CURLF Chart
About

Curaleaf Holdings, Inc. engages in the retail and wholesale of cannabis products in the United States and internationally. The company operates licensed cultivation; and pharma-grade cannabis processing and manufacturing facilities. It also supplies cannabis on a wholesale basis to Australia, New Zealand, the United Kingdom and various European countries, including Germany, Italy, Poland, the Czech Republic, Switzerland, Sweden and Norway. In addition, the company operates a medical cannabis clinic and holds a pharmacy license. It serves the medical and adult-use cannabis markets through retail and wholesale channels. The company is based in Stamford, Connecticut.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 1.77B
Enterprise Value 2.76B Income -247.11M Sales 1.27B
Book/sh 0.98 Cash/sh 0.13 Dividend Yield —
Payout 0.00% Employees 5554 IPO —
P/E — Forward P/E -14.77 PEG —
P/S 1.40 P/B 2.34 P/C —
EV/EBITDA 12.44 EV/Sales 2.18 Quick Ratio 0.60
Current Ratio 1.52 Debt/Eq 123.42 LT Debt/Eq —
EPS (ttm) -0.32 EPS next Y -0.15 EPS Growth —
Revenue Growth 0.30% Earnings 2026-05-07 ROA 0.55%
ROE -22.02% ROIC — Gross Margin 49.76%
Oper. Margin 3.19% Profit Margin -18.22% Shs Outstand 680.97M
Shs Float 628.84M Short Float — Short Ratio —
Short Interest — 52W High 5.05 52W Low 0.68
Beta 1.45 Avg Volume 1.18M Volume 20.17K
Target Price $4.05 Recom Strong_buy Prev Close $2.25
Price $2.29 Change 1.78%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.05
Mean price target
2. Current target
$2.29
Latest analyst target
3. DCF / Fair value
$2.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.29
Low
$3.15
High
$5.00
Mean
$4.05

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-08-08 reit Needham Buy → Buy $6
2024-05-10 main Needham Buy → Buy $6
2024-03-08 main Wedbush Outperform → Outperform $6
2024-03-07 main Craig-Hallum Hold → Hold $4
2024-03-07 main Needham Buy → Buy $5
2023-08-10 reit Needham Buy → Buy $4
2023-05-19 reit Wedbush Outperform → Outperform $5
2023-05-19 down Benchmark Buy → Hold —
2023-05-18 reit Needham Buy → Buy $4
2023-05-02 main Needham — → Buy $4
2023-04-14 main Alliance Global Partners — → Buy $8
2023-04-14 reit Wedbush — → Outperform $9
2022-12-30 main Cantor Fitzgerald — → Overweight $12
2022-12-02 init Wedbush — → Outperform $9
2022-11-08 main Cantor Fitzgerald — → Overweight $13
2022-10-28 main Cantor Fitzgerald — → Overweight $14
2022-08-09 main Cantor Fitzgerald — → Overweight $14
2022-07-22 init Seaport Global — → Buy $9
2022-05-10 main Cantor Fitzgerald — → Overweight $15
2022-05-10 main Needham — → Buy $10
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 21684 — — Kacuba (Jeremy) Senior Officer of Issuer — 2026-02-26 00:00:00 D nan
1 8282 — Disposition in the public market at price 2.42 per share. Kacuba (Jeremy) Senior Officer of Issuer — 2026-02-26 00:00:00 D 20059.0
