TerrAscend (TSNDF) Operating Expenses (2021 - 2026)
TerrAscend's (TSNDF) quarterly Operating Expenses came in at $24.1 million in Q2 2026, up 8.41% year-over-year from $22.3 million in Q2 2025, and up 4.58% quarter-over-quarter from $23.1 million in Q1 2026.
Analysis
TerrAscend (TSNDF) Operating Expenses (2021 - 2026) Analysis & Trends
TerrAscend (TSNDF) has reported Operating Expenses for 6 consecutive years, with $24.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 8.41% year-over-year to $24.1 million in Q2 2026; TTM through Jun 2026 was $96.8 million, a 2.87% increase from a year earlier, with the FY2025 full-year figure at $94.3 million, down 2.73% from the prior year.
- Operating Expenses was $24.1 million for Q2 2026 at TerrAscend, up from $23.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $361.2 million in Q3 2022 and troughed at $15.4 million in Q4 2023.
- A 5-year average of $44.0 million and a median of $23.9 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 1452.61% in 2022 and tumbled 91.67% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $17.1 million in 2022, then declined by 9.92% to $15.4 million in 2023, then surged by 52.57% to $23.5 million in 2024, then increased by 14.32% to $26.8 million in 2025, then fell by 9.99% to $24.1 million in 2026.
- The last three Operating Expenses figures came in at $24.1 million (Q2 2026), $23.1 million (Q1 2026), and $26.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 165.69 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 532.81 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 117.91 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 21.05 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 18.76 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 101.60 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 106.98 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 96.56 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 32.06 Mn |
| 10 | TerrAscend | 201.74 Mn | 159.62 Mn | 36.25 Mn | 24.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.14 Mn |
| Mar 31, 2026 | 23.08 Mn |
| Dec 31, 2025 | 26.82 Mn |
| Sep 30, 2025 | 22.78 Mn |
| Jun 30, 2025 | 22.26 Mn |
| Mar 31, 2025 | 22.44 Mn |
| Dec 31, 2024 | 23.46 Mn |
| Sep 30, 2024 | 25.96 Mn |
| Jun 30, 2024 | 22.72 Mn |
| Mar 31, 2024 | 32.66 Mn |
| Dec 31, 2023 | 15.38 Mn |
| Sep 30, 2023 | 30.08 Mn |
| Jun 30, 2023 | 32.73 Mn |
| Mar 31, 2023 | 30.09 Mn |
| Dec 31, 2022 | 17.07 Mn |
| Sep 30, 2022 | 361.25 Mn |
| Jun 30, 2022 | 35.51 Mn |
| Mar 31, 2022 | 23.60 Mn |
| Dec 31, 2021 | 12.83 Mn |
| Sep 30, 2021 | 23.27 Mn |