Filing Flows › Planet 13 Holdings (PLNH) › Q2 2026 › vs Q2 2025
Planet 13 Holdings (PLNH) Q2 2026 vs Q2 2025 (year over year)
Planet 13 Holdings's revenue fell $4.0M (-15%) from $26.9M in Q2 2025 to $22.9M in Q2 2026. The biggest changes: Wholesale −$2.1M (-79%); Retail −$1.9M (-8%).
Planet 13 Holdings, Q2 2026: revenue $22.9M (-15% year over year), operating margin -11.9%, net loss $5.6M, operating cash flow $602K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.8% | -13.0% | +13.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Retail | $22.3M | $24.2M | −$1.9M | -8% |
| Wholesale | $563K | $2.7M | −$2.1M | -79% |
| Revenue | $22.9M | $26.9M | −$4.0M | -15% |
| Net loss | $5.6M | $13.3M | −$7.7M | -58% |
| Costs & expenses | $28.4M | $40.2M | −$11.7M | -29% |
| Operating costs | $25.6M | $33.7M | −$8.2M | -24% |
| Income tax | $2.9M | $6.4M | −$3.6M | -55% |
| Cost of revenue | $10.5M | $15.2M | −$4.7M | -31% |
| Sales & marketing | $1.3M | $1.6M | −$301K | -18% |
| General & admin | $11.3M | $13.6M | −$2.3M | -17% |
| Other operating costs | $2.4M | $3.3M | −$883K | -27% |
| Operating cash sources | $6.2M | $12.1M | −$5.9M | -49% |
| Depreciation | $2.2M | $3.2M | −$1.0M | -32% |
| Share-based compensation | $661K | $497K | $164K | +33% |
| Working capital & other | $3.3M | $8.4M | −$5.0M | -60% |
| Net loss absorbed | $5.6M | $13.3M | −$7.7M | -58% |
| Operating cash flow | $602K | −$1.2M | $1.8M | — |
| Free cash flow (OCF − capex) | $179K | −$3.5M | $3.7M | — |
| Capital expenditures | $423K | $2.3M | −$1.9M | -81% |
Questions
How much did Planet 13 Holdings's revenue grow year over year in Q2 2026?
Planet 13 Holdings's revenue fell $4.0M (-15%) from $26.9M in Q2 2025 to $22.9M in Q2 2026.
What drove Planet 13 Holdings's revenue change in Q2 2026?
Wholesale −$2.1M (-79%); Retail −$1.9M (-8%).