Green Thumb Industries (GTBIF) Operating Expenses (2019 - 2026)

Green Thumb Industries (GTBIF) posted Operating Expenses of $102.9 million for Q1 2026, down 15.85% on a QoQ basis from $122.3 million in Q4 2025, and up 2.1% year-over-year from $100.8 million in Q1 2025.

Green Thumb Industries (GTBIF) Operating Expenses (2019 - 2026) Analysis & Trends

Green Thumb Industries' Operating Expenses history runs 8 years deep, the most recent figure standing at $102.9 million for Q1 2026.

  • Quarterly Operating Expenses rose 2.1% year-over-year to $102.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $439.3 million (up 8.95% YoY) and the FY2025 annual result came in at $437.2 million, up 16.06% from the prior year.
  • Operating Expenses was $102.9 million for Q1 2026 at Green Thumb Industries, down from $122.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $168.5 million in Q4 2022 and bottomed at $63.5 million in Q2 2022.
  • A 5-year average of $96.6 million and a median of $96.5 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 126.93% — and 2023, when it plunged 45.19%.
  • Green Thumb Industries' Operating Expenses stood at $168.5 million in 2022, then plunged by 45.19% to $92.3 million in 2023, then grew by 9.32% to $101.0 million in 2024, then rose by 21.13% to $122.3 million in 2025, then declined by 15.85% to $102.9 million in 2026.
  • Business Quant data shows GTBIF's Operating Expenses at $102.9 million in Q1 2026, $122.3 million in Q4 2025, and $107.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 455.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 494.00 Mn
10 Green Thumb Industries 1.63 Bn 1.29 Bn 143.65 Mn 102.91 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 102.91 Mn
Dec 31, 2025 122.29 Mn
Sep 30, 2025 107.29 Mn
Jun 30, 2025 106.82 Mn
Mar 31, 2025 100.79 Mn
Dec 31, 2024 100.96 Mn
Sep 30, 2024 104.97 Mn
Jun 30, 2024 96.50 Mn
Mar 31, 2024 74.26 Mn
Dec 31, 2023 92.35 Mn
Sep 30, 2023 84.78 Mn
Jun 30, 2023 84.22 Mn
Mar 31, 2023 80.52 Mn
Dec 31, 2022 168.50 Mn
Sep 30, 2022 82.48 Mn
Jun 30, 2022 63.54 Mn
Mar 31, 2022 68.39 Mn
Dec 31, 2021 74.25 Mn
Sep 30, 2021 71.45 Mn
Jun 30, 2021 72.06 Mn