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Aurora Cannabis (ACB) investor relations material
Aurora Cannabis Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record global medical cannabis net revenue of $70.5M, up 15% year-over-year, with international medical cannabis revenue up 22% to $42.7M.
Adjusted EBITDA rose 52% to $15.4M, reflecting strong operational execution and cost discipline.
Maintained a strong cash position of $141.9M and remain debt-free in cannabis operations, aside from non-recourse debt at Bevo Farms.
Strategic focus on high-margin global medical cannabis, with leadership in Canada, Germany, Australia, Poland, and the UK.
Financial highlights
Net revenue increased 11% year-over-year to $90.4M, with medical cannabis revenue up 15% to $70.5M and international medical revenue up 22% to $42.7M.
Adjusted gross margin improved to 61% consolidated, 69% for medical cannabis, 27% for consumer cannabis, and 10% for plant propagation.
Adjusted net income was $7.1M, up from $3.0M in the prior year period.
Net loss from continuing operations was $53.2M, compared to net income of $1.4M a year ago, due to higher operating and other expenses.
Free cash flow was negative at $(42.3)M, though improved from the prior year.
Outlook and guidance
Q3 2026 consolidated net revenue expected to increase year-over-year, led by 8–12% growth in global medical cannabis.
Plant propagation revenue to follow seasonal trends, with 25–35% of annual revenue in the second half of the year.
Adjusted gross margins expected to remain strong, supporting annual adjusted EBITDA growth and positive free cash flow in Q3 2026.
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