GREEN THUMB INDUSTRIES INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.14B | $1.05B | $1.02B | $893.6M | $556.6M | $216.4M | $62.5M |
| Cost of Revenue | $600.4M | $536.0M | $528.1M | $513.4M | $401.6M | $252.4M | $109.4M | $34.2M |
| Gross Profit | $574.9M | $601.1M | $526.5M | $504.0M | $491.9M | $304.2M | $107.0M | $28.3M |
| Gross Margin | 48.9% | 52.9% | 49.9% | 49.5% | 55.1% | 54.7% | 49.5% | 45.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $437.2M | $376.7M | $341.9M | $294.4M | $277.1M | $198.1M | $134.7M | $54.7M |
| Operating Income | $137.7M | $224.4M | $184.6M | $121.1M | $214.8M | $106.1M | $-27.7M | $-26.3M |
| Operating Margin | 11.7% | 19.7% | 17.5% | 11.9% | 24.0% | 19.1% | -12.8% | -42.1% |
| Interest Expense | — | — | $19.1M | $21.2M | $22.0M | $18.7M | $13.7M | $2.3M |
| Pretax Income | $263.4M | $200.1M | $156.0M | $108.4M | $205.0M | $102.9M | $-50.2M | $29.8M |
| Income Tax Expense | $147.3M | $126.3M | $118.6M | $94.8M | $124.6M | $83.9M | $9.3M | $7.2M |
| Net Income | $114.2M | $73.1M | $36.3M | $12.0M | $75.4M | $15.0M | $-59.1M | $-5.2M |
| Net Margin | 9.7% | 6.4% | 3.4% | 1.2% | 8.4% | 2.7% | -27.3% | -8.4% |
| EPS (Basic) | $0.49 | $0.31 | $0.15 | $0.05 | $0.34 | $0.07 | $-0.31 | $-0.04 |
| EPS (Diluted) | $0.48 | $0.30 | $0.15 | $0.05 | $0.33 | $0.07 | $-0.31 | $-0.04 |
| Shares Outstanding (Basic) | 233.9M | 236.8M | 237.9M | 236.7M | 223.2M | 211.0M | 190.6M | 130.1M |
| Shares Outstanding (Diluted) | 236.9M | 241.9M | 239.8M | 238.1M | 226.8M | 212.5M | 190.6M | 130.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |