📊 TCNNF Key Takeaways
Is Trulieve Cannabis Corp. (TCNNF) a Good Investment?
Trulieve demonstrates paradoxical fundamentals: strong free cash flow generation ($228.6M, 19.4% FCF margin) and a fortress balance sheet with excellent liquidity (4.43x current ratio) and minimal leverage (0.12x Debt/Equity), but this is severely undermined by persistent net losses (-$116.4M, -9.9% margin), stagnant revenue (-0.4% YoY), and negative shareholder returns (ROE -10.2%, ROA -4.3%). The significant disconnect between positive operating cash flow and negative net income suggests material non-cash charges, acquisitions-related amortization, or accounting adjustments masking core profitability challenges.
Why Buy Trulieve Cannabis Corp. Stock? TCNNF Key Strengths
- Exceptional free cash flow generation of $228.6M with 19.4% FCF margin, demonstrating operational cash generation capability
- Fortress balance sheet with excellent liquidity metrics (4.43x current ratio, 2.52x quick ratio) and conservative leverage (0.12x Debt/Equity, 9.8x interest coverage)
- Healthy gross margins of 60.2% indicating pricing power and operational efficiency in core cannabis retail operations
TCNNF Stock Risks: Trulieve Cannabis Corp. Investment Risks
- Persistent net unprofitability (-$116.4M loss) with negative equity returns (ROE -10.2%, ROA -4.3%) destroying shareholder value despite positive cash flow
- Stagnant revenue growth at -0.4% YoY with no evidence of organic expansion in maturing cannabis retail market
- Material divergence between operating cash flow and net income suggests significant non-cash charges, write-downs, or acquisition-related amortization obscuring true profitability
- Cannabis industry regulatory uncertainty with federal legal constraints and state-level variability creating structural business risks
Key Metrics to Watch
- Revenue growth trajectory and comparable store sales trends
- Path to net profitability and operating margin sustainability
- Operating cash flow-to-net income conversion ratio and identification of non-cash charges
- Regulatory developments affecting cannabis scheduling and state licensing
Trulieve Cannabis Corp. (TCNNF) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 4.43x current ratio provides a solid financial cushion.
TCNNF Profit Margin, ROE & Profitability Analysis
TCNNF vs Materials Sector: How Trulieve Cannabis Corp. Compares
How Trulieve Cannabis Corp. compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Trulieve Cannabis Corp. Stock Overvalued? TCNNF Valuation Analysis 2026
Based on fundamental analysis, Trulieve Cannabis Corp. has mixed fundamental signals relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Trulieve Cannabis Corp. Balance Sheet: TCNNF Debt, Cash & Liquidity
TCNNF Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Trulieve Cannabis Corp.'s revenue has grown significantly by 26% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.28 indicates the company is currently unprofitable.
TCNNF Revenue Growth, EPS Growth & YoY Performance
TCNNF Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $284.3M | N/A | N/A |
| Q2 2025 | $302.1M | N/A | N/A |
| Q1 2025 | $297.6M | N/A | $-0.16 |
| Q3 2024 | $275.2M | -$25.8M | $-0.12 |
| Q2 2024 | $281.8M | -$12.0M | $-0.04 |
| Q1 2024 | $285.2M | -$24.5M | $-0.16 |
| Q3 2023 | $275.2M | -$24.0M | $-0.12 |
| Q2 2023 | $281.8M | -$24.0M | $-0.09 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Trulieve Cannabis Corp. Dividends, Buybacks & Capital Allocation
TCNNF SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Trulieve Cannabis Corp. (CIK: 0001754195)
📋 Recent SEC Filings
❓ Frequently Asked Questions about TCNNF
What is the AI rating for TCNNF?
Trulieve Cannabis Corp. (TCNNF) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TCNNF's key strengths?
Claude: Exceptional free cash flow generation of $228.6M with 19.4% FCF margin, demonstrating operational cash generation capability. Fortress balance sheet with excellent liquidity metrics (4.43x current ratio, 2.52x quick ratio) and conservative leverage (0.12x Debt/Equity, 9.8x interest coverage).
What are the risks of investing in TCNNF?
Claude: Persistent net unprofitability (-$116.4M loss) with negative equity returns (ROE -10.2%, ROA -4.3%) destroying shareholder value despite positive cash flow. Stagnant revenue growth at -0.4% YoY with no evidence of organic expansion in maturing cannabis retail market.
What is TCNNF's revenue and growth?
Trulieve Cannabis Corp. reported revenue of $1.2B.
Does TCNNF pay dividends?
Trulieve Cannabis Corp. does not currently pay dividends.
Where can I find TCNNF SEC filings?
Official SEC filings for Trulieve Cannabis Corp. (CIK: 0001754195) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is TCNNF's EPS?
Trulieve Cannabis Corp. has a diluted EPS of $-0.58.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is TCNNF a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Trulieve Cannabis Corp. has a HOLD rating with 62% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is TCNNF stock overvalued or undervalued?
Valuation metrics for TCNNF: ROE of -10.2% (sector avg: 14%), net margin of -9.9% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy TCNNF stock in 2026?
Our dual AI analysis gives Trulieve Cannabis Corp. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is TCNNF's free cash flow?
Trulieve Cannabis Corp.'s operating cash flow is $272.8M, with capital expenditures of $44.2M. FCF margin is 19.4%.
How does TCNNF compare to other Materials stocks?
Vs Materials sector averages: Net margin -9.9% (avg: 10%), ROE -10.2% (avg: 14%), current ratio 4.43 (avg: 1.6).