Marimed
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Marimed (MRMD) investor relations material

Marimed Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary12 Nov, 2026

Executive summary

  • Record Q3 revenue of $44.227M, up 5.5% QoQ and 8.5% YoY; Adjusted EBITDA rose 18% sequentially to $4.657M, its 27th consecutive positive quarter.

  • Wholesale and retail growth, brand share gains, loyalty engagement and positive operating cash flow supported results amid pricing pressure.

Financial highlights

  • Q3 revenue was $44.227M versus $40.764M a year ago; nine-month revenue was $125.633M versus $118.176M.

  • Q3 GAAP net loss was $3.487M and adjusted non-GAAP net loss was $2.252M; GAAP operating income was $1.221M.

  • Q3 GAAP gross margin was 38.8%, and non-GAAP gross margin was 40.0%, down from 41.4% a year ago.

  • Income tax provision was $2.743M despite a $0.744M pretax loss; interest expense was $2M.

  • Q3 operating cash flow was $3.5M versus $2.7M a year ago; nine-month operating cash flow was $7.240M.

Outlook and guidance

  • No formal Q4 guidance; priorities include leveraging brands, production capacity and operating efficiencies to grow market share, open accounts and invest in the business.

  • New York processing kitchen remains on schedule for H1 2027; licensing and third-party distribution aim to extend brand reach with limited capital.

  • Growth strategy emphasizes brand innovation, edibles and beverages, broader distribution, licensing, MSA expansion and high-ROIC opportunities.

  • Pricing compression, especially in Massachusetts, and inflation-driven production costs may pressure margins and profitability.

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Frequently asked questions

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