Trulieve Cannabis (TCNNF) Gross Margin (2020 - 2026)

Trulieve Cannabis' Gross Margin history runs 7 years deep, the most recent figure standing at 59.31% for Q1 2026.

• In Q1 2026, Gross Margin fell 222.0% year-over-year to 59.31%; the TTM figure through Mar 2026 stood at 59.65% (down 146.0% YoY), while the FY2025 annual figure was 60.21%, down 12.0% from the prior year.
• Gross Margin was 59.31% for Q1 2026 at Trulieve Cannabis, down from 59.75% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 62.1% in Q4 2024 to a low of 50.26% in Q2 2023.
• Historically, Gross Margin has averaged 57.34% across 5 years, with a median of 58.43% in 2022.
• The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 1300 bps in 2022, then soared 960 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 52.64% in 2022, then climbed by 2 bps to 53.61% in 2023, then increased by 16 bps to 62.1% in 2024, then slipped by 4 bps to 59.75% in 2025, then fell by 1 bps to 59.31% in 2026.
• The last three Gross Margin figures came in at 59.31% (Q1 2026), 59.75% (Q4 2025), and 58.94% (Q3 2025), per Business Quant data.