Filing Flows › Planet 13 Holdings (PLNH) › Q4 2024
Planet 13 Holdings (PLNH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Planet 13 Holdings (PLNH) reported revenue of $30.3M for the fourth quarter 2024 (Q4 2024), +32% from a year earlier and -6% from the quarter before. Operating margin was -83.0%, net loss $26.4M (87.3% of revenue).
Planet 13 Holdings, Q4 2024: revenue $30.3M (+32% year over year), operating margin -83.0%, net loss $26.4M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.3M | -6% | +32% |
| Operating profit | −$25.1M | — | — |
| Net earnings | −$26.4M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $30.3M in Q4 2024, up 32% year over year and down 6% from the previous quarter. Retail was the largest line at 88% of revenue.
Gross margin was 43.2%, down 4.6 points from a year earlier. Operating costs exceeded revenue by $25.1M, an operating margin of -83.0%. Operating expenses grew 80% against revenue growth of 32%. The fastest-growing cost line was Other operating costs (+105%). The quarter ended with a net loss of $26.4M, wider than the previous quarter's $7.4M loss.
Operating cash flow was −$1.4M. Non-cash charges added back $3.6M of depreciation and $25K of share-based compensation. Working capital and other items added $21.4M. Capital expenditures of $2.6M exceeded it, leaving free cash flow of −$4.0M.
Questions
What was Planet 13 Holdings' revenue in the fourth quarter 2024?
Planet 13 Holdings (PLNH) reported revenue of $30.3M for the fourth quarter 2024 (Q4 2024), +32% from a year earlier and -6% from the quarter before.
Was Planet 13 Holdings profitable in the fourth quarter 2024?
Operating loss was $25.1M (-83.0% of revenue) and net loss $26.4M.
Source: Planet 13 Holdings 10-K on SEC EDGAR.