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Planet 13 reports Q4 2025 revenue of $25.2M with a net loss of $4.6M, aiming for cash flow positivity in 2026.

Company Fundamentals
25 Mar 2026
GlobeNewsWire
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Bearish
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Planet 13 Holdings Inc. announced its Q4 2025 financial results with revenue of $25.2 million, down 16.7% from the previous year, and a net loss of $4.6 million, significantly improved from a $26.4 million loss in Q4 2024. The company faced challenges from a softer tourist environment in Las Vegas and increased competition in Florida but saw stabilized revenue and returned wholesale momentum in Nevada. Planet 13 exited California to focus on core markets and launched new dispensaries in Florida, aiming to achieve cash flow positivity and demonstrate earnings power in 2026 amid favorable regulatory shifts. The full-year 2025 revenue declined 11.2% to $103.4 million with a net loss of $63.9 million, including impairment charges, but the company is positioning for growth with a streamlined portfolio and operational improvements.

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