Filing Flows › Jushi Holdings (JUSH) › Q1 2025
Jushi Holdings (JUSH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Jushi Holdings (JUSH) reported revenue of $63.8M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -3% from the quarter before. Operating margin was -2.9%, net loss $17.0M (26.7% of revenue).
Jushi Holdings, Q1 2025: revenue $63.8M (-2% year over year), operating margin -2.9%, net loss $17.0M, operating cash flow $7.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.8M | -3% | -2% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$17.0M | — | — |
| Operating cash flow | $7.5M | +5% | +16% |
| Free cash flow | $3.5M | -30% | -35% |
What changed
Revenue was $63.8M in Q1 2025, down 2% year over year and down 3% from the previous quarter. Retail was the largest line at 89% of revenue. Wholesale lost $1.1M year over year (down 13%), 67% of the total change.
Gross margin was 40.4%, down 9.0 points from a year earlier. Operating costs exceeded revenue by $1.9M, an operating margin of -2.9%. Operating expenses fell 2% while revenue fell 2%. The quarter ended with a net loss of $17.0M, wider than the previous quarter's $12.5M loss.
Operating cash flow was $7.5M (up 16% year over year). Non-cash charges added back $8.0M of depreciation and amortization. Working capital and other items added $16.5M. Capital expenditures of $4.0M left free cash flow of $3.5M.
Questions
What was Jushi Holdings' revenue in the first quarter 2025?
Jushi Holdings (JUSH) reported revenue of $63.8M for the first quarter 2025 (Q1 2025), -2% from a year earlier and -3% from the quarter before.
Was Jushi Holdings profitable in the first quarter 2025?
Operating loss was $1.9M (-2.9% of revenue) and net loss $17.0M.
Source: Jushi Holdings 10-Q on SEC EDGAR.