Planet 13 Holdings (PLNH) Gross Margin
Planet 13 Holdings (PLNH) currently has a gross margin of 41.0%. Margins are expanding over recent quarters. The company is a multi-state cannabis operator (MSO) trading on the OTC.
Current Gross Margin
41.0%
Margin Trend
Expanding
Latest Quarter Margin
53.9%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $22.9M | $10.5M | $12.3M | 53.9% |
| FY2026 Q1 | $21.1M | $11.7M | $9.4M | 44.6% |
| FY2025 Q4 | $25.2M | $14.0M | $11.2M | 44.6% |
| FY2025 Q3 | $23.3M | $18.3M | $5.0M | 21.3% |
| FY2025 Q2 | $26.9M | $15.2M | $11.7M | 43.4% |
| FY2025 Q1 | $28.0M | $16.0M | $12.0M | 42.8% |
| FY2024 Q4 | $30.3M | $17.2M | $13.1M | 43.2% |
| FY2024 Q3 | $32.2M | $15.5M | $16.7M | 51.9% |
| FY2024 Q2 | $31.1M | $15.3M | $15.8M | 50.9% |
| FY2024 Q1 | $22.9M | $12.4M | $10.5M | 45.8% |
| FY2023 Q4 | $23.0M | $12.0M | $11.0M | 47.8% |
| FY2023 Q3 | $24.8M | $13.7M | $11.1M | 44.7% |
Frequently Asked Questions
What is PLNH's current gross margin?+
Gross margin for Planet 13 Holdings 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%. Planet 13 Holdings'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 PLNH's margins change quarter to quarter?+
Gross margin fluctuations for Planet 13 Holdings 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.