PLANET 13 HLDGS INC NEV (PLNH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PLNH SEC filings page.
PLANET 13 HLDGS INC NEV (PLNH) reported $92.4M in revenue over the twelve months to Jun 30, 2026, down 21.2% from the prior twelve months. 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).
Debt remains modest, but FY2025 paired shrinking sales with thinner margins, renewed cash use, and a much smaller equity cushion.
Operating cash flow reached$5.2M in FY2024 but turned to-$14.2M in FY2025, reversing the prior year's cash improvement. Free cash flow also fell to-$20.8M , so the FY2024 improvement in net loss did not establish durable cash conversion.
Revenue declined
By FY2025, liabilities reached
Financial Health Signals
PLANET 13 HLDGS INC NEV 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.
PLANET 13 HLDGS INC NEV passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
PLANET 13 HLDGS INC NEV reported a net loss of $63.9M while operations used $14.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
PLANET 13 HLDGS INC NEV generated $22.9M in revenue in Q2 2026. This represents a decrease of 14.9% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.
PLANET 13 HLDGS INC NEV reported -$5.6M in net income in Q2 2026. This represents an increase of 58.0% from the same quarter a year earlier. Against the prior quarter it is up 31.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
PLANET 13 HLDGS INC NEV generated $179K in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 105.1% from the same quarter a year earlier. Against the prior quarter it is up 121.4%.
PLANET 13 HLDGS INC NEV held $6.6M in cash against $1.3M in long-term debt as of Q2 2026, with $20.8M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
PLANET 13 HLDGS INC NEV's gross margin was 53.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 10.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.3 percentage points.
PLANET 13 HLDGS INC NEV's net profit margin was -24.4% in Q2 2026, showing the share of revenue converted to profit. This is up 25.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.9 percentage points.
PLANET 13 HLDGS INC NEV's ROE was -14.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
PLANET 13 HLDGS INC NEV invested $423K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 81.4% from the same quarter a year earlier. Against the prior quarter it is down 36.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
PLNH 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.9M-14.9% | $21.1M-24.8% | $25.2M-16.7% | $23.3M-27.6% | $26.9M-13.6% | $28.0M+22.5% | $30.3M+31.8% | $32.2M+29.7% |
| Cost of Revenue | $10.5M-30.7% | $11.7M-27.1% | $14.0M-18.7% | $18.3M+18.4% | $15.2M-0.4% | $16.0M+29.3% | $17.2M+43.5% | $15.5M+12.7% |
| Gross Profit | $12.3M+5.7% | $9.4M-21.6% | $11.2M-14.1% | $5.0M-70.3% | $11.7M-26.4% | $12.0M+14.5% | $13.1M+19.2% | $16.7M+50.8% |
| SG&A Expenses | $11.3M-16.9% | $11.2M-20.0% | $12.0M-15.0% | $12.0M-18.9% | $13.6M+11.1% | $14.0M+39.8% | $14.1M+59.2% | $14.8M+30.3% |
| Interest Expense | -$96K+74.7% | -$79K+55.2% | $169K+135.7% | -$92K-403.8% | -$377K-546.1% | -$176K-818.2% | -$472K-1412.7% | $30K+179.3% |
| Income Tax | $2.9M-55.3% | $4.2M+1689.1% | $4.2M+219.5% | $818K-81.8% | $6.4M+58.6% | $234K-90.0% | $1.3M-67.2% | $4.5M+89.9% |
| Net Income | -$5.6M+58.0% | -$8.1M-295.5% | -$4.6M+82.5% | -$44.0M-493.1% | -$13.3M-64.8% | -$2.0M+65.1% | -$26.4M-85.4% | -$7.4M+84.0% |
| EPS (Basic) | -$0.02+50.0% | -$0.02-100.0% | -$0.02+75.0% | -$0.14-600.0% | -$0.04-33.3% | -$0.01+66.7% | -$0.08-33.3% | -$0.02+90.5% |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA, EPS (Diluted), Diluted Shares (Avg).
