TerrAscend prelim Q1 net revenue $65.5M, gross margin 52.8%, cash flow positive

TerrAscend Corp.

2026-Q1 EPS reported -$0.03 revenue$65,539,000

Net revenue of $65.5M from continuing operations, up from $64.3M in Q1 2025.
Gross profit margin of 52.8% exceeded internal targets; G&A expenses flat QoQ.
15th consecutive quarter of positive cash flow from operations.
Executive Chairman cited medical cannabis rescheduling and strong balance sheet.
Earnings conference call scheduled for May 7, 2026 at 8:00 a.m. ET.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TerrAscend Corp. reported the first quarter ended March 31, 2026 results: revenue $65.5 million.

Period: the first quarter ended March 31, 2026
Revenue: $65.5 million
Result: preliminary results

Exact text from the filing

TerrAscend Announces Preliminary First Quarter 2026 Financial Results and Schedules Earnings Conference Call First Quarter 2026 Net Revenue Totaled $65.5 million with Gross Profit Margin of 52.8%

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Source: SEC EDGAR

accession 0001193125-26-179245

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