TerrAscend (TSNDF) Operating Expenses (2021 - 2026)

TerrAscend's (TSNDF) quarterly Operating Expenses came in at $23.1 million in Q1 2026, up 2.87% year-on-year from $22.4 million in Q1 2025, and down 13.93% on a QoQ basis from $26.8 million in Q4 2025.

TerrAscend (TSNDF) Operating Expenses (2021 - 2026) Analysis & Trends

TerrAscend (TSNDF) has 6 years of Operating Expenses data on file, last reported at $23.1 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 2.87% year-over-year to $23.1 million in Q1 2026; TTM through Mar 2026 was $94.9 million, a 0.39% change from a year earlier, with the FY2025 full-year figure at $94.3 million, down 2.73% from the prior year.
  • Operating Expenses for Q1 2026 stood at $23.1 million, down from $26.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for TSNDF reached as high as $361.2 million in Q3 2022 and fell as low as $15.4 million in Q4 2023.
  • Historically, Operating Expenses has averaged $45.2 million across 5 years, with a median of $23.6 million in 2022.
  • Across the five-year window, Operating Expenses soared 1452.61% in 2022 and plunged 91.67% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $17.1 million in 2022, then slipped by 9.92% to $15.4 million in 2023, then soared by 52.57% to $23.5 million in 2024, then climbed by 14.32% to $26.8 million in 2025, then decreased by 13.93% to $23.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $23.1 million in Q1 2026, $26.8 million in Q4 2025, and $22.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 455.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 494.00 Mn
10 TerrAscend 160.44 Mn 162.98 Mn 34.60 Mn 23.08 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 22.59 Mn