PLNH Balance Sheet
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $144.3M-28.2% | $146.9M-27.9% | $152.3M-26.3% | $158.5M-34.8% | $201.0M-17.1% | $203.8M+29.5% | $206.7M+36.2% | $243.0M+49.9% |
| Current Assets | $37.5M-24.7% | $37.8M-26.9% | $41.1M-24.2% | $45.1M-22.5% | $49.8M-9.0% | $51.7M-1.9% | $54.3M+14.8% | $58.2M+46.2% |
| Cash & Equivalents | $6.6M-58.5% | $6.0M-61.4% | $5.3M-77.2% | $17.2M-37.3% | $15.9M-40.6% | $15.6M-25.1% | $23.4M+97.7% | $27.4M+81.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $15.7M-36.0% | $17.2M-29.0% | $18.1M-20.5% | $20.1M-12.0% | $24.5M+17.9% | $24.2M+42.4% | $22.8M+44.8% | $22.8M+53.2% |
| Accounts Receivable | $560K-64.9% | $713K-56.4% | $1.0M-31.6% | $1.7M+32.7% | $1.6M+48.1% | $1.6M+57.8% | $1.5M+23.2% | $1.3M+6.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $45.2M |
| Total Liabilities | $105.5M+2.4% | $103.2M+10.9% | $101.2M+7.6% | $103.9M+12.6% | $103.1M+22.1% | $93.1M+103.9% | $94.0M+113.2% | $92.3M+122.3% |
| Current Liabilities | $20.8M-24.3% | $21.3M-15.6% | $23.1M-8.7% | $26.5M-37.8% | $27.5M-20.8% | $25.3M+55.0% | $25.3M+65.8% | $42.6M+219.3% |
| Non-Current Liabilities | $84.6M+12.1% | $81.9M+20.8% | $78.0M+13.6% | $77.4M+55.9% | $75.5M+52.2% | $67.8M+131.0% | $68.7M+138.3% | $49.7M+76.3% |
| Long-Term Debt | $1.3M+5.0% | $1.2M+4.9% | $1.2M+4.8% | $1.2M | $1.2M | $1.2M | $1.2M+33.2% | N/A |
| Total Equity | $38.8M-60.4% | $43.7M-60.5% | $51.1M-54.6% | $54.6M-63.8% | $97.9M-38.0% | $110.7M-0.9% | $112.7M+4.7% | $150.7M+25.0% |
| Retained Earnings | -$333.7M-22.9% | -$328.1M-27.1% | -$320.0M-25.0% | -$315.4M-37.3% | -$271.5M-22.1% | -$258.2M-20.5% | -$256.1M-22.9% | -$229.7M-18.4% |
PLNH Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $602K+149.1% | -$173K+96.7% | -$3.6M-152.9% | -$4.2M-244.3% | -$1.2M-123.6% | -$5.2M-262.6% | -$1.4M-66.8% | $2.9M+242.7% |
| Depreciation & Amortization | $2.2M-31.6% | $2.2M-27.8% | $2.4M-34.1% | $2.8M-23.1% | $3.2M-0.9% | $3.1M+2.1% | $3.6M+21.0% | $3.6M+21.2% |
| Stock-Based Compensation | $661K+33.0% | $694K+1050.8% | N/A | $617K+2326.2% | $497K+1878.2% | $60K-42.2% | N/A | $25K-95.8% |
| Capital Expenditures | $423K-81.4% | $665K-75.3% | $756K-70.5% | $849K-65.5% | $2.3M-44.1% | $2.7M-8.7% | $2.6M+9.0% | $2.5M+24.9% |
| Free Cash Flow | $179K+105.1% | -$838K+89.4% | -$4.4M-9.6% | -$5.0M-1300.2% | -$3.5M-412.1% | -$7.9M-80.0% | -$4.0M-24.5% | $417K+110.4% |
| Investing Cash Flow | -$378K+83.4% | $855K+131.8% | $2.0M+179.1% | $5.5M+322.8% | -$2.3M-154.6% | -$2.7M+8.5% | -$2.5M-8.4% | -$2.5M-26.3% |
| Financing Cash Flow | $0-100.0% | $0-100.0% | $0+100.0% | $0-100.0% | $1.8M+150.5% | $52K-99.5% | -$46K-1527700.0% | $322K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PLNH 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.9%+10.5pp | 44.6%+1.8pp | 44.6%+1.4pp | 21.3%-30.6pp | 43.4%-7.5pp | 42.8%-3.0pp | 43.2%-4.6pp | 51.9%+7.3pp |
| Net Margin | -24.4%+25.1pp | -38.4%-31.1pp | -18.3%+69.0pp | -188.9% | -49.5%-23.6pp | -7.3%+18.4pp | -87.3%-25.2pp | -23.1% |
| Return on Equity | -14.4%-0.8pp | -18.5%-16.7pp | -9.0%+14.4pp | -80.5%-75.6pp | -13.6%-8.5pp | -1.8%+3.4pp | -23.5%-10.2pp | -4.9%+33.4pp |
| Return on Assets | -3.9%+2.7pp | -5.5%-4.5pp | -3.0%+9.8pp | -27.7%-24.7pp | -6.6%-3.3pp | -1.0%+2.7pp | -12.8%-3.4pp | -3.0%+25.5pp |
| Current Ratio | 1.800.0x | 1.77-0.3x | 1.78-0.4x | 1.70+0.3x | 1.81+0.2x | 2.05-1.2x | 2.14-1.0x | 1.37-1.6x |
| Debt-to-Equity | 0.030.0x | 0.030.0x | 0.020.0x | 0.02-0.6x | 0.01-0.5x | 0.01-0.4x | 0.010.0x | 0.61+0.3x |
| Asset Turnover | 0.160.0x | 0.140.0x | 0.170.0x | 0.150.0x | 0.130.0x | 0.140.0x | 0.150.0x | 0.130.0x |
| FCF Margin | 0.8%+13.8pp | -4.0%+24.1pp | -17.3%-4.2pp | -21.5%-22.8pp | -13.1%-16.7pp | -28.1%-9.0pp | -13.2%+0.8pp | 1.3%+17.4pp |
