---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-266877"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:22:21.811716+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Green Thumb Q3 revenue $291.4M, up 1.6% YoY; adj. EBITDA $80.2M, 27.5% margin

## Summary
- Revenue $291.4M (+1.6% YoY); net income $23.3M ($0.10 EPS) including $13.6M one-time gain on IP sale.
- Adjusted EBITDA $80.2M (27.5% rev) vs $89.2M (31.1%) in Q3 2024; cash flow from ops $74.1M.
- Cash $226.2M; Board authorized $50M share repurchase through Sept 2026; $107M repurchased since late 2023.
- Comparable retail sales down 7.1% YoY; launched adult-use at 8 RISE dispensaries in Minnesota.
- Guidance: Q4 revenue flat to up single digits sequentially; cites price compression in key markets.

## SEC filing metadata
- accession: 0001193125-25-266877
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795139/000119312525266877/0001193125-25-266877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000119312525266877/gtbif-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-266877
- JSON: https://secwatch.observer/filing/0001193125-25-266877.json
- Plain text: https://secwatch.observer/filing/0001193125-25-266877.txt

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