Trulieve Cannabis (TRLV) EBITDA (2020 - 2026)
Trulieve Cannabis (TRLV) posted EBITDA of -$344.8 million for Q2 2026, compared with $82.06 million a year earlier.
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Analysis
Trulieve Cannabis (TRLV) EBITDA (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA at Trulieve Cannabis was -$162.92 million; for FY2025, it was $261.13 million, up 24.0% from FY2024.
- Annual EBITDA shows a five-year compound annual growth rate of 2.5% (FY2020 to FY2025).
- In prior years, Trulieve Cannabis' EBITDA was $210.59 million in FY2024, -$110.79 million in FY2023, $171.94 million in FY2022 (-31.8%) and $252.15 million in FY2021 (+9.2%).
- The Q2 2026 figure stands as the lowest quarterly EBITDA in data going back to Q1 2020.
- On a year-over-year basis, EBITDA increased in four of the last seven quarters, with growth averaging 14.6%.
- The strongest year-over-year quarter for EBITDA in the past five years was Q3 2025, with growth of 147.6%; the weakest was Q3 2022, with a decline of 97.1%.
- According to Business Quant data, EBITDA for the three prior quarters was $65.47 million (Q1 2026), $44.72 million (Q4 2025) and $71.69 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 313.55 Bn | 293.19 Bn | 7.66 Bn | 5.04 Bn |
| 2 | British American Tobacco p.l.c | 128.08 Bn | 104.45 Bn | - | - |
| 3 | Altria | 123.78 Bn | 109.94 Bn | 3.82 Bn | 3.19 Bn |
| 4 | RLX Technology | 2.10 Bn | -1.67 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.04 Bn | 1.65 Bn | 169.91 Mn | 52.83 Mn |
| 6 | Trulieve Cannabis | 1.98 Bn | 596.14 Mn | 162.29 Mn | -344.80 Mn |
| 7 | Green Thumb Industries | 1.37 Bn | 215.43 Mn | 137.87 Mn | 66.86 Mn |
| 8 | Turning Point Brands | 1.23 Bn | 335.27 Mn | 93.70 Mn | - |
| 9 | Cronos | 1.21 Bn | -2.06 Bn | 28.45 Mn | 10.78 Mn |
| 10 | Vireo Growth | 409.39 Mn | -95.17 Mn | 95.30 Mn | 4.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -344.80 Mn |
| Mar 31, 2026 | 65.47 Mn |
| Dec 31, 2025 | 44.72 Mn |
| Sep 30, 2025 | 71.69 Mn |
| Jun 30, 2025 | 82.06 Mn |
| Mar 31, 2025 | 62.65 Mn |
| Dec 31, 2024 | 29.95 Mn |
| Sep 30, 2024 | 28.95 Mn |
| Jun 30, 2024 | 77.83 Mn |
| Mar 31, 2024 | 73.86 Mn |
| Dec 31, 2023 | 56.38 Mn |
| Sep 30, 2023 | 50.30 Mn |
| Jun 30, 2023 | -265.24 Mn |
| Mar 31, 2023 | 47.53 Mn |
| Dec 31, 2022 | 35.93 Mn |
| Sep 30, 2022 | 2.13 Mn |
| Jun 30, 2022 | 72.36 Mn |
| Mar 31, 2022 | 58.48 Mn |
| Dec 31, 2021 | 17.18 Mn |
| Sep 30, 2021 | 74.00 Mn |
API Access
Trulieve Cannabis EBITDA 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=ebitda&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();