Trulieve Q1 2026: Revenue $287M, Net Income $2M, Adjusted EBITDA $100M, Gross Margin 59%

Trulieve Cannabis Corp.

Q1 revenue $287M; gross margin 59% ($170M gross profit); 92% of revenue from retail sales.
Positive GAAP net income $2M; adjusted net income $20M; adjusted EBITDA $100M (35% of revenue).
Cash from operations $56M, free cash flow $42M; cash at quarter end $353M.
Closed $60M private placement of senior secured notes due 2030.
Opened three new Florida dispensaries; rewards program reached 1M members; DEA registration enabled by Schedule III rescheduling.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Trulieve Cannabis Corp. reported first quarter ended March 31, 2026 results: revenue $287 million, net income $2 million.

Period: first quarter ended March 31, 2026
Revenue: $287 million
Net income: $2 million
Result: reported results

Exact text from the filing

as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Trulieve Reports Profitable First Quarter 2026 Results Bolstered by Margins and Cash Flow Generation • First quarter revenue of $287 million, with 59% gross margin • Positive net income of $2 million and Adjusted EBITDA of $100 million* • Rescheduling of medical marijuana to Schedule III enabled applications for DEA

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Source: SEC EDGAR

accession 0001754195-26-000030

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