Trulieve Cannabis (TRLV) Cost of Revenue (2020 - 2026)
Trulieve Cannabis (TRLV) posted Cost of Revenue of $108.7 million for Q2 2026, down 6.87% on a QoQ basis from $116.7 million in Q1 2026, and down 8.81% year-over-year from $119.2 million in Q2 2025.
Analysis
Trulieve Cannabis (TRLV) Cost of Revenue (2020 - 2026) Analysis & Trends
Trulieve Cannabis has reported Cost of Revenue for 7 years, with the latest figure at $108.7 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 8.81% year-over-year to $108.7 million in Q2 2026; TTM through Jun 2026 was $461.6 million, a 0.61% increase from a year earlier, with the FY2025 full-year figure at $470.0 million, changed 0.16% from the prior year.
- Cost of Revenue was $108.7 million for Q2 2026 at Trulieve Cannabis, down from $116.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $141.4 million in Q4 2022, with the low at $108.7 million in Q2 2026.
- Average Cost of Revenue over 5 years is $124.6 million, with a median of $122.8 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 134.45% in 2022, then retreated 16.07% in 2024.
- Over 5 years, Cost of Revenue stood at $141.4 million in 2022, then dropped by 5.83% to $133.1 million in 2023, then dropped by 14.27% to $114.1 million in 2024, then rose by 3.38% to $118.0 million in 2025, then slipped by 7.9% to $108.7 million in 2026.
- The last three Cost of Revenue figures came in at $108.7 million (Q2 2026), $116.7 million (Q1 2026), and $118.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.69 Bn | 2.60 Bn | 169.91 Mn | 170.19 Mn |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.99 Bn | 162.29 Mn | 108.66 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | 168.81 Mn |
| 4 | Cronos | 1.18 Bn | 385.45 Mn | 28.45 Mn | 24.17 Mn |
| 5 | Glass House Brands | 674.33 Mn | 655.78 Mn | 15.77 Mn | 31.25 Mn |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | 114.00 Mn |
| 7 | Tilray Brands | 475.19 Mn | 240.56 Mn | 90.52 Mn | 191.19 Mn |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | 118.22 Mn |
| 9 | Canopy Growth | 407.23 Mn | 160.22 Mn | 16.08 Mn | 42.60 Mn |
| 10 | Sndl | 363.86 Mn | 231.31 Mn | 40.74 Mn | 129.71 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 |