Filing Flows › Jushi Holdings (JUSH) › Q1 2026
Jushi Holdings (JUSH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Jushi Holdings (JUSH) reported revenue of $66.4M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -3% from the quarter before. Operating margin was 2.4%, net loss $19.8M (29.9% of revenue).
Jushi Holdings, Q1 2026: revenue $66.4M (+4% year over year), operating margin 2.4%, net loss $19.8M, operating cash flow $8.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.4M | -3% | +4% |
| Operating profit | $1.6M | +102% | — |
| Net earnings | −$19.8M | — | — |
| Operating cash flow | $8.6M | +42% | +14% |
| Free cash flow | $5.6M | +88% | +59% |
What changed
Revenue was $66.4M in Q1 2026, up 4% year over year and down 3% from the previous quarter. Retail was the largest line at 87% of revenue. Wholesale added $1.6M year over year (up 22%), 60% of the total change.
Gross margin was 45.0%, up 4.6 points from Q1 2025. Operating profit was $1.6M, a 2.4% margin (up 5.3 points year over year). Operating expenses grew 2% against revenue growth of 4%. The quarter ended with a net loss of $19.8M, wider than the previous quarter's $15.6M loss. Net interest and other expense of $12.7M was the main reason.
Operating cash flow was $8.6M (up 14% year over year). Non-cash charges added back $7.9M of depreciation and amortization and $392K of share-based compensation. Working capital and other items added $20.1M. Capital expenditures of $3.0M left free cash flow of $5.6M.
Questions
What was Jushi Holdings' revenue in the first quarter 2026?
Jushi Holdings (JUSH) reported revenue of $66.4M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -3% from the quarter before.
Was Jushi Holdings profitable in the first quarter 2026?
Operating profit was $1.6M (2.4% of revenue) and net loss $19.8M.
Source: Jushi Holdings 10-Q on SEC EDGAR.