The earnings call presented a mixed picture with solid growth and strong international performance, particularly in the U.K. and Germany, and improvements in cash flow and margins. However, ongoing challenges with price compression, domestic revenue declines, and a reported net loss indicate significant pressure in the domestic market. Overall, the highlights and lowlights are fairly balanced with a slight tilt towards positive due to international growth.

Company Guidance

During the Curaleaf Holdings Third Quarter 2025 Conference Call, the company provided several key metrics and projections indicating positive momentum despite macroeconomic pressures. The third quarter generated $320 million in revenue, marking a 2% sequential increase, while the international segment saw a robust 12% sequential and 56% year-over-year growth. Adjusted gross margins improved to 50%, rising by 115 basis points. Despite ongoing price compression, the domestic segment achieved modest growth, with a significant contribution from states like Ohio, New York, Utah, and Massachusetts. The company reported an adjusted EBITDA of $69 million, representing a 22% margin, inclusive of a 200 basis point drag from international and hemp operations. Curaleaf ended the quarter with $107 million in cash, after servicing $28 million in debt obligations, and generated $53 million in operating cash flow and $37 million in free cash flow. Looking ahead, the company anticipates a shift towards growth in 2026 and expects low single-digit revenue growth for the fourth quarter of 2025, driven by strategic investments and international expansion efforts.

International Segment Growth

Curaleaf International segment delivered a 12% sequential growth and 56% year-over-year growth, driven by strength in the U.K. and Germany.

Improved Margins

Adjusted gross margins improved to 50%, an increase of 115 basis points both sequentially and versus the prior year.

Strong Cash Flow

Generated $53 million in operating cash flow and $37 million in free cash flow during the quarter.

Expansion in International Markets

Encouraging progress in Turkey, Spain, and France, with potential significant long-term runway for Curaleaf.

Innovation in Products

New products like Anthem pre-rolls and ACE oil gaining strong traction in the market.

Successful Debt Management

Closed on an upsized $100 million revolving credit line with Needham Bank.

Curaleaf Holdings (CURLF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CURLF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 10, 2026	2025 (Q4)	-0.08 / -	-0.1	―	―	―
Nov 05, 2025	2025 (Q3)	-0.07 / -0.07	-0.07	5.71% (<+0.01)	―
Aug 06, 2025	2025 (Q2)	-0.06 / -0.06	-0.06	0.00% (0.00)	―
May 08, 2025	2025 (Q1)	-0.06 / -0.07	-0.07	0.00% (0.00)	―
Mar 03, 2025	2024 (Q4)	-0.07 / -0.10	-0.08	-25.00% (-0.02)	―
Nov 06, 2024	2024 (Q3)	-0.06 / -0.07	-0.09	22.22% (+0.02)	―
Aug 07, 2024	2024 (Q2)	-0.06 / -0.06	-0.09	33.33% (+0.03)	―
May 09, 2024	2024 (Q1)	-0.06 / -0.07	-0.05	-40.00% (-0.02)	―
Mar 06, 2024	2023 (Q4)	-0.05 / -0.08	-0.36	77.78% (+0.28)	―
Nov 09, 2023	2023 (Q3)	-0.06 / -0.09	-0.07	-28.57% (-0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CURLF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	$2.85	$2.43	-14.74%
Aug 06, 2025	$1.68	$1.79	+6.55%
May 08, 2025	$0.89	$0.84	-5.62%
Mar 03, 2025	$1.18	$1.05	-11.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Curaleaf Holdings (OTC) (CURLF) report earnings?

Curaleaf Holdings (OTC) (CURLF) is schdueled to report earning on Mar 10, 2026, After Close (Confirmed).

What is Curaleaf Holdings (OTC) (CURLF) earnings time?

Curaleaf Holdings (OTC) (CURLF) earnings time is at Mar 10, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CURLF EPS forecast?

CURLF EPS forecast for the fiscal quarter 2025 (Q4) is -0.08.

Curaleaf Holdings (CURLF) Earnings News

Curaleaf (TSE:CURA) Misses Q3-2022 Earnings Estimates, but There’s Potential Here

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Curaleaf (TSE:CURA) Misses Q3-2022 Earnings Estimates, but There’s Potential Here

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