TerrAscend Corp (TSNDF)
OTHER OTC:TSNDF
Want to see TSNDF full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial momentum across core markets — notably robust gross margins, expanding adjusted EBITDA margins, consistent positive operating and free cash flow streaks, and improved liquidity — while also acknowledging material GAAP net losses, wholesale revenue softness in select states, and the tail of a challenging Michigan exit and some Ohio execution friction. Strategic tailwinds such as federal rescheduling and potential uplisting were highlighted as important upside catalysts.Company Guidance
Regulatory Rescheduling Benefit
Federal rescheduling of medical cannabis announced — expected elimination of 280E tax burden, potential for improved profitability, stronger balance sheet, lower cost of capital, increased access to institutional capital and potential uplisting to a U.S. exchange; viewed as a transformational upside catalyst for the business.
Revenue and Return to YoY Growth
Net revenue from continuing operations of $65.5 million in Q1 FY2026. While slightly down sequentially versus Q4 ($66.1 million), management reports a return to year-over-year growth across continuing operations.
Strong Gross Margin Performance
Gross margin of 52.8% in Q1 versus 52.1% in Q4 — an improvement of ~0.7 percentage points, driven by verticality and operational efficiencies in core markets (New Jersey, Maryland, Pennsylvania).
Improved Adjusted EBITDA and Margin Expansion
Adjusted EBITDA from continuing operations of $17.4 million, representing a 26.5% margin in Q1 versus $16.7 million (25.2%) in Q4 — an increase of $0.7 million and ~1.3 percentage points in margin sequentially.
Consistent Positive Cash Flow and Liquidity
Generated $8.7 million of net cash from continuing operations in Q1 (15th consecutive quarter positive operating cash flow) with operating cash flow yield of 13.3%. Free cash flow was $7.8 million (11th consecutive quarter positive free cash flow) with a free cash flow yield of 10.3%. Cash and cash equivalents increased to $39.1 million from $37.4 million (up ~$1.7 million, +~4.5%).
Strong Market & Brand Execution in Core States
Notable operational performance: Maryland running at ~ $75 million annualized revenue with high-50s gross margins; New Jersey retail strength including full integration of Union Chill and top-25 store rankings; Pennsylvania delivered YoY revenue growth for the 4th consecutive quarter with multiple Apothecarium locations ranking top statewide and record finished goods/unit sales for TerrAscend SKUs. Brand momentum: Kind Tree and Legend driving growth, Legend vape sales grew 'double digits'.
Progress on Michigan Exit and Balance Sheet Repair
Approximately 85% of Michigan asset sales completed; liabilities and debt significantly negotiated down; proceeds primarily used to pay down debt; exit now in final stage via receivership to further mitigate liabilities.
Discipline on G&A and Capital Allocation
G&A reduced to $21.5 million (32.8% of revenue) from $22.8 million (34.4% of revenue) sequentially — a reduction in both absolute dollars (~$1.3 million) and as a percentage of revenue. Capital expenditures were modest at $0.9 million for the quarter.
TSNDF Earnings History
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
TSNDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $0.76 | $0.74 | -2.12% |
Mar 12, 2026 | $0.66 | $0.68 | +3.96% |
Nov 06, 2025 | $0.68 | $0.59 | -13.74% |
Aug 07, 2025 | $0.51 | $0.55 | +8.63% |
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 (TSNDF) report earnings?
TerrAscend Corp (TSNDF) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is TerrAscend Corp (TSNDF) earnings time?
TerrAscend Corp (TSNDF) earnings time is at Aug 06, 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 TSNDF EPS forecast?
TSNDF EPS forecast for the fiscal quarter 2026 (Q2) is -0.01.