Grown Rogue Q3 revenue rises on New Jersey performance
Grown Rogue’s Q3 revenue rose 29% year over year to $11.0 million, while adjusted EBITDA increased 70% to $2.6 million. The company reported an $8.9 million net loss and maintained its 2026 and 2027 guidance, excluding New York.
1. Quarterly results
Grown Rogue reported Q3 revenue of $11.0 million, up 29% year over year, and adjusted EBITDA of $2.6 million, up 70%. Its net loss was $8.9 million, including a $5.0 million loss on the acquisition of Rogue EBC.
2. New Jersey growth
Revenue in New Jersey rose 44% year over year, supported by sell-through of branded packaged products at attractive pricing and improved flower quality and yields. Oregon and Michigan had higher total flower yields and lower production costs, while competitive pricing weighed on results.
3. Guidance maintained
Grown Rogue maintained its 2026 revenue guidance of $38 million to $41 million and adjusted EBITDA guidance of $7 million to $9 million, excluding New York. It also maintained 2027 revenue guidance of $55 million to $63 million and adjusted EBITDA guidance of $14 million to $18 million, excluding New York, and plans to revisit guidance to include New York when reporting Q4 and full-year 2026 results.
