Turning Point Brands (TPB) Operating Expenses (2015 - 2026)
Turning Point Brands' Operating Expenses came in at $76.99 million for Q2 2026, up 91.1% from $40.3 million a year earlier and up 37.9% from the prior quarter.
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Analysis
Turning Point Brands (TPB) Operating Expenses (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Turning Point Brands reported Operating Expenses of $225.07 million, up 59.8% year-over-year; for FY2025, it was $168.99 million, up 38.1% from FY2024.
- Operating Expenses has increased in each of the last three years, with a five-year compound annual growth rate of 6.1% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $122.41 million in FY2024 (+17.3%), $104.33 million in FY2023 (+0.5%), $103.82 million in FY2022 (-18.6%) and $127.51 million in FY2021 (+1.6%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2015.
- Year-over-year, Operating Expenses has increased for seven consecutive quarters, with growth averaging 66.0% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2024 (growth of 237.4%), and the weakest in Q4 2022 (a decline of 84.0%).
- Business Quant data shows TPB's Operating Expenses at $55.81 million (Q1 2026), $47.73 million (Q4 2025) and $44.54 million (Q3 2025) in the three quarters before Q2 2026.
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 | 76.99 Mn |
| Mar 31, 2026 | 55.81 Mn |
| Dec 31, 2025 | 47.73 Mn |
| Sep 30, 2025 | 44.54 Mn |
| Jun 30, 2025 | 40.30 Mn |
| Mar 31, 2025 | 36.42 Mn |
| Dec 31, 2024 | 34.53 Mn |
| Sep 30, 2024 | 29.59 Mn |
| Jun 30, 2024 | 29.20 Mn |
| Mar 31, 2024 | 29.08 Mn |
| Dec 31, 2023 | 10.23 Mn |
| Sep 30, 2023 | 31.39 Mn |
| Jun 30, 2023 | 31.93 Mn |
| Mar 31, 2023 | 30.78 Mn |
| Dec 31, 2022 | 5.04 Mn |
| Sep 30, 2022 | 32.89 Mn |
| Jun 30, 2022 | 33.32 Mn |
| Mar 31, 2022 | 32.57 Mn |
| Dec 31, 2021 | 31.61 Mn |
| Sep 30, 2021 | 31.89 Mn |
API Access
Turning Point Brands 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=TPB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TPB", "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=TPB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();