Trulieve Cannabis (TRLV) Operating Income (2020 - 2026)
Trulieve Cannabis (TRLV) reported Operating Income of -$370.52 million for Q2 2026, compared with $52.63 million a year earlier.
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Analysis
Trulieve Cannabis (TRLV) Operating Income (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Trulieve Cannabis' Operating Income came in at -$277.26 million; for FY2025, it came in at $143.5 million, up 46.8% from FY2024.
- Operating Income has a five-year compound annual growth rate of -8.0% (FY2020 to FY2025).
- By year, Operating Income came in at $97.78 million in FY2024, -$221.61 million in FY2023, $50.17 million in FY2022 (-75.4%) and $204.05 million in FY2021 (-6.5%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Income in data going back to Q1 2020.
- Year over year, Operating Income gained in two of the last five quarters, with an average decline of 41.5%.
- The high point for year-over-year Operating Income in five years was Q4 2023 (growth of 460.5%); the low point was Q3 2024 (a decline of 97.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.73 million (Q1 2026), $15.3 million (Q4 2025) and $42.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 4.53 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 | 3.14 Bn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 4.22 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 19.22 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -370.52 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 19.97 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 7.40 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 16.71 Mn |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 3.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -370.52 Mn |
| Mar 31, 2026 | 35.73 Mn |
| Dec 31, 2025 | 15.30 Mn |
| Sep 30, 2025 | 42.24 Mn |
| Jun 30, 2025 | 52.63 Mn |
| Mar 31, 2025 | 33.33 Mn |
| Dec 31, 2024 | 1.31 Mn |
| Sep 30, 2024 | 618,000.00 |
| Jun 30, 2024 | 49.75 Mn |
| Mar 31, 2024 | 46.10 Mn |
| Dec 31, 2023 | 29.18 Mn |
| Sep 30, 2023 | 23.34 Mn |
| Jun 30, 2023 | -291.29 Mn |
| Mar 31, 2023 | 17.15 Mn |
| Dec 31, 2022 | 5.21 Mn |
| Sep 30, 2022 | -27.34 Mn |
| Jun 30, 2022 | 41.47 Mn |
| Mar 31, 2022 | 29.17 Mn |
| Dec 31, 2021 | -11.09 Mn |
| Sep 30, 2021 | 66.28 Mn |
API Access
Trulieve Cannabis Operating Income 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-income&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();