CURLF - Curaleaf Holdings, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$13.02
DETAILS
HIGH:
$23.87
LOW:
$6.25
MEDIAN:
$11.75
CONSENSUS:
$13.02
UPSIDE:
292.17%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 1,290.3 | 1,278.3 | 1,371.3 | 1,224.9 | 1,185.5 | 659.7 | 226.2 | 73.1 | 20.0 | 0 | 0 | 0 |
| Cost of Revenue | 792.1 | 833.3 | 884.9 | 732.3 | 705.0 | 548.2 | 213.7 | 36.6 | 11.4 | 0 | 0 | 0 |
| Gross Profit | 498.2 | 445.0 | 486.4 | 492.6 | 480.4 | 111.6 | 12.5 | 36.5 | 8.6 | 0 | 0 | 0 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 472.3 | 425.8 | 442.8 | 430.2 | 422.4 | 271.8 | 140.8 | 64.0 | 19.6 | 0.1 | 0.2 | 0.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 472.3 | 425.8 | 442.8 | 430.2 | 422.4 | 271.8 | 140.8 | 64.0 | 19.6 | 0.1 | 0.2 | 0.0 |
| Operating Income | ||||||||||||
| Operating Income | 25.9 | 19.2 | 43.7 | 62.4 | 58.1 | (160.2) | (128.4) | (27.5) | (11.1) | (0.1) | (0.2) | (0.0) |
| Interest Expense | 102.6 | 100.6 | 100.4 | 88.8 | 78.5 | 69.0 | 24.8 | 7.3 | 1.6 | 0 | 0 | 0 |
| Interest Income | 0.7 | 0.7 | 0.0 | 0.1 | 0.6 | 6.5 | 9.9 | 4.8 | 3.0 | 0 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 166.9 | 221.9 | 191.4 | 161.3 | 148.6 | 189.0 | 16.5 | (38.2) | 1.4 | (0.1) | (0.2) | (0.0) |
| EBIT | 23.0 | (16.2) | (24.4) | 2.3 | 16.2 | 105.1 | (21.5) | (46.4) | (2.5) | (0.1) | (0.2) | (0.0) |
| Income Before Tax | (79.6) | (112.0) | (126.6) | (83.1) | (61.6) | 32.4 | (46.9) | (53.4) | (4.1) | (0.1) | (0.2) | (0.0) |
| Income Tax Expense | 125.9 | 93.9 | 116.7 | 171.7 | 151.1 | 92.2 | 24.6 | 5.4 | 1.1 | 0 | 0 | 0 |
| Net Income | (235.1) | (226.7) | (286.4) | (355.4) | (204.1) | (60.2) | (68.8) | (53.6) | (2.9) | (0.1) | (0.2) | (0.0) |
| Per Share Data | ||||||||||||
| EPS (Basic) | -0.31 | -0.29 | -0.40 | -0.53 | -0.16 | -0.11 | -0.15 | -0.16 | -0.02 | -0.10 | -0.20 | -0.06 |
| EPS (Diluted) | -0.31 | -0.29 | -0.40 | -0.53 | -0.16 | -0.11 | -0.15 | -0.16 | -0.02 | -0.10 | -0.20 | -0.06 |
| Shares Outstanding | 762.1 | 740.8 | 724.1 | 711.2 | 698.8 | 557.2 | 462.9 | 396.5 | 322.8 | 1.1 | 0.8 | 0.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 101.4 | 107.2 | 91.3 | 163.1 | 298.9 | 73.5 | 42.3 | 266.6 | 21.0 | 0.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 80.8 | 66.4 | 62.4 | 45.2 | 62.7 | 31.5 | 18.3 | 9.4 | 1.2 | 0.0 |
| Inventory | 0 | 220.5 | 214.8 | 234.7 | 247.8 | 244.2 | 82.4 | 32.5 | 14.1 | 0 |
| Other Current Assets | 265.6 | 35.3 | 47.9 | 209.2 | 116.2 | 68.6 | 6.5 | 5.0 | 0.8 | 0 |
| Total Current Assets | 447.8 | 429.4 | 416.5 | 652.1 | 725.6 | 417.9 | 149.5 | 313.5 | 37.2 | 0.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 729.9 | 767.7 | 829.0 | 870.2 | 704.0 | 510.0 | 212.6 | 67.0 | 23.5 | 0 |
| Goodwill | 634.0 | 628.5 | 623.4 | 624.8 | 605.0 | 538.8 | 69.3 | 47.3 | 31.6 | 0 |
