Trulieve Cannabis (TRLV) Operating Leases (2020 - 2026)
Trulieve Cannabis' Operating Leases came in at $85.78 million for Q2 2026, down 23.6% from $112.25 million a year earlier and down 17.6% from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, Trulieve Cannabis' Operating Leases was $107.88 million, down 8.2% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of 30.9% (FY2020 to FY2025).
- Going back by year, Operating Leases was $117.49 million in FY2024 (+27.4%), $92.24 million in FY2023 (-7.6%), $99.85 million in FY2022 (-18.2%) and $122.13 million in FY2021 (+334.3%).
- The Q2 2026 figure represents the lowest quarterly Operating Leases since Q3 2021.
- Year-over-year, Operating Leases has declined for four consecutive quarters, with growth averaging 5.1% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q4 2021 (growth of 334.3%), and the weakest in Q2 2026 (a decline of 23.6%).
- Business Quant data shows TRLV's Operating Leases at $104.14 million (Q1 2026), $107.88 million (Q4 2025) and $110.52 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 85.78 Mn |
| Mar 31, 2026 | 104.14 Mn |
| Dec 31, 2025 | 107.88 Mn |
| Sep 30, 2025 | 110.52 Mn |
| Jun 30, 2025 | 112.25 Mn |
| Mar 31, 2025 | 116.50 Mn |
| Dec 31, 2024 | 117.49 Mn |
| Sep 30, 2024 | 113.40 Mn |
| Jun 30, 2024 | 101.03 Mn |
| Mar 31, 2024 | 93.61 Mn |
| Dec 31, 2023 | 92.24 Mn |
| Sep 30, 2023 | 92.61 Mn |
| Jun 30, 2023 | 100.73 Mn |
| Mar 31, 2023 | 103.07 Mn |
| Dec 31, 2022 | 99.85 Mn |
| Sep 30, 2022 | 110.63 Mn |
| Jun 30, 2022 | 128.39 Mn |
| Mar 31, 2022 | 128.58 Mn |
| Dec 31, 2021 | 122.13 Mn |
| Sep 30, 2021 | 43.66 Mn |
API Access
Trulieve Cannabis Operating Leases 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-leases&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();