Company: JUSHF
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048797
Chunk: 18

Company: Jushi Holdings Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 18
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-current liabilities423,978 421,660 Total liabilities533,166 490,555 COMMITMENTS AND CONTINGENCIES (Note 16)EQUITY (DEFICIT):Common stock, no par value: authorized shares - unlimited; issued and outstanding shares - 196,696,597 and 196,696,597 Subordinate Voting Shares as of September 30, 2025 and December 31, 2024, respectively— — Paid-in capital510,187 508,386 Accumulated deficit(611,656)(558,621)Total Jushi shareholders' deficit(101,469)(50,235)Non-controlling interests— — Total deficit(101,469)(50,235)Total liabilities and equity (deficit)$431,697 $440,320  The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of ContentsJUSHI HOLDINGS INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (In thousands of U.S. dollars, except share and per share amounts)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024REVENUE, NET$65,679 $61,611 $194,571 $191,665 COST OF GOODS SOLD(35,015)(33,612)(109,208)(98,770)GROSS PROFIT30,664 27,999 85,363 92,895 OPERATING EXPENSES28,326 27,819 81,294 80,192 INCOME FROM OPERATIONS2,338 180 4,069 12,703 OTHER INCOME (EXPENSE):Interest expense, net (10,267)(9,382)(30,486)(27,997)Fair value gain (loss) on derivatives(6,325)2,628 (5,875)2,840 Other, net(606)(477)6,992 4,186 Total other income (expense), net(17,198)(7,231)(29,369)(20,971)LOSS BEFORE INCOME TAX(14,860)(7,051)(25,300)(8,268)Income tax expense(8,829)(8,965)(27,735)(28,041)NET LOSS$(23,689)$(16,016)$(53,035)