)

TerrAscend (TER) investor relations material
TerrAscend Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Exited Michigan market to focus on more profitable Northeast geographies, using proceeds to pay down debt and enhance financial profile.
Maintained leadership in New Jersey, Maryland, and Pennsylvania, with strong retail and wholesale performance and facility expansions.
Completed acquisitions in New Jersey and Ohio, expanding retail footprint and vertical integration.
Leadership transition with appointment of Interim CFO and ongoing search for permanent CFO.
Completed $79M non-dilutive debt financing, extending debt maturities to late 2028.
Financial highlights
Q2 2025 net revenue from continuing operations was $65M, down from $67.2M in Q2 2024.
Gross profit margin improved 150 basis points year-over-year to 51.1%.
Adjusted EBITDA from continuing operations was $16M (24.6% margin); positive cash flow from continuing operations was $7.3M.
Free cash flow reached $5M, marking the eighth consecutive quarter of positive free cash flow.
GAAP net loss from continuing operations was $6.4M, similar to prior year.
Outlook and guidance
Q3 revenue expected to be flat to up low single digits sequentially; gross margin anticipated to be slightly higher.
Further G&A expense reductions expected as cost-saving initiatives continue.
Focus remains on expanding in core Northeast markets and executing accretive acquisitions.
Exit from Michigan expected to improve profitability and reduce debt.
Next TerrAscend earnings date

Next TerrAscend earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage