Filing Flows › Marimed (MRMD) › Q1 2026 › vs Q1 2025
Marimed (MRMD) Q1 2026 vs Q1 2025 (year over year)
Marimed's revenue rose $1.6M (+4%) from $37.9M in Q1 2025 to $39.5M in Q1 2026. The biggest changes: Product sales - retail +$997K (+5%); Product sales - wholesale +$731K (+4%); Other revenue −$153K (-39%).
Marimed, Q1 2026: revenue $39.5M (+4% year over year), operating margin 0.3%, net loss $3.8M, operating cash flow $949K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.5% | 2.7% | -1.3 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Product sales - retail | $21.7M | $20.7M | $997K | +5% |
| Product sales - wholesale | $17.5M | $16.8M | $731K | +4% |
| Other revenue | $237K | $390K | −$153K | -39% |
| Revenue | $39.5M | $37.9M | $1.6M | +4% |
| Net loss | $3.8M | $5.5M | −$1.7M | -31% |
| Costs & expenses | $43.2M | $43.4M | −$137K | -0.3% |
| Operating costs | $39.4M | $38.8M | $540K | +1% |
| Interest & other, net | $1.2M | $1.7M | −$497K | -29% |
| Income tax | $2.7M | $2.8M | −$180K | -6% |
| Cost of revenue | $24.2M | $22.8M | $1.4M | +6% |
| Sales & marketing | $765K | $908K | −$143K | -16% |
| General & admin | $6.9M | $6.2M | $637K | +10% |
| Other operating costs | $7.5M | $8.8M | −$1.3M | -15% |
| Operating cash sources | $4.7M | $6.8M | −$2.1M | -30% |
| Depreciation & amortization | $2.2M | $1.8M | $346K | +19% |
| Share-based compensation | $325K | $547K | −$222K | -41% |
| Working capital & other | $2.2M | $4.4M | −$2.2M | -49% |
| Net loss absorbed | $3.8M | $5.5M | −$1.7M | -31% |
| Operating cash flow | $949K | $1.3M | −$344K | -27% |
| Free cash flow (OCF − capex) | $576K | $1.0M | −$451K | -44% |
| Capital expenditures | $373K | $266K | $107K | +40% |
Questions
How much did Marimed's revenue grow year over year in Q1 2026?
Marimed's revenue rose $1.6M (+4%) from $37.9M in Q1 2025 to $39.5M in Q1 2026.
What drove Marimed's revenue change in Q1 2026?
Product sales - retail +$997K (+5%); Product sales - wholesale +$731K (+4%); Other revenue −$153K (-39%).