Quarterly ResultMay 6, 2026, 04:10 PM
Green Thumb Q1 Revenue $300.2M, Net Income $15.4M; Repurchases $33.3M
AI Summary
Green Thumb Industries reported strong first-quarter 2026 financial results, with revenue increasing 7.4% to $300.2 million and GAAP net income rising to $15.4 million. The company also generated $76.0 million in cash flow from operations and repurchased $33.3 million in shares during the quarter. Subsequent to quarter-end, Green Thumb was conditionally awarded a Texas Compassionate Use Program license and submitted DEA registration applications following the federal rescheduling of medical cannabis to Schedule III.
Key Highlights
- Revenue increased 7.4% year-over-year to $300.2 million.
- GAAP net income was $15.4 million, or $0.07 per share.
- Normalized EBITDA reached $93.5 million, 31.2% of revenue.
- Generated $76.0 million in cash flow from operations.
- Repurchased 6.0 million shares for $33.3 million in Q1 2026.
- Increased syndicated credit facility by $50.0 million.
- Conditionally awarded a Texas Compassionate Use Program license.
- Submitted DEA applications after cannabis rescheduling to Schedule III.