TerrAscend Corp. (TSX:TSND)

TerrAscend Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-41.49	-86.23	-80.23	-95.54	-329.91	3.11
Depreciation & Amortization	17.43	17.22	16.17	16.1	24.6	13.86
Asset Writedown & Restructuring Costs	2.68	2.63	1.25	19.5	312.17	8.95
Loss (Gain) From Sale of Investments	0.9	1.37	0.24	2.6	-0.04	-6.19
Stock-Based Compensation	4.43	5.01	9.71	7.71	12.16	14.94
Provision & Write-off of Bad Debts	1.82	1.67	3.05	-	9.94	-
Other Operating Activities	23.32	69.43	72.52	65.84	-50.79	-22.79
Change in Accounts Receivable	1.9	1.65	-5.3	-8.68	2.86	-3.21
Change in Inventory	-3.76	5.95	1.17	-4.25	0.68	-18.51
Change in Accounts Payable	2.75	-4.52	-0.32	9.13	-12.1	2.82
Change in Unearned Revenue	-	-	-	-	0.43	0.47
Change in Income Taxes	24.08	20.5	28.7	39.03	18.5	-9.63
Change in Other Net Operating Assets	-2.55	-0.74	-0.75	0.44	-10.34	-7.99
Operating Cash Flow	25.77	21.53	37.95	27.47	-26.12	-31.82
Operating Cash Flow Growth	13.88%	-43.27%	38.15%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-6.47	-8.61	-6.87	-4.87	-39.63	-39.84
Cash Acquisitions	-3.97	-8.53	-0.25	-16.79	15.16	-42.74
Sale (Purchase) of Intangibles	-0.06	-0.74	-1.19	-1.67	-3.53	-0.38
Investment in Securities	-	-	-	-	-	-49.53
Other Investing Activities	5.28	3.27	-3.94	7.11	-0.09	-0.62
Investing Cash Flow	-5.21	-14.61	-12.25	-16.22	-27.58	-132.42

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	78.94	129.38	23.87	43.42	0.77
Total Debt Issued	92.91	78.94	129.38	23.87	43.42	0.77
Long-Term Debt Repaid	-	-70.72	-137.77	-43.99	-43.35	-4.5
Net Debt Issued (Repaid)	-0.71	8.22	-8.39	-20.12	0.07	-3.73
Issuance of Common Stock	0.02	-	-	20.92	24.34	204.26
Repurchase of Common Stock	-0.42	-0.41	-0.22	-	-	-
Other Financing Activities	-4.01	-3.62	-16.11	-13.3	-20.7	-18.33
Financing Cash Flow	-5.13	4.19	-24.72	-12.5	3.72	182.2

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.19	-0.57	0.65	-0.17	-2.9	2.45
Net Cash Flow	15.24	10.54	1.64	-1.42	-52.88	20.42

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	19.31	12.91	31.08	22.6	-65.75	-71.65
Free Cash Flow Growth	26.92%	-58.45%	37.54%	-	-	-
Free Cash Flow Margin	7.32%	4.96%	11.59%	9.02%	-26.53%	-36.89%
Free Cash Flow Per Share	0.06	0.04	0.11	0.08	-0.27	-0.34
Levered Free Cash Flow	21.93	74.23	-31.59	20.01	-12.79	-91.53
Unlevered Free Cash Flow	45.27	96.91	-10.12	40.04	11.63	-75.91

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	27.94	27.94	23.85	23.04	26.84	21.17
Cash Income Tax Paid	-	-9.4	5.03	3.28	-9.92	37.06
Change in Working Capital	22.4	22.84	23.51	35.67	0.03	-36.05

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 12, 2026

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