Green Thumb Ended Its String of Profitable Quarters. Is the Stock a Buy?
Key PointsThe company grew revenue by 11.3%, year over year.
Green Thumb Industries reported a third-quarter loss per share of $0.02, marking the first time since Q2 2025 that the company has turned a profit. However, this loss is offset by the company's strong growth in sales, with revenue increasing by 11.3% year-over-year to $324.4 million. The company's ability to generate cash flow and maintain strict balance-sheet discipline is a key strength, as evidenced by $58 million in operational cash flow for Q3 and a reduction in outstanding shares through buybacks.
Green Thumb's expansion into several key states with upcoming legalization or expanded access provides a promising long-term revenue runway. With a lower debt-to-EBITDA ratio compared to competitors and benefiting from the rescheduling of cannabis to a Schedule III substance, the stock may present a compelling buying opportunity for investors.
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