TerrAscend Corp (TSNDF) Gross Margin
TerrAscend Corp (TSNDF) currently has a gross margin of 52.8%. Margins are stable over recent quarters. The company is a multi-state cannabis operator (MSO) trading on the OTC.
Current Gross Margin
52.8%
Margin Trend
Stable
Latest Quarter Margin
54.0%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $67.1M | $30.9M | $36.3M | 54.0% |
| FY2026 Q1 | $65.5M | $30.9M | $34.6M | 52.8% |
| FY2025 Q4 | $66.1M | $31.7M | $34.5M | 52.1% |
| FY2025 Q3 | $65.1M | $31.2M | $33.9M | 52.1% |
| FY2025 Q2 | $65.0M | $31.8M | $33.2M | 51.1% |
| FY2025 Q1 | $64.3M | $29.6M | $34.7M | 53.9% |
| FY2024 Q4 | $66.4M | $31.3M | $35.1M | 52.9% |
| FY2024 Q3 | $65.2M | $31.9M | $33.2M | 51.0% |
| FY2024 Q2 | $67.2M | $33.8M | $33.4M | 49.6% |
| FY2024 Q1 | $80.6M | $41.9M | $38.7M | 48.0% |
| FY2023 Q4 | $19.7M | -$339.0K | $20.1M | 101.7% |
| FY2023 Q3 | $89.2M | $41.4M | $47.8M | 53.6% |
Frequently Asked Questions
What is TSNDF's current gross margin?+
Gross margin for TerrAscend Corp is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. TerrAscend Corp's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do TSNDF's margins change quarter to quarter?+
Gross margin fluctuations for TerrAscend Corp can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.