Not reported in any period shown, so not listed: Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PLANET 13 HLDGS INC NEV PLNH | FY2025 | $103.4M | -$63.9M | -61.8% | $36.5M | — |
| MARIMED INC MRMD | FY2025 | $159.8M | -$14.5M | -9.1% | $25.3M | — |
Where PLANET 13 HLDGS INC NEV Ranks
Frequently Asked Questions
What is PLANET 13 HLDGS INC NEV's annual revenue?
PLANET 13 HLDGS INC NEV (PLNH) reported $103.4M in total revenue for fiscal year 2025. This represents a -11.2% 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 PLANET 13 HLDGS INC NEV's revenue growing?
PLANET 13 HLDGS INC NEV (PLNH) revenue declined by 11.2% year-over-year, from $116.4M to $103.4M in fiscal year 2025.
Is PLANET 13 HLDGS INC NEV profitable?
No, PLANET 13 HLDGS INC NEV (PLNH) reported a net income of -$63.9M in fiscal year 2025, with a net profit margin of -61.8%.
How much debt does PLANET 13 HLDGS INC NEV have?
As of fiscal year 2025, PLANET 13 HLDGS INC NEV (PLNH) had $5.3M in cash and equivalents against $1.2M in long-term debt.
What is PLANET 13 HLDGS INC NEV's gross margin?
PLANET 13 HLDGS INC NEV (PLNH) had a gross margin of 38.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is PLANET 13 HLDGS INC NEV's net profit margin?
PLANET 13 HLDGS INC NEV (PLNH) had a net profit margin of -61.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is PLANET 13 HLDGS INC NEV's return on equity (ROE)?
PLANET 13 HLDGS INC NEV (PLNH) has a return on equity of -125.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is PLANET 13 HLDGS INC NEV's free cash flow?
PLANET 13 HLDGS INC NEV (PLNH) recorded an outflow of $20.8M in free cash flow during fiscal year 2025. This represents a -203.9% 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 PLANET 13 HLDGS INC NEV's operating cash flow?
PLANET 13 HLDGS INC NEV (PLNH) recorded an outflow of $14.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are PLANET 13 HLDGS INC NEV's total assets?
PLANET 13 HLDGS INC NEV (PLNH) had $152.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are PLANET 13 HLDGS INC NEV's capital expenditures?
PLANET 13 HLDGS INC NEV (PLNH) invested $6.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is PLANET 13 HLDGS INC NEV's current ratio?
PLANET 13 HLDGS INC NEV (PLNH) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
What is PLANET 13 HLDGS INC NEV's debt-to-equity ratio?
PLANET 13 HLDGS INC NEV (PLNH) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is PLANET 13 HLDGS INC NEV's return on assets (ROA)?
PLANET 13 HLDGS INC NEV (PLNH) had a return on assets of -42.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is PLANET 13 HLDGS INC NEV's P/E ratio?
PLANET 13 HLDGS INC NEV (PLNH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $36.5M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PLANET 13 HLDGS INC NEV's price-to-sales ratio?
PLANET 13 HLDGS INC NEV (PLNH) trades at 0.4x sales, its market capitalization divided by revenue of $92.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $36.5M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does PLANET 13 HLDGS INC NEV's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, PLANET 13 HLDGS INC NEV (PLNH) held $5.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $14.2M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is PLANET 13 HLDGS INC NEV's Piotroski F-Score?
PLANET 13 HLDGS INC NEV (PLNH) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 PLANET 13 HLDGS INC NEV's earnings high quality?
PLANET 13 HLDGS INC NEV (PLNH) reported a net loss of $63.9M while operations used $14.2M of cash. With neither figure positive, 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.