---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-140452"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:52:59.421827+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Green Thumb Q1 revenue up 25% to $243M; net income $29M, launches NJ adult-use

## Summary
- Revenue $242.6M (+25% YoY), flat sequentially; net income $28.9M ($0.12/share) vs $10.4M ($0.05) YoY.
- Adjusted Op EBITDA $67M (28% rev) vs $71.4M (37%) YoY; decline due to inflation, talent costs, pricing headwinds.
- Cash flow from ops $55M (9th consecutive positive qtr); cash $175M at quarter end.
- Post quarter, NJ adult-use sales began Apr 21; RISE Bloomfield & Paterson among first stores.
- Gross margin 51% vs 57% YoY; SG&A improved to 28% of revenue from 31%.

## SEC filing metadata
- accession: 0001193125-22-140452
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795139/000119312522140452/0001193125-22-140452-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000119312522140452/d353475d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-140452
- JSON: https://secwatch.observer/filing/0001193125-22-140452.json
- Plain text: https://secwatch.observer/filing/0001193125-22-140452.txt

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