TerrAscend Reports Third Quarter 2026 Financial Results
Globe Newswire•05/11/2026•16:10 ET
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Key Highlights
- ➤Net revenue $68.2 million, up 4.8% year-over-year
- ➤GAAP net loss narrowed to $5.5 million from $9.9 million
- ➤Adjusted EBITDA reached $17.5 million, versus $17.0 million year-over-year
- ➤Free cash flow $6.1 million, marking 13 consecutive positive quarters
- ➤Aunt Mary’s acquisition adds over $10 million annualized revenue, immediately EBITDA-accretive
Expert Statements
Jason Wild, Executive Chairman of TerrAscend
“We delivered growth in revenue, gross margin and EBITDA during the quarter, while marking our 17th consecutive quarter of positive operating cash flow and 13th consecutive quarter of positive free cash flow”
Jason Wild, Executive Chairman of TerrAscend
“We remain focused on driving top-tier adjusted EBITDA margins, and I am incredibly proud of our team’s continued execution. These results underscore the strength and resilience of our business, as well as our ability to consistently deliver compelling financial performance.”
Jason Wild, Executive Chairman of TerrAscend
“In late September, we completed our acquisition of Aunt Mary’s, our fifth dispensary in New Jersey, which generates more than $10 million in annualized revenue and is immediately accretive to EBITDA and cash flow.”
Jason Wild, Executive Chairman of TerrAscend
“Our strong balance sheet, access to capital through our term loan facility and free cash flow generation provide the fuel to pursue additional growth opportunities. We are actively evaluating several attractive assets, and I look forward to sharing further updates in the coming weeks.”
Q3 2026 Gross Profit Margin of 52.3%, Up 20 Basis Points Year-Over-Year
Q3 2026 Net Cash Provided from Continuing Operations of $8.8 Million, Representing 17.7% Operating Cash Flow Yield(1)
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