Trulieve Cannabis TRLV
NYSE TRLV
$11.94 -0.49 (-3.94%)
As of: Sep 9, 2026 · 2:26 PM EDT

Trulieve Cannabis (TRLV) Operating Expenses (2020 - 2026)

Trulieve Cannabis (TRLV) posted Operating Expenses of $532.8 million for Q2 2026, up 296.57% on a QoQ basis from $134.4 million in Q1 2026, and up 308.94% year-over-year from $130.3 million in Q2 2025.

Analysis

Trulieve Cannabis (TRLV) Operating Expenses (2020 - 2026) Analysis & Trends

Trulieve Cannabis has reported Operating Expenses for 7 years, with the latest figure at $532.8 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 308.94% year-over-year to $532.8 million in Q2 2026; TTM through Jun 2026 was $954.7 million, a 49.5% increase from a year earlier, with the FY2025 full-year figure at $567.7 million, down 8.14% from the prior year.
  • Operating Expenses was $532.8 million for Q2 2026 at Trulieve Cannabis, up from $134.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $532.8 million in Q2 2026, with the low at $119.6 million in Q3 2023.
  • Average Operating Expenses over 5 years is $183.6 million, with a median of $145.9 million recorded in 2022.
  • The sharpest annual moves came in 2024 and 2026: Operating Expenses plunged 69.53% in 2024, then soared 308.94% in 2026.
  • Over 5 years, Operating Expenses stood at $151.9 million in 2022, then fell by 17.93% to $124.7 million in 2023, then jumped by 48.96% to $185.7 million in 2024, then slipped by 13.91% to $159.9 million in 2025, then surged by 233.28% to $532.8 million in 2026.
  • The last three Operating Expenses figures came in at $532.8 million (Q2 2026), $134.4 million (Q1 2026), and $159.9 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Curaleaf Holdings 2.68 Bn 2.58 Bn 169.91 Mn 165.69 Mn
2 Trulieve Cannabis 2.31 Bn 1.98 Bn 162.29 Mn 532.81 Mn
3 Green Thumb Industries 1.72 Bn 1.43 Bn 137.87 Mn 117.91 Mn
4 Cronos 1.18 Bn 383.59 Mn 28.45 Mn 21.05 Mn
5 Glass House Brands 673.51 Mn 654.96 Mn 15.77 Mn 18.76 Mn
6 Vireo Growth 550.06 Mn 407.76 Mn 95.30 Mn 101.60 Mn
7 Tilray Brands 472.92 Mn 238.29 Mn 90.52 Mn 106.98 Mn
8 Verano Holdings 438.82 Mn 353.62 Mn 99.70 Mn 96.56 Mn
9 Canopy Growth 405.75 Mn 158.74 Mn 16.08 Mn 32.06 Mn
10 Sndl 365.15 Mn 232.60 Mn 40.74 Mn 31.60 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 532.81 Mn
Mar 31, 2026 134.36 Mn
Dec 31, 2025 159.87 Mn
Sep 30, 2025 127.62 Mn
Jun 30, 2025 130.29 Mn
Mar 31, 2025 149.89 Mn
Dec 31, 2024 185.71 Mn
Sep 30, 2024 172.66 Mn
Jun 30, 2024 131.89 Mn
Mar 31, 2024 127.70 Mn
Dec 31, 2023 124.67 Mn
Sep 30, 2023 119.60 Mn
Jun 30, 2023 432.93 Mn
Mar 31, 2023 133.04 Mn
Dec 31, 2022 151.90 Mn
Sep 30, 2022 196.05 Mn
Jun 30, 2022 141.90 Mn
Mar 31, 2022 151.28 Mn
Dec 31, 2021 143.97 Mn
Sep 30, 2021 87.67 Mn