Jushi Holdings Inc. Earnings Recaps
Q3 2026
Oct 30, 2026
Jushi’s Q3 results showed continued revenue growth and record wholesale sales, alongside slightly lower gross and adjusted EBITDA margins. Shares rose 2.8% after earnings, a broadly neutral reaction that does not signal a decisive market verdict.
Key takeaways
- Revenue increased 7.3% year over year to $70.5 million, the second consecutive quarter above $70 million.
- Wholesale revenue rose 40% to a quarterly record $9.7 million; retail revenue grew 3.5% to $60.8 million. Retail units sold rose 8.4%, while lower average selling prices weighed on revenue growth.
- Gross profit increased to $32.3 million, but gross margin declined about 80 basis points to 45.9%.
- Adjusted EBITDA rose to $13.6 million, while margin eased to 19.3% from 19.5%. The increase came despite lower employee retention credit income.
- Virginia retail revenue grew 7.6% year over year to a second consecutive quarterly record as Jushi prepares for adult-use sales scheduled to begin July 1, 2027.