What is CURALEAF HLDGS INC NEW's earnings per share (EPS)?

CURALEAF HLDGS INC NEW (CURLD) reported diluted earnings per share of -$0.35 for fiscal year 2025. This represents a -9.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

CURALEAF HLDGS INC NEW (CURLD) Financials

CURLD

FY2025 annual

Revenue $1.3B -5.0% YoY

Net Income -$231.1M -7.3% YoY

EPS (Diluted) -$0.35 -9.4% YoY

Free Cash Flow $74.3M +4.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Feb 27, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Feb 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CURLD SEC filings page.

CURALEAF HLDGS INC NEW (CURLD) reported $1.3B in revenue for fiscal year 2025, down 5.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial health score not available

CURALEAF HLDGS INC NEW does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

0.57

CURALEAF HLDGS INC NEW scores 0.57, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.7B) relative to total liabilities ($2.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

CURALEAF HLDGS INC NEW passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

CURALEAF HLDGS INC NEW reported a net loss of $231.1M while generating $137.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.48x

CURALEAF HLDGS INC NEW earns $0.48 in operating income for every $1 of interest expense ($25.4M vs $53.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$101.6M

YoY-5.3%

QoQ-5.3%

CURALEAF HLDGS INC NEW held $101.6M in cash against $512.9M in long-term debt as of Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

CURLD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CURLD quarterly income statement

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21
Revenue	$1.3B-5.0%	$1.3B-0.9%	$1.3B+5.6%	$1.3B+6.6%	$1.2B
Cost of Revenue	$637.1M-8.1%	$693.5M-5.3%	$732.2M+12.8%	$649.0M+3.6%	$626.2M
Gross Profit	$631.0M-1.5%	$640.8M+4.3%	$614.4M-1.9%	$626.4M+9.9%	$569.8M
R&D Expenses	$805K-43.3%	$1.4M	N/A	N/A	N/A
SG&A Expenses	$428.4M+2.4%	$418.5M+0.9%	$414.8M-1.2%	$419.9M+8.6%	$386.6M
Operating Income	$25.4M+2.9%	$24.7M-42.3%	$42.9M-34.0%	$65.0M+11.0%	$58.6M
EBITDA	$222.1M-13.3%	$256.2M+7.3%	$238.8M+8.1%	$221.0M+23.4%	$179.1M
Interest Expense	$53.5M+0.6%	$53.2M-1.0%	$53.7M	N/A	N/A
Income Tax	$123.7M+25.9%	$98.3M-14.3%	$114.6M-35.9%	$178.8M+17.3%	$152.4M
Net Income	-$231.1M-7.3%	-$215.4M+23.4%	-$281.2M+24.0%	-$370.1M-79.7%	-$205.9M
EPS (Basic)	-$0.35-9.4%	-$0.32+17.9%	-$0.39+25.0%	-$0.52-79.3%	-$0.29
EPS (Diluted)	-$0.35-9.4%	-$0.32+17.9%	-$0.39+25.0%	-$0.52-79.3%	-$0.29
Diluted Shares (Avg)	762M+2.9%	741M+2.3%	724M+1.8%	711M+1.8%	699M

Metric	Q4'2510-K	Q4'2410-K	Q4'23	Q4'22	Q4'21

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

CURLD Balance Sheet

CURLD quarterly balance sheet

Metric	Q4'2510-K	Q4'2410-K	Q4'23	Q4'22	Q4'21
Total Assets	$2.8B-3.5%	$2.9B-4.7%	$3.1B-9.3%	$3.4B+10.0%	$3.1B
Current Assets	$448.6M+3.3%	$434.4M+3.8%	$418.6M-35.8%	$652.4M-10.2%	$726.6M
Cash & Equivalents	$101.6M-5.3%	$107.2M+16.8%	$91.8M-43.7%	$163.2M-45.5%	$299.3M
Inventory	$225.0M+3.7%	$216.9M+0.5%	$215.9M-8.0%	$234.8M-5.4%	$248.1M
Accounts Receivable	$73.9M+15.4%	$64.0M+6.7%	$60.0M+32.8%	$45.2M-25.2%	$60.4M
Goodwill	$635.1M+1.0%	$628.9M+0.4%	$626.6M+0.2%	$625.1M+9.4%	$571.7M
Total Liabilities	$2.0B+2.5%	$2.0B+1.6%	$1.9B-4.4%	$2.0B+39.8%	$1.4B
Current Liabilities	$294.3M-24.1%	$387.9M-21.5%	$494.0M-0.6%	$496.9M+57.1%	$316.2M
Non-Current Liabilities	$1.7B+9.1%	$1.6B+9.6%	$1.4B-5.6%	$1.5B+35.0%	$1.1B
Long-Term Debt	$512.9M+9.9%	$466.9M-14.8%	$548.3M-3.9%	$570.8M+24.6%	$457.9M
Total Equity	$756.4M-12.2%	$861.2M-18.0%	$1.1B-17.9%	$1.3B-17.2%	$1.5B
Retained Earnings	-$1.6B-17.0%	-$1.4B-18.9%	-$1.1B-32.7%	-$859.6M-75.6%	-$489.5M

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

CURLD Cash Flow Statement

CURLD quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21
Operating Cash Flow	$137.7M-15.8%	$163.6M+117.4%	$75.3M+62.2%	$46.4M+179.6%	-$58.3M
Depreciation & Amortization	$196.6M-15.1%	$231.5M+18.2%	$195.9M+25.6%	$156.0M+29.4%	$120.5M
Stock-Based Compensation	$35.7M+39.1%	$25.7M+28.4%	$20.0M-28.6%	$28.0M-29.0%	$39.5M
Capital Expenditures	$63.4M-31.4%	$92.4M+41.2%	$65.4M-51.4%	$134.6M-21.7%	$172.0M
Free Cash Flow	$74.3M+4.3%	$71.2M+625.3%	$9.8M+111.1%	-$88.2M+61.7%	-$230.2M
Investing Cash Flow	-$70.3M+25.0%	-$93.8M-19.2%	-$78.7M+64.2%	-$219.9M-34.1%	-$164.0M
Financing Cash Flow	-$73.5M-35.5%	-$54.2M+19.1%	-$67.0M-260.4%	$41.8M-90.7%	$449.1M

Metric	Q4'2510-K	Q4'2410-K	Q4'23	Q4'22	Q4'21

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

CURLD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CURLD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21
Gross Margin	49.8%+1.7pp	48.0%+2.4pp	45.6%-3.5pp	49.1%+1.5pp	47.6%
Operating Margin	2.0%+0.2pp	1.8%-1.3pp	3.2%-1.9pp	5.1%+0.2pp	4.9%
Net Margin	-18.2%-2.1pp	-16.2%+4.7pp	-20.9%+8.1pp	-29.0%-11.8pp	-17.2%
Return on Equity	-30.6%-5.5pp	-25.0%+1.8pp	-26.8%+2.2pp	-28.9%-15.6pp	-13.3%
Return on Assets	-8.1%-0.8pp	-7.3%+1.8pp	-9.1%+1.8pp	-10.8%-4.2pp	-6.6%
Current Ratio	1.52+0.4x	1.12+0.3x	0.85-0.5x	1.31-1.0x	2.30
Debt-to-Equity	0.68+0.1x	0.540.0x	0.52+0.1x	0.45+0.1x	0.30
Asset Turnover	0.450.0x	0.450.0x	0.43+0.1x	0.370.0x	0.39
FCF Margin	5.9%+0.5pp	5.3%+4.6pp	0.7%+7.6pp	-6.9%+12.3pp	-19.3%

Metric	Q4'2510-K	Q4'2410-K	Q4'23	Q4'22	Q4'21
Current Ratio	1.52+0.4x	1.12+0.3x	0.85-0.5x	1.31-1.0x	2.30
Debt-to-Equity	0.68+0.1x	0.540.0x	0.52+0.1x	0.45+0.1x	0.30

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where CURALEAF HLDGS INC NEW Ranks

Frequently Asked Questions

What is CURALEAF HLDGS INC NEW's annual revenue?

CURALEAF HLDGS INC NEW (CURLD) reported $1.3B in total revenue for fiscal year 2025. This represents a -5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is CURALEAF HLDGS INC NEW's revenue growing?

CURALEAF HLDGS INC NEW (CURLD) revenue declined by 5.0% year-over-year, from $1.3B to $1.3B in fiscal year 2025.

Is CURALEAF HLDGS INC NEW profitable?

No, CURALEAF HLDGS INC NEW (CURLD) reported a net income of -$231.1M in fiscal year 2025, with a net profit margin of -18.2%.

What is CURALEAF HLDGS INC NEW's EBITDA?

CURALEAF HLDGS INC NEW (CURLD) had EBITDA of $222.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does CURALEAF HLDGS INC NEW have?

As of fiscal year 2025, CURALEAF HLDGS INC NEW (CURLD) had $101.6M in cash and equivalents against $512.9M in long-term debt.

What is CURALEAF HLDGS INC NEW's gross margin?

CURALEAF HLDGS INC NEW (CURLD) had a gross margin of 49.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is CURALEAF HLDGS INC NEW's operating margin?

CURALEAF HLDGS INC NEW (CURLD) had an operating margin of 2.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is CURALEAF HLDGS INC NEW's net profit margin?

CURALEAF HLDGS INC NEW (CURLD) had a net profit margin of -18.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is CURALEAF HLDGS INC NEW's return on equity (ROE)?

CURALEAF HLDGS INC NEW (CURLD) has a return on equity of -30.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is CURALEAF HLDGS INC NEW's free cash flow?

CURALEAF HLDGS INC NEW (CURLD) generated $74.3M in free cash flow during fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is CURALEAF HLDGS INC NEW's operating cash flow?

CURALEAF HLDGS INC NEW (CURLD) generated $137.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are CURALEAF HLDGS INC NEW's total assets?

CURALEAF HLDGS INC NEW (CURLD) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are CURALEAF HLDGS INC NEW's capital expenditures?

CURALEAF HLDGS INC NEW (CURLD) invested $63.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does CURALEAF HLDGS INC NEW spend on research and development?

CURALEAF HLDGS INC NEW (CURLD) invested $805K in research and development during fiscal year 2025.

What is CURALEAF HLDGS INC NEW's current ratio?

CURALEAF HLDGS INC NEW (CURLD) had a current ratio of 1.52 as of fiscal year 2025, which is generally considered healthy.

What is CURALEAF HLDGS INC NEW's debt-to-equity ratio?

CURALEAF HLDGS INC NEW (CURLD) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is CURALEAF HLDGS INC NEW's return on assets (ROA)?

CURALEAF HLDGS INC NEW (CURLD) had a return on assets of -8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is CURALEAF HLDGS INC NEW's Altman Z-Score?

CURALEAF HLDGS INC NEW (CURLD) has an Altman Z-Score of 0.57, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is CURALEAF HLDGS INC NEW's Piotroski F-Score?

CURALEAF HLDGS INC NEW (CURLD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are CURALEAF HLDGS INC NEW's earnings high quality?

CURALEAF HLDGS INC NEW (CURLD) reported a net loss of $231.1M while generating $137.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can CURALEAF HLDGS INC NEW cover its interest payments?

CURALEAF HLDGS INC NEW (CURLD) has an interest coverage ratio of 0.48x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.