---
schema_version: "secwatch.filing_event.v1"
accession: "0001522767-25-000048"
form_type: "8-K"
ticker: "MRMD"
cik: "0001522767"
company_name: "MARIMED INC."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:50:38.036534+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MariMed Q1 revenue flat at $38.0M; net loss widens to $5.4M from $1.3M YoY

## Summary
- Revenue of $38.0M flat vs $37.9M a year ago; GAAP gross margin fell to 40% from 43%.
- GAAP net loss of $5.4M widened from $1.3M loss; Non-GAAP net loss $3.8M vs $0.6M.
- Non-GAAP Adjusted EBITDA dropped to $2.6M (7% margin) from $4.7M (12% margin).
- Wholesale sales rose to 44% of revenue; 70 new storefronts added; Betty's Eddies top edible in MA, MD, DE.
- Management cites soft retail quarter, ramp-up costs in IL and MO; eyes M&A, licensing, hemp entry.

## SEC filing metadata
- accession: 0001522767-25-000048
- form_type: 8-K
- ticker: MRMD
- cik: 0001522767
- company_name: MARIMED INC.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1522767/000152276725000048/0001522767-25-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522767/000152276725000048/mrmd-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001522767-25-000048
- JSON: https://secwatch.observer/filing/0001522767-25-000048.json
- Plain text: https://secwatch.observer/filing/0001522767-25-000048.txt

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