| Intangible Assets | 1,009.3 | 1,084.8 | 1,166.4 | 1,212.8 | 1,034.7 | 707.6 | 185.6 | 52.9 | 27.2 | 0 |
| Long-Term Investments | 5.6 | 23.8 | 32.5 | 36.1 | 5.2 | 18.3 | 108.4 | 79.2 | 24.8 | 0 |
| Other Non-Current Assets | 13.6 | 13.3 | 12.5 | 15.5 | 24.2 | 167.4 | 8.8 | 7.4 | 5.3 | 0.0 |
| Total Non-Current Assets | 2,392.3 | 2,518.4 | 2,664.3 | 2,760.9 | 2,375.2 | 1,947.6 | 587.4 | 256.4 | 114.4 | 0.0 |
| Total Assets | 2,840.1 | 2,947.8 | 3,080.7 | 3,413.0 | 3,100.9 | 2,365.5 | 736.9 | 569.8 | 151.6 | 0.0 |
| Current Liabilities | ||||||||||
| Account Payables | 74.6 | 79.1 | 78.9 | 80.8 | 26.7 | 47.0 | 12.7 | 4.0 | 1.7 | 0 |
| Short-Term Debt | 74.4 | 137.2 | 70.3 | 81.9 | 23.4 | 22.2 | 28.8 | 2.4 | 0 | 0 |
| Deferred Revenue | 0 | 2.2 | 0.9 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 125.9 | 116.8 | 119.3 | 155.6 | 126.7 | 71.2 | 49.6 | 15.7 | 2.2 | 0.0 |
| Total Current Liabilities | 293.8 | 387.7 | 491.5 | 496.6 | 315.8 | 220.1 | 106.3 | 24.8 | 4.8 | 0.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 512.0 | 466.6 | 545.5 | 570.5 | 457.3 | 285.0 | 88.0 | 81.9 | 10.2 | 0 |
| Deferred Tax Liabilities | 211.6 | 244.5 | 295.7 | 308.8 | 257.4 | 200.8 | 22.6 | 6.5 | 3.5 | 0 |
| Other Non-Current Liabilities | 535.1 | 397.9 | 106.0 | 142.2 | 79.2 | 9.3 | 35.3 | 21.0 | 28.3 | 0 |
| Total Non-Current Liabilities | 1,707.6 | 1,567.3 | 1,423.9 | 1,516.2 | 1,122.2 | 765.6 | 227.2 | 109.4 | 42.0 | 0 |
| Total Liabilities | 2,001.4 | 1,955.0 | 1,915.4 | 2,012.8 | 1,438.0 | 985.7 | 333.5 | 134.2 | 46.8 | 0.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 2,222.9 | 1,754.4 | 693.7 | 657.5 | 109.9 | 0.3 |
| Retained Earnings | (1,584.4) | (1,355.4) | (1,134.9) | (859.2) | (488.8) | (190.1) | (132.9) | (65.7) | (8.9) | (0.3) |
| Accumulated Other Comprehensive Income | (1.8) | (20.1) | (11.8) | (18.6) | (250.6) | (180.4) | (146.8) | (146.8) | 5.4 | 0 |
| Total Stockholders' Equity | 755.0 | 860.7 | 1,045.3 | 1,279.1 | 1,544.0 | 1,378.7 | 408.8 | 440.8 | 105.4 | 0.0 |
| Total Liabilities & Equity | 2,840.1 | 2,947.8 | 3,080.7 | 3,413.0 | 3,100.9 | 2,366.5 | 736.9 | 569.8 | 151.6 | 0.0 |
| Debt Metrics | ||||||||||
| Total Debt | 1,035.2 | 1,062.1 | 1,092.6 | 1,147.1 | 809.0 | 577.7 | 198.1 | 84.3 | 10.2 | 0 |
| Net Debt | 933.8 | 954.9 | 1,001.3 | 984.0 | 510.1 | 504.2 | 155.8 | (182.3) | (10.8) | (0.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (251.4) | (221.2) | (234.0) | (248.2) | (204.1) | (60.2) | (68.8) | (53.6) | (2.9) | (0.1) |
| Depreciation & Amortization | 143.9 | 238.1 | 215.8 | 159.1 | 132.4 | 83.9 | 38.1 | 8.2 | 3.9 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 122.5 | 98.7 | 34.8 | 63.4 | (55.3) | 30.1 | (14.3) | 13.7 | 2.9 | 0.0 |
| Other Non-Cash Items | 125.4 | 91.2 | 90.6 | 84.8 | 79.8 | (53.2) | (1.3) | (2.1) | (12.1) | 0 |
| Operating Cash Flow | 140.3 | 154.8 | 76.6 | 44.6 | (57.8) | 13.0 | (39.2) | (31.4) | (8.0) | (0.1) |
