Green Thumb Industries (GTBIF) Operating Expenses (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Operating Expenses came in at $117.9 million in Q2 2026, up 10.38% on a YoY basis from $106.8 million in Q2 2025, and up 14.57% quarter-over-quarter from $102.9 million in Q1 2026.
Analysis
Green Thumb Industries (GTBIF) Operating Expenses (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has reported Operating Expenses for 8 consecutive years, with $117.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 10.38% year-over-year to $117.9 million; the trailing twelve-month figure through Jun 2026 stood at $450.4 million (up 8.91% YoY), and the FY2025 full-year result was $437.2 million, up 16.06% from the prior year.
- Operating Expenses improved to $117.9 million in Q2 2026 per GTBIF's latest filing, from $102.9 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.
- Historically, Operating Expenses has averaged $97.7 million across 5 years, with a median of $98.6 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 126.93% in 2022, then slumped 45.19% in 2023.
- Over 5 years, 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 fell by 3.58% to $117.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $117.9 million, $102.9 million, and $122.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 165.69 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 532.81 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 117.91 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 21.05 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 18.76 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 101.60 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 106.98 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 96.56 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 32.06 Mn |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | 31.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 117.91 Mn |
| 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 |