2 74260 — — Jordan (Boris) 10% Security Holder of Issuer — 2026-02-25 00:00:00 I nan
3 74260 — — Jordan (Boris) 10% Security Holder of Issuer — 2026-02-25 00:00:00 I nan
4 600000 — Acquisition under a purchase/ownership plan at price 0.10 per share. Lusardi (Joseph F.) Director of Issuer — 2026-02-20 00:00:00 D 62400.0
5 302267 — Disposition under a purchase/ownership plan at price 2.46 per share. Lusardi (Joseph F.) Director of Issuer — 2026-02-20 00:00:00 D 744483.0
6 600000 — Acquisition under a purchase/ownership plan at price 0.10 per share. Lusardi (Joseph F.) Director of Issuer — 2026-02-04 00:00:00 D 62400.0
7 303482 — Disposition under a purchase/ownership plan at price 2.19 per share. Lusardi (Joseph F.) Director of Issuer — 2026-02-04 00:00:00 D 665536.0
8 106151 — — Jordan (Boris) 10% Security Holder of Issuer — 2026-01-29 00:00:00 I nan
9 106151 — — Jordan (Boris) 10% Security Holder of Issuer — 2026-01-29 00:00:00 I nan
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.49M-8.98M-9.31M-12.81M
TaxRateForCalcs0.210.210.210.21
NormalizedEBITDA245.76M275.91M279.63M229.00M
TotalUnusualItems-7.10M-42.77M-44.36M-61.01M
TotalUnusualItemsExcludingGoodwill-7.10M-42.77M-44.36M-61.01M
NetIncomeFromContinuingOperationNetMinorityInterest-247.11M-209.64M-227.77M-258.48M
ReconciledDepreciation216.04M250.16M248.02M165.64M
ReconciledCostOfRevenue562.47M625.22M617.31M596.89M
EBITDA238.66M233.14M235.28M168.00M
EBIT22.61M-17.01M-12.74M2.35M
NetInterestIncome-100.17M-99.84M-99.84M-88.71M
InterestExpense100.83M100.62M100.62M88.84M
InterestIncome663.00K776.00K776.00K136.00K
NormalizedIncome-241.50M-175.85M-192.73M-210.28M
NetIncomeFromContinuingAndDiscontinuedOperation-273.36M-215.42M-238.17M-370.10M
TotalExpenses1.24B1.32B1.31B1.21B
RentExpenseSupplemental59.31M54.29M54.10M49.82M
TotalOperatingIncomeAsReported25.45M20.20M24.74M64.99M
DilutedAverageShares787.44M740.83M749.44M711.16M
BasicAverageShares762.09M740.83M740.83M711.16M
DilutedEPS-0.35-0.32-0.32-0.52
BasicEPS-0.35-0.32-0.32-0.52
DilutedNIAvailtoComStockholders-273.36M-215.42M-238.17M-370.10M
NetIncomeCommonStockholders-273.36M-215.42M-238.17M-370.10M
NetIncome-273.36M-215.42M-238.17M-370.10M
MinorityInterests-2.92M6.58M6.58M6.83M
NetIncomeIncludingNoncontrollingInterests-270.45M-222.01M-244.75M-376.93M
NetIncomeDiscontinuousOperations-26.25M-5.79M-10.40M-111.62M
NetIncomeContinuousOperations-244.20M-216.22M-234.35M-265.31M
EarningsFromEquityInterestNetOfTax-42.29M-22.75M
TaxProvision123.69M98.59M98.25M178.82M
PretaxIncome-78.21M-117.63M-113.36M-86.49M
OtherIncomeExpense-3.50M-37.99M-38.26M-62.77M
OtherNonOperatingIncomeExpenses3.60M4.79M6.10M-1.76M
SpecialIncomeCharges-10.44M-49.40M-49.36M-82.96M
GainOnSaleOfPPE-3.05M4.59M4.62M-548.00K
OtherSpecialCharges-1.69M-257.00K-257.00K-205.00K
