TERRASCEND CORP.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $260.6M | $268.1M | $250.5M | $247.8M | $194.2M | $132.2M |
| Cost of Revenue | — | $124.2M | $132.2M | $112.5M | $146.3M | $81.7M | $46.5M |
| Gross Profit | — | $136.3M | $135.9M | $138.0M | $101.5M | $112.5M | $85.7M |
| Gross Margin | — | 52.3% | 50.7% | 55.1% | 41.0% | 57.9% | 64.8% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | $136.0K |
| SG&A Expense | — | $86.2M | $90.6M | $115.2M | $115.6M | $75.1M | $60.8M |
| Operating Income | — | $42.0M | $38.9M | $29.7M | $-335.9M | $22.9M | $20.6M |
| Operating Margin | — | 16.1% | 14.5% | 11.9% | -135.5% | 11.8% | 15.6% |
| Interest Expense | — | $28.8M | $27.5M | $31.1M | $26.8M | $21.2M | $2.0M |
| Pretax Income | — | $5.0M | $4.2M | $-4.2M | $-310.2M | $44.5M | $-116.9M |
| Income Tax Expense | — | $29.5M | $25.1M | $23.4M | $-10.8M | $28.9M | $10.8M |
| Net Income | — | $-81.3M | $-72.7M | $-86.7M | $-325.4M | $6.1M | $-142.3M |
| Net Margin | — | -31.2% | -27.1% | -34.6% | -131.3% | 3.2% | -107.6% |
| EPS (Basic) | — | $-0.29 | $-0.28 | $-0.34 | $-1.35 | $0.02 | $-1.03 |
| EPS (Diluted) | — | $-0.29 | $-0.28 | $-0.34 | $-1.35 | $0.01 | $-1.03 |
| Shares Outstanding (Basic) | 308.5M | 301.1M | 291.5M | 279.3M | 244.4M | 181.1M | 149.7M |
| Shares Outstanding (Diluted) | 308.5M | 301.1M | 291.5M | 279.3M | 244.4M | 208.7M | 149.7M |
| Dividends Per Share | — | — | — | — | — | — | — |