Earth Science Tech (ETST) Gross Margin
Earth Science Tech (ETST) currently has a gross margin of 71.4%. Margins are contracting over recent quarters. The company is a multi-state cannabis operator (MSO) trading on the OTC.
Current Gross Margin
71.4%
Margin Trend
Contracting
Latest Quarter Margin
69.5%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $9.0M | $2.8M | $6.3M | 69.5% |
| FY2026 Q1 | $9.5M | $3.2M | $6.3M | 66.1% |
| FY2025 Q4 | $8.4M | $2.0M | $6.4M | 76.3% |
| FY2025 Q3 | $9.1M | $2.3M | $6.7M | 74.3% |
| FY2025 Q2 | $8.8M | $2.7M | $6.1M | 69.5% |
| FY2025 Q1 | $8.7M | $2.1M | $6.5M | 75.3% |
| FY2024 Q4 | $7.4M | $2.3M | $5.1M | 69.2% |
| FY2024 Q3 | $8.5M | $2.3M | $6.3M | 73.6% |
| FY2024 Q2 | $8.6M | $2.2M | $6.4M | 74.8% |
| FY2024 Q1 | $6.0M | $1.9M | $4.1M | 68.5% |
| FY2023 Q4 | $3.8M | $1.4M | $2.4M | 62.7% |
| FY2023 Q3 | $1.9M | $746.2K | $1.2M | 61.3% |
Frequently Asked Questions
What is ETST's current gross margin?+
Gross margin for Earth Science Tech is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. Earth Science Tech's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do ETST's margins change quarter to quarter?+
Gross margin fluctuations for Earth Science Tech can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.