2026-03-25 20:34:03
Planet 13 Holdings Reports Q4 2025 Results with Revenue of $25.2 Million and Net Loss of $4.6 Million
Expected Stock impact: Slightly Negative
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH), a leading vertically-integrated cannabis company, announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported revenue of $25.2 million for Q4 2025, a decrease of 16.7% compared to $30.3 million in Q4 2024. The decline in revenue was attributed to a challenging tourist environment in Las Vegas and increased competition in Florida. The net loss for the quarter was $4.6 million, a significant improvement from a net loss of $26.4 million in the same quarter last year, which included an impairment charge of $18.9 million. Adjusted EBITDA for Q4 2025 was a loss of $0.3 million, compared to a break-even result in Q4 2024. For the full year 2025, total revenues were $103.4 million, down from $116.4 million in 2024, reflecting an 11.2% decrease. The company’s gross profit margin improved slightly to 38.6% from 48.2% in the previous year. Planet 13's operational focus in 2026 is to achieve cash flow positivity and demonstrate the earnings potential of its portfolio. The company has recently exited California operations, which is expected to alleviate some financial pressures. The management expressed optimism about the future, citing a more favorable operational and regulatory environment. The company will host a conference call on March 25, 2026, to discuss these results and provide further insights into its strategy and outlook.
