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Jushi Holdings (JUSH) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 28, 2026

Jushi Holdings (JUSH) reported revenue of $70.5M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -1% from the quarter before. Operating margin was 5.0%, net loss $12.5M (17.8% of revenue).

Revenue$70.5M
Year over year+7%
Quarter over quarter-1%
Operating margin5.0%
Net earnings−$12.5M

Jushi Holdings, Q3 2026: revenue $70.5M (+7% year over year), operating margin 5.0%, net loss $12.5M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$70.5M-1%+7%
Operating profit$3.5M+391%+50%
Net earnings−$12.5M——
Operating cash flow$3.5M+346%-42%
Free cash flow$637K—-48%

What changed

Revenue was $70.5M in Q3 2026, up 7% year over year and down 1% from the previous quarter. Retail was the largest line at 86% of revenue. Wholesale added $2.8M year over year (up 40%), 58% of the total change.

Gross margin was 45.9%, down 0.8 points from Q3 2025. Operating profit was $3.5M, a 5.0% margin (up 1.4 points year over year). Of the extra revenue versus Q3 2025, 24% reached operating profit, above the 4% margin then. Operating expenses grew 2% against revenue growth of 7%. The quarter ended with a net loss of $12.5M, wider than the previous quarter's $7.3M loss. Net interest and other expense of $9.2M was the main reason.

Operating cash flow was $3.5M (down 42% year over year). Non-cash charges added back $7.5M of depreciation and amortization and $287K of share-based compensation. Working capital and other items added $8.3M. Capital expenditures of $2.9M left free cash flow of $637K.

Questions

What was Jushi Holdings' revenue in the third quarter 2026?

Jushi Holdings (JUSH) reported revenue of $70.5M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -1% from the quarter before.

Was Jushi Holdings profitable in the third quarter 2026?

Operating profit was $3.5M (5.0% of revenue) and net loss $12.5M.

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Source: Jushi Holdings 10-Q on SEC EDGAR.