| Investing Activities | ||||||||||
| Capital Expenditure | (64.6) | (88.7) | (66.6) | (129.3) | (170.4) | (132.9) | (84.0) | (43.3) | (11.0) | 0.0 |
| Acquisitions | 0 | (3.2) | 0.5 | (85.8) | 60.1 | (70.7) | (82.4) | (27.3) | (29.7) | 0 |
| Purchases of Investments | 0 | (0.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 8.1 | 0 | 10.6 | 29.6 | 1.1 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (6.0) | (0.1) | (4.8) | (6.6) | 1.5 | (4.9) | (42.4) | (56.6) | (19.0) | 0 |
| Investing Cash Flow | (71.8) | (89.3) | (75.9) | (211.2) | (79.3) | (207.5) | (208.8) | (127.4) | (59.8) | (0.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (25.3) | (31.9) | (43.7) | 59.5 | 128.8 | 193.0 | (3.2) | 74.0 | 1.6 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (0.9) | (2.5) | (1.0) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (49.7) | (19.8) | (40.5) | (19.9) | (5.3) | 13.9 | 20.2 | (63.2) | 0 | 0 |
| Financing Cash Flow | (74.8) | (51.6) | (72.5) | 40.1 | 361.9 | 235.9 | 18.5 | 391.9 | 21.3 | 0 |
| Cash Position | ||||||||||
| Net Change in Cash | (5.8) | 15.8 | (71.8) | (135.8) | 225.4 | 31.2 | (224.3) | 245.6 | 21.0 | (0.1) |
| Cash at Beginning | 107.2 | 91.3 | 163.1 | 298.9 | 73.5 | 42.3 | 266.6 | 21.0 | 0.0 | 0.1 |
| Cash at End | 101.4 | 107.2 | 91.3 | 163.1 | 298.9 | 73.5 | 42.3 | 266.6 | 21.0 | 0.0 |
| Free Cash Flow | 75.8 | 66.1 | 10.0 | (84.7) | (228.2) | (119.9) | (123.2) | (74.7) | (19.0) | (0.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 1,290.3 | 1,278.3 | 1,371.3 | 1,224.9 | 1,185.5 | 659.7 | 226.2 | 73.1 | 20.0 | 0 | 0 | 0 |
| Gross Profit | 498.2 | 445.0 | 486.4 | 492.6 | 480.4 | 111.6 | 12.5 | 36.5 | 8.6 | 0 | 0 | 0 |
| Operating Income | 25.9 | 19.2 | 43.7 | 62.4 | 58.1 | (160.2) | (128.4) | (27.5) | (11.1) | (0.1) | (0.2) | (0.0) |
| Net Income | (235.1) | (226.7) | (286.4) | (355.4) | (204.1) | (60.2) | (68.8) | (53.6) | (2.9) | (0.1) | (0.2) | (0.0) |
| EPS (Diluted) | -0.31 | -0.29 | -0.40 | -0.53 | -0.16 | -0.11 | -0.15 | -0.16 | -0.02 | -0.10 | -0.20 | -0.06 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 101.4 | 107.2 | 91.3 | 163.1 | 298.9 | 73.5 | 42.3 | 266.6 | 21.0 | 0.0 | ||
| Total Assets | 2,840.1 | 2,947.8 | 3,080.7 | 3,413.0 | 3,100.9 | 2,365.5 | 736.9 | 569.8 | 151.6 | 0.0 | ||
| Total Debt | 1,035.2 | 1,062.1 | 1,092.6 | 1,147.1 | 809.0 | 577.7 | 198.1 | 84.3 | 10.2 | 0 | ||
| Stockholders' Equity | 755.0 | 860.7 | 1,045.3 | 1,279.1 | 1,544.0 | 1,378.7 | 408.8 | 440.8 | 105.4 | 0.0 | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 140.3 | 154.8 | 76.6 | 44.6 | (57.8) | 13.0 | (39.2) | (31.4) | (8.0) | (0.1) | ||
| Capital Expenditure | (64.6) | (88.7) | (66.6) | (129.3) | (170.4) | (132.9) | (84.0) | (43.3) | (11.0) | 0.0 | ||
| Free Cash Flow | 75.8 | 66.1 | 10.0 | (84.7) | (228.2) | (119.9) | (123.2) | (74.7) | (19.0) | (0.1) | ||