Curaleaf Holdings 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	923.92	929.78	1,347	1,275	946.26
Revenue Growth (YoY)	-0.63%	-30.95%	5.58%	34.79%	92.23%
Cost of Revenue	464.18	483.27	732.18	649	495.41
Gross Profit	459.74	446.51	614.45	626.42	450.85
Selling, General & Admin	338.19	309.55	434.78	447.9	337.14
Depreciation & Amortization Expenses	103.02	119.72	136.78	113.53	67.36
Total Operating Expenses	441.2	429.27	571.57	561.43	404.5
Operating Income	18.54	17.24	42.88	64.99	46.34
Interest Income	0.48	0.54	0.02	0.14	0.5
Interest Expense	-73.46	-70.11	-100.38	-88.84	-62.12
Other Non-Operating Income (Expense)	-2.55	-26.66	-67.08	-82.62	-11.53
Total Non-Operating Income (Expense)	-75.53	-96.23	-167.44	-171.32	-73.15
Pretax Income	-56.98	-78.99	-124.55	-106.33	-26.81
Provision for Income Taxes	-90.12	-68.46	-114.59	-178.82	-120.61
Net Income	-168.35	-150.11	-281.2	-370.1	-162.94
Minority Interest in Earnings	2.13	-4.59	-9.14	-6.83	-6.88
Earnings From Discontinued Operations	-19.12	-7.25	-51.38	-111.62	-
Net Income to Common	-168.35	-150.11	-281.2	-370.1	-162.94
Shares Outstanding (Basic)	762	741	724	711	699
Shares Outstanding (Diluted)	787	749	724	711	699
Shares Change (YoY)	5.07%	3.50%	1.82%	1.77%	25.41%
EPS (Basic)	-0.35	-0.32	-0.39	-0.52	-0.23
EPS (Diluted)	-0.35	-0.32	-0.39	-0.52	-0.23
Shares Outstanding	772.47	750.06	733.73	717.49	708.34
Free Cash Flow	74.27	71.19	9.82	-88.24	-182.16
Free Cash Flow Growth	4.33%	625.28%	-	-	-
Free Cash Flow Per Share	0.09	0.09	0.01	-0.12	-0.26
Gross Margin	49.76%	48.02%	45.63%	49.11%	47.65%
Operating Margin	2.01%	1.85%	3.18%	5.10%	4.90%
Profit Margin	-17.99%	-16.64%	-21.56%	-29.55%	-17.95%
FCF Margin	8.04%	7.66%	0.73%	-6.92%	-19.25%
EBITDA	215.15	248.7	238.76	220.97	141.72
EBITDA Margin	23.29%	26.75%	17.73%	17.32%	14.98%
EBIT	18.54	17.24	42.88	64.99	46.34
EBIT Margin	2.01%	1.85%	3.18%	5.10%	4.90%
Effective Tax Rate	158.14%	86.67%	92.00%	168.17%	449.92%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.