Business
Vext Reports Q4 and FY 2025; Fiscal 2025 Revenue up +43% to $51.4M, Operating Cash Flow up +256% to $11.7M as Ohio Retail Scales
Fiscal 2025 revenue of $51.4 million, up +43% YoY, with EBITDA* of $5 million and Adjusted EBITDA* of $10.9 million; net cash provided by operating activities of $11.7 million, up +256% (+$8.4 million) YoY. Margins expected to improve as newer Ohio retail locations ramp and the retail base continues to stabilize.Q4 2025 revenue of $13.7 million, up +35% YoY; Adjusted EBITDA* of $2.1 million and net cash provided by operating activities of $3.2 million. Reported Q4 EBITDA* of $(3) million...
About this update from Vext Science, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Fiscal 2025 revenue of $51.4 million, up +43% YoY, with EBITDA* of $5 million and Adjusted EBITDA* of $10.9 million; net cash provided by operating activities of $11.7 million, up +256% (+$8.4 million) YoY. Margins expected to improve as newer Ohio retail locations ramp and the retail base continues to stabilize.","length":314,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 2025 revenue of $13.7 million, up +35% YoY; Adjusted EBITDA* of $2.1 million and net cash provided by operating activities of $3.2 million. Reported Q4 EBITDA* of $(3) million reflects a $5.0 million non-cash impairment on one Columbus, Ohio dispensary.","length":256,"tagName":"p"}]},{"val":[{"type":"text","content":"Expanded Ohio retail footprint to five operating locations. On track to reach the state dispensary license cap of eight by early 20271, positioning Vext to capture sustained growth from growing adult-use market in Ohio.","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":"Proactive optimization of Arizona operations underway, including the planned exit of cultivation at Eloy, reflecting disciplined capital allocation to enhance free cash flow and redeploy capital toward higher-return growth opportunities in Ohio.","length":245,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1034,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) ("Vext" or the "Company") a U.S.-based cannabis operator with operations in Arizona and Ohio, today reported its financial results for the period ended December 31, 2025. All currency references used in this news release are in U.S. currency unless otherwise noted.","length":406,"tagName":"p"},{"type":"text","content":"Summary Financial Results (in thousands of US dollars)","length":54,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"style":"text-align:center;vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"style":"text-align:center...