Filing Flows › Planet 13 Holdings (PLNH) › Q2 2026
Planet 13 Holdings (PLNH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
Planet 13 Holdings (PLNH) reported revenue of $22.9M for the second quarter 2026 (Q2 2026), -15% from a year earlier and +8% from the quarter before. Operating margin was -11.9%, net loss $5.6M (24.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.9M | +8% | -15% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$5.6M | — | — |
| Operating cash flow | $602K | — | — |
| Free cash flow | $179K | — | — |
What changed
Revenue was $22.9M in Q2 2026, down 15% year over year and up 8% from the previous quarter. Retail was the largest line at 98% of revenue. Wholesale lost $2.1M year over year (down 79%), 52% of the total change.
Gross margin was 53.9%, up 10.5 points from Q2 2025. Operating costs exceeded revenue by $2.7M, an operating margin of -11.9%. Operating expenses fell 19% while revenue fell 15%. The quarter ended with a net loss of $5.6M, narrower than the previous quarter's $8.1M loss.
Operating cash flow was $602K. Non-cash charges added back $2.2M of depreciation and $661K of share-based compensation. Working capital and other items added $3.3M. Capital expenditures of $423K left free cash flow of $179K.
Questions
What was Planet 13 Holdings' revenue in the second quarter 2026?
Planet 13 Holdings (PLNH) reported revenue of $22.9M for the second quarter 2026 (Q2 2026), -15% from a year earlier and +8% from the quarter before.
Was Planet 13 Holdings profitable in the second quarter 2026?
Operating loss was $2.7M (-11.9% of revenue) and net loss $5.6M.
Source: Planet 13 Holdings 10-Q on SEC EDGAR.