Business
Trulieve Reports Fourth Quarter and Full Year 2025 Results with 60% Gross Margin and Record Cash Flow Generation
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the fourth quarter and full year ended December 31, 2025. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles (GAAP), unless otherwise indicated. Numbers may not sum perfectly due to rounding.
About this update from Trulieve Cannabis Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"Full year revenue of $1.2 billion, with 60% gross margin ","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Record 2025 cash flow from operations of $273 million and free cash flow of $229 million*","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Record 50.1 million branded product units sold in 2025, up 5% compared to last year","length":83,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":228,"olType":false},{"type":"text","content":"TALLAHASSEE, Fla., Feb. 26, 2026 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the fourth quarter and full year ended December 31, 2025. Results are reported in U.S. dollars and in accordance with U.S. Generally Accepted Accounting Principles (GAAP), unless otherwise indicated. Numbers may not sum perfectly due to rounding.","length":493,"tagName":"p"},{"type":"image","alt":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","displaySize":"","headline":null,"caption":"Trulieve logo (PRNewsfoto/Trulieve Cannabis Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":257,"url":"https://media.zenfs.com/en/cnwgroup.com/7d6a1aaddff80bfd774237fb96448085"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zx60UivjgPJ7cg0NcfCImQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ1MztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/7d6a1aaddff80bfd774237fb96448085","width":400,"height":257}},"href":"https://mma.prnewswire.com/media/1720011/Trulieve_LogoV1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"2025 Full Year Financial and Operational Highlights*","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $1.2 billion, with 94% of revenue from retail sales.","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Achieved gross margin of 60%, with GAAP gross profit of $711 million.","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported net loss attributable to common shareholders of $116 million. Adjusted net loss of $27 million* excludes non-recurring charges, asset impairments, disposals and discontinued operations.","length":194,"tagName":"p"}]}...