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Trulieve Cannabis (TCNNF)
OTHER OTC:TCNNF
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.17Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial accomplishments — record adjusted EBITDA, industry-leading gross margins (60%), robust operating cash flow ($273M), significant wholesale growth (+23%), branded product momentum (50M units sold) and meaningful customer engagement and loyalty gains. These positives were balanced against near-term headwinds: retail pricing compression, softer consumer behavior that produced a Q4 revenue decline (-3% YoY) and a full-year net loss ($160M), plus tax and regulatory uncertainties (Florida ballot, pending Texas license, 280E UTP). Management emphasized cash generation, balance sheet actions and strategic investments (Project Hyper, store refreshes, Texas build-out) to sustain momentum. Overall, the highlights — strong margins, cash flow, debt reduction, and scale — substantially outweigh the lowlights tied mainly to near-term top-line pressure and regulatory timing risks.Company Guidance
Full-Year Revenue and Units Sold
Full year revenue of $1.2 billion (comparable to 2024) with traffic and units sold up 5% each; record units sold for the year.
Strong Gross Margins
Full year and fourth quarter gross margin of 60%, driven by operational efficiencies, lower production costs and disciplined promotional activity.
Record Adjusted EBITDA and Margins
Record adjusted EBITDA of $427 million, up ~1% year-over-year, representing a ~36% adjusted EBITDA margin for the year.
Robust Cash Generation and Balance Sheet Actions
Full year operating cash flow of $273 million (exceeding $250M target); ended year with $256 million in cash after retiring over $368 million of senior notes and completing $140M private placement (plus $60M raised post-year).
Wholesale Revenue Growth
Wholesale revenue grew 23% in 2025, driven by strength in Maryland and Pennsylvania and ramp in Ohio via production partner sales of branded products.
Branded Product and SKU Momentum
Sold over 50 million branded product units in 2025; launched 175+ new SKUs including Roll One Clutch (sold over 200,000 units in Florida in Q4) with positive initial sell-through in new markets.
Customer Engagement & Loyalty
Rewards program reached 915,000 members (Q4 growth +12%); rewards members spend ~2.5x more and comprised 78% of Q4 transactions; mobile app launched in Florida with 115,000+ downloads and 3.5 million user sessions in first 90 days.
Scale of Retail and Production Footprint
Exiting 2025 with 233 retail locations and over 4 million square feet of production capacity; plans to add at least 5 new retail locations, complete 5 relocations and refresh ~45 stores in 2026.
TCNNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TCNNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $6.40 | $6.50 | +1.56% |
Nov 05, 2025 | $6.62 | $6.77 | +2.27% |
Aug 06, 2025 | $5.55 | $5.28 | -4.86% |
May 07, 2025 | $4.47 | $4.36 | -2.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trulieve Cannabis (TCNNF) report earnings?
Trulieve Cannabis (TCNNF) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Trulieve Cannabis (TCNNF) earnings time?
Trulieve Cannabis (TCNNF) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TCNNF EPS forecast?
TCNNF EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.