ($2.31) | ($0.82) | ($0.61) | |
| Diluted (in dollars per share) | $0.46 | $0.53 | $0.13 | ($1.09) | ($2.31) | ($0.82) | ($0.61) | |
| Interest expense, net | — | — | ($29.1m) | ($73.4m) | ($81.6m) | ($62.2m) | ($63.5m) | |
| Other (expense) income, net | $266k | $2.1m | $1.1m | $1.4m | $6.5m | ($7.6m) | ($1.4m) | |
| Total expenses | $78.6m | $168.1m | $369.2m | $649.6m | $810.2m | $618.0m | $567.7m | |
| Total other expense, net | ($9.6m) | ($60.9m) | ($33.4m) | ($75.8m) | ($62.9m) | ($55.1m) | ($52.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.