Trulieve Cannabis (TCNNF) Operating Expenses (2020 - 2026)

Trulieve Cannabis' Operating Expenses history runs 7 years deep, the most recent figure standing at $134.4 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 10.37% year-over-year to $134.4 million; the TTM figure through Mar 2026 stood at $552.1 million (down 13.75% YoY), while the FY2025 annual figure was $567.7 million, down 8.14% from the prior year.
• Operating Expenses was $134.4 million for Q1 2026 at Trulieve Cannabis, down from $159.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $432.9 million in Q2 2023 to a low of $119.6 million in Q3 2023.
• Historically, Operating Expenses has averaged $163.0 million across 5 years, with a median of $141.9 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 205.1% in 2023, then sank 69.53% in 2024.
• A 5-year view of Operating Expenses shows it stood at $151.9 million in 2022, then declined by 17.93% to $124.7 million in 2023, then soared by 48.96% to $185.7 million in 2024, then decreased by 13.91% to $159.9 million in 2025, then fell by 15.96% to $134.4 million in 2026.
• The last three Operating Expenses figures came in at $134.4 million (Q1 2026), $159.9 million (Q4 2025), and $127.6 million (Q3 2025), per Business Quant data.