Green Thumb Industries — Third Quarter 2026 Earnings Summary

Green Thumb Industries reported third-quarter 2026 revenue of $324.4 million, representing an 11.3% increase year-over-year, driven by retail sales in Minnesota and continued growth in Florida, New Jersey, New York, Ohio, and Virginia. The company recorded a GAAP net loss of $4.8 million, or $0.02 per share, while achieving a Normalized EBITDA of $89.4 million, which equates to 27.6% of revenue. Cash balances at the end of the quarter totaled $316.0 million, and the company expanded its retail footprint by adding six new RISE Dispensaries across Florida, Nevada, and Pennsylvania. Additionally, Green Thumb amended its agreement with RYTHM, Inc. to remove beneficial ownership limitations, resulting in the consolidation of RYTHM into its financial statements effective October 10, 2026.