---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-332761"
form_type: "8-K"
ticker: "GTBIF"
cik: "0001795139"
company_name: "Green Thumb Industries Inc."
filed_at: "2026-08-04T20:05:16+00:00"
generated_at: "2026-08-04T20:06:34.585476+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Green Thumb Q2 revenue $306.7M (+4.6% YoY); GAAP net income $4.9M vs loss; Normalized EBITDA $84.3M

## Summary
- Revenue $306.7M, up 4.6% YoY; GAAP net income $4.9M ($0.02/share) vs net loss of $0.6M in prior year.
- Normalized EBITDA $84.3M (27.5% of revenue) vs $82.7M (28.2% of revenue) in Q2 2025; cash flow from operations $29.0M.
- Gross margin declined to 45.0% from 49.9% due to RYTHM brand licensing fees and price compression; SG&A rose to 38.4% from 36.4% on compensation changes.
- Repurchased ~7.9M shares for $48.3M at avg $6.11; cash at quarter end $283.6M.
- Virginia authorized adult-use sales starting July 1, 2027; launched adult-use in Paramus, NJ; opened new dispensary in PA.

## SEC filing metadata
- accession: 0001193125-26-332761
- form_type: 8-K
- ticker: GTBIF
- cik: 0001795139
- company_name: Green Thumb Industries Inc.
- filed_at: 2026-08-04T20:05:16+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795139/000119312526332761/0001193125-26-332761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795139/000119312526332761/gtbif-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-332761
- JSON: https://secwatch.observer/filing/0001193125-26-332761.json
- Plain text: https://secwatch.observer/filing/0001193125-26-332761.txt

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