Quarterly ResultMay 12, 2026, 04:12 PM
Jushi Q1 Revenue $66.4M, Up 4%; Gross Profit Margin 45.0%
AI Summary
Jushi Holdings Inc. reported Q1 2026 financial results, with revenue increasing 4% year-over-year to $66.4 million and gross profit margin expanding to 45.0%. The company completed a strategic refinancing of approximately $132.3 million in debt with a new $160.0 million secured term loan. Post-quarter, state-licensed medical marijuana was rescheduled to Schedule III, expected to positively impact tax expense, and Virginia's adult-use cannabis legislation is pending the Governor's decision.
Key Highlights
- Completed refinancing of approximately $132.3M debt with a new $160.0M secured term loan due 2029.
- Q1 2026 Revenue increased 4% year-over-year to $66.4 million.
- Gross Profit Margin expanded 460 bps year-over-year to 45.0%.
- Net loss for Q1 2026 was $19.8 million.
- Adjusted EBITDA for Q1 2026 was $11.4 million, with a 17.2% margin.
- Cash, cash equivalents, and restricted cash totaled $42.3 million at quarter-end.
- Net cash flows provided by operations were $8.6 million.
- Jushi-branded product sales grew to 58% of retail revenue in vertical markets.