Filing Flows › Planet 13 Holdings (PLNH) › Q1 2026 › vs Q1 2025
Planet 13 Holdings (PLNH) Q1 2026 vs Q1 2025 (year over year)
Planet 13 Holdings's revenue fell $6.9M (-25%) from $28.0M in Q1 2025 to $21.1M in Q1 2026. The biggest changes: Retail −$4.5M (-18%); Wholesale −$2.5M (-73%).
Planet 13 Holdings, Q1 2026: revenue $21.1M (-25% year over year), operating margin -18.5%, net loss $8.1M, operating cash flow −$173K. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Retail | $20.2M | $24.6M | −$4.5M | -18% |
| Wholesale | $920K | $3.4M | −$2.5M | -73% |
| Revenue | $21.1M | $28.0M | −$6.9M | -25% |
| Net loss | $8.1M | $2.0M | $6.0M | +295% |
| Costs & expenses | $29.2M | $30.1M | −$891K | -3% |
| Operating costs | $25.0M | $29.8M | −$4.8M | -16% |
| Income tax | $4.2M | $234K | $4.0M | 18× |
| Cost of revenue | $11.7M | $16.0M | −$4.3M | -27% |
| Operating cash sources | $8.1M | $2.0M | $6.0M | +295% |
| Depreciation | $2.2M | $3.1M | −$858K | -28% |
| Share-based compensation | $694K | $60K | $634K | 12× |
| Working capital & other | $5.0M | −$6.3M | $11.3M | — |
| Cash used in operations | $173K | $5.2M | −$5.0M | -97% |
| Net loss absorbed | $8.1M | $2.0M | $6.0M | +295% |
Questions
How much did Planet 13 Holdings's revenue grow year over year in Q1 2026?
Planet 13 Holdings's revenue fell $6.9M (-25%) from $28.0M in Q1 2025 to $21.1M in Q1 2026.
What drove Planet 13 Holdings's revenue change in Q1 2026?
Retail −$4.5M (-18%); Wholesale −$2.5M (-73%).