TerrAscend (TSNDF) Invested Capital (2021 - 2026)
TerrAscend (TSNDF) reported Invested Capital of $281.32 million for Q2 2026, down 14.2% from $327.73 million a year earlier and down 8.1% from the prior quarter.
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Analysis
TerrAscend (TSNDF) Invested Capital (2021 - 2026) Analysis & Trends
For FY2025, TerrAscend posted Invested Capital of $313.22 million, down 14.7% from FY2024.
- Invested Capital has declined for three consecutive years, though with a five-year compound annual growth rate of 14.7% (FY2020 to FY2025).
- By year, Invested Capital came in at $367.04 million in FY2024 (-18.8%), $451.96 million in FY2023 (-12.3%), $515.36 million in FY2022 (+23.7%) and $416.77 million in FY2021 (+163.7%).
- The Q2 2026 figure ranks as the lowest quarterly Invested Capital in data going back to Q4 2021.
- Year over year, Invested Capital has now declined in each of the last 14 quarters, with an average decline of 18.0% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q4 2022 (growth of 23.7%); the low point was Q2 2023 (a decline of 40.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $306.23 million (Q1 2026), $313.22 million (Q4 2025) and $317.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 154.98 Bn |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 1.48 Bn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 2.32 Bn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 859.48 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 2.14 Bn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 748.17 Mn |
| 10 | TerrAscend | 166.95 Mn | 14.61 Mn | 36.25 Mn | 281.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 281.32 Mn |
| Mar 31, 2026 | 306.23 Mn |
| Dec 31, 2025 | 313.22 Mn |
| Sep 30, 2025 | 317.75 Mn |
| Jun 30, 2025 | 327.73 Mn |
| Mar 31, 2025 | 355.49 Mn |
| Dec 31, 2024 | 367.04 Mn |
| Sep 30, 2024 | 397.40 Mn |
| Jun 30, 2024 | 420.26 Mn |
| Mar 31, 2024 | 433.31 Mn |
| Dec 31, 2023 | 451.96 Mn |
| Sep 30, 2023 | 510.27 Mn |
| Jun 30, 2023 | 522.19 Mn |
| Mar 31, 2023 | 548.26 Mn |
| Dec 31, 2022 | 515.36 Mn |
| Sep 30, 2022 | 601.75 Mn |
| Jun 30, 2022 | 878.47 Mn |
| Mar 31, 2022 | 830.01 Mn |
| Dec 31, 2021 | 416.77 Mn |
API Access
TerrAscend Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=TSNDF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "TSNDF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=TSNDF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();