Trulieve Cannabis Corp. (OTCQX:TCNNF) reported a revenue of $301.1 million, surpassing estimates and indicating a 5% year-over-year growth.
The company’s gross margin improved significantly to 62%, up from 54% the previous year, showcasing operational excellence.
Despite a negative EPS of -$0.31, Trulieve maintains a strong financial position with a low debt-to-equity ratio of 0.26 and a current ratio of 4.37.
Trulieve Cannabis Corp. (OTCQX:TCNNF) is a prominent player in the U.S. cannabis industry, known for its extensive network of dispensaries and cultivation facilities. The company focuses on providing high-quality cannabis products to its customers. Trulieve competes with other major cannabis companies like Curaleaf and Green Thumb Industries, striving to maintain its position as a market leader.
On February 27, 2025, Trulieve reported an earnings per share (EPS) of -$0.31, which was below the estimated -$0.18. Despite this, the company generated a revenue of approximately $301.1 million, surpassing the estimated $292.4 million. This revenue marks a 5% increase compared to the same period in 2023, showcasing the company’s growth trajectory.
During the Q4 2024 Earnings Conference Call, CEO Kim Rivers highlighted the company’s operational excellence, noting the improved gross margin of 62%, up from 54% in the previous year. This improvement reflects Trulieve’s ability to enhance its profitability despite the negative EPS. The company also recorded a cash flow from operations of $271 million for the year, with a free cash flow of $150 million.
Trulieve’s financial metrics reveal a mixed picture. The negative price-to-earnings (P/E) ratio of approximately -5.35 indicates current losses, while the price-to-sales ratio of about 0.70 suggests the stock is valued at 70 cents for every dollar of sales. The enterprise value to sales ratio is slightly higher at 0.77, reflecting the company’s total valuation, including debt.
Despite the challenges, Trulieve maintains a strong financial position with a low debt-to-equity ratio of about 0.26, indicating conservative debt usage. The current ratio of approximately 4.37 further underscores the company’s ability to cover short-term liabilities with its short-term assets, highlighting its financial stability.
