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

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

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

Green Thumb Industries has reported Operating Expenses for 8 years, with the latest figure at $102.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 2.1% year-over-year to $102.9 million; the trailing twelve-month figure through Mar 2026 stood at $439.3 million (up 8.95% YoY), and the FY2025 full-year result was $437.2 million, up 16.06% from the prior year.
  • Operating Expenses for Q1 2026 stood at $102.9 million, down from $122.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $168.5 million in Q4 2022, with the low at $63.5 million in Q2 2022.
  • Historically, Operating Expenses has averaged $96.6 million across 5 years, with a median of $96.5 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 126.93% — and 2023, when it sank 45.19%.
  • Green Thumb Industries' Operating Expenses stood at $168.5 million in 2022, then slumped by 45.19% to $92.3 million in 2023, then advanced by 9.32% to $101.0 million in 2024, then grew by 21.13% to $122.3 million in 2025, then slipped by 15.85% to $102.9 million in 2026.
  • The last three Operating Expenses figures came in at $102.9 million (Q1 2026), $122.3 million (Q4 2025), and $107.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 526.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 788.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 455.70 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 19.40 Mn
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 621.10 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 478.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 441.19 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 475.11 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 96.91 Mn
10 Green Thumb Industries - - 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