TSNDFOTCAgricultural Production-CropsFiscal year ends December 31
TerrAscend Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$0.46−0.01 (-2.54%)
Close on Oct 19, 2026
- Market cap
- $142.49M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
52.3%−12.5 pts over 5 years
Operating margin
16.1%+0.6 pts over 5 years
Net margin
-31.2%+76.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.8% | +1.7% | +14.5% | – | |
| Gross profit | +0.3% | +10.3% | +9.7% | – | |
| Operating income | +8.0% | – | +15.4% | – | |
| Free cash flow | -58.5% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | – | – | -14.0% | |
| Current ratio | – | – | 1.38 | |
| Interest coverage | 10.5× | 10.5× | 1.5× | |
| Inventory turnover | – | – | 3.4× | |
| Capex to revenue | 33.1% | 33.1% | 3.3% | |
| Diluted shares | 150M | 150M | 301M |
Where the cash went
Fiscal 2021 to 2025, five years combined
TerrAscend generated $144.89M from operations and spent $100.44M on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$144.89M
Used
$100.44M
Capital expenditure$99.82M99%Dividends$00%Share buybacks$625.00K1%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$81.33M
- Cash generatingOperating cash flow above zero$21.53M
- Return on assets improvedROA up on the prior year-10.9% → -13.4%
- Earnings backed by cashOperating cash flow above net income$21.53M vs -$81.33M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.94 → 1.38
- No dilutionShare count did not rise292M → 301M
- Gross margin improvedGross margin up on the prior year50.68% → 52.32%
- More efficientAsset turnover rose0.40 → 0.43