Planet 13 Holdings (TSE:PLTH)
:PLTH
Earnings Data
Report Date
May 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful operational stabilization and margin recovery in Q4—total revenue grew ~8% sequentially, gross margin rebounded to 44.6%, adjusted EBITDA improved materially (from a $4.1M loss to a $0.3M loss), Nevada wholesale momentum rose 38% sequentially, and DAZED!/retail initiatives are driving customer engagement. Strategic actions (California exit, Nevada cultivation consolidation, completed BHO lab capex) plus regulatory catalysts (Clark County hemp restrictions and potential federal rescheduling) position the company for improving cash flow and profitability in 2026. Offsets include lingering tourism headwinds in Las Vegas, residual near-term losses (small Q1 2026 loss expected), CA exit reducing revenue run-rate ($2.5M–$3M/quarter), pending BHO approvals timing, and Florida ballot uncertainty. Overall, the positives—clear operational progress, margin improvement, portfolio cleanup and regulatory tailwinds—outweigh the remaining execution and macro/regulatory risks, supporting a constructive outlook for 2026.Company Guidance
Sequential Revenue Growth
Total revenue rose to $25.2M in Q4 from $23.3M in Q3, an approximately 8% sequential increase, with combined SuperStore + neighborhood retail at $23.2M versus $21.3M in Q3 (~9% sequential improvement).
Gross Margin Recovery
Q4 gross profit was $11.2M with a gross margin of 44.6%, recovering from a heavily impacted 21.3% in Q3 (Q3 included a $3.5M inventory reserve), returning margins to expected operating levels.
Adjusted EBITDA Trajectory
Adjusted EBITDA narrowed from a $4.1M loss in Q3 to a $0.3M loss in Q4, a $3.8M sequential improvement, and management expects positive EBITDA for full-year 2026 (small Q1 loss expected due to residual CA impact).
Nevada Wholesale Momentum
Nevada wholesale revenue increased 38% sequentially (Q4 vs Q3), reflecting benefits from hotels team restructuring and cultivation footprint consolidation.
Florida Performance and Store Expansion
Neighborhood network produced $14.0M in revenue with Florida contributing $10.3M (this figure includes a one-time loyalty accrual adjustment). Excluding that one-time item and California, remaining neighborhood stores in FL/IL/NV showed ~8% sequential growth. Two dispensaries opened in Q4 (Pace and the I-4 corridor) and two additional stores (Sarasota, St. Pete) are under contract and expected online soon.
Capital and Cash Position Stabilization
Ended Q4 with $15.6M in cash and restricted cash. Major capital projects (BHO lab) are complete and management does not anticipate meaningful CapEx in 2026, supporting cash flow improvement expectations.
Product and Retail Experience Wins (DAZED! & SuperStore Enhancements)
DAZED! continues to outperform plans with ~25%+ revenue growth versus last year at the facility. SuperStore enhancements (museum control, entertainment negotiations, restaurant re-opening, marketing rework, social/photo ops) are driving improved engagement and local traffic initiatives.
Regulatory Tailwinds
Clark County ordinance targeting intoxicating hemp retailers on the Strip (effective in ~120 days) and federal executive action supporting rescheduling (which could remove 280E tax burden) are material potential tailwinds for margins, competitive balance and tax/earnings upside.
TSE:PLTH 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
TSE:PLTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 25, 2026 | C$0.21 | ― | ― |
Nov 12, 2025 | C$0.27 | C$0.24 | -9.43% |
Aug 13, 2025 | C$0.58 | C$0.42 | -27.59% |
May 14, 2025 | C$0.37 | C$0.38 | +2.70% |
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 May 19, 2026, Before Open (Confirmed).
What is Planet 13 Holdings (TSE:PLTH) earnings time?
Planet 13 Holdings (TSE:PLTH) earnings time is at May 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:PLTH EPS forecast?
TSE:PLTH EPS forecast for the fiscal quarter 2026 (Q1) is -0.02.