Jushi Holdings Inc. (JUSHF) Earnings Call Transcripts
Jushi Holdings Inc.'s Latest Earnings Call - Q4 FY2025
In the fourth quarter of fiscal year 2025, Jushi Holdings Inc. reported revenue of $68.3 million, reflecting a year-over-year growth of approximately 4%, while full-year revenue reached $262.9 million, up just over 2% from the previous year. The company reported a net loss of $15.6 million for the quarter, compared to a loss of $12.5 million in the prior year. Management highlighted a successful refinancing of $160 million, enhancing financial flexibility and positioning the company for growth, particularly with the anticipated transition to adult-use cannabis in Virginia in January 2027.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $68.3 million (beat) |
| Gross Profit | $28.6 million (beat) |
| Adjusted EBITDA | $13.9 million (beat) |
| Net Loss | $15.6 million (miss) |
| Full Year Revenue | $262.9 million (inline) |
| Debt | $193.1 million (neutral) |
Guidance from management
For 2026, Jushi expects maintenance CapEx to be approximately $4 million to $5 million, with growth CapEx projected at $5 million to $8 million, contingent on regulatory developments in Virginia.
What management said
1/3 -- we could do 1/3, 1/3, 1/3. We could propose whatever we would like to do. First payment would have to be made by December 1 of this year with expectation of sales starting on 1/1/27, and then we can space it out however we see fit and agree with the CCA on that.
What analysts pressed on
Analysts expressed concerns regarding the sequential decline in gross margins and the competitive pricing pressures impacting profitability. There were also questions about the timing and scale of capital expenditures related to the anticipated adult-use market in Virginia and how it might affect future financial performance.
Main topics on the call
- Revenue Growth — Jushi's revenue for Q4 2025 was $68.3 million, a 4% increase from $65.9 million in Q4 2024. Management noted, "the increase was primarily due to growth in Ohio and Virginia," indicating strong retail performance.
- Gross Profit Margin Improvement — The gross profit for Q4 was $28.6 million, representing a margin of 41.9%, up from 38.6% in the prior year. This improvement was attributed to "higher production volumes, improved product quality and stronger performance...
- Adjusted EBITDA Growth — Adjusted EBITDA for Q4 increased to $13.9 million, with a margin of 20.4%, compared to $8 million and 12.2% in the prior year. This reflects the impact of operational improvements and $3 million in employee retention cre...
- Refinancing and Balance Sheet Strengthening — Jushi successfully refinanced $160 million in debt, extending maturities and improving liquidity. Management stated, "this financing was completed without issuing any warrants or equity-linked securities, resulting in no...
Read the full Jushi Holdings Inc. transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Jushi Holdings Inc.
Jushi Holdings Inc. (JUSHF) is a publicly listed company in the Pharmaceuticals industry, within the Health Care sector. It trades on OTCPK and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 29 calls on record spanning May 7, 2020 to July 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 29 Jushi Holdings Inc. earnings call transcripts on record, spanning May 7, 2020 to July 28, 2026. Based on this history, Jushi Holdings Inc. reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- JUSHF
- Exchange
- OTCPK
- Country
- US
- Sector
- Health Care
- Industry
- Pharmaceuticals
- Calls on record
- 29
- First call
- May 7, 2020
- Most recent
- July 28, 2026
- Reporting cadence
- quarterly