Filing Flows › TerrAscend (TSNDF) › Q2 2025
TerrAscend (TSNDF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
TerrAscend (TSNDF) reported revenue of $65.0M for the second quarter 2025 (Q2 2025), -3% from a year earlier and -8% from the quarter before. Operating margin was 16.9%, net loss $46.8M (72.0% of revenue).
TerrAscend, Q2 2025: revenue $65.0M (-3% year over year), operating margin 16.9%, net loss $46.8M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.0M | -8% | -3% |
| Operating profit | $11.0M | +27% | — |
| Net earnings | −$46.8M | — | — |
| Operating cash flow | $2.8M | -65% | -78% |
| Free cash flow | $525K | -91% | -95% |
What changed
Revenue was $65.0M in Q2 2025, down 3% year over year and down 8% from the previous quarter.
Gross margin was 51.1%, up 1.5 points from a year earlier. Operating profit was $11.0M, a 16.9% margin (up 1.0 points year over year). Operating expenses fell 2% while revenue fell 3%. The fastest-growing cost line was Other operating costs (+1343%). The quarter ended with a net loss of $46.8M, wider than the previous quarter's $11.0M loss. Net interest and other expense of $48.2M was the main reason.
Operating cash flow was $2.8M (down 78% year over year). Non-cash charges added back $1.3M of depreciation and amortization and $779K of share-based compensation. Working capital and other items added $47.6M. Capital expenditures of $2.3M left free cash flow of $525K.
Questions
What was TerrAscend's revenue in the second quarter 2025?
TerrAscend (TSNDF) reported revenue of $65.0M for the second quarter 2025 (Q2 2025), -3% from a year earlier and -8% from the quarter before.
Was TerrAscend profitable in the second quarter 2025?
Operating profit was $11.0M (16.9% of revenue) and net loss $46.8M.
Source: TerrAscend 10-Q on SEC EDGAR.