v3.26.1
10-Q 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 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 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 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.