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| Date | Value |
|---|---|
| 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 |