10-Q · May 6, 2026
Green Thumb Industries reported Q1 2026 results with revenue of $300.2 million, slightly above expectations, and EPS of $0.07, outperforming estimates significantly. The company experienced notable year-on-year growth…
Earnings analysis · 10-Q
GTBIF earnings analysis
Filed August 4, 2026 · Our reading of the company's report
The latest report
Green Thumb delivered Q2 revenue of $306.683 million, up 4.6% year over year, and EPS of $0.02, above the supplied $0.01 consensus. The key offset was gross margin declining to 45.0% from 49.9%, a 490-basis-point…
Read full summary
Green Thumb delivered Q2 revenue of $306.683 million, up 4.6% year over year, and EPS of $0.02, above the supplied $0.01 consensus. The key offset was gross margin declining to 45.0% from 49.9%, a 490-basis-point contraction. The filing also shows sizable shareholder returns, with 13.439 million shares repurchased during the first half and $62.3 million of remaining authorization, but it provides no formal numeric forward guidance.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.02
- Gross margin
- 45.0%
What stood out
-
Revenue grew 4.6% and beat consensus
Second-quarter revenue was $306.683 million, up 4.6% year over year and above the $299.990 million consensus estimate supplied with the earnings row.
-
EPS exceeded consensus
Reported EPS was $0.02, exceeding the $0.01 consensus estimate supplied with the earnings row.
-
Large repurchase program expansion
The company repurchased 13,438,787 Subordinate Voting Shares during the first six months of 2026 at an average price of $5.78 per share. The Board expanded repurchase authorization to $150.0 million on April 21, 2026.
-
Meaningful buyback capacity remains
Approximately $62.3 million remained available under the repurchase program at June 30, 2026.
What to watch
-
Gross-margin compression
Gross margin was 45.0%, down 490 basis points from 49.9% in the prior-year quarter, indicating substantial profitability pressure despite 4.6% revenue growth.
-
Continued capital deployment to buybacks
The company used capital for 13,438,787 share repurchases at $5.78 per share in the first six months, while $62.3 million of authorization remained at June 30, 2026; further buybacks could reduce liquidity available for operations or investment.
-
No updated risk-factor disclosure
Item 1A contains no newly enumerated quarterly risk-factor changes and instead refers investors to the risk factors in the 2025 Form 10-K. Accordingly, this 10-Q does not add quantified new risk disclosures.
Management's outlook
The 10-Q does not provide formal quantitative revenue or EPS guidance. Management’s outlook is deferred to other communications; no numeric forward targets were disclosed in the filing.
Earlier filings 4
10-K · February 25, 2026
Green Thumb Industries reported solid financial results for 2025, with total revenues reaching $1,175 million, a 3% increase from the prior year. The company achieved net income of $114 million, a 56% year-over-year…
10-Q · November 5, 2025
Green Thumb Industries Inc. (GTBIF) reported third-quarter revenues of $291.37 million, slightly exceeding expectations of $290.66 million. Earnings per share matched estimates at $0.04, indicating stable performance…
10-Q · August 7, 2025
Green Thumb Industries reported a solid Q2 2025 with actual EPS of $0.05 surpassing estimates of $0.03 by 66.67%, and revenue of $293.3 million exceeding expectations of $280.5 million, marking a surprise of 4.56%. The…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.