Filing Flows › TerrAscend (TSNDF) › Q3 2026
TerrAscend (TSNDF) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
TerrAscend (TSNDF) reported revenue of $68.2M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before. Operating margin was 15.1%, net loss $4.3M (6.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.2M | +2% | +5% |
| Operating profit | $10.3M | -15% | -8% |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | $8.8M | +34% | +228% |
| Free cash flow | $6.1M | +24% | 14× |
What changed
Revenue was $68.2M in Q3 2026, up 5% year over year and up 2% from the previous quarter. New Jersey Segment was the largest line at 37% of revenue. Pennsylvania Segment added $2.7M year over year (up 17%), 86% of the total change.
Gross margin was 52.3%, up 0.2 points from Q3 2025. Operating profit was $10.3M, a 15.1% margin (down 2.0 points year over year). Operating profit fell $859K even though revenue rose $3.1M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 11% against revenue growth of 5%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $4.3M, narrower than the previous quarter's $6.9M loss. Net interest and other expense of $2.7M was the main reason.
Operating cash flow was $8.8M (up 228% year over year). Non-cash charges added back $1.4M of depreciation and amortization and $746K of share-based compensation. Working capital and other items added $11.0M. Capital expenditures of $2.7M left free cash flow of $6.1M.
Questions
What was TerrAscend's revenue in the third quarter 2026?
TerrAscend (TSNDF) reported revenue of $68.2M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +2% from the quarter before.
Was TerrAscend profitable in the third quarter 2026?
Operating profit was $10.3M (15.1% of revenue) and net loss $4.3M.
Source: TerrAscend 10-Q on SEC EDGAR.