TRLV - Trulieve Cannabis Corp.

📈 Is growth accelerating? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Revenue Growth YoY (%)	-3.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-174%)	-2.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-153%)	1.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-73%)	-0.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-109%)	0.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-99%)	4.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	3.3% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-34%)	7.7% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+54%)	3.0% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-41%)	-3.9% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-177%)	-8.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-270%)	-12.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-340%)	-9.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-284%)	-0.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-103%)	34.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+585%)	48.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+878%)	64.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1185%)	77.5% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1449%)	64.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1189%)	78.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1463%)	101.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1936%)	—	—	—	—	—
EPS Growth YoY (%)	—	—	—	—	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-42.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-166.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	97.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	52.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	40.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	70.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-1400.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-100.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	37.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	N/M	-6.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	94.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	19.0% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	N/M	—	53.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-34.4% Weak ↓ Weak Declining Year-over-year change in net income	-37.7% Weak ↓ Weak Declining Year-over-year change in net income	—	6.1% Fair ↓ Fair Declining Year-over-year change in net income	81.7% Excellent ↑ Excellent Improving Year-over-year change in net income	62.6% Excellent ↑ Excellent Improving Year-over-year change in net income	—	-102.1% Weak → Weak Stable Year-over-year change in net income	-102.1% Weak Weak Year-over-year change in net income	-102.1% Weak Weak Year-over-year change in net income	—	N/M	N/M	N/M	—	27.4% Excellent → Excellent Stable Year-over-year change in net income	27.4% Excellent Excellent Year-over-year change in net income	27.4% Excellent Excellent Year-over-year change in net income	—	—	—	—	—
FCF Growth YoY (%)	63.3% Excellent Excellent Year-over-year change in free cash flow	—	—	—	-72.8% Weak Weak Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	-344.0% Weak Weak Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	N/M	—	—	—	—	—
Revenue CAGR 3Y (%)	-0.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-0.6% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	8.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	19.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	26.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	32.6% Excellent Excellent Compound annual revenue growth over 3 years	44.4% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	8.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	16.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	20.1% Excellent Excellent Compound annual revenue growth over 5 years	25.4% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Operating Margin (%) (%)	12.5% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	5.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	14.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	17.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	11.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	0.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	0.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	16.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	15.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	8.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	-103.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-789%)	-4.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-130%)	1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	-9.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-162%)	11.9% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	9.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	-3.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-125%)	29.6% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	35.5% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+136%)	37.4% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+150%)	37.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+153%)	43.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+191%)	43.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+190%)	44.3% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+195%)	—
Effective Tax Rate (%) (%)	86.7% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1628.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	181.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	140.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	258.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-368.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-369.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	129.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	173.5% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	514.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	267.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-11.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-113.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-264.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-57.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	215.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	430.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-217.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	69.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.6% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	53.5% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	90.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	59.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	55.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	43.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	—	-10.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-200%)	-5.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-153%)	-11.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-213%)	—	-21.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-317%)	-3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	-8.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-182%)	—	-23.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-338%)	-23.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-333%)	-22.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-327%)	—	-10.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-208%)	-10.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-201%)	-10.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-202%)	—	13.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	14.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	15.5% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	1.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	17.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+73%)	19.5% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+95%)	24.6% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+146%)	—
FCF Margin (%) (%)	19.4% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.0% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	22.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.4% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	-4.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	41.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	42.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-4.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-0.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-49.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	5.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-7.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-28.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	44.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	-3.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	24.40x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	—	-2.24x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-4.60x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-1.00x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	-5.04x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.20x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.09x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.37x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-3.87x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.26x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.16x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Return on Invested Capital (%)	2.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-171.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-9.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-5.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-14.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-9.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	—	-10.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-77.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-5.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	—	-8.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-8.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-17.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	—	8.2% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	12.5% Good Good Return earned on debt + equity capital invested Optimal: > 10%	15.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	1.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	0.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	-0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.1% Fair Fair Operating profit relative to total assets Optimal: > 10%	7.9% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—	—	—
Return on Common Equity (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-70%)	4.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	6.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	—	8.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	12.5% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	15.0% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+25%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.15x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	0.16x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.24x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	—	—	—	—	—
Interest Coverage (x)	4.03x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.53x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.77x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.22x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.70x Fair Fair Operating income divided by interest expense Optimal: > 5x	0.05x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	3.14x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.00x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.12x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-15.39x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.58x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.15x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.44x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.93x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.60x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	-1.32x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	10.79x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	11.48x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	9.19x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	17.39x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.11x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.90x Good Good Operating income divided by interest expense Optimal: > 5x	7.19x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-157.24M	$-118.79M	$-83.08M	$-26.90M	$36.80M	$126.03M	$126.75M	$8.81M	$43.29M	$-201.37M	$170.67M	$266.24M	$354.91M	$-207.19M	$425.83M	$357.56M	$270.48M	$-226.63M	$-94.10M	$-170.56M	$-44.55M	$-146.71M	—	—	—	—
Debt / EBITDA (x)	5.48x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.94x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.67x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.95x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.96x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	278.93x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	589.67x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.32x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.89x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	8.63x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.54x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	73.81x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-71.53x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.18x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	1.61x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.42x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.51x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Revenue per Share (USD)	$1.49	—	$1.51	$1.58	$1.56	—	$1.49	$1.59	$1.57	—	$1.46	$1.49	$1.53	—	$1.59	$1.71	$1.70	—	$1.75	$1.71	$1.62	—	$1.22	$1.08	$0.87	—
Basic EPS, GAAP (USD)	—	—	—	—	$-0.16	$-0.27	$-0.32	$-0.04	$-0.16	$-0.19	$-0.12	$-1.80	$-0.34	$-0.32	$-0.41	$-0.12	$-0.17	$-0.51	$0.15	$0.33	$0.25	$0.01	$0.16	$0.17	$0.21	—
Free Cash Flow per Share (USD)	$0.29	—	$0.34	$0.39	$0.18	—	—	—	$0.65	—	—	—	$-0.07	—	—	—	$-0.02	—	—	—	$0.09	—	$-0.34	$0.48	$-0.03	—
Book Value per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$6.35	$5.96	$4.04	—	$2.59	$1.69	$1.43	—
Tangible Book Value per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$5.49	$5.40	$3.46	—	$2.59	$1.69	$1.43	—
Basic Weighted Avg Shares (shares)	192.54M	—	191.28M	191.20M	191.13M	—	190.19M	190.33M	189.49M	—	188.92M	189.05M	188.90M	—	188.60M	187.17M	187.05M	—	128.15M	125.63M	119.89M	—	112.04M	111.57M	110.35M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Working Capital (USD)	$528.80M	$435.77M	$632.31M	$587.55M	$512.71M	$466.06M	$466.32M	$507.28M	$468.08M	—	$234.90M	$234.25M	$385.92M	—	$342.36M	$364.63M	$355.45M	—	$291.24M	$365.35M	$193.26M	$185.33M	—	—	—	—
LT Debt (USD)	$195.64M	$136.74M	$366.12M	$365.68M	$365.25M	$364.84M	$364.42M	$364.00M	$363.61M	—	$362.83M	$418.61M	$543.04M	—	$540.30M	$538.98M	$537.70M	—	$119.48M	$118.67M	$117.90M	—	—	—	—	—
Total Equity (USD)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$822.64M	$756.24M	$485.58M	—	$289.74M	$188.57M	$157.71M	$132.88M

