Q3 2025 Curaleaf Holdings Inc Earnings Call Transcript
Key Points
- Curaleaf Holdings Inc (CURLF) reported $320 million in revenue for Q3 2025, marking a 2% sequential increase.
- The international segment showed strong performance with a 12% sequential growth and 56% year-over-year growth.
- Adjusted gross margins improved to 50%, an increase of 115 basis points both sequentially and versus the prior year.
- The company closed on an upsized $100 million revolving credit line with Needham Bank, enhancing financial flexibility.
- Curaleaf Holdings Inc (CURLF) is seeing positive momentum in its domestic business and is well-positioned for international expansion, particularly in the UK and Germany.
- Price compression continues to be a significant headwind, affecting revenue and margins.
- Domestic retail revenue declined 11% year-over-year, partially offset by wholesale growth.
- The company reported a net loss from continuing operations of $54.5 million for the quarter.
- SG&A expenses increased by $4 million from the previous year, impacting profitability.
- The hemp business weighed on margins by 80 basis points due to investments in marketing and product development.
Good day and welcome to the Curraleaf Holdings Inc. 3rd quarter 2025 conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.
After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press then 1 on your telephone keypad. To withdraw your question, please press 2. Please note this event is being recorded.
I would now like to turn the conference over to Camilo Lion, the Chief Investment Officer.
Please go ahead. Good.
Afternoon, everyone, and welcome to Care Leaf Holdings 3rd quarter 2025 conference call. Today I am joined by Chairman and Chief Executive Officer Boris Jordan and Chief Financial Officer Ed Kremer. Before we begin, I'd like to remind everyone that the comments on today's call will include forward-looking statements within the meaning of Canadian and United States securities laws, which by their nature
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