Quarterly ResultMay 12, 2026, 05:22 PM
Grown Rogue Q1 Revenue +28% to $9.2M; 2026 Guidance Raised
AI Summary
Grown Rogue International Inc. reported unaudited Q1 2026 financial results, with revenue increasing 28% year-over-year to $9.2 million and Adjusted EBITDA growing 32% to $1.6 million. The company posted a GAAP net loss of $2.2 million, primarily due to non-cash fair value losses. Driven by strong performance in New Jersey and progress in new markets, management raised its 2026 revenue guidance to $34-$37 million and reiterated its 2026 Adjusted EBITDA guidance of $6-$8 million.
Key Highlights
- Revenue increased 28% to $9.2 million in Q1 2026 from $7.2 million in Q1 2025.
- Adjusted EBITDA rose 32% to $1.6 million, with a margin of 17.1%.
- Reported a GAAP net loss of $2.2 million, compared to a net income of $0.7 million in Q1 2025.
- New Jersey revenue grew 93% to $3.4 million; Phase II expansion to double capacity by year-end 2026.
- Increased 2026 revenue guidance to $34-$37 million, up from $32-$35 million.
- Reiterated 2026 Adjusted EBITDA guidance of $6-$8 million.
- Minnesota cultivation facility Phase I (8,000 sq ft) targeted online late Q3 2026.
- Illinois operations expected to commence later this quarter with 5,000 sq ft canopy.
Price Impact
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