Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 10

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 10
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 in Adjusted EBITDA was primarily due to overall lower margin,  which was partially offset by payments received from the IRS in relation to employee retention credit claims.

29

The table below reconciles net loss to EBITDA and Adjusted EBITDA for the periods indicated. 

(Amounts expressed in thousands of U.S. dollars)

Three Months Ended June 30,Six Months Ended June 30,2025202420252024NET LOSS$(12,331)$(1,938)$(29,346)$(20,293)Income tax expense 9,928 9,329 18,906 19,076 Interest expense, net10,219 9,071 20,219 18,615 Depreciation and amortization (1)7,967 7,377 16,002 14,213 EBITDA (Non-GAAP)15,783 23,839 25,781 31,611 Non-cash share-based compensation374 347 67 1,871 Fair value changes in derivatives187 (5,312)(450)(212)Tangible long-lived asset impairment— 157 — 157 Other (income) expense, net (2)(2,630)(2,657)(1,856)(3,305)Gain on debt extinguishment— — — (399)Gain on deconsolidation of Jushi Europe— (1,896)— (1,896)Adjusted EBITDA (Non-GAAP)$13,714 $14,478 $23,542 $27,827 

(1)Includes amounts that are included in cost of goods sold and in operating expenses.(2)Includes: (i) remeasurement of contingent consideration related to acquisitions; (ii) losses (gains) on legal settlements; (iii) losses (gains) on asset disposals; (iv) foreign exchange losses (gains); (v) indemnification asset adjustments related to acquisitions; and (vi) start-up costs.

Liquidity and Capital Resources

(Amounts expressed in thousands of U.S. dollars, unless otherwise stated)

Sources and Uses of Cash

We had cash, cash equivalents and restricted cash of $25,231 as of June 30, 2025. 

The major components of our statements of cash flows for the six months ended June 30, 2025 and 2024, are as follows: