Trulieve revenue falls drops to $271 million

• Trulieve reported Q2 2026 revenue of $271 million, down 10% year over year, with a 60% gross margin.
• The company recorded a $406 million shareholder net loss, largely reflecting a $403.3 million loss from the Harvest deconsolidation.
• Trulieve completed its NYSE listing, authorized a share repurchase programme and separated Harvest’s mixed-use operations from its consolidated business.

Trulieve (NYSE:TRLV) reported Q2 2026 revenue of $271 million, down 10% year over year and 6% sequentially, while GAAP gross profit reached $162 million.

Adjusted EBITDA declined 11% year over year to $98 million, representing a 36% margin, while adjusted net income improved to $20 million from an $8 million loss.

Trulieve recorded a $406 million net loss attributable to shareholders, including a $403.3 million Harvest deconsolidation loss, while quarter-end cash totaled $325 million.

First-half operating cash flow totaled $109 million and free cash flow reached $74 million, while Trulieve authorized repurchases of up to the lesser of $50 million or 8,495,038 shares.

Trulieve also completed the Harvest deconsolidation and NYSE listing during the quarter and reported 207 retail locations plus 3.5 million square feet of cultivation and processing capacity at the latest update.