---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-134391"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:27:00.079075+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 2% to $249M; net income falls to $9M from $28.9M

## Summary
- Revenue of $248.5M, up 2.4% YoY; retail revenue up 9.4% and comparable sales up 6.3% on 73 stores.
- GAAP net income $9.1M ($0.04 per share) vs $28.9M ($0.12) prior year; margin decline from price compression.
- Adjusted EBITDA $76.2M (30.7% of revenue) up 14% YoY from $67.0M (27.6%).
- Cash from operations $75M; cash balance $185M providing optionality for investments.
- SG&A increased to $80.5M (32.4% of revenue) from $68.4M (28.2%) due to prior year acquisition credit.

## SEC filing metadata
- accession: 0001193125-23-134391
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2023-05-03T23:59:59+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/1795139/000119312523134391/0001193125-23-134391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000119312523134391/d241369d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-134391
- JSON: https://secwatch.observer/filing/0001193125-23-134391.json
- Plain text: https://secwatch.observer/filing/0001193125-23-134391.txt

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