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TerrAscend Corp (TSE:TSND)
TSX:TSND
Canadian Market
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TerrAscend Corp (TSND) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 12, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
>-0.01
Last Year’s EPS
-0.15
Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 06, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
TerrAscend demonstrated strong operational performance and financial stability with consistent cash flow and improved margins. However, challenges such as a continued net loss and delays in key acquisitions were noted. The company remains optimistic about future growth opportunities through strategic M&A and regulatory developments.
Company Guidance
In the third quarter of 2025, TerrAscend Corp. reported revenue from continuing operations of $65.1 million, consistent with the previous year, while gross margins improved by 110 basis points to 52.1%. The adjusted EBITDA margin also increased to 26.1%, up from 25.9% the previous year, marking a sequential rise of 150 basis points. The company generated positive cash flow from continuing operations of $7.1 million, alongside $4.9 million in free cash flow, marking 13 and 9 consecutive quarters of positive results, respectively. Key drivers included strong performances in New Jersey, Pennsylvania, and Maryland, with New Jersey maintaining a leadership position and Maryland seeing a 14.8% revenue increase year-over-year. The company also highlighted its strategic exit from the Michigan market, unlocking further value and cash flow. TerrAscend plans to expand its retail footprint in New Jersey to 10 dispensaries and has completed a $79 million non-dilutive upsizing of its term loan to support future growth. Despite a GAAP net loss of $9.9 million, the company remains focused on its M&A strategy and potential regulatory reforms, with expectations for revenue and gross margins to remain stable in the upcoming quarter.
Consistent Cash Flow Generation
TerrAscend reported its 13th consecutive quarter of positive cash flow from continuing operations and its 9th consecutive quarter of positive free cash flow, with $7.1 million generated from operations this quarter.
Strong Performance in Key Markets
TerrAscend maintained a leadership position in New Jersey with stable retail and wholesale revenue, while Maryland generated another record revenue quarter, outperforming the market's 2% decline in sales.
Operational Efficiency Improvements
Gross margin improved to 52.1%, up 110 basis points year-over-year, and adjusted EBITDA margin increased to 26.1%, reflecting enhanced operational efficiencies.
Strategic M&A and Financial Positioning
The company completed a $79 million non-dilutive upsizing to its senior secured syndicated term loan and has access to an additional $35 million for strategic M&A, extending debt maturity to late 2028.

TerrAscend Corp (TSE:TSND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:TSND Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 12, 2026
2025 (Q4)
>-0.01 / -
-0.155
Nov 06, 2025
2025 (Q3)
-0.06 / -0.06
-0.11250.00% (+0.06)
Aug 07, 2025
2025 (Q2)
-0.04 / -0.04
-0.0420.00% (0.00)
May 08, 2025
2025 (Q1)
-0.05 / -0.07
-0.08416.67% (+0.01)
Mar 06, 2025
2024 (Q4)
-0.04 / -0.15
-0.25338.89% (+0.10)
Nov 06, 2024
2024 (Q3)
-0.05 / -0.11
-0.032-247.83% (-0.08)
Aug 08, 2024
2024 (Q2)
-0.02 / -0.04
-0.0740.00% (+0.03)
May 09, 2024
2024 (Q1)
-0.03 / -0.08
-0.11225.00% (+0.03)
Mar 14, 2024
2023 (Q4)
-0.02 / -0.25
-0.126-100.00% (-0.13)
Nov 09, 2023
2023 (Q3)
-0.03 / -0.03
-1.72898.13% (+1.70)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:TSND Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
C$0.97C$0.83-14.43%
Aug 07, 2025
C$0.70C$0.74+5.71%
May 08, 2025
C$0.51C$0.50-1.96%
Mar 06, 2025
C$0.59C$0.70+18.64%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TerrAscend Corp (TSE:TSND) report earnings?
TerrAscend Corp (TSE:TSND) is schdueled to report earning on Mar 12, 2026, Before Open (Confirmed).
    What is TerrAscend Corp (TSE:TSND) earnings time?
    TerrAscend Corp (TSE:TSND) earnings time is at Mar 12, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:TSND EPS forecast?
          TSE:TSND EPS forecast for the fiscal quarter 2025 (Q4) is >-0.01.
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