Curaleaf Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,114	923.92	929.78	1,347	1,275	946.26
Revenue Growth (YoY)	3.63%	-0.63%	-30.95%	5.58%	34.79%	92.23%
Cost of Revenue	565.57	464.18	483.27	732.18	649	495.41
Gross Profit	548.58	459.74	446.51	614.45	626.42	450.85
Selling, General & Admin	412.73	338.19	309.55	434.78	447.9	337.14
Depreciation & Amortization Expenses	121.26	103.02	119.72	136.78	113.53	67.36
Total Operating Expenses	533.98	441.2	429.27	571.57	561.43	404.5
Operating Income	14.6	18.54	17.24	42.88	64.99	46.34
Interest Income	0.62	0.48	0.54	0.02	0.14	0.5
Interest Expense	-88.11	-73.46	-70.11	-100.38	-88.84	-62.12
Other Non-Operating Income (Expense)	-6.19	-2.55	-26.66	-67.08	-82.62	-11.53
Total Non-Operating Income (Expense)	-90.95	-75.53	-96.23	-167.44	-171.32	-73.15
Pretax Income	-76.35	-56.98	-78.99	-124.55	-106.33	-26.81
Provision for Income Taxes	-123.92	-90.12	-68.46	-114.59	-178.82	-120.61
Net Income	-69.68	-168.35	-150.11	-281.2	-370.1	-162.94
Minority Interest in Earnings	1.4	2.13	-4.59	-9.14	-6.83	-6.88
Earnings From Discontinued Operations	-16.35	-19.12	-7.25	-51.38	-111.62	-
Net Income to Common	-69.68	-168.35	-150.11	-281.2	-370.1	-162.94
Shares Outstanding (Basic)	767	762	741	724	711	699
Shares Outstanding (Diluted)	771	787	749	724	711	699
Shares Change (YoY)	3.56%	5.07%	3.50%	1.82%	1.77%	25.41%
EPS (Basic)	-0.13	-0.35	-0.32	-0.39	-0.52	-0.23
EPS (Diluted)	-0.13	-0.35	-0.32	-0.39	-0.52	-0.23
Shares Outstanding	781.47	772.48	750.06	733.73	717.49	708.34
Free Cash Flow	54.11	74.27	71.19	9.82	-88.24	-182.16
Free Cash Flow Growth	-27.14%	4.33%	625.28%	-	-	-
Free Cash Flow Per Share	0.07	0.09	0.09	0.01	-0.12	-0.26
Gross Margin	49.24%	49.76%	48.02%	45.63%	49.11%	47.65%
Operating Margin	1.31%	2.01%	1.85%	3.18%	5.10%	4.90%
Profit Margin	-6.10%	-17.99%	-16.64%	-21.56%	-29.55%	-17.95%
FCF Margin	4.86%	8.04%	7.66%	0.73%	-6.92%	-19.25%
EBITDA	210.23	215.15	248.7	238.76	220.97	141.72
EBITDA Margin	18.87%	23.29%	26.75%	17.73%	17.32%	14.98%
EBIT	14.6	18.54	17.24	42.88	64.99	46.34
EBIT Margin	1.31%	2.01%	1.85%	3.18%	5.10%	4.90%
Effective Tax Rate	162.30%	158.14%	86.67%	92.00%	168.17%	449.92%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.