ImpairmentOfCapitalAssets9.08M54.24M54.24M82.61M
GainOnSaleOfSecurity3.34M6.62M5.01M21.95M
NetNonOperatingInterestIncomeExpense-100.17M-99.84M-99.84M-88.71M
InterestExpenseNonOperating100.83M100.62M100.62M88.84M
InterestIncomeNonOperating663.00K776.00K776.00K136.00K
OperatingIncome25.45M20.20M24.74M64.99M
OperatingExpense605.57M619.05M616.03M561.43M
OtherOperatingExpenses5.30M4.21M
DepreciationAmortizationDepletionIncomeStatement141.39M171.82M171.80M113.53M
DepreciationAndAmortizationInIncomeStatement141.39M171.82M171.80M113.53M
ResearchAndDevelopment805.00K1.42M
SellingGeneralAndAdministration458.07M447.23M438.60M447.90M
SellingAndMarketingExpense45.69M48.48M47.08M39.75M
GeneralAndAdministrativeExpense412.38M398.74M391.52M408.15M
OtherGandA76.89M90.47M74.84M118.88M
InsuranceAndClaims9.53M9.07M
RentAndLandingFees59.31M54.29M54.10M49.82M
SalariesAndWages266.65M253.98M253.51M239.44M
GrossProfit631.02M639.25M640.78M626.42M
CostOfRevenue637.11M703.55M693.52M649.00M
TotalRevenue1.27B1.34B1.33B1.28B
OperatingRevenue1.27B1.34B1.33B1.28B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber772.47M750.06M733.73M717.49M
ShareIssued772.47M750.06M733.73M717.49M
NetDebt459.48M475.59M504.55M459.49M
TotalDebt826.97M853.82M883.55M928.73M
TangibleBookValue-889.88M-853.07M-748.43M-558.73M
InvestedCapital1.31B1.43B1.64B1.90B
WorkingCapital154.31M46.44M-75.43M155.56M
NetTangibleAssets-889.88M-853.07M-748.43M-558.73M
CapitalLeaseObligations278.31M285.20M295.78M306.06M
CommonStockEquity756.35M861.21M1.05B1.28B
TotalCapitalization1.27B1.33B1.60B1.85B
TotalEquityGrossMinorityInterest840.28M993.39M1.17B1.40B
MinorityInterest83.93M132.18M120.65M121.11M
StockholdersEquity756.35M861.21M1.05B1.28B
GainsLossesNotAffectingRetainedEarnings-1.81M-20.08M-11.88M-18.59M
OtherEquityAdjustments-1.81M-20.08M-11.88M-18.59M
TreasuryStock0.001.05M5.21M5.21M
RetainedEarnings-1.59B-1.36B-1.14B-859.55M
AdditionalPaidInCapital2.35B2.24B2.20B2.16B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest2.01B1.96B1.93B2.01B
TotalNonCurrentLiabilitiesNetMinorityInterest1.71B1.57B1.43B1.52B
OtherNonCurrentLiabilities207.50M205.66M214.97M225.02M
DuetoRelatedPartiesNonCurrent72.14M
TradeandOtherPayablesNonCurrent531.51M392.19M79.14M94.52M
NonCurrentDeferredLiabilities212.00M246.77M318.50M345.83M
NonCurrentDeferredTaxesLiabilities212.00M244.77M297.19M308.97M
LongTermDebtAndCapitalLeaseObligation759.71M723.77M818.65M851.51M
LongTermCapitalLeaseObligation246.79M256.88M270.36M280.72M
LongTermDebt512.92M466.90M548.29M570.79M
CurrentLiabilities294.31M387.93M494.03M496.87M
OtherCurrentLiabilities19.93M20.07M28.11M61.53M
CurrentDeferredLiabilities3.60M35.44M23.21M25.12M
CurrentDeferredRevenue634.00K2.37M866.00K676.00K
CurrentDebtAndCapitalLeaseObligation67.25M130.05M64.90M77.22M
CurrentCapitalLeaseObligation31.52M28.33M25.42M25.34M
CurrentDebt35.73M101.72M39.48M51.88M
