Trulieve Cannabis

Q2 FY2026 EarningsQ2 FY26 revenue of $271.0M beat consensus of $268.9M, while GAAP EPS of -$2.10 missed the expected $0.11 significantly due to a $403.3M non-cash loss from the Harvest deconsolidation. Excluding this one-time transaction, operational performance remained resilient with a gross margin of 59.9% vs. the 61.7% mean estimate. Cash from operations was strong at $108.8M for the first half of the year, outperforming expectations, despite a 10% YoY revenue decline primarily driven by the strategic deconsolidation and pricing pressures in mature markets.