Filing Flows › Planet 13 Holdings (PLNH) › Q1 2026 › vs Q4 2025
Planet 13 Holdings (PLNH) Q1 2026 vs Q4 2025 (quarter over quarter)
Planet 13 Holdings's revenue fell $4.1M (-16%) from $25.2M in Q4 2025 to $21.1M in Q1 2026. The biggest changes: Retail −$2.9M (-13%); Wholesale −$1.2M (-57%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Retail | $20.2M | $23.1M | −$2.9M | -13% |
| Wholesale | $920K | $2.1M | −$1.2M | -57% |
| Revenue | $21.1M | $25.2M | −$4.1M | -16% |
| Net loss | $8.1M | $4.6M | $3.5M | +75% |
| Costs & expenses | $29.2M | $29.8M | −$654K | -2% |
| Operating costs | $25.0M | $25.7M | −$670K | -3% |
| Income tax | $4.2M | $4.2M | $16K | +0.4% |
| Cost of revenue | $11.7M | $14.0M | −$2.3M | -16% |
| Operating cash sources | $8.1M | $4.6M | $3.5M | +75% |
| Depreciation | $2.2M | $2.4M | −$138K | -6% |
| Share-based compensation | $694K | $1.2M | −$468K | -40% |
| Working capital & other | $5.0M | −$2.5M | $7.5M | — |
| Cash used in operations | $173K | $3.6M | −$3.4M | -95% |
| Net loss absorbed | $8.1M | $4.6M | $3.5M | +75% |
Questions
How much did Planet 13 Holdings's revenue grow quarter over quarter in Q1 2026?
Planet 13 Holdings's revenue fell $4.1M (-16%) from $25.2M in Q4 2025 to $21.1M in Q1 2026.
What drove Planet 13 Holdings's revenue change in Q1 2026?
Retail −$2.9M (-13%); Wholesale −$1.2M (-57%).