---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-016788"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2026-05-13T21:27:04+00:00"
generated_at: "2026-05-13T21:28:42.146408+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Planet 13 Q1 revenue drops 24.8% to $21.1M; net loss widens to $8.1M

## Summary
- Revenue $21.1M vs $28.0M YoY, driven by California exit and price compression in Nevada and Florida.
- Net loss $8.1M vs $2.0M YoY; Adjusted EBITDA loss $2.3M vs $2.5M YoY.
- Gross margin improved to 44.6% from 42.8% on California exit and cost actions; operating expenses down 22.6%.
- Completed exit from California in February 2026; appointed Nancy Saitta and Leilani Bradford to board in May.
- Cash and restricted cash $16.3M vs $15.6M at year-end 2025.

## SEC filing metadata
- accession: 0001437749-26-016788
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2026-05-13T21:27:04+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/1813452/000143774926016788/0001437749-26-016788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774926016788/plnh20260406_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-016788
- JSON: https://secwatch.observer/filing/0001437749-26-016788.json
- Plain text: https://secwatch.observer/filing/0001437749-26-016788.txt

## Key facts
- Earnings Releases
  Planet 13 Holdings Inc. reported first quarter ended March 31, 2026 results: revenue $21.1 million, net income $8.1 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $21.1 million
  - Net income: $8.1 million
  - Result: reported results
  source text: Planet 13 Announces Q1 2026 Financial Results ● Q1 2026 Revenue of $21.1 million ● Q1 2026 Net loss of $8.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774926016788/0001437749-26-016788-index.htm

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