Filing Flows › TerrAscend (TSNDF) › Q1 2025
TerrAscend (TSNDF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
TerrAscend (TSNDF) reported revenue of $71.0M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -5% from the quarter before. Operating margin was 12.2%, net loss $11.0M (15.4% of revenue).
TerrAscend, Q1 2025: revenue $71.0M (-12% year over year), operating margin 12.2%, net loss $11.0M, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.0M | -5% | -12% |
| Operating profit | $8.7M | — | — |
| Net earnings | −$11.0M | — | — |
| Operating cash flow | $8.0M | -18% | -40% |
| Free cash flow | $5.5M | — | — |
What changed
Revenue was $71.0M in Q1 2025, down 12% year over year and down 5% from the previous quarter.
Gross margin was 51.8%, up 3.8 points from a year earlier. Operating profit was $8.7M, a 12.2% margin (up 4.7 points year over year). Operating expenses fell 14% while revenue fell 12%. The quarter ended with a net loss of $11.0M, narrower than the previous quarter's $28.5M loss. Net interest and other expense of $8.2M was the main reason.
Operating cash flow was $8.0M (down 40% year over year). Non-cash charges added back $1.8M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $15.7M. After capital expenditures for property and equipment ($2.5M), free cash flow as the company reports it was $5.5M.
Questions
What was TerrAscend's revenue in the first quarter 2025?
TerrAscend (TSNDF) reported revenue of $71.0M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -5% from the quarter before.
Was TerrAscend profitable in the first quarter 2025?
Operating profit was $8.7M (12.2% of revenue) and net loss $11.0M.
Source: TerrAscend 10-Q on SEC EDGAR.