Quarterly ResultAug 4, 2026, 04:48 PM
Grown Rogue Q2 Revenue +41% to $11.3M; Raises 2026/2027 Guidance
AI Summary
Grown Rogue International Inc. reported strong second quarter 2026 financial results, with revenue increasing 41% to $11.3 million and Adjusted EBITDA growing 36% to $2.1 million. The company raised its financial guidance for both 2026 and 2027, reflecting continued execution against growth plans and progress in expansion markets like New Jersey, Illinois, and Minnesota. Despite the positive operational and guidance updates, the company reported a GAAP net loss of $1.5 million for the quarter, primarily due to non-cash fair-value losses.
Key Highlights
- Q2 2026 Revenue increased 41% to $11.3 million, compared to $8.0 million in Q2 2025.
- Adjusted EBITDA rose 36% to $2.1 million, with an 18.2% margin.
- GAAP net loss was $1.5 million for Q2 2026, compared to $1.7 million net income in Q2 2025.
- Ended the quarter with $11.5 million in cash and cash equivalents.
- Increased 2026 revenue guidance to $38-$41 million and Adjusted EBITDA to $7-$9 million.
- Increased 2027 revenue guidance to $55-$63 million, maintaining Adjusted EBITDA at $14-$18 million.
- New Jersey revenue grew 65%, Michigan 49%, and Oregon 14%.
- Expansion projects progressing in New Jersey, Illinois, and Minnesota.
Price Impact
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