TerrAscend Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	260.56	268.08	250.51	247.83	194.21
Revenue Growth (YoY)	-2.80%	7.01%	1.08%	27.61%	-
Cost of Revenue	124.23	132.21	112.49	146.33	81.71
Gross Profit	136.32	135.87	138.02	101.5	112.5
Selling, General & Admin	86.24	90.62	83.54	115.59	75.11
Depreciation & Amortization Expenses	5.42	5.07	5.76	9.66	5.53
Other Operating Expenses	2.57	3.63	21.49	312.17	8.95
Total Operating Expenses	94.24	99.33	110.79	437.42	89.59
Operating Income	42.02	38.92	29.74	-335.92	22.91
Interest Expense	-35.4	-33.49	-32.85	-35.89	-27.85
Other Non-Operating Income (Expense)	-1.64	-1.19	-1.12	61.62	49.47
Total Non-Operating Income (Expense)	-37.04	-34.68	-33.98	25.73	21.62
Pretax Income	4.98	4.24	-4.24	-310.19	44.53
Provision for Income Taxes	29.47	25.13	23.39	-10.78	28.88
Net Income	-81.33	-72.67	-86.73	-325.35	6.14
Minority Interest in Earnings	4.9	7.56	8.81	-	-
Earnings From Discontinued Operations	-56.84	-51.78	-59.1	-25.95	-9.52
Net Income to Common	-81.33	-72.67	-86.73	-325.35	6.14
Shares Outstanding (Basic)	301	292	279	244	181
Shares Outstanding (Diluted)	301	292	279	244	209
Shares Change (YoY)	3.28%	4.38%	14.30%	17.08%	39.38%
EPS (Basic)	-0.29	-0.28	-0.34	-1.35	0.02
EPS (Diluted)	-0.29	-0.28	-0.34	-1.35	0.01
Free Cash Flow	12.91	31.08	22.6	-67.03	-71.65
Free Cash Flow Growth	-58.45%	37.54%	-	-	-
Free Cash Flow Per Share	0.04	0.11	0.08	-0.27	-0.34
Gross Margin	52.32%	50.68%	55.09%	40.96%	57.93%
Operating Margin	16.13%	14.52%	11.87%	-135.54%	11.80%
Profit Margin	-9.40%	-7.79%	-11.03%	-120.81%	8.06%
FCF Margin	4.96%	11.60%	9.02%	-27.04%	-36.89%
EBITDA	57.64	53.48	44.58	-313.29	35.7
EBITDA Margin	22.12%	19.95%	17.79%	-126.41%	18.38%
EBIT	42.02	38.92	29.74	-335.92	22.91
EBIT Margin	16.13%	14.52%	11.87%	-135.54%	11.80%
Effective Tax Rate	592.04%	592.36%	-551.43%	3.48%	64.85%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.