Company: JUSHF
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037797
Chunk: 37

Company: Jushi Holdings Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 37
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’s revenue from external customers, disaggregated by revenue stream:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Retail$59,440 $56,992 $116,284 $114,361 Wholesale5,606 7,603 12,608 15,693 Total revenue, net$65,046 $64,595 $128,892 $130,054 

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Table of ContentsJUSHI HOLDINGS INC. Notes to the Unaudited Condensed Consolidated Financial Statements(Amounts Expressed in Thousands of U.S. dollars, Except Share and Per Share Amounts)

 13.   OPERATING EXPENSESThe major components of operating expenses are as follows:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Salaries, wages and employee related expenses$14,591 $14,192 $28,740 $28,339 Depreciation and amortization expenses4,593 3,827 9,190 7,105 Rent and related expenses3,034 2,961 6,231 5,875 Professional fees and legal expenses1,855 1,606 3,780 4,181 Share-based compensation expense374 347 67 1,871 Gain on asset disposals and lease terminations(3,424)(2,626)(3,298)(2,676)Other expenses (1)4,299 3,855 8,258 7,678 Total operating expenses$25,322 $24,162 $52,968 $52,373 (1)     Other expenses are primarily comprised of marketing and selling expenses, insurance costs, administrative and licensing fees, software and technology costs, travel, entertainment and conferences and other.

 14.   INCOME TAXESThe following table summarizes the Company’s income tax expense and effective tax rates for the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Income (loss) before income tax$(2,403)$7,391 $(10,440)$(1,217)Income tax expense$9,928 $9,329 $18,906 $19,076 Effective income tax rate413.2