Trulieve Cannabis (TRLV) Cost of Revenue (2020 - 2026)
Trulieve Cannabis (TRLV) posted Cost of Revenue of $108.66 million for Q2 2026, down 8.8% from $119.16 million a year earlier and down 6.9% from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) Cost of Revenue (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Trulieve Cannabis was $461.65 million, up 0.6% year-over-year; for FY2025, it was $470.01 million, down 0.2% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 28.3% (FY2020 to FY2025).
- In prior years, Trulieve Cannabis' Cost of Revenue was $470.75 million in FY2024 (-12.9%), $540.57 million in FY2023 (+2.2%), $529.1 million in FY2022 (+44.8%) and $365.36 million in FY2021 (+170.4%).
- The Q2 2026 figure stands as the lowest quarterly Cost of Revenue since Q3 2021.
- On a year-over-year basis, Cost of Revenue increased in three of the last eight quarters, with an average decline of 4.6%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q4 2021, with growth of 241.9%; the weakest was Q3 2024, with a decline of 16.1%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $116.67 million (Q1 2026), $117.98 million (Q4 2025) and $118.33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn | 3.53 Bn |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn | 1.54 Bn |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn | 170.19 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 82.40 Mn |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn | 108.66 Mn |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn | 168.81 Mn |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn | 42.15 Mn |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn | 49.26 Mn |
| 10 | Verano Holdings | 771.72 Mn | 445.33 Mn | 99.70 Mn | 118.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 108.66 Mn |
| Mar 31, 2026 | 116.67 Mn |
| Dec 31, 2025 | 117.98 Mn |
| Sep 30, 2025 | 118.33 Mn |
| Jun 30, 2025 | 119.16 Mn |
| Mar 31, 2025 | 114.54 Mn |
| Dec 31, 2024 | 114.13 Mn |
| Sep 30, 2024 | 111.01 Mn |
| Jun 30, 2024 | 121.79 Mn |
| Mar 31, 2024 | 123.82 Mn |
| Dec 31, 2023 | 133.12 Mn |
| Sep 30, 2023 | 132.26 Mn |
| Jun 30, 2023 | 140.16 Mn |
| Mar 31, 2023 | 135.02 Mn |
| Dec 31, 2022 | 141.37 Mn |
| Sep 30, 2022 | 126.64 Mn |
| Jun 30, 2022 | 130.47 Mn |
| Mar 31, 2022 | 137.29 Mn |
| Dec 31, 2021 | 166.02 Mn |
| Sep 30, 2021 | 70.15 Mn |
API Access
Trulieve Cannabis Cost of Revenue 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=cost-of-revenue&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TRLV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();