---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-065622"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:41:37.980685+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Green Thumb Q1 2025: Revenue $280M (+1%), net income $8.3M vs $31.1M prior year

## Summary
- Revenue $280M (+1% YoY); GAAP net income $8.3M ($0.04 per share) vs $31.1M ($0.13) in Q1 2024.
- Adjusted EBITDA $85.2M (30.5% of revenue) down from $90.5M (32.8%) in Q1 2024.
- Cash flow from operations $74M; cash balance $211M.
- Comparable store sales down 5.3%; opened two new RISE dispensaries in Nevada and Ohio.
- Management cites pricing compression, increased competition, and consumer softness as headwinds.

## SEC filing metadata
- accession: 0000950170-25-065622
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795139/000095017025065622/0000950170-25-065622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000095017025065622/gtbif-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-065622
- JSON: https://secwatch.observer/filing/0000950170-25-065622.json
- Plain text: https://secwatch.observer/filing/0000950170-25-065622.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.