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-Q ↗
Sales/Revenue/Turnover (USD)	$286.75M	$293.15M	$288.19M	$302.09M	$297.76M	$301.14M	$284.28M	$303.44M	$297.62M	$286.97M	$275.21M	$281.80M	$289.09M	$298.48M	$300.79M	$320.28M	$318.35M	$298.90M	$224.09M	$215.12M	$193.82M	$168.44M	$136.27M	$120.77M	$96.06M	—
Depreciation Expense (USD)	—	—	—	—	—	—	—	—	—	—	$18.68M	$19.33M	$20.50M	—	$20.20M	$20.10M	$15.50M	—	$8.10M	$7.30M	$5.60M	$10.40M	$3.90M	$3.60M	$3.20M	—
Net Income, GAAP (USD)	$2.28M	—	$-28.78M	$-16.11M	$-33.76M	—	$-61.60M	$-11.98M	$-24.52M	—	$-65.63M	$-65.63M	$-65.63M	—	$-32.48M	$-32.48M	$-32.48M	—	$30.08M	$30.08M	$30.08M	$3.04M	$23.61M	$23.61M	$23.61M	—
Operating Cash Flow (USD)	$55.71M	$59.22M	$76.77M	$85.70M	$50.74M	$30.68M	—	—	$139.15M	$131.46M	—	—	$410.00K	$55.01M	—	—	$45.15M	$-62.18M	—	—	$60.39M	$26.80M	$-4.83M	$53.75M	$23.92M	—

Trulieve Cannabis Corp.

Analytical Summary

26-Year Financial Trajectory

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