The earnings call reflects a challenging quarter with notable revenue declines and strategic setbacks, particularly in Nevada and California. However, there are positive signs of recovery and strategic adjustments, especially in Florida and Illinois, indicating potential for future improvement.

Company Guidance

During the Planet 13 Q3 2025 Financial Results Conference Call, the company provided guidance on its strategic repositioning and financial performance. In Q3, the SuperStore, including DAZED!, generated $9.8 million, with a notable shift in customer demographics to a 50-50 split between tourists and locals due to a decline in tourist volume. The neighborhood store network delivered $11.3 million, with Florida contributing $7.6 million. October showed promise with a 5% month-over-month revenue increase, indicating initial success in strategic adjustments. Wholesale revenue saw a decline, attributed to the winding down of California operations and softer Nevada market conditions. The company reported a gross profit of $5 million with a gross margin of 21.3%, adversely affected by a $1.1 million impact from discounted inventory sales in California and a $3.5 million inventory reserve in Florida. However, excluding these impacts, the gross margin would have been approximately 45%. Adjusted EBITDA loss stood at $4.1 million. The company expects stronger performance in Q4, driven by higher quality products in Florida and the operational BHO lab by year-end, alongside benefits from exiting California. As of September 30, 2025, Planet 13 had $17.2 million in cash and $10.6 million in short-term debt. The company aims to focus on profitability, operational efficiency, and capital efficiency moving forward.

Improved Local Traffic and Tourist Recovery

Efforts to attract more local traffic in Las Vegas showed progress, with local sales doubling in Q3. October revenue increased by 5% month-over-month, indicating early signs of tourism recovery.

Florida Operations Improvement

Florida saw an 8% increase in October sales compared to the Q3 monthly average, driven by better flower quality and customer reacquisition.

Positive Performance in Illinois

Illinois operations experienced a 9% sequential revenue increase from Q2, contributing positively to overall performance.

Operational Efficiency and Cost Reduction

Sales and marketing expenses decreased by 24% sequentially, and G&A expenses declined by 14% as part of efforts to enhance operational efficiency.

Completion of BHO Lab in Florida

The BHO lab is set to be operational by year-end, expanding the product portfolio and expected to drive further revenue growth in Florida.

Planet 13 Holdings (TSE:PLTH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:PLTH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 31, 2026	2025 (Q4)	-0.03 / -	-0.115	―	―	―
Nov 12, 2025	2025 (Q3)	-0.03 / -0.20	-0.028	-600.00% (-0.17)	―
Aug 13, 2025	2025 (Q2)	-0.03 / -0.06	-0.041	-34.15% (-0.01)	―
May 14, 2025	2025 (Q1)	-0.03 / -0.01	-0.041	65.85% (+0.03)	―
Mar 26, 2025	2024 (Q4)	-0.01 / -0.12	-0.095	-21.05% (-0.02)	―
Nov 08, 2024	2024 (Q3)	-0.01 / -0.03	-0.289	90.31% (+0.26)	―
Aug 08, 2024	2024 (Q2)	-0.03 / -0.04	-0.027	-51.85% (-0.01)	―
May 09, 2024	2024 (Q1)	-0.03 / -0.04	-0.04	-2.50% (>-0.01)	―
Mar 13, 2024	2023 (Q4)	-0.16 / -0.10	-0.248	61.69% (+0.15)	―
Nov 08, 2023	2023 (Q3)	-0.03 / -0.29	-0.04	-622.50% (-0.25)	―

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

TSE:PLTH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2025	C$0.27	―	―
Aug 13, 2025	C$0.58	C$0.42	-27.59%
May 14, 2025	C$0.37	C$0.38	+2.70%
Mar 26, 2025	C$0.41	C$0.41	-1.20%

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 Planet 13 Holdings (TSE:PLTH) report earnings?

Planet 13 Holdings (TSE:PLTH) is schdueled to report earning on Mar 31, 2026, Before Open (Confirmed).

What is Planet 13 Holdings (TSE:PLTH) earnings time?

Planet 13 Holdings (TSE:PLTH) earnings time is at Mar 31, 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 TSE:PLTH EPS forecast?

TSE:PLTH EPS forecast for the fiscal quarter 2025 (Q4) is -0.03.

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