Filing Flows › Grown Rogue International (GRUSF) › Q1 2026 › vs Q1 2025
Grown Rogue International (GRUSF) Q1 2026 vs Q1 2025 (year over year)
Grown Rogue International's revenue rose $2.0M (+28%) from $7.2M in Q1 2025 to $9.2M in Q1 2026. The biggest changes: New Jersey +$1.6M (+93%); Michigan +$238K (+10%); Oregon +$123K (+4%).
Grown Rogue International, Q1 2026: revenue $9.2M (+28% year over year), operating margin 1.1%, net loss $2.2M, operating cash flow $2.5M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.2% | -17.4% | +17.6 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| New Jersey | $3.4M | $1.8M | $1.6M | +93% |
| Oregon | $3.0M | $2.9M | $123K | +4% |
| Michigan | $2.7M | $2.5M | $238K | +10% |
| Revenue | $9.2M | $7.2M | $2.0M | +28% |
| Net loss | $2.2M | −$743K | $3.0M | — |
| Costs & expenses | $11.4M | $9.2M | $2.1M | +23% |
| Operating costs | $9.1M | $7.9M | $1.2M | +15% |
| Interest & other, net | $1.8M | −$2.1M | $3.9M | — |
| Income tax | $517K | $631K | −$114K | -18% |
| Cost of revenue | $5.2M | $3.8M | $1.4M | +37% |
| General & admin | $3.6M | $2.5M | $1.1M | +43% |
| Other operating costs | $246K | $1.5M | −$1.3M | -84% |
| Operating cash sources | $4.7M | −$1.7M | $6.5M | — |
| Depreciation | $91K | $105K | −$14K | -13% |
| Share-based compensation | $155K | $1.4M | −$1.3M | -89% |
| Working capital & other | $4.5M | −$3.3M | $7.8M | — |
| Net loss absorbed | $2.2M | −$743K | $3.0M | — |
| Operating cash flow | $2.5M | −$1.0M | $3.5M | — |
| Free cash flow (OCF − capex) | $17K | −$1.2M | $1.3M | — |
| Capital expenditures | $2.5M | $242K | $2.3M | +942% |
Questions
How much did Grown Rogue International's revenue grow year over year in Q1 2026?
Grown Rogue International's revenue rose $2.0M (+28%) from $7.2M in Q1 2025 to $9.2M in Q1 2026.
What drove Grown Rogue International's revenue change in Q1 2026?
New Jersey +$1.6M (+93%); Michigan +$238K (+10%); Oregon +$123K (+4%).