v3.26.1
10-K Segment reporting - Schedule of adjusted EBITDA by reportable segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting [Line Items]          
Loss before Benefit (provision) for income taxes $ (28,629) $ (16,400) $ (78,214) $ (113,358) [1] $ (129,471) [1]
Total other expense, net 29,382 25,766 103,664 138,101 [1] 169,488 [1]
Depreciation and amortization 47,855 48,829 196,606 231,460 195,593 [2]
Other add-backs, net 14,805 7,899 52,618 47,082 64,549
Adjusted EBITDA 63,413 66,094 274,674 303,285 300,159
Share-based compensation 9,664 4,624 35,736 25,696 20,010
Restructuring costs 1,900 600 3,300 9,000 14,100
Adult use campaign and political initiatives expenses 600   2,700    
Other non-recurring costs 2,600 2,700 10,900 12,400 30,400
Domestic          
Segment Reporting [Line Items]          
Loss before Benefit (provision) for income taxes (22,968) (17,085) (73,554) (90,970) (101,097)
Total other expense, net 26,343 27,535 107,653 140,357 169,959
Depreciation and amortization 41,444 42,883 171,772 203,076 173,581
Other add-backs, net 14,150 7,339 45,513 44,899 63,047
Adjusted EBITDA 58,969 60,671 251,384 297,362 305,490
International          
Segment Reporting [Line Items]          
Loss before Benefit (provision) for income taxes (5,661) 685 (4,660) (22,388) (28,374)
Total other expense, net 3,039 (1,769) (3,989) (2,256) (471)
Depreciation and amortization 6,411 5,946 24,834 28,384 22,012
Other add-backs, net 655 560 7,105 2,183 1,502
Adjusted EBITDA $ 4,444 $ 5,423 $ 23,290 $ 5,923 $ (5,331)
[1]
(1) Amounts reported in the Company’s Annual Financial Statements for the years ended December 31, 2023 have been recast to reflect reclassification of Missouri and Hemp-derived THC operations as discontinued operations.
[2]
(1) Amounts reported in the Company’s Annual Financial Statements for the years ended December 31, 2023 have been recast to reflect reclassification of Missouri and Hemp-derived THC operations as discontinued operations.