OtherCurrentBorrowings35.73M101.72M39.48M51.88M
PayablesAndAccruedExpenses203.54M202.36M377.82M332.99M
CurrentAccruedExpenses91.29M79.30M79.49M32.12M
InterestPayable1.70M10.79M6.33M3.90M
Payables112.24M123.07M298.33M300.87M
OtherPayable4.99M5.82M7.57M60.83M
TotalTaxPayable32.53M38.12M211.44M159.25M
IncomeTaxPayable18.95M23.41M198.06M149.57M
AccountsPayable74.72M79.13M79.32M80.79M
TotalAssets2.85B2.95B3.10B3.41B
TotalNonCurrentAssets2.40B2.52B2.68B2.76B
OtherNonCurrentAssets2.05M2.95M12.57M15.46M
NonCurrentPrepaidAssets11.08M10.32M0.00
NonCurrentDeferredAssets443.00K401.00K419.00K1.56M
NonCurrentDeferredTaxesAssets443.00K401.00K419.00K1.56M
NonCurrentNoteReceivables2.98M2.04M0.000.00
NonCurrentAccountsReceivable2.38M20.04M30.17M33.30M
InvestmentsAndAdvances263.00K1.71M15.05M2.80M
LongTermEquityInvestment263.00K1.71M
GoodwillAndOtherIntangibleAssets1.65B1.71B1.80B1.84B
OtherIntangibleAssets1.01B1.09B1.17B1.21B
Goodwill635.12M628.88M626.63M625.13M
NetPPE731.26M763.60M833.26M870.59M
AccumulatedDepreciation-488.60M-389.73M-264.57M-167.86M
GrossPPE1.22B1.15B1.10B1.04B
ConstructionInProgress22.62M67.58M43.70M81.03M
OtherProperties365.85M349.97M342.37M322.81M
MachineryFurnitureEquipment270.07M228.89M188.96M185.28M
BuildingsAndImprovements548.39M499.28M514.78M442.75M
LandAndImprovements12.94M7.62M8.03M6.58M
Properties0.000.000.000.00
CurrentAssets448.62M434.37M418.60M652.42M
OtherCurrentAssets37.38M28.07M30.40M28.84M
AssetsHeldForSaleCurrent3.68M15.65M17.80M180.45M
RestrictedCash12.40M14.20M8.60M
PrepaidAssets35.67M
Inventory225.02M216.94M215.91M234.78M
InventoriesAdjustmentsAllowances-2.98M-2.11M
OtherInventories211.91M
FinishedGoods98.11M97.94M90.81M68.16M
WorkInProcess68.00M59.99M72.99M102.05M
RawMaterials58.91M59.00M52.12M64.57M
Receivables80.97M66.48M62.68M45.18M
ReceivablesAdjustmentsAllowances-2.62M-2.72M-6.72M-4.04M
OtherReceivables5.09M4.76M2.38M4.80M
NotesReceivable4.63M451.00K7.02M0.00
AccountsReceivable73.86M63.99M60.00M44.42M
GrossAccountsReceivable63.99M60.00M44.42M60.06M
CashCashEquivalentsAndShortTermInvestments89.17M93.03M83.22M163.18M
CashAndCashEquivalents89.17M93.03M83.22M163.18M
CashFinancial299.33M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow73.06M64.42M66.19M-88.24M
RepaymentOfDebt-117.36M-64.56M-64.56M-8.87M
IssuanceOfDebt83.19M22.02M22.02M0.00
IssuanceOfCapitalStock0.0011.50M0.00240.57M
CapitalExpenditure-64.65M-98.15M-97.44M-134.64M
InterestPaidSupplementalData103.61M96.36M96.36M78.83M
IncomeTaxPaidSupplementalData27.06M16.49M16.49M155.95M
EndCashPosition101.57M107.23M107.23M163.18M
OtherCashAdjustmentOutsideChangeinCash0.00
BeginningCashPosition107.23M91.82M91.82M299.33M
EffectOfExchangeRateChanges478.00K905.00K-148.00K-4.47M
ChangesInCash-6.13M14.50M15.56M-131.68M
FinancingCashFlow-73.49M-54.24M-54.24M41.79M
CashFromDiscontinuedFinancingActivities0.00-144.00K-144.00K-19.00K
