Curaleaf Holdings (CURLF) Operating Expenses (2019 - 2026)
Curaleaf Holdings' Operating Expenses was $165.69 million in Q2 2026, up 12.8% from $146.84 million a year earlier and up 5.8% from the prior quarter.
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Analysis
Curaleaf Holdings (CURLF) Operating Expenses (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Curaleaf Holdings' Operating Expenses was $631.19 million through Jun 30, 2026, up 3.3% year-over-year; for FY2025, it was $605.57 million, down 1.7% from FY2024.
- Operating Expenses shows a five-year compound annual growth rate of 13.7% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $616.03 million in FY2024 (+7.8%), $571.57 million in FY2023 (+271.9%), $153.7 million in FY2022 (-69.9%) and $511.26 million in FY2021 (+60.7%).
- The Q2 2026 figure marks the highest quarterly Operating Expenses since Q4 2024.
- Compared with a year earlier, Operating Expenses was higher in five of the last eight quarters, with growth averaging 4.9%.
- The best year-over-year quarter for Operating Expenses over five years was Q3 2021 (growth of 41.2%); the worst was Q4 2025 (a decline of 8.0%).
- Per Business Quant data, CURLF's Operating Expenses in the three quarters before Q2 2026 was $156.54 million (Q1 2026), $153.25 million (Q4 2025) and $155.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 76.99 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 96.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 165.69 Mn |
| Mar 31, 2026 | 156.54 Mn |
| Dec 31, 2025 | 153.25 Mn |
| Sep 30, 2025 | 155.71 Mn |
| Jun 30, 2025 | 146.84 Mn |
| Mar 31, 2025 | 146.20 Mn |
| Dec 31, 2024 | 166.64 Mn |
| Sep 30, 2024 | 151.29 Mn |
| Jun 30, 2024 | 152.92 Mn |
| Mar 31, 2024 | 148.20 Mn |
| Dec 31, 2023 | 142.23 Mn |
| Sep 30, 2023 | 134.84 Mn |
| Jun 30, 2023 | 152.04 Mn |
| Mar 31, 2023 | 142.46 Mn |
| Dec 30, 2022 | 153.70 Mn |
| Sep 30, 2022 | 135.18 Mn |
| Jun 30, 2022 | 143.90 Mn |
| Mar 31, 2022 | 134.98 Mn |
| Dec 31, 2021 | 136.24 Mn |
| Sep 30, 2021 | 140.35 Mn |
API Access
Curaleaf Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CURLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CURLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CURLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();