Quarterly ResultMay 6, 2026, 04:38 PM
Green Thumb Q1 Net Income +85% to $15.4M; Revenue $300.2M
AI Summary
Green Thumb Industries Inc. reported a significant increase in net income for the first quarter of 2026, rising 85.37% to $15.4 million. This growth was supported by a 7.39% increase in revenue, reaching $300.2 million. The company also saw an increase in operating cash flows and repurchased $33.3 million in Subordinate Voting Shares during the quarter.
Key Highlights
- Net income attributable to Green Thumb increased 85.37% to $15.4 million for Q1 2026.
- Revenue grew 7.39% to $300.2 million for the three months ended March 31, 2026.
- Basic net income per share rose to $0.07 in Q1 2026 from $0.04 in Q1 2025.
- Net cash flows from operating activities increased to $75.8 million in Q1 2026.
- The company repurchased $33.3 million of Subordinate Voting Shares in Q1 2026.
- The syndicated credit facility was increased to $200 million as of February 19, 2026.
- Cash and cash equivalents stood at $344.5 million as of March 31, 2026.
Price Impact
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