Filing Flows › Grown Rogue International (GRUSF) › Q1 2026
Grown Rogue International (GRUSF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Grown Rogue International (GRUSF) reported revenue of $9.2M for the first quarter 2026 (Q1 2026), +28% from a year earlier. Operating margin was 1.1%, net loss $2.2M (24.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2M | — | +28% |
| Operating profit | $100K | — | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | $2.5M | — | — |
| Free cash flow | $17K | — | — |
What changed
Revenue was $9.2M in Q1 2026, up 28% year over year. New Jersey was the largest line at 37% of revenue. New Jersey added $1.6M year over year (up 93%), 82% of the total change.
Gross margin was 43.2%, down 3.8 points from a year earlier. Operating profit was $100K, a 1.1% margin (up 11.0 points year over year). Operating expenses fell 5% while revenue rose 28%. The fastest-growing cost line was General & admin (+43%). The quarter ended with a net loss of $2.2M. Net interest and other expense of $1.8M was the main reason.
Operating cash flow was $2.5M. Non-cash charges added back $91K of depreciation and $155K of share-based compensation. Working capital and other items added $4.5M. Capital expenditures of $2.5M left free cash flow of $17K.
Questions
What was Grown Rogue International's revenue in the first quarter 2026?
Grown Rogue International (GRUSF) reported revenue of $9.2M for the first quarter 2026 (Q1 2026), +28% from a year earlier.
Was Grown Rogue International profitable in the first quarter 2026?
Operating profit was $100K (1.1% of revenue) and net loss $2.2M.