Jushi Holdings management commentary cites Ohio retail volumes as driver of Q3 2026 gross profit growth
JUSH•Jushi Holdings' third-quarter 2026 revenue rose 7% to $70.48 million, while gross margin slipped to 46% from 47%. Net loss narrowed to $12.52 million, and adjusted EBITDA increased 6% to $13.61 million.
1. Quarterly results
Jushi Holdings reported third-quarter revenue of $70.48 million, up 7%, citing retail expansion and wholesale growth. Ohio store openings supported retail growth, while expanded wholesale distribution and higher production increased product availability. Gross margin fell to 46% from 47% as lower selling prices outweighed production efficiencies and lower product costs.
2. Loss and EBITDA
Net loss narrowed to $12.52 million from $23.69 million, helped by derivative valuation gains and lower tax expense. Adjusted EBITDA increased 6% to $13.61 million despite higher employee costs from expanded operations and increased professional fees.
