Green Thumb Industries Inc. (GTBIF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
325 WEST HURON STREET CHICAGO, IL 60654 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 01 - Agricultural Production Crops (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Receivables | 47,458 | 53,519 | 54,449 | 52,821 | 52,182 | 42,975 | |||
| Inventory, net of allowances, customer advances and progress billings | 155,337 | 147,162 | 138,283 | 130,530 | 119,289 | 112,970 | |||
| Inventory | 155,337 | 147,162 | 138,283 | 130,530 | 119,289 | 112,970 | |||
| Prepaid expense | 13,635 | 16,856 | 18,164 | 19,497 | 19,740 | 19,801 | |||
| Other current assets | 7,893 | 14,676 | 7,337 | 4,812 | 4,546 | 5,382 | |||
| Other undisclosed current assets | 220,582 | 171,687 | 173,641 | 196,142 | 223,937 | 161,634 | |||
| Total current assets: | 444,905 | 403,900 | 391,874 | 403,802 | 419,694 | 342,762 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 242,705 | 246,281 | 245,978 | 247,533 | 241,006 | 238,369 | |||
| Property, plant and equipment | 720,267 | 716,014 | 695,666 | 694,039 | 689,006 | 687,106 | |||
| Long-term investments and receivables | 43,461 | 43,578 | 61,422 | 61,412 | 60,847 | 64,361 | |||
| Long-term investments | 43,461 | 43,578 | 61,422 | 61,412 | 60,847 | 64,361 | |||
| Intangible assets, net (including goodwill) | 1,065,404 | 1,077,978 | 1,090,551 | 1,103,125 | 1,115,698 | 1,128,369 | |||
| Goodwill | 589,691 | 589,691 | 589,691 | 589,691 | 589,691 | 589,691 | |||
| Intangible assets, net (excluding goodwill) | 475,713 | 488,287 | 500,860 | 513,434 | 526,007 | 538,678 | |||
| Other undisclosed noncurrent assets | 52,340 | 49,261 | 29,381 | 30,643 | 28,568 | 29,090 | |||
| Total noncurrent assets: | 2,124,177 | 2,133,112 | 2,122,998 | 2,136,752 | 2,135,125 | 2,147,295 | |||
| TOTAL ASSETS: | 2,569,082 | 2,537,012 | 2,514,872 | 2,540,554 | 2,554,819 | 2,490,057 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 96,017 | 110,929 | 95,432 | 92,209 | 96,077 | 84,047 | |||
| Accounts payable | 19,308 | 24,767 | 19,848 | 29,433 | 27,842 | 24,495 | |||
| Accrued liabilities | 76,709 | 86,162 | 75,584 | 62,776 | 68,235 | 59,552 | |||
| Debt | 13,972 | 12,062 | 9,397 | 227,265 | 3,036 | 2,996 | |||
| Deferred compensation liability | 29,390 | 25,350 | 19,295 | 12,917 | 20,361 | 16,005 | |||
| Other undisclosed current liabilities | 47,744 | 16,628 | 36,545 | 38,188 | 55,580 | 23,002 | |||
| Total current liabilities: | 187,123 | 164,969 | 160,669 | 370,579 | 175,054 | 126,050 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 238,469 | 242,896 | 246,182 | 82,478 | 306,901 | 305,527 | |||
| Long-term debt, excluding current maturities | 238,469 | 242,896 | 246,182 | 82,478 | 306,901 | 305,527 | |||
| Liabilities, other than long-term debt | 258,528 | 261,446 | 260,790 | 261,031 | 253,224 | 282,714 | |||
| Operating lease, liability | 258,528 | 261,446 | 260,790 | 261,031 | 253,224 | 249,464 | |||
| Business combination, contingent consideration, liability | 33,250 | ||||||||
| Other undisclosed noncurrent liabilities | 78,621 | 78,621 | 72,510 | 72,510 | 72,510 | 72,510 | |||
| Total noncurrent liabilities: | 575,618 | 582,963 | 579,482 | 416,019 | 632,635 | 660,751 | |||
| Total liabilities: | 762,741 | 747,932 | 740,151 | 786,598 | 807,689 | 786,801 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,807,156 | 1,789,277 | 1,774,827 | 1,753,862 | 1,746,999 | 1,702,878 | |||
| Other undisclosed equity, attributable to parent | 1,807,156 | 1,789,277 | 1,774,827 | 1,753,862 | 1,746,999 | 1,702,878 | |||
| Equity, attributable to noncontrolling interest | (815) | (197) | (106) | 94 | 131 | 378 | |||
| Total equity: | 1,806,341 | 1,789,080 | 1,774,721 | 1,753,956 | 1,747,130 | 1,703,256 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,569,082 | 2,537,012 | 2,514,872 | 2,540,554 | 2,554,819 | 2,490,057 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 279,540 | 294,323 | 286,865 | 280,147 | 275,806 | 278,231 | ||
| Cost of revenue (Cost of Product and Service Sold) | (136,265) | (136,254) | (139,274) | (129,627) | (130,877) | (135,543) | ||
| Gross profit: | 143,275 | 158,069 | 147,591 | 150,520 | 144,929 | 142,688 | ||
| Operating expenses | (100,793) | (100,959) | (104,967) | (96,500) | (74,258) | (92,348) | ||
| Operating income: | 42,482 | 57,110 | 42,624 | 54,020 | 70,671 | 50,340 | ||
| Nonoperating expense | (2,766) | (12,988) | (2,921) | (1,203) | (7,174) | (22,120) | ||
| Other nonoperating income (expense) | (24) | (9,505) | (290) | 2,464 | (1,763) | (16,230) | ||
| Interest and debt expense | (4,865) | (5,475) | (5,296) | (7,514) | 12,607 | |||
| Income from continuing operations before equity method investments, income taxes: | 34,851 | 38,647 | 34,407 | 52,817 | 55,983 | 40,827 | ||
| Loss from equity method investments | (772) | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 4,865 | 5,475 | 5,296 | 772 | 7,514 | (12,607) | ||
| Income from continuing operations before income taxes: | 39,716 | 44,122 | 39,703 | 52,817 | 63,497 | 28,220 | ||
| Income tax expense | (31,315) | (31,318) | (30,922) | (31,899) | (32,149) | (24,703) | ||
| Net income: | 8,401 | 12,804 | 8,781 | 20,918 | 31,348 | 3,517 | ||
| Net loss attributable to noncontrolling interest | (95) | (125) | (165) | (206) | (272) | (301) | ||
| Net income (loss) available to common stockholders, diluted: | 8,306 | 12,679 | 8,616 | 20,712 | 31,076 | 3,216 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 8,401 | 12,804 | 8,781 | 20,918 | 31,348 | 3,517 | ||
| Comprehensive income: | 8,401 | 12,804 | 8,781 | 20,918 | 31,348 | 3,517 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (95) | (125) | (165) | (206) | (272) | (301) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,306 | 12,679 | 8,616 | 20,712 | 31,076 | 3,216 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.