TerrAscend (TSNDF) Operating Expenses (2021 - 2026)
TerrAscend (TSNDF) reported Operating Expenses of $23.1 million for Q1 2026, up 2.87% year-over-year from $22.4 million in Q1 2025, and down 13.93% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $23.1 million, up 2.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $94.9 million (changed 0.39% YoY), and the FY2025 annual result was $94.3 million, down 2.73% from the prior year.
- Operating Expenses slipped to $23.1 million in Q1 2026 per TSNDF's latest filing, from $26.8 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 $45.2 million and a median of $23.6 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 1452.61% in 2022, then slumped 91.67% in 2023.
- A 5-year view of Operating Expenses shows it stood at $17.1 million in 2022, then fell by 9.92% to $15.4 million in 2023, then soared by 52.57% to $23.5 million in 2024, then rose by 14.32% to $26.8 million in 2025, then declined by 13.93% to $23.1 million in 2026.
- Business Quant data shows TSNDF's Operating Expenses at $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 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 526.00 Mn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 788.00 Mn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 455.70 Mn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 19.40 Mn |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 621.10 Mn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 478.00 Mn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | 441.19 Mn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | 475.11 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 96.91 Mn |
| 10 | TerrAscend | - | - | 34.60 Mn | 23.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |