MariMed Inc. (MRMD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
10 OCEANA WAY NORWOOD, MA 02062 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,282 | 14,733 | 9,860 | 29,934 | 4,356 | 2,188 | |||
| Cash and cash equivalent | 7,282 | 14,645 | 9,737 | 29,683 | 2,999 | 739 | |||
| Short-term investments | 88 | 123 | 251 | 1,357 | 1,449 | ||||
| Receivables | 8,794 | 7,356 | 6,823 | 1,920 | 7,992 | 2,291 | |||
| Inventory, net of allowances, customer advances and progress billings | 33,488 | 25,306 | 19,477 | 9,768 | 6,831 | 1,219 | |||
| Inventory | 33,488 | 25,306 | 19,477 | 9,768 | 6,831 | 1,219 | |||
| Other current assets | 3,389 | 3,407 | 7,282 | 1,441 | 583 | 192 | |||
| Other undisclosed current assets | 556 | 630 | 704 | 1,551 | 1,282 | 1,486 | |||
| Total current assets: | 53,509 | 51,432 | 44,146 | 44,613 | 21,043 | 7,377 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 4,073 | 3,295 | 713 | 46 | 78 | 111 | |||
| Operating lease, right-of-use asset | 8,730 | 9,716 | 4,931 | 5,081 | 5,247 | 5,787 | |||
| Property, plant and equipment | 94,167 | 89,103 | 71,641 | 62,150 | 45,637 | 42,792 | |||
| Long-term investments and receivables | 840 | 1,035 | 7,467 | 8,987 | 2,131 | 2,964 | |||
| Long-term investments | 221 | 1,166 | 1,325 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 840 | 814 | 7,467 | 8,987 | 965 | 1,639 | |||
| Intangible assets, net (including goodwill) | 34,451 | 29,005 | 22,280 | 2,230 | 2,229 | 2,364 | |||
| Goodwill | 15,812 | 11,993 | 8,079 | ||||||
| Intangible assets, net (excluding goodwill) | 18,639 | 17,012 | 14,201 | 2,230 | 2,229 | 2,364 | |||
| Other noncurrent assets | 11,219 | 12,537 | 1,024 | 98 | 80 | 176 | |||
| Total noncurrent assets: | 153,480 | 144,691 | 108,056 | 78,592 | 55,402 | 54,195 | |||
| TOTAL ASSETS: | 206,989 | 196,123 | 152,202 | 123,205 | 76,445 | 61,572 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 17,624 | 12,550 | 9,717 | 24,712 | 8,666 | 10,115 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 18,265 | ||||
| Accounts payable | 13,189 | 9,001 | 6,626 | 5,099 | 5,045 | 4,719 | |||
| Accrued liabilities | 4,435 | 3,549 | 3,091 | 1,349 | 3,621 | 5,396 | |||
| Debt | 7,144 | 1,933 | 4,011 | 37 | 8,898 | 24,069 | |||
| Other liabilities | 2 | 1,077 | 858 | ||||||
| Due to related parties | ✕ | ✕ | ✕ | 1,158 | 1,455 | ||||
| Other undisclosed current liabilities | 23,910 | 16,379 | 12,762 | 2,471 | 3,428 | 224 | |||
| Total current liabilities: | 48,678 | 30,862 | 26,490 | 27,223 | 23,227 | 36,720 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,926 | 2,140 | 26,404 | 5,045 | 15,549 | 5,475 | |||
| Long-term debt, excluding current maturities | 25,943 | 448 | 10,682 | ||||||
| Finance lease, liability | 1,926 | 2,140 | 461 | 22 | 44 | 75 | |||
| Liabilities, other than long-term debt | 7,649 | 8,555 | 4,273 | 100 | 100 | 100 | |||
| Other liabilities | 100 | 100 | 100 | 100 | 100 | 100 | |||
| Operating lease, liability | 7,549 | 8,455 | 4,173 | 4,574 | 4,822 | 5,399 | |||
| Other undisclosed noncurrent liabilities | 69,860 | 65,652 | 16,813 | 14,744 | 12,948 | ||||
| Total noncurrent liabilities: | 79,435 | 76,347 | 30,677 | 21,958 | 30,393 | 18,523 | |||
