TerrAscend Income Statement

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
Revenue	275.46	306.68	317.33	247.83	194.21	-
Revenue Growth (YoY)	-8.04%	-3.36%	28.04%	27.61%	-	-
Cost of Revenue	134.16	156.72	157.63	146.33	81.71	46.46
Gross Profit	141.29	149.96	159.7	101.5	112.5	85.69
Selling, General & Admin	96.66	111.6	115.19	115.59	75.11	60.76
Depreciation & Amortization Expenses	6.72	8.82	9.43	9.66	5.53	3.89
Research & Development	-	-	-	-	-	0.14
Other Operating Expenses	6.1	49.04	61.2	312.17	8.95	0.35
Total Operating Expenses	109.49	169.46	185.83	437.42	89.59	65.13
Operating Income	-7.48	-17.11	-19.87	-335.92	22.91	20.56
Interest Expense	-34.59	-34.37	-37.04	-35.89	-27.85	-7.43
Other Non-Operating Income (Expense)	0.44	-0.76	-1.93	61.62	49.47	-129.98
Total Non-Operating Income (Expense)	-34.16	-35.13	-38.97	25.73	21.62	-137.41
Pretax Income	-41	-52.23	-58.83	-310.19	44.53	-116.85
Provision for Income Taxes	17.74	20.44	23.45	-10.78	28.88	10.77
Net Income	-115.09	-72.67	-86.73	-325.35	6.14	-142.26
Earnings From Discontinued Operations	-91.46	-	-4.44	-25.95	-9.52	-14.64
Net Income to Common	-115.09	-72.67	-86.73	-325.35	6.14	-142.26
Shares Outstanding (Basic)	298	292	279	244	181	150
Shares Outstanding (Diluted)	298	292	279	244	209	150
Shares Change (YoY)	2.55%	4.38%	14.30%	17.08%	39.38%	50.35%
EPS (Basic)	-0.41	-0.28	-0.35	-1.35	0.02	-0.93
EPS (Diluted)	-0.41	-0.28	-0.35	-1.35	0.01	-0.93
Free Cash Flow	11.4	27.73	18.43	-67.03	-71.65	-80.76
Free Cash Flow Growth	-58.90%	50.42%	-	-	-	-
Free Cash Flow Per Share	0.04	0.10	0.07	-0.27	-0.34	-0.54
Gross Margin	51.29%	48.90%	50.33%	40.96%	57.93%	-
Operating Margin	-2.71%	-5.58%	-6.26%	-135.54%	11.80%	-
Profit Margin	-19.65%	-23.70%	-25.93%	-120.81%	8.06%	-
FCF Margin	4.14%	9.04%	5.81%	-27.04%	-36.89%	-
EBITDA	9.26	3	0.52	-313.29	35.7	28.89
EBITDA Margin	3.36%	0.98%	0.16%	-126.41%	18.38%	-
EBIT	-7.48	-17.11	-19.87	-335.92	22.91	20.56
EBIT Margin	-2.71%	-5.58%	-6.26%	-135.54%	11.80%	-
Effective Tax Rate	-47.53%	-39.13%	-39.86%	3.48%	64.85%	-9.22%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.