Filing Flows › TerrAscend (TSNDF) › Q3 2026 › vs Q3 2025
TerrAscend (TSNDF) Q3 2026 vs Q3 2025 (year over year)
TerrAscend's revenue rose $3.1M (+5%) from $65.1M in Q3 2025 to $68.2M in Q3 2026. The biggest changes: Pennsylvania Segment +$2.7M (+17%); Maryland Segment +$263K (+1%); New Jersey Segment +$138K (+0.5%).
TerrAscend, Q3 2026: revenue $68.2M (+5% year over year), operating margin 15.1%, net loss $4.3M, operating cash flow $8.8M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 9.0% | 0.7% | +8.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| New Jersey Segment | $25.3M | $25.1M | $138K | +0.5% |
| Maryland Segment | $18.7M | $18.5M | $263K | +1% |
| Pennsylvania Segment | $18.6M | $16.0M | $2.7M | +17% |
| All Other Segments | $5.5M | $5.5M | $24K | +0.4% |
| Revenue | $68.2M | $65.1M | $3.1M | +5% |
| Net loss | $4.3M | $23.3M | −$19.0M | -81% |
| Costs & expenses | $72.5M | $88.5M | −$15.9M | -18% |
| Operating costs | $57.9M | $54.0M | $4.0M | +7% |
| Interest & other, net | $2.7M | $23.5M | −$20.7M | -88% |
| Income tax | $11.9M | $11.0M | $854K | +8% |
| Cost of revenue | $32.5M | $31.2M | $1.4M | +4% |
| General & admin | $24.0M | $21.3M | $2.7M | +13% |
| Other operating costs | $1.4M | $1.5M | −$73K | -5% |
| Operating cash sources | $13.2M | $26.0M | −$12.9M | -49% |
| Depreciation & amortization | $1.4M | $1.5M | −$58K | -4% |
| Share-based compensation | $746K | $1.4M | −$620K | -45% |
| Working capital & other | $11.0M | $23.2M | −$12.2M | -53% |
| Net loss absorbed | $4.3M | $23.3M | −$19.0M | -81% |
| Operating cash flow | $8.8M | $2.7M | $6.1M | +228% |
| Free cash flow (OCF − capex) | $6.1M | $445K | $5.7M | 14× |
| Capital expenditures | $2.7M | $2.2M | $441K | +20% |
Questions
How much did TerrAscend's revenue grow year over year in Q3 2026?
TerrAscend's revenue rose $3.1M (+5%) from $65.1M in Q3 2025 to $68.2M in Q3 2026.
What drove TerrAscend's revenue change in Q3 2026?
Pennsylvania Segment +$2.7M (+17%); Maryland Segment +$263K (+1%); New Jersey Segment +$138K (+0.5%).