CashFlowFromContinuingFinancingActivities-73.49M-54.09M-54.09M41.81M
NetOtherFinancingCharges-39.58M-11.71M-11.71M51.50M
ProceedsFromStockOptionExercised256.00K156.00K156.00K-812.00K
NetCommonStockIssuance0.0011.50M0.00240.57M
CommonStockIssuance0.0011.50M0.00240.57M
NetIssuancePaymentsOfDebt-34.16M-42.54M-42.54M-8.87M
NetLongTermDebtIssuance-34.16M-42.54M-42.54M-8.87M
LongTermDebtPayments-117.36M-64.56M-64.56M-8.87M
LongTermDebtIssuance83.19M22.02M22.02M0.00
InvestingCashFlow-70.34M-93.83M-93.83M-219.88M
CashFromDiscontinuedInvestingActivities-1.15M2.35M1.63M-9.70M
CashFlowFromContinuingInvestingActivities-69.20M-96.17M-95.46M-210.18M
NetOtherInvestingChanges-4.75M-2.48M-2.48M2.31M
DividendsReceivedCFI225.00K0.00468.00K0.00
NetInvestmentPurchaseAndSale-173.00K-708.00K-708.00K
PurchaseOfInvestment-173.00K-708.00K-708.00K
NetBusinessPurchaseAndSale-542.00K3.79M3.79M-78.32M
SaleOfBusiness0.008.49M8.49M40.88M
PurchaseOfBusiness-542.00K-4.70M-4.70M-119.20M
NetIntangiblesPurchaseAndSale-1.21M-5.00M-5.00M0.00
PurchaseOfIntangibles-1.21M-5.00M-5.00M0.00
NetPPEPurchaseAndSale-62.75M-91.77M-91.06M-134.64M
SaleOfPPE687.00K1.38M1.38M
PurchaseOfPPE-63.44M-93.15M-92.44M-134.64M
OperatingCashFlow137.71M162.57M163.62M46.40M
CashFromDiscontinuedOperatingActivities-14.32M-723.00K-5.50M-21.32M
CashFlowFromContinuingOperatingActivities152.03M163.29M169.13M67.72M
ChangeInWorkingCapital120.39M103.69M105.49M66.04M
ChangeInOtherWorkingCapital2.87M
ChangeInOtherCurrentLiabilities-17.88M-16.36M-16.36M-5.31M
ChangeInOtherCurrentAssets1.38M-883.00K-883.00K4.27M
ChangeInPayablesAndAccruedExpense142.72M112.44M112.78M114.31M
ChangeInAccruedExpense147.91M292.66M118.42M56.40M
ChangeInPayable-5.20M-180.22M-5.63M57.91M
ChangeInAccountPayable-5.20M-5.63M-5.63M50.09M
ChangeInTaxPayable-174.59M47.99M7.81M59.77M
ChangeInIncomeTaxPayable-174.59M47.99M7.81M59.77M
ChangeInPrepaidAssets-8.81M3.29M3.31M-10.90M
ChangeInInventory-3.72M2.99M4.31M-16.10M
ChangeInReceivables6.70M2.21M2.33M-20.22M
ChangesInAccountReceivables-10.96M-7.91M-7.79M-3.33M
OtherNonCashItems6.24M12.09M12.01M24.33M
StockBasedCompensation35.74M25.70M25.70M28.02M
ProvisionandWriteOffofAssets2.51M-224.00K-347.00K3.12M
AssetImpairmentCharge9.08M54.24M54.24M82.61M
DeferredTax-34.09M-54.66M-54.49M-15.12M
DeferredIncomeTax-34.09M-54.66M-54.49M-15.12M
DepreciationAmortizationDepletion216.04M250.16M248.02M165.64M
DepreciationAndAmortization216.04M250.16M248.02M165.64M
Depreciation216.04M250.16M248.02M165.64M
OperatingGainsLosses-1.98M-11.47M-9.89M-21.61M
GainLossOnInvestmentSecurities343.00K-6.62M-6.62M-21.95M
NetForeignCurrencyExchangeGainLoss-3.69M1.62M
GainLossOnSaleOfPPE3.33M
NetIncomeFromContinuingOperations-201.90M-216.22M-211.61M-265.31M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for CURLF
Date User Asset Broker Type Position Size Entry Price Patterns