Green Thumb Industries (GTBIF) Cost of Revenue (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Cost of Revenue came in at $168.8 million in Q2 2026, up 14.84% on a YoY basis from $147.0 million in Q2 2025, and up 7.83% quarter-over-quarter from $156.5 million in Q1 2026.
Analysis
Green Thumb Industries (GTBIF) Cost of Revenue (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has reported Cost of Revenue for 8 consecutive years, with $168.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 14.84% year-over-year to $168.8 million; the trailing twelve-month figure through Jun 2026 stood at $642.5 million (up 14.98% YoY), and the FY2025 full-year result was $600.4 million, up 12.01% from the prior year.
- Cost of Revenue advanced to $168.8 million in Q2 2026 per GTBIF's latest filing, from $156.5 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $169.8 million in Q4 2025 and bottomed at $119.7 million in Q1 2022.
- Historically, Cost of Revenue has averaged $139.1 million across 5 years, with a median of $135.9 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue jumped 43.19% in 2022, then retreated 1.64% in 2024.
- Over 5 years, Cost of Revenue stood at $135.3 million in 2022, then increased by 0.19% to $135.5 million in 2023, then grew by 0.52% to $136.3 million in 2024, then climbed by 24.62% to $169.8 million in 2025, then fell by 0.58% to $168.8 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $168.8 million, $156.5 million, and $169.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 170.19 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 108.66 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 168.81 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 24.17 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 31.25 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 114.00 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 191.19 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 118.22 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 42.60 Mn |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | 129.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 168.81 Mn |
| Mar 31, 2026 | 156.55 Mn |
| Dec 31, 2025 | 169.79 Mn |
| Sep 30, 2025 | 147.34 Mn |
| Jun 30, 2025 | 147.00 Mn |
| Mar 31, 2025 | 136.27 Mn |
| Dec 31, 2024 | 136.25 Mn |
| Sep 30, 2024 | 139.27 Mn |
| Jun 30, 2024 | 129.63 Mn |
| Mar 31, 2024 | 130.88 Mn |
| Dec 31, 2023 | 135.54 Mn |
| Sep 30, 2023 | 141.59 Mn |
| Jun 30, 2023 | 127.11 Mn |
| Mar 31, 2023 | 123.82 Mn |
| Dec 31, 2022 | 135.29 Mn |
| Sep 30, 2022 | 129.95 Mn |
| Jun 30, 2022 | 128.51 Mn |
| Mar 31, 2022 | 119.66 Mn |
| Dec 31, 2021 | 114.95 Mn |
| Sep 30, 2021 | 104.16 Mn |