TerrAscend Q3 revenue flat at $65.1M; gross margin up to 52.1%, adjusted EBITDA $17M

TerrAscend Corp.

2025-Q3 EPS reported -$0.30 revenue$194,410,000

Net revenue $65.1M (flat YoY); gross margin 52.1% (+110bps YoY). GAAP net loss $9.9M vs $15.8M a year ago.
Adjusted EBITDA from continuing ops $17.0M (26.1% margin) vs $16.9M in Q3 2024.
Net cash from ops $7.1M, free cash flow $4.9M – 13th consecutive quarter of positive cash from ops.
Completed $79M non-dilutive debt refinancing with added $35M uncommitted term facility for M&A.
Board authorized $10M share repurchase program over 12 months.

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