---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-009790"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:02:59.977742+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Planet 13 Q4 revenue $25.2M, net loss $4.6M; full-year loss widens to $63.9M

## Summary
- Q4 revenue $25.2M, down 16.7% YoY; full-year revenue $103.4M, down 11.2%.
- Q4 net loss $4.6M vs $26.4M (incl. $18.9M impairment) last year; adjusted EBITDA loss $0.3M.
- Full-year net loss $63.9M vs $47.8M; includes $29.8M non-cash impairment charges.
- Cash dropped to $15.6M from $23.4M; total liabilities rose to $101.2M from $94.0M.
- Opened two Florida dispensaries in Oct 2025; completed exit from California in Feb 2026.

## SEC filing metadata
- accession: 0001437749-26-009790
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2026-03-25T23:59:59+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/1813452/000143774926009790/0001437749-26-009790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774926009790/plnh20251123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-009790
- JSON: https://secwatch.observer/filing/0001437749-26-009790.json
- Plain text: https://secwatch.observer/filing/0001437749-26-009790.txt

## Key facts
- Earnings Releases
  Planet 13 Holdings Inc. reported the full year ended December 31, 2025 results: revenue $103.4 million, net income Net loss of $63.9 million.
  - Period: the full year ended December 31, 2025
  - Revenue: $103.4 million
  - Net income: Net loss of $63.9 million
  - Result: reported results
  source text: Revenues were $103.4 million as compared to $116.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774926009790/0001437749-26-009790-index.htm
- Earnings Releases
  Planet 13 Holdings Inc. reported the three-month and twelve-month periods ended December 31, 2025 results: revenue $25.2 million, net income Net loss of $4.6 million.
  - Period: the three-month and twelve-month periods ended December 31, 2025
  - Revenue: $25.2 million
  - Net income: Net loss of $4.6 million
  - Result: reported results
  source text: Planet 13 Announces Q4 2025 Financial Results ● Q4 2025 Revenue of $25.2 million ● Q4 2025 Net loss of $4.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774926009790/0001437749-26-009790-index.htm

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