Filing Flows › Jushi Holdings (JUSH) › Q4 2025
Jushi Holdings (JUSH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Jushi Holdings (JUSH) reported revenue of $68.3M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +4% from the quarter before. Operating margin was 1.1%, net loss $15.6M (22.8% of revenue).
Jushi Holdings, Q4 2025: revenue $68.3M (+4% year over year), operating margin 1.1%, net loss $15.6M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.3M | +4% | +4% |
| Operating profit | $782K | -67% | — |
| Net earnings | −$15.6M | — | — |
| Operating cash flow | $6.1M | -0.5% | -15% |
| Free cash flow | $3.0M | +144% | -40% |
What changed
Revenue was $68.3M in Q4 2025, up 4% year over year and up 4% from the previous quarter.
Gross margin was 41.9%, up 3.3 points from a year earlier. Operating profit was $782K, a 1.1% margin (up 3.9 points year over year). Operating expenses grew 2% against revenue growth of 4%. The quarter ended with a net loss of $15.6M, narrower than the previous quarter's $23.7M loss. Net interest and other expense of $9.1M was the main reason.
Operating cash flow was $6.1M (down 15% year over year). Non-cash charges added back $7.2M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $3.1M left free cash flow of $3.0M.
Questions
What was Jushi Holdings' revenue in the fourth quarter 2025?
Jushi Holdings (JUSH) reported revenue of $68.3M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +4% from the quarter before.
Was Jushi Holdings profitable in the fourth quarter 2025?
Operating profit was $782K (1.1% of revenue) and net loss $15.6M.
Source: Jushi Holdings 10-K on SEC EDGAR.