Green Thumb Industries (GTBIF) Operating Income (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Operating Income came in at $20.0 million in Q2 2026, down 49.36% on a YoY basis from $39.4 million in Q2 2025, and down 50.98% quarter-over-quarter from $40.7 million in Q1 2026.
Analysis
Green Thumb Industries (GTBIF) Operating Income (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has reported Operating Income for 8 consecutive years, with $20.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income fell 49.36% year-over-year to $20.0 million; the trailing twelve-month figure through Jun 2026 stood at $116.5 million (down 35.87% YoY), and the FY2025 full-year result was $137.7 million, down 38.64% from the prior year.
- Operating Income eased to $20.0 million in Q2 2026 per GTBIF's latest filing, from $40.7 million in the prior quarter.
- Across five years, Operating Income topped out at $70.7 million in Q1 2024 and bottomed at -$44.5 million in Q4 2022.
- Historically, Operating Income has averaged $40.5 million across 5 years, with a median of $43.4 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Income slumped 181.85% in 2022, then soared 213.09% in 2023.
- Over 5 years, Operating Income stood at -$44.5 million in 2022, then jumped by 213.09% to $50.3 million in 2023, then climbed by 13.45% to $57.1 million in 2024, then slumped by 66.65% to $19.0 million in 2025, then gained by 4.85% to $20.0 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $20.0 million, $40.7 million, and $19.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.61 Bn | 2.52 Bn | 169.91 Mn | 4.22 Mn |
| 2 | Trulieve Cannabis | 2.33 Bn | 2.01 Bn | 162.29 Mn | -370.52 Mn |
| 3 | Green Thumb Industries | 1.48 Bn | 1.19 Bn | 137.87 Mn | 19.97 Mn |
| 4 | Cronos | 1.21 Bn | 460.32 Mn | 28.45 Mn | 7.40 Mn |
| 5 | Verano Holdings | 884.47 Mn | 797.46 Mn | 99.70 Mn | 3.14 Mn |
| 6 | Glass House Brands | 666.25 Mn | 647.70 Mn | 15.77 Mn | -3.00 Mn |
| 7 | Tilray Brands | 592.57 Mn | 338.48 Mn | 90.52 Mn | -16.45 Mn |
| 8 | Vireo Growth | 563.06 Mn | 420.76 Mn | 95.30 Mn | -6.30 Mn |
| 9 | Canopy Growth | 410.33 Mn | 163.32 Mn | 16.08 Mn | -15.98 Mn |
| 10 | Sndl | 376.60 Mn | 244.06 Mn | 40.74 Mn | -5.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.97 Mn |
| Mar 31, 2026 | 40.73 Mn |
| Dec 31, 2025 | 19.04 Mn |
| Sep 30, 2025 | 36.74 Mn |
| Jun 30, 2025 | 39.43 Mn |
| Mar 31, 2025 | 42.48 Mn |
| Dec 31, 2024 | 57.11 Mn |
| Sep 30, 2024 | 42.62 Mn |
| Jun 30, 2024 | 54.02 Mn |
| Mar 31, 2024 | 70.67 Mn |
| Dec 31, 2023 | 50.34 Mn |
| Sep 30, 2023 | 49.03 Mn |
| Jun 30, 2023 | 41.06 Mn |
| Mar 31, 2023 | 44.20 Mn |
| Dec 31, 2022 | -44.51 Mn |
| Sep 30, 2022 | 48.76 Mn |
| Jun 30, 2022 | 62.26 Mn |
| Mar 31, 2022 | 54.55 Mn |
| Dec 31, 2021 | 54.38 Mn |
| Sep 30, 2021 | 58.07 Mn |