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

Trulieve Cannabis (TCNNF) recorded quarterly Operating Income of $35.7 million in Q1 2026, up 133.54% quarter-over-quarter from $15.3 million in Q4 2025, and up 7.2% on a YoY basis from $33.3 million in Q1 2025.

Trulieve Cannabis (TCNNF) Operating Income (2020 - 2026) Analysis & Trends

Trulieve Cannabis' Operating Income history runs 7 years deep, the most recent figure standing at $35.7 million for Q1 2026.

  • In Q1 2026, Operating Income rose 7.2% year-over-year to $35.7 million; the TTM figure through Mar 2026 stood at $145.9 million (up 71.63% YoY), while the FY2025 annual figure was $143.5 million, up 46.75% from the prior year.
  • Operating Income was $35.7 million for Q1 2026 at Trulieve Cannabis, up from $15.3 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $52.6 million in Q2 2025 to a low of -$291.3 million in Q2 2023.
  • Historically, Operating Income has averaged $6.1 million across 5 years, with a median of $29.2 million in 2022.
  • The sharpest annual moves came in 2023 and 2025: Operating Income plunged 802.35% in 2023, then surged 6734.63% in 2025.
  • A 5-year view of Operating Income shows it stood at $5.2 million in 2022, then soared by 460.51% to $29.2 million in 2023, then tumbled by 95.52% to $1.3 million in 2024, then soared by 1069.5% to $15.3 million in 2025, then soared by 133.54% to $35.7 million in 2026.
  • The last three Operating Income figures came in at $35.7 million (Q1 2026), $15.3 million (Q4 2025), and $42.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 652.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 833.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 325.80 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 14.03 Mn
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 193.40 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 307.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -48.28 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -78.32 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 81.33 Mn
10 Trulieve Cannabis - - 170.08 Mn 35.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.73 Mn
Dec 31, 2025 15.30 Mn
Sep 30, 2025 42.24 Mn
Jun 30, 2025 52.63 Mn
Mar 31, 2025 33.33 Mn
Dec 31, 2024 1.31 Mn
Sep 30, 2024 618,000.00
Jun 30, 2024 49.75 Mn
Mar 31, 2024 46.10 Mn
Dec 31, 2023 29.18 Mn
Sep 30, 2023 23.34 Mn
Jun 30, 2023 -291.29 Mn
Mar 31, 2023 17.15 Mn
Dec 31, 2022 5.21 Mn
Sep 30, 2022 -27.34 Mn
Jun 30, 2022 41.47 Mn
Mar 31, 2022 29.17 Mn
Dec 31, 2021 -11.09 Mn
Sep 30, 2021 66.28 Mn
Jun 30, 2021 76.30 Mn