Filing Flows › Curaleaf Holdings (CURLF) › Q3 2026
Curaleaf Holdings (CURLF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Curaleaf Holdings (CURLF) reported revenue of $353M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +4% from the quarter before. Operating margin was 0.8%, net loss $32.7M (9.3% of revenue).
Curaleaf Holdings, Q3 2026: revenue $353M (+11% year over year), operating margin 0.8%, net loss $32.7M, operating cash flow $21.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | +4% | +11% |
| Operating profit | $2.9M | -30% | — |
| Net earnings | −$32.7M | -362% | — |
| Operating cash flow | $21.1M | — | -56% |
| Free cash flow | $4.0M | — | -87% |
What changed
Revenue was $352.6M in Q3 2026, up 11% year over year and up 4% from the previous quarter. Retail revenues was the largest line at 69% of revenue. Wholesale revenues added $18.3M year over year (up 21%), 53% of the total change. Management fee income declined 10%.
Gross margin was 48.3%, down 2.2 points from a year earlier. Operating profit was $2.9M, a 0.8% margin (down 1.3 points year over year). Operating profit fell $4.0M even though revenue rose $34.8M versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 11%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $32.7M, after a profit of $12.5M the previous quarter. Net interest and other expense of $21.2M was the main reason.
Operating cash flow was $21.1M (down 56% year over year). Non-cash charges added back $51.5M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items used $11.8M. Capital expenditures of $17.1M left free cash flow of $4.0M.
Questions
What was Curaleaf Holdings' revenue in the third quarter 2026?
Curaleaf Holdings (CURLF) reported revenue of $353M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +4% from the quarter before.
Was Curaleaf Holdings profitable in the third quarter 2026?
Operating profit was $2.9M (0.8% of revenue) and net loss $32.7M.
Source: Curaleaf Holdings 10-Q on SEC EDGAR.