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OTC · Health care

Marimed Inc. (MRMD)

Marimed Inc. brought in $163.8M of revenue over the twelve months to June 30, 2026, up 4.5% from a year earlier. It posted a net loss of $15M. Operating cash flow minus capital spending left $6.5M of free cash flow in fiscal 2025. At June 30, 2026 it held $8.4M in cash against $82.7M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.

Watch MRMD in 60 seconds
Price
$0.07
-5.20% on the day · September 28, 2026
52-week range $0.06 to $0.18
Market cap
$29.4M
Revenue (last 12 months)
$163.8M
+4.5% year on year
Net margin
-9.1%

What Marimed Inc. does

Marimed Inc. is registered with the SEC under industry code SIC 2833 (Medicinal Chemicals & Botanical Products). Its shares trade on OTC under the ticker MRMD.

Revenue and profit by year

Revenue
FY18: $11.9M $11.9M FY18FY19: $45.6M $45.6M FY19FY20: $50.9M $50.9M FY20FY21: $121.5M $121.5M FY21FY22: $134M $134M FY22FY23: $148.6M $148.6M FY23FY24: $157.7M $157.7M FY24FY25: $159.8M $159.8M FY25
Net income
FY18: -$13.6M -$13.6M FY18FY19: -$81.2M -$81.2M FY19FY20: $2.1M $2.1M FY20FY21: $7.2M $7.2M FY21FY22: $13.5M $13.5M FY22FY23: -$16M -$16M FY23FY24: -$12.5M -$12.5M FY24FY25: -$14.5M -$14.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$159.8M-$2.8M-$14.5M-$0.04$6.5M
2024$157.7M$2.6M-$12.5M-$0.03-$5.2M
2023$148.6M$14.4M-$16M-$0.04-$12.2M
2022$134M$20.4M$13.5M$0.04-$4.8M
2021$121.5M$26.9M$7.2M$0.02$18M
2020$50.9M$14.5M$2.1M$0.01-$1.3M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 4, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 5, 2025. Not a date the company has announced. See the report calendar

Where MRMD ranks in Health care

Revenue$159.8M
#290 of 742 in Health care · Top 39%
Revenue growth+1.3%
#389 of 529 in Health care · Bottom 27%
Net margin-9.1%
#281 of 541 in Health care · Bottom 48%
Free cash flow margin4.1%
#189 of 488 in Health care · Top 39%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Marimed Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 23, 2026
  2. September 22, 2026
  3. September 11, 2026
  4. August 13, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 6.1% to $41.9M versus the same quarter last year; diluted EPS -$0.01 versus $0.00.
  5. August 12, 2026
  6. June 8, 2026
  7. May 14, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 4.2% to $39.5M versus the same quarter last year; diluted EPS -$0.01 versus -$0.01.
  8. May 13, 2026
  9. April 23, 2026
  10. April 23, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 1, 2026. Insider transactions on SEC

What is MRMD worth? A DCF from its reported cash flow

Insider trades

What the people running Marimed Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 13 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
September 1, 2026 Shaw TimothyChief Operating Officer Exercised options 65,000 - - Form 4
September 1, 2026 Shaw TimothyChief Operating Officer Shares withheld for tax 22,523 $0.08 $1.8K Form 4
July 15, 2026 Gildea Edward JDirector Exercised options 192,308 - - Form 4
July 15, 2026 Allen David RDirector Exercised options 192,308 - - Form 4
July 15, 2026 Selhub Eva M.D.Director Exercised options 173,077 - - Form 4
July 15, 2026 Pinho MarioChief Financial Officer Exercised options 88,276 - - Form 4
July 15, 2026 Pinho MarioChief Financial Officer Shares withheld for tax 30,589 $0.07 $2K Form 4
July 15, 2026 Crandall RyanChief Commercial Officer Exercised options 32,813 - - Form 4
July 15, 2026 Crandall RyanChief Commercial Officer Shares withheld for tax 11,370 $0.07 $752.7 Form 4
July 15, 2026 Shaw TimothyChief Operating Officer Exercised options 42,656 - - Form 4
July 15, 2026 Shaw TimothyChief Operating Officer Shares withheld for tax 14,781 $0.07 $978.5 Form 4
July 15, 2026 Levine Jon RPresident and CEO, Director, 10% owner Exercised options 30,625 - - Form 4
July 15, 2026 Levine Jon RPresident and CEO, Director, 10% owner Shares withheld for tax 10,612 $0.07 $702.5 Form 4
June 15, 2026 Crandall RyanChief Commercial Officer Exercised options 250,000 - - Form 4
June 15, 2026 Crandall RyanChief Commercial Officer Shares withheld for tax 86,626 $0.07 $6K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns MRMD

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

We have not read this company's Schedule 13D and 13G filings yet.

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

7 insiders reported holding 34,919,365 shares in total, about $2.5M at the last price.

HolderSharesAs of
Levine Jon RPresident and CEO, Director, 10% owner 21,358,631 July 15, 2026
Shaw TimothyChief Operating Officer 9,454,600 September 1, 2026
Gildea Edward JDirector 1,172,516 July 15, 2026
Crandall RyanChief Commercial Officer 1,124,246 July 15, 2026
Allen David RDirector 743,452 July 15, 2026
Selhub Eva M.D.Director 730,748 July 15, 2026
Pinho MarioChief Financial Officer 335,172 July 15, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about MRMD

What does Marimed Inc. do?

Marimed Inc. is registered with the SEC under industry code SIC 2833 (Medicinal Chemicals & Botanical Products). Its shares trade on OTC under the ticker MRMD.

Is Marimed Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $15M on revenue of $163.8M.

How much revenue does Marimed Inc. make?

Over the twelve months to June 30, 2026 Marimed Inc. reported revenue of $163.8M. That is 4.5% more than a year earlier.

When did Marimed Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the other event from September 23, 2026.

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Where the numbers come from

Financial figures are the values Marimed Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.