Filing Flows › TerrAscend (TSNDF) › Q2 2026 › vs Q2 2025
TerrAscend (TSNDF) Q2 2026 vs Q2 2025 (year over year)
TerrAscend's revenue rose $2.1M (+3%) from $65.0M in Q2 2025 to $67.1M in Q2 2026. The biggest changes: Pennsylvania Segment +$1.6M (+10%); All Other Segments +$489K (+10%); Maryland Segment −$167K (-0.9%).
TerrAscend, Q2 2026: revenue $67.1M (+3% year over year), operating margin 18.0%, net loss $6.9M, operating cash flow $6.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 7.4% | 0.8% | +6.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| New Jersey Segment | $25.3M | $25.1M | $164K | +0.7% |
| Maryland Segment | $18.5M | $18.7M | −$167K | -0.9% |
| Pennsylvania Segment | $17.8M | $16.2M | $1.6M | +10% |
| All Other Segments | $5.6M | $5.1M | $489K | +10% |
| Revenue | $67.1M | $65.0M | $2.1M | +3% |
| Net loss | $6.9M | $46.8M | −$39.9M | -85% |
| Costs & expenses | $74.1M | $112M | −$37.8M | -34% |
| Operating costs | $55.0M | $54.0M | $971K | +2% |
| Interest & other, net | $7.5M | $48.2M | −$40.7M | -84% |
| Income tax | $11.6M | $9.6M | $2.0M | +21% |
| Cost of revenue | $30.9M | $31.8M | −$902K | -3% |
| General & admin | $22.9M | $21.0M | $1.9M | +9% |
| Other operating costs | $1.3M | $1.3M | $1K | +0.1% |
| Operating cash sources | $13.5M | $49.6M | −$36.1M | -73% |
| Depreciation & amortization | $1.3M | $1.3M | $1K | +0.1% |
| Share-based compensation | $829K | $779K | $50K | +6% |
| Working capital & other | $11.4M | $47.6M | −$36.2M | -76% |
| Net loss absorbed | $6.9M | $46.8M | −$39.9M | -85% |
| Operating cash flow | $6.6M | $2.8M | $3.8M | +134% |
| Free cash flow (OCF − capex) | $4.9M | $525K | $4.4M | +841% |
| Capital expenditures | $1.6M | $2.3M | −$653K | -28% |
Questions
How much did TerrAscend's revenue grow year over year in Q2 2026?
TerrAscend's revenue rose $2.1M (+3%) from $65.0M in Q2 2025 to $67.1M in Q2 2026.
What drove TerrAscend's revenue change in Q2 2026?
Pennsylvania Segment +$1.6M (+10%); All Other Segments +$489K (+10%); Maryland Segment −$167K (-0.9%).