Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 70

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 70
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,499)450 —%212 —%238 Other, net4,401 7%2,746 4%1,655 7,598 6%4,663 4%2,935 Total other income (expense), net(6,005)(9)%(1,013)(2)%(4,992)(12,171)(9)%(13,740)(11)%1,569 INCOME (LOSS) BEFORE INCOME TAX(2,403)(4)%7,391 11%(9,794)(10,440)(8)%(1,217)(1)%(9,223)Income tax expense(9,928)(15)%(9,329)(14)%(599)(18,906)(15)%(19,076)(15)%170 NET LOSS$(12,331)(19)%$(1,938)(3)%(10,393)$(29,346)(23)%$(20,293)(16)%(9,053)LOSS PER SHARE - BASIC AND DILUTED$(0.06)$(0.01)$(0.05)$(0.15)$(0.10)$(0.05)Weighted average shares outstanding - basic and diluted195,196,597 195,138,473 58,124 195,196,597 195,135,057 61,540 

24

Three Months Ended June 30, 2025 Compared with the Three Months Ended June 30, 2024

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

Revenue, Net

The following table presents revenue by type for the periods indicated:

Three Months Ended June 30,20252024$ Change% ChangeRetail$59,440 $56,992 $2,448 4 %Wholesale5,606 7,603 (1,997)(26)%Total revenue, net$65,046 $64,595 $451 1 %

Total revenue, net, was $65,046 compared to $64,595, an increase of $451 or 1%. 

Retail revenue increased $2,448. While the overall units sold in our retail channel increased by approximately 8%, the average price per unit declined. The increase in retail revenue was primarily due to:

•An increase in sales in Virginia of $1,780 primarily due to an increase in the number of units sold by approximately