Green Thumb Industries (GTBIF) Operating Expenses (2019 - 2026)
Green Thumb Industries (GTBIF) reported Operating Expenses of $117.91 million for Q2 2026, up 10.4% from $106.82 million a year earlier and up 14.6% from the prior quarter.
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Analysis
Green Thumb Industries (GTBIF) Operating Expenses (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Green Thumb Industries' Operating Expenses came in at $450.4 million, up 8.9% year-over-year; for FY2025, it came in at $437.19 million, up 16.1% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 17.2% (FY2020 to FY2025).
- By year, Operating Expenses came in at $376.68 million in FY2024 (+10.2%), $341.86 million in FY2023 (-10.7%), $382.9 million in FY2022 (+38.2%) and $277.09 million in FY2021 (+39.9%).
- Five-year quarterly Operating Expenses spans a low of $63.54 million in Q2 2022 and a high of $168.5 million in Q4 2022.
- Year over year, Operating Expenses has now increased in each of the last nine quarters, with growth averaging 14.4% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q4 2022 (growth of 126.9%); the low point was Q4 2023 (a decline of 45.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $102.91 million (Q1 2026), $122.29 million (Q4 2025) and $107.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 76.99 Mn |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 96.56 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 |
API Access
Green Thumb Industries Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GTBIF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GTBIF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GTBIF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();