Green Thumb Industries Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,175	1,137	1,055	1,017	893.56
Revenue Growth (YoY)	3.36%	7.83%	3.65%	13.86%	60.55%
Cost of Revenue	600.4	536.03	528.06	513.41	401.63
Gross Profit	574.89	601.11	526.5	503.96	491.93
Selling, General & Admin	437.19	376.23	336.4	292.98	272.34
Operating Expenses	437.19	376.23	336.4	292.98	272.34
Operating Income	137.7	224.88	190.1	210.99	219.59
Interest Expense	-20.02	-24.27	-19.07	-21.2	-21.98
Interest & Investment Income	11.38	9.07	6.7	4.07	1.43
Earnings From Equity Investments	-	-8.69	-1.17	-4.26	1.8
Other Non Operating Income (Expenses)	134.3	2.79	1.54	21.07	13.57
EBT Excluding Unusual Items	263.36	203.78	178.1	210.67	214.41
Impairment of Goodwill	-	-	-	-57.37	-
Gain (Loss) on Sale of Investments	-	-3.19	-17.87	-12.32	5.96
Asset Writedown	-	-0.45	-5.47	-32.55	-4.74
Other Unusual Items	-	-	1.28	-	-10.65
Pretax Income	263.36	200.14	156.05	108.43	204.98
Income Tax Expense	147.3	126.29	118.63	94.78	124.61
Earnings From Continuing Operations	116.05	73.85	37.42	13.66	80.36
Minority Interest in Earnings	-1.9	-0.77	-1.15	-1.68	-4.93
Net Income	114.15	73.08	36.27	11.98	75.44
Net Income to Common	114.15	73.08	36.27	11.98	75.44
Net Income Growth	56.19%	101.51%	202.78%	-84.12%	403.14%
Shares Outstanding (Basic)	234	237	238	237	223
Shares Outstanding (Diluted)	237	242	240	238	227
Shares Change (YoY)	-2.09%	0.88%	0.73%	4.99%	6.69%
EPS (Basic)	0.49	0.31	0.15	0.05	0.34
EPS (Diluted)	0.48	0.30	0.15	0.05	0.33
EPS Growth	60.00%	100.00%	200.00%	-84.85%	371.43%
Free Cash Flow	213.86	115	4.93	-20.94	-55.8
Free Cash Flow Per Share	0.90	0.47	0.02	-0.09	-0.25
Gross Margin	48.91%	52.86%	49.93%	49.54%	55.05%
Operating Margin	11.72%	19.78%	18.03%	20.74%	24.57%
Profit Margin	9.71%	6.43%	3.44%	1.18%	8.44%
Free Cash Flow Margin	18.20%	10.11%	0.47%	-2.06%	-6.25%
EBITDA	283.15	338.09	290.89	307.65	288.04
EBITDA Margin	24.09%	29.73%	27.58%	30.24%	32.24%
D&A For EBITDA	145.45	113.21	100.79	96.66	68.46
EBIT	137.7	224.88	190.1	210.99	219.59
EBIT Margin	11.72%	19.78%	18.03%	20.74%	24.57%
Effective Tax Rate	55.93%	63.10%	76.02%	87.41%	60.79%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.