Filing Flows › TerrAscend (TSNDF) › Q2 2026
TerrAscend (TSNDF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
TerrAscend (TSNDF) reported revenue of $67.1M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +2% from the quarter before. Operating margin was 18.0%, net loss $6.9M (10.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.1M | +2% | +3% |
| Operating profit | $12.1M | +5% | +10% |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | $6.6M | -22% | +134% |
| Free cash flow | $4.9M | -35% | +841% |
What changed
Revenue was $67.1M in Q2 2026, up 3% year over year and up 2% from the previous quarter. New Jersey Segment was the largest line at 38% of revenue. Pennsylvania Segment added $1.6M year over year (up 10%), 77% of the total change. Maryland Segment declined 1%.
Gross margin was 54.0%, up 2.9 points from Q2 2025. Operating profit was $12.1M, a 18.0% margin (up 1.2 points year over year). Of the extra revenue versus Q2 2025, 54% reached operating profit, above the 17% margin then. Operating expenses grew 8% against revenue growth of 3%. The quarter ended with a net loss of $6.9M, wider than the previous quarter's $6.9M loss. Net interest and other expense of $7.5M was the main reason.
Operating cash flow was $6.6M (up 134% year over year). Non-cash charges added back $1.3M of depreciation and amortization and $829K of share-based compensation. Working capital and other items added $11.4M. Capital expenditures of $1.6M left free cash flow of $4.9M.
Questions
What was TerrAscend's revenue in the second quarter 2026?
TerrAscend (TSNDF) reported revenue of $67.1M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +2% from the quarter before.
Was TerrAscend profitable in the second quarter 2026?
Operating profit was $12.1M (18.0% of revenue) and net loss $6.9M.
Source: TerrAscend 10-Q on SEC EDGAR.