TerrAscend Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	36.52	26.38	22.24	26.16	79.64	59.23
Short-Term Investments	0.99	1.73	1.91	3.6	-	-
Cash & Short-Term Investments	37.51	28.11	24.15	29.75	79.64	59.23
Cash Growth	32.13%	16.37%	-18.82%	-62.64%	34.47%	522.12%
Accounts Receivable	15.57	18.89	17.49	4.23	11.8	10.66
Other Receivables	1.55	1.99	1.56	18.21	0.7	0.2
Receivables	17.12	20.88	19.05	22.44	12.5	10.86
Inventory	33.94	48.8	51.68	46.34	36.09	20.56
Prepaid Expenses	4.96	6.04	4.9	5.51	5.03	4.9
Restricted Cash	0.11	0.61	3.11	0.61	-	-
Other Current Assets	25.73	-	-	17.35	39.23	-
Total Current Assets	119.37	104.43	102.89	121.99	172.49	95.55
Property, Plant & Equipment	153.89	225.37	239.66	245.26	141.61	133.47
Long-Term Investments	-	-	-	-	-	1.38
Goodwill	109.77	106.93	106.93	90.33	90.33	72.8
Other Intangible Assets	171.56	169.6	215.85	239.7	168.43	110.71
Other Long-Term Assets	0.68	0.89	1.19	4.3	9.08	13.34
Total Assets	555.26	607.23	666.52	701.59	581.94	427.24
Accounts Payable	31.68	42.99	46.03	43.64	27.92	27.38
Accrued Expenses	4.31	3.74	3.87	0.64	-	-
Short-Term Debt	-	-	11.85	9.33	2.25	-
Current Portion of Long-Term Debt	10.93	6.76	125.89	39	6.08	5.73
Current Portion of Leases	1.24	4.38	3.27	2.38	1.19	1.03
Current Income Taxes Payable	8.34	11.53	4.78	23.08	9.62	27.74
Current Unearned Revenue	3.89	5.13	4.15	2.94	1.07	0.64
Other Current Liabilities	15.93	4.01	7.16	16.89	18.05	30.97
Total Current Liabilities	76.31	78.53	207	137.91	66.19	93.48
Long-Term Debt	211.91	192.58	68.9	145.85	171.16	176.46
Long-Term Leases	30.54	42.47	45.79	49.46	30.75	23.84
Long-Term Deferred Tax Liabilities	8.72	8.43	17.18	30.7	14.27	7.94
Other Long-Term Liabilities	132.3	108.41	86.91	16.5	70.61	138.85
Total Liabilities	459.78	430.41	425.78	380.42	352.98	440.56
Additional Paid-In Capital	958.93	952.46	944.86	934.97	535.42	305.14
Retained Earnings	-867.23	-778.51	-704.16	-618.26	-314.65	-318.59
Comprehensive Income & Other	2.17	3.01	1.8	2.09	2.82	-3.66
Total Common Equity	93.87	176.96	242.5	318.8	223.59	-17.12
Minority Interest	1.62	-0.14	-1.76	2.37	5.37	3.8
Shareholders' Equity	95.48	176.82	240.74	321.17	228.95	-13.32
Total Liabilities & Equity	555.26	607.23	666.52	701.59	581.94	427.24
Total Debt	254.62	246.18	255.7	246.02	211.44	207.05
Net Cash (Debt)	-217.11	-218.07	-231.55	-216.27	-131.79	-147.83
Net Cash Per Share	-0.73	-0.75	-0.83	-0.89	-0.63	-0.99
Filing Date Shares Outstanding	305.48	293.12	291.22	273.4	251.86	184.54
Total Common Shares Outstanding	306.97	293.23	288.33	259.62	190.93	155.83
Working Capital	43.06	25.9	-104.11	-15.91	106.3	2.06
Book Value Per Share	0.31	0.60	0.84	1.23	1.17	-0.11
Tangible Book Value	-187.46	-99.57	-80.29	-11.24	-35.16	-200.62
Tangible Book Value Per Share	-0.61	-0.34	-0.28	-0.04	-0.18	-1.29
Land	3.24	6.47	6.1	6.51	3.4	3.64
Buildings	131.48	155.75	151.99	154.74	89.7	92.67
Machinery	30.03	46.56	44.44	38.55	21.92	18.6
Construction In Progress	1.19	18.62	24.21	28.42	6.86	2.28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.