Trulieve Cannabis annual net debt
2020
2021
2022
2023
2024
2025
Trulieve Cannabis Net Debt Growth & History (TRLV)
Trulieve Cannabis's net debt was $77.0M for fiscal 2025.
View full Trulieve Cannabis company overviewTrulieve Cannabis annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $77.0M | −$255.9M | −76.88% |
| 2024 | 2024-12-31 | $332.9M | −$596,000 | −0.18% |
| 2023 | 2023-12-31 | $333.5M | −$198.4M | −37.31% |
| 2022 | 2022-12-31 | $531.9M | $92.2M | +20.97% |
| 2021 | 2021-12-31 | $439.7M | $516.1M | — |
| 2020 | 2020-12-31 | −$76.4M | — | — |
Trulieve Cannabis quarterly net debt
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $37.4M | −$144.6M | −79.43% |
| Q1 2026 | 2026-03-31 | $45.8M | −$197.8M | −81.20% |
| Q4 2025 | 2025-12-31 | $77.0M | −$255.9M | −76.88% |
| Q3 2025 | 2025-09-30 | $115.9M | −$213.4M | −64.81% |
| Q2 2025 | 2025-06-30 | $182.1M | −$7.7M | −4.05% |
| Q1 2025 | 2025-03-31 | $243.6M | $26.7M | +12.33% |
| Q4 2024 | 2024-12-31 | $332.9M | −$596,000 | −0.18% |
| Q3 2024 | 2024-09-30 | $329.3M | −$14.9M | −4.32% |
| Q2 2024 | 2024-06-30 | $189.7M | −$259.1M | −57.73% |
| Q1 2024 | 2024-03-31 | $216.8M | −$334.0M | −60.64% |
| Q4 2023 | 2023-12-31 | $333.5M | −$198.4M | −37.31% |
| Q3 2023 | 2023-09-30 | $344.2M | −$300.6M | −46.62% |
| Q2 2023 | 2023-06-30 | $448.8M | −$149.0M | −24.93% |
| Q1 2023 | 2023-03-31 | $550.8M | $64.3M | +13.23% |
| Q4 2022 | 2022-12-31 | $531.9M | $92.2M | +20.97% |
| Q3 2022 | 2022-09-30 | $644.8M | $628.4M | +3828.47% |
| Q2 2022 | 2022-06-30 | $597.9M | $691.1M | — |
| Q1 2022 | 2022-03-31 | $486.5M | $458.8M | +1653.79% |
| Q4 2021 | 2021-12-31 | $439.7M | $516.1M | — |
| Q3 2021 | 2021-09-30 | $16.4M | — | — |
| Q2 2021 | 2021-06-30 | −$93.2M | — | — |
| Q1 2021 | 2021-03-31 | $27.7M | — | — |
| Q4 2020 | 2020-12-31 | −$76.4M | — | — |
Trulieve Cannabis net debt trends
Over the last five fiscal years, Trulieve Cannabis's net debt increased from −$76.4M to $77.0M, a change of $153.3M. The latest reported quarter, Q2 2026, shows $37.4M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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