Planet 13 Holdings Reports Q2 2025 Financial Results

Planet 13 Holdings, Inc. ( (PLNH) ) has released its Q2 earnings. Here is a breakdown of the information Planet 13 Holdings, Inc. presented to its investors.

Planet 13 Holdings, Inc. is a vertically-integrated multi-state cannabis company known for its award-winning cultivation, production, and dispensary operations, including the nation’s largest dispensary located in Las Vegas. The company operates in several states, including California, Nevada, Illinois, and Florida, focusing on delivering high-quality cannabis experiences.

In its latest earnings report for the second quarter of 2025, Planet 13 Holdings reported a revenue of $26.9 million, reflecting a 13.6% decrease compared to the same period in the previous year. The company faced a net loss of $13.3 million and an adjusted EBITDA loss of $2.4 million, highlighting the challenging operating environment and increased competition in key markets.

Key financial metrics revealed a decline in gross profit to $11.7 million, with a gross margin of 43.4%, down from 50.9% in the previous year. The company implemented cost-saving measures, resulting in a 4.6% reduction in total expenses. Despite these efforts, the net loss increased significantly from $8.1 million in the previous year, and the adjusted EBITDA swung from a positive $3.2 million to a negative $2.4 million.

Planet 13 continued its strategic expansion with the opening of new dispensaries in Florida and the launch of a revamped loyalty program. The company also saw a change in its financial leadership with the appointment of an interim CFO. Despite the current financial challenges, Planet 13 remains committed to operational discipline and strategic pricing to enhance its competitive position.

Looking ahead, Planet 13’s management is optimistic about the long-term benefits of its cost reduction efforts and strategic initiatives. The company aims to improve its financial performance while maintaining its commitment to quality and customer service, positioning itself for future growth in the evolving cannabis market.