Trulieve Cannabis Corp. (TRLV) stock
TRLVNYSEMedicinal Chemicals & Botanical ProductsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 4/3010% below fair value
$10.90−0.25 (-2.24%)
Close on Nov 13, 2026Market cap $2.10BP/E –Yield –
Trulieve Cannabis gross margin
Gross margin is gross profit as a percentage of revenue.
Trulieve Cannabis's gross margin for the twelve months ending Sep 30, 2026 was 60.6%. For fiscal 2025 it was 60.2%, against 60.3% the year before. The highest annual figure on record is 75.9% in fiscal 2019.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 60.2% | −0.1 |
| FY2024 | Dec 31, 2024 | 60.3% | +8.2 |
| FY2023 | Dec 31, 2023 | 52.1% | −4.4 |
| FY2022 | Dec 31, 2022 | 56.6% | −4.2 |
| FY2021 | Dec 31, 2021 | 60.8% | −13.3 |
| FY2020 | Dec 31, 2020 | 74.1% | −1.8 |
| FY2019 | Dec 31, 2019 | 75.9% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 64.3% | +5.4 |
| Q2 FY2026 | Jun 30, 2026 | 59.9% | −0.7 |
| Q1 FY2026 | Mar 31, 2026 | 59.3% | −2.2 |
| Q4 FY2025 | Dec 31, 2025 | 59.8% | −2.3 |
| Q3 FY2025 | Sep 30, 2025 | 58.9% | −2.0 |
| Q2 FY2025 | Jun 30, 2025 | 60.6% | +0.7 |
| Q1 FY2025 | Mar 31, 2025 | 61.5% | +3.1 |
| Q4 FY2024 | Dec 31, 2024 | 62.1% | +8.5 |
| Q3 FY2024 | Sep 30, 2024 | 61.0% | +9.0 |
| Q2 FY2024 | Jun 30, 2024 | 59.9% | +9.6 |
| Q1 FY2024 | Mar 31, 2024 | 58.4% | +5.7 |
| Q4 FY2023 | Dec 31, 2023 | 53.6% | +1.0 |
| Q3 FY2023 | Sep 30, 2023 | 51.9% | −5.2 |
| Q2 FY2023 | Jun 30, 2023 | 50.3% | −8.2 |
| Q1 FY2023 | Mar 31, 2023 | 52.7% | −4.1 |
| Q4 FY2022 | Dec 31, 2022 | 52.6% | +8.2 |
| Q3 FY2022 | Sep 30, 2022 | 57.1% | −11.6 |
| Q2 FY2022 | Jun 30, 2022 | 58.4% | −8.7 |
| Q1 FY2022 | Mar 31, 2022 | 56.8% | −13.0 |
| Q4 FY2021 | Dec 31, 2021 | 44.5% | −26.7 |
| Q3 FY2021 | Sep 30, 2021 | 68.7% | −6.3 |
| Q2 FY2021 | Jun 30, 2021 | 67.2% | −7.8 |
| Q1 FY2021 | Mar 31, 2021 | 69.8% | −7.1 |
| Q4 FY2020 | Dec 31, 2020 | 71.2% | – |
| Q3 FY2020 | Sep 30, 2020 | 75.0% | – |
| Q2 FY2020 | Jun 30, 2020 | 75.0% | – |
| Q1 FY2020 | Mar 31, 2020 | 76.9% | – |
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