Filing Flows › Green Thumb Industries (GTBIF) › Q3 2026 › vs Q3 2025
Green Thumb Industries (GTBIF) Q3 2026 vs Q3 2025 (year over year)
Green Thumb Industries's revenue rose $33.0M (+11%) from $291M in Q3 2025 to $324M in Q3 2026.
Green Thumb Industries, Q3 2026: revenue $324M (+11% year over year), operating margin 7.7%, net loss $6.7M, operating cash flow $58.3M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 11.7% | 19.4% | -7.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $324M | $291M | $33.0M | +11% |
| Net loss | $6.7M | −$23.8M | $30.5M | — |
| Costs & expenses | $331M | $328M | $3.5M | +1% |
| Operating costs | $299M | $255M | $44.7M | +18% |
| Interest & other, net | $3.7M | −$36.2M | $39.9M | — |
| Income tax | $28.1M | $49.1M | −$21.1M | -43% |
| Cost of revenue | $178M | $147M | $30.3M | +21% |
| Operating expenses | $122M | $107M | $14.4M | +13% |
| Operating cash sources | $64.9M | $50.3M | $14.6M | +29% |
| Depreciation & amortization | $34.2M | $30.1M | $4.1M | +14% |
| Share-based compensation | $10.4M | $11.7M | −$1.2M | -11% |
| Working capital & other | $20.3M | $8.6M | $11.7M | +137% |
| Net loss absorbed | $6.7M | −$23.8M | $30.5M | — |
| Operating cash flow | $58.3M | $74.1M | −$15.9M | -21% |
| Free cash flow (OCF − capex) | $38.0M | $56.6M | −$18.5M | -33% |
| Capital expenditures | $20.2M | $17.5M | $2.7M | +15% |
Questions
How much did Green Thumb Industries's revenue grow year over year in Q3 2026?
Green Thumb Industries's revenue rose $33.0M (+11%) from $291M in Q3 2025 to $324M in Q3 2026.