TerrAscend (TSNDF) EV to EBITDA (2021 - 2026)
TerrAscend's (TSNDF) quarterly EV to EBITDA came in at 11.94 in Q2 2026, up 169.64% year-over-year from 4.43 in Q2 2025, and up 2.95% quarter-over-quarter from 11.6 in Q1 2026.
Analysis
TerrAscend (TSNDF) EV to EBITDA (2021 - 2026) Analysis & Trends
TerrAscend (TSNDF) has reported EV to EBITDA for 6 consecutive years, with 11.94 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 169.64% year-over-year to 11.94 in Q2 2026; TTM through Jun 2026 was 3.34, a 193.06% increase from a year earlier, with the FY2025 full-year figure at 3.63, up 7.15% from the prior year.
- EV to EBITDA was 11.94 for Q2 2026 at TerrAscend, up from 11.6 in the prior quarter.
- Over five years, EV to EBITDA peaked at 120.83 in Q4 2023 and troughed at 233.26 in Q1 2022.
- A 5-year average of 11.09 and a median of 16.33 in 2022 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA plunged 295.79% in 2022 and surged 3163.58% in 2023, its largest moves.
- Over 5 years, EV to EBITDA stood at 16.48 in 2022, then soared by 633.32% to 120.83 in 2023, then slumped by 90.38% to 11.62 in 2024, then soared by 60.54% to 18.65 in 2025, then tumbled by 35.99% to 11.94 in 2026.
- The last three EV to EBITDA figures came in at 11.94 (Q2 2026), 11.6 (Q1 2026), and 18.65 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn |
| 10 | TerrAscend | 201.74 Mn | 159.62 Mn | 36.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.94 |
| Mar 31, 2026 | 11.60 |
| Dec 31, 2025 | 18.65 |
| Sep 30, 2025 | 16.17 |
| Jun 30, 2025 | 4.43 |
| Mar 31, 2025 | 7.55 |
| Dec 31, 2024 | 11.62 |
| Sep 30, 2024 | 36.91 |
| Jun 30, 2024 | 28.47 |
| Mar 31, 2024 | 57.77 |
| Dec 31, 2023 | 120.83 |
| Sep 30, 2023 | 27.83 |
| Jun 30, 2023 | 71.12 |
| Mar 31, 2023 | 54.54 |
| Dec 31, 2022 | 16.48 |
| Sep 30, 2022 | -0.91 |
| Jun 30, 2022 | -62.14 |
| Mar 31, 2022 | -233.26 |
| Dec 31, 2021 | 126.66 |
| Sep 30, 2021 | 3,471.79 |