Monitor the full earnings release on May 7, 2026, for GAAP financials including EPS and net income, which are critical for assessing whether improved margins translated into bottom-line performance. The preliminary nature of the data limits immediate trading implications.
Price Chart
Executive Summary
TerrAscend reported preliminary Q1 2026 revenue of $65.5 million, flat compared to Q4 2025 and down 2.0% year-over-year, with gross margin improving to 52.8%. The company highlighted continued positive cash flow and year-over-year revenue growth in continuing operations, alongside regulatory optimism from recent U.S. cannabis rescheduling.
Key Financial Metrics
Key Facts
- Preliminary Q1 2026 net revenue: $65.5 million (vs $66.1M in Q4 2025 and $64.3M in Q1 2025)
- Gross profit margin: 52.8% (up from 52.1% in Q4 2025)
- General and administrative expenses flat quarter-over-quarter
- Generated 15th consecutive quarter of positive cash flow from operations
- No EPS or net income figures provided in preliminary release
Financial Impact
Revenue flat sequentially, gross margin improved 70 bps; no profitability metrics disclosed
Risk Factors
- Preliminary and unaudited financial results subject to revision
- No EPS or profitability data disclosed, limiting assessment of financial health
- Cannabis sector regulatory risks remain elevated despite recent rescheduling
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-179245 |
| Document: tsndf-ex99_1.htm | 0001193125-26-179245 |
| Document: 0001193125-26-179245-index-headers.html | 0001193125-26-179245 |
| Document: 0001193125-26-179245-index.html | 0001193125-26-179245 |
| Document: 0001193125-26-179245.txt | 0001193125-26-179245 |
| 8-K Data (Synthetic) | 0001193125-26-179245 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 6, 2026 16w ago | DEFA14A | $0.5890 $0.5100 | ▼ −13.41% | ▼ −14.26% | $0.4900 (−16.81%) |
Jun 29, 2026 17w ago | 8-K | $0.6780 $0.4900 | ▼ −27.73% | ▼ −26.94% | $0.4900 (−27.73%) |
Jun 25, 2026 17w ago | 8-K | $0.6650 $0.5422 | ▼ −18.47% | ▼ −19.83% | $0.4900 (−26.32%) |
Jun 15, 2026 19w ago | 8-K | $0.6780 $0.5845 | ▼ −13.79% | ▼ −14.65% | $0.4900 (−27.73%) |
May 7, 2026 24w ago | 8-K | $0.7400 $0.6660 | ▼ −10.00% | ▼ −13.14% | $0.4900 (−33.78%) |
Apr 27, 2026 26w ago | 8-K | $0.7860 $0.6750 | ▼ −14.12% | ▼ −19.08% | $0.4900 (−37.66%) |
Apr 16, 2026 27w ago | DEFA14A | $0.6400 $0.6730 | ▲ +5.16% | ▼ −0.21% | $0.4900 (−23.44%) |
US Market Status
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