)
Visual
earnings real time
Marimed (MRMD) investor relations material
Marimed Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Achieved sequential growth in wholesale and retail revenue, with adjusted EBITDA and positive cash flow from operations also increasing.
Expanded brand distribution to Maine, Pennsylvania, and New York through new agreements, supporting the 'Expand the Brand' growth strategy.
Completed acquisition of First State Compassion Center in Delaware and finalized two dispensary acquisitions in Illinois and Maryland in 2024.
Maintained significant brand share in core markets despite industry challenges such as price pressure and retail oversaturation.
Exited the Missouri market to focus on more profitable opportunities, with minimal financial impact expected.
Financial highlights
Q3 2025 consolidated revenue was $40.8M, up 0.4% year-over-year and 3% sequentially; nine-month revenue was $118.2M, down 0.5% from prior year.
Wholesale revenue grew to $18.0M in Q3 2025 from $16.3M in Q3 2024; retail revenue declined to $22.6M from $23.4M.
Adjusted EBITDA for Q3 2025 was $5.1M (12.6% margin), up from $4.7M (11.5% margin) in Q3 2024.
GAAP net loss was $2.9M for Q3 2025, compared to $1.0M in Q3 2024; nine-month net loss was $9.9M.
Cash and cash equivalents at September 30, 2025: $6.6M, down from $7.3M at year-end 2024.
Outlook and guidance
Management expects current cash and future funding to be sufficient for at least the next twelve months, with disciplined capital allocation and continued expansion.
Anticipates brand distribution in Pennsylvania and New York to begin in 2026, pending regulatory approval and facility build-outs.
Expects continued topline growth from wholesale expansion and new product launches, including hemp-derived THC products.
Margins anticipated to remain stable in Q4, with slight expansion expected in the new year as efficiencies are realized.
Q4/2026 margin outlook given Q3 pressures?
Hemp market entry: next steps after Rhode Island?
How ensure brand quality with licensing partners?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Marimed earnings date
Q4 20255 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
MariMed, Inc. operates as an integrated cannabis company that develops and licenses production and dispensing of medicinal and recreational cannabis, and owns the largest cannabis dispensing chain in the United States. Through its subsidiaries, the company produces and sells cannabis-infused products, including flower, concentrates, vaporizer cartridges used in e-cigarettes and packaging materials to producers of vape cartridges.
It provides training on topics related to cultivation techniques and strategic launch of products; and provides leasing support as well as on-site training programs for dispensary employees. The company also offers advisory services to help clients establish marijuana cultivation facilities; develop brands; build facilities or execute mergers and acquisitions.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage