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Target Group (CBDY) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Target Group (CBDY) Q2 2026 earnings results →

Q2 2026 Revenue up 11% year over year to $1.4M · 17¢ of every $1 of revenue lost · operating margin -17.4%

Target Group made $1.4M in Q2 2026 (+11% Y/Y). Operating margin -17.4%, net loss $240K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$1.4M
Year over year+11%
Operating margin-17.4%
Net earnings−$240K
Operating cash flow−$223K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.4M in Q2 2026, up 11% year over year and up 57% from the previous quarter.

Gross margin was 45.5%, down 14.3 points from Q2 2025. Operating costs exceeded revenue by $240K, an operating margin of -17.4%. Operating expenses fell 10% while revenue rose 11%. The quarter ended with a net loss of $240K, narrower than the previous quarter's $550K loss.

Operating cash flow was −$223K. Non-cash charges added back $229K of depreciation. Working capital and other items used $212K.

Quarterly history

Target Group revenue by quarterTarget Group revenue by quarter$1.9MQ4 2024$1.4MQ1 2025$1.2MQ2 2025$500KQ3 2025$735KQ4 2025$879KQ1 2026$1.4MQ2 2026
Target Group net earnings by quarterTarget Group net earnings by quarter$216KQ4 2024−$108KQ1 2025−$220KQ2 2025−$479KQ3 2025−$552KQ4 2025−$550KQ1 2026−$240KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$1.4M+11%-17.4%−$240K−$223K
Q1 202610-QMay 15, 2026$879K-37%-62.6%−$550K−$94K
Q4 202510-KMar 31, 2026$735K-60%-75.1%−$552K−$251K
Q3 202510-QNov 7, 2025$500K-8%-95.9%−$479K−$506K
Q2 202510-QAug 12, 2025$1.2M-45%-17.6%−$220K$484K
Q1 202510-QMay 9, 2025$1.4M-27%-7.7%−$108K−$570K
Q4 202410-KMar 27, 2025$1.9M-3%11.6%$216K$736K

Charts

Target Group: revenue growth, year over year and quarter over quarterTarget Group: revenue growth, year over year and quarter over quarterY/YQ/Q-3%Q4 2024-27%-25%Q1 2025-45%-11%Q2 2025-8%-60%Q3 2025-60%+47%Q4 2025-37%+20%Q1 2026+11%+57%Q2 2026
Latest (Q2 2026): Y/Y +11%, Q/Q +57%.
Target Group: where the cash came from (+) and went (−), TTM to Q2 2026Target Group: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$1.1MCash drawn (+) / kept (−)$832KOther financing$263KExchange rates−$12KOther investing−$9K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Target Group: profit against cash, quarter by quarterTarget Group: profit against cash, quarter by quarterNet incomeOperating cash flow−$529K−$329KQ3 2024$216K$736KQ4 2024−$108K−$570KQ1 2025−$220K$484KQ2 2025−$479K−$506KQ3 2025−$552K−$251KQ4 2025−$550K−$94KQ1 2026−$240K−$223KQ2 2026
Latest (Q2 2026): Net income −$240K, Operating cash flow −$223K.
Target Group: diluted shares by fiscal yearTarget Group: diluted shares by fiscal year567MFY2020595MFY2021617MFY2022617MFY2023727MFY2024617MFY2025
+8.8% since FY2020: more shares outstanding (issuance, stock pay).
Target Group in its industry: growth against margin (22 companies, SIC 2833)Target Group in its industry: growth against margin (22 companies, SIC 2833)revenue growth, year over year →↑ operating marginmedian +6%median -6%CURLFTLRYTRLVUSNAAAWHCRONCGCJUSHBTMDMRMDNAIINAGEMTEXFTLFLEEEFCHUCHYEXMEHAADIANPHCCFOOCBDY (+11%, -17%)
Medicinal Chemicals & Botanical Products; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Target Group

Target Group Inc. (“Target Group” or the “Company”) was incorporated in the State of Delaware on July 2, 2013, under its original name of River Run Acquisition Corporation. Effective May 13, 2014, the Company changed its name to Chess Supersite Corporation. On July 3, 2018, the Company filed an amendment in its Certificate of Incorporation to change its name to Target Group Inc. Effective July 1, 2025, the Company’s common stock is quoted on the Pink Limited Market operated by OTC Markets Group Inc, under the symbol “CBDY”.

In its own words, from its 10-K, filed Mar 31, 2026.

Target Group against its Medicinal Chemicals & Botanical Products peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +11%. Operating margin: -17.4% against the peers' median 0.8%.

CompanyQuarterRevenueY/YOp. margin
CBDY Target GroupQ2 2026$1.4M+11%-17.4%
CURLF Curaleaf HoldingsQ3 2026$353M+11%0.8%
TLRY Tilray BrandsQ1 FY27$257M+23%-9.4%
TRLV Trulieve CannabisQ3 2026$230M-20%18.5%
USNA Usana Health SciencesQ2 2026$223M-5%-9.0%
AAWH Ascend Wellness HoldingsQ2 2026$126M-0.9%4.2%
CRON Cronos GroupQ3 2026$83.9M+72%10.8%
CGC Canopy GrowthQ2 FY27$71.1M+20%-23.1%
JUSH Jushi HoldingsQ3 2026$70.5M+7%5.0%

Source: Target Group 10-Q on SEC EDGAR · CIK 1586554 · Medicinal Chemicals & Botanical Products

More on CBDY

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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