Quarterly ResultMay 12, 2026, 04:39 PM
Grown Rogue Q1 Revenue +28% to $9.16M; Net Loss $(2.21)M
AI Summary
Grown Rogue International Inc. reported a 28% increase in Q1 2026 revenue to $9.16 million, alongside a significant improvement in operating income to $99,655 from a loss in the prior year. However, the company posted a net loss of $(2.21) million, primarily driven by non-operating factors such as an unrealized loss on its warrant asset. Cash flow from operations turned positive, reaching $2.53 million, and the company's cash balance increased to $13.70 million, while total current liabilities also saw a substantial rise.
Key Highlights
- Q1 2026 revenue increased 28% to $9.16 million from $7.15 million in Q1 2025.
- Company reported a net loss of $(2.21) million in Q1 2026, compared to net income of $0.74 million in Q1 2025.
- Operating income improved to $99,655 in Q1 2026 from an operating loss of $(709,401) in Q1 2025.
- Cash provided by operating activities was $2.53 million in Q1 2026, a significant improvement from $(1.00) million cash used in Q1 2025.
- Cash and cash equivalents stood at $13.70 million as of March 31, 2026, up from $11.37 million at December 31, 2025.
- Unrealized loss on warrant asset was $(2.19) million in Q1 2026, contributing to the net loss.
- Total current liabilities increased 45% to $8.30 million as of March 31, 2026.