Jushi Holdings Inc. | 8-K: FY2026 Q2 Revenue: USD 71.3 M

Revenue: As of FY2026 Q2, the actual value is USD 71.3 M.

EPS: As of FY2026 Q2, the actual value is USD -0.04.

EBIT: As of FY2026 Q2, the actual value is USD 1.581 M.

Second Quarter 2026 Financial Highlights

Revenue

• Total revenue for Jushi Holdings Inc. was $71.3 million for the second quarter ended June 30, 2026, marking a 10% year-over-year increase compared to $65.0 million in the second quarter of 2025.
• Wholesale revenue increased by 68% year-over-year to an all-time quarterly record of $9.4 million in Q2 2026, up from approximately $5.6 million in Q2 2025.
• Retail revenue increased by 4% year-over-year to $61.9 million in Q2 2026, compared to approximately $59.5 million in Q2 2025.

Gross Profit

• Gross profit was $31.5 million in Q2 2026, compared to $28.9 million in Q2 2025.
• Gross profit margin was 44.2% in Q2 2026, a slight decrease from 44.5% in Q2 2025.

Operating Expenses

• Selling, general and administrative expenses were $29.3 million in Q2 2026, up from $28.7 million in Q2 2025.
• Impairment and other asset-related gains/losses, net, was $1.5 million in Q2 2026, compared to - $3.4 million in Q2 2025.
• Total operating expenses were $30.8 million in Q2 2026, compared to $25.3 million in Q2 2025.

Income from Operations

• Income from operations was $0.7 million in Q2 2026, down from $3.6 million in Q2 2025.

Net Loss

• Net loss was - $7.3 million in Q2 2026, an improvement from - $12.3 million in Q2 2025.

Adjusted EBITDA

• Adjusted EBITDA was $13.3 million in Q2 2026, compared to $13.7 million in Q2 2025.
• Adjusted EBITDA margin was 18.7% in Q2 2026, down from 21.1% in Q2 2025.

Cash Flow and Liquidity

• Cash, cash equivalents, and restricted cash totaled $35.5 million as of June 30, 2026.
• Cash provided by operations was $0.8 million during Q2 2026, an improvement from cash used in operations of - $1.9 million during Q2 2025.
• Capital expenditures were $3.9 million during Q2 2026.
• Total gross debt subject to scheduled repayments was $219.8 million as of June 30, 2026.
• For the six months ended June 30, 2026, net cash flows provided by operating activities were $9.405 million, compared to $5.594 million for the same period in 2025.
• Net cash flows used in investing activities were - $7.977 million for the six months ended June 30, 2026, compared to - $4.834 million for the same period in 2025.
• Net cash flows provided by financing activities were $7.410 million for the six months ended June 30, 2026, compared to $3.125 million for the same period in 2025.

Unique Financial and Operational Metrics

• Jushi Holdings Inc. recognized a discrete income tax benefit of $6.4 million related to the reassessment of certain deferred tax balances.
• Jushi-branded product sales grew to 57% of retail revenue in Q2 2026 across the Company’s five vertical markets, up from 56% in Q2 2025.
• The Company introduced 501 new, unique SKUs during Q2 2026.
• Jushi Holdings Inc. operated 42 dispensaries in eight states at the end of Q2 2026, an increase from 40 dispensaries in seven states at the end of Q2 2025.
• Retail units sold increased 11.4% year-over-year.
• Virginia achieved record quarterly revenue, with retail revenue in Virginia growing by $0.6 million, driven by a 10% increase in units sold.

Outlook / Guidance

Jushi Holdings Inc. anticipates significant growth in Virginia with adult-use legislation sales commencing on July 1, 2027, and is advancing cultivation and processing investments to support this transition. The Company is also evaluating disciplined financing alternatives and leveraging its existing retail infrastructure. For the second half of the year, the focus remains on expanding distribution, optimizing its retail portfolio, maintaining liquidity, and deploying capital toward opportunities for attractive long-term returns.