| Total liabilities: | 128,113 | 107,209 | 57,167 | 49,181 | 53,620 | 55,244 | |||
| Temporary equity, including noncontrolling interest | 19,000 | 19,000 | 37,725 | 37,725 | 14,725 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 61,628 | 71,564 | 58,782 | 37,862 | 8,667 | 4,546 | |||
| Common stock | 381 | 375 | 341 | 334 | 314 | 228 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (5) | (1,168) | |||||||
| Additional paid in capital | 173,366 | 171,144 | 142,365 | 134,920 | 112,974 | 112,246 | |||
| Accumulated deficit | (112,119) | (99,955) | (83,924) | (97,392) | (104,617) | (106,761) | |||
| Equity, attributable to noncontrolling interest | (1,752) | (1,650) | (1,511) | (1,563) | (577) | (553) | |||
| Other undisclosed equity | 39 | 11 | 2,336 | ||||||
| Total equity: | 59,876 | 69,914 | 57,310 | 36,299 | 8,100 | 6,328 | |||
| TOTAL LIABILITIES AND EQUITY: | 206,989 | 196,123 | 152,202 | 123,205 | 76,445 | 61,572 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 157,964 | 148,598 | 134,010 | 121,464 | 50,895 | 45,605 | ||
| Operating lease, lease income | 1,100 | 1,787 | 3,526 | 18,700 | 13,900 | |||
| Revenue from related parties | ✕ | ✕ | ✕ | 29,029 | ||||
| Cost of revenue | (95,096) | (82,679) | (70,053) | (55,201) | (19,570) | (26,903) | ||
| Gross profit: | 62,868 | 65,919 | 63,957 | 66,263 | 31,325 | 18,702 | ||
| Operating expenses | (59,956) | (51,534) | (43,588) | (39,400) | (16,794) | (60,300) | ||
| Operating income (loss): | 2,912 | 14,385 | 20,369 | 26,863 | 14,531 | (41,598) | ||
| Nonoperating expense | (6,880) | (20,981) | (861) | (3,048) | (10,034) | (40,283) | ||
| Investment income, nonoperating | (1,107) | |||||||
| Interest and debt expense | (6,944) | (10,431) | (1,693) | (2,356) | (45) | (5) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (10,912) | (17,027) | 17,815 | 21,460 | 4,452 | (81,886) | ||
| Other undisclosed income from continuing operations before income taxes | 6,944 | 10,431 | 1,693 | 2,356 | 45 | |||
| Income (loss) from continuing operations before income taxes: | (3,968) | (6,596) | 19,508 | 23,816 | 4,496 | (81,886) | ||
| Income tax expense | (8,159) | (9,411) | (5,894) | (16,192) | (2,067) | |||
| Income (loss) from continuing operations: | (12,127) | (16,007) | 13,614 | 7,624 | 2,429 | (81,886) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 7,624 | 2,429 | (81,886) | |
| Other undisclosed net income | 5 | |||||||
| Net income (loss): | (12,127) | (16,007) | 13,614 | 7,624 | 2,429 | (81,881) | ||
| Net income (loss) attributable to noncontrolling interest | (37) | (24) | (146) | (399) | (285) | 696 | ||
| Net income (loss) available to common stockholders, diluted: | (12,164) | (16,031) | 13,468 | 7,225 | 2,144 | (81,185) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (12,127) | (16,007) | 13,614 | 7,624 | 2,429 | (81,881) | ||
| Comprehensive income (loss): | (12,127) | (16,007) | 13,614 | 7,624 | 2,429 | (81,881) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (37) | (24) | (146) | (399) | (285) | 696 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,164) | (16,031) | 13,468 | 7,225 | 2,144 | (81,185) | ||
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.