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TerrAscend vs Village Farms International: TSNDF and VFF compared
TerrAscend is the larger company: $68.2M of revenue in its latest quarter (Q3 2026) against $64.0M for Village Farms International (Q2 2026). Village Farms International is growing faster (+7% against +5% a year earlier). Village Farms International is more profitable, with an operating margin of 17.4% against 15.1%.
Where the money goes: TSNDF and VFF
TerrAscend (TSNDF) · Q3 2026
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.
Village Farms International (VFF) · Q2 2026
Village Farms International, Q2 2026: revenue $64.0M (+7% year over year), operating margin 17.4%, net earnings $7.1M, operating cash flow $8.9M. The chart follows the revenue to costs, profit and cash.
| TerrAscend (TSNDF) | Village Farms International (VFF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $68.2M | $64.0M |
| Revenue growth, Y/Y | +5% | +7% |
| Gross margin | — | 46.8% |
| Operating margin | 15.1% | 17.4% |
| Net earnings | −$4.3M | $7.1M |
| Net margin | -6.4% | 11.2% |
| Operating cash flow | $8.8M | $8.9M |
| Free cash flow | $6.1M | $2.6M |
Where the revenue comes from
TerrAscend
- New Jersey Segment: $25.3M (37%)
- Maryland Segment: $18.7M (27%)
- Pennsylvania Segment: $18.6M (27%)
- All Other Segments: $5.5M (8%)
Village Farms International
- Cannabis Business: $53.5M (84%)
- Produce Business: $10.2M (16%)
- Energy Business: $269K (0%)
Questions
Which is bigger, TerrAscend or Village Farms International?
TerrAscend is the larger company: $68.2M of revenue in its latest quarter (Q3 2026) against $64.0M for Village Farms International (Q2 2026).
Is TerrAscend or Village Farms International growing faster?
Village Farms International is growing faster (+7% against +5% a year earlier).
Which is more profitable, TerrAscend or Village Farms International?
Village Farms International is more profitable, with an operating margin of 17.4% against 15.1%.
More: TerrAscend earnings · how TerrAscend makes money · Village Farms International earnings · how Village Farms International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.