ASCEND WELLNESS HOLDINGS, INC. financials
Source: EDGAR filings · Built 2026-06-19T00:22:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 10.20M | 49.87M | 50.72M | -120.07M | -130.17M | -32.42M |
| EBITDA | 56.52M | 70.89M | 55.36M | 29.58M | 5.01M | 20.41M |
| Working Capital | 99.94M | 84.83M | 136.17M | 87.79M | 140.62M | 18.89M |
| Net Debt | 543.90M | 513.77M | 507.39M | 499.27M | 311.35M | 313.59M |
| Gross Margin | 33.90% | 32.80% | 29.91% | 33.15% | 40.91% | 42.38% |
| Operating Margin | -3.40% | 0.84% | -0.70% | -1.85% | -5.18% | 5.46% |
| Net Margin | -23.61% | -15.13% | -9.30% | -19.93% | -36.90% | -17.70% |
| Return on Equity (ROE) | 249.14% | -119.75% | -33.75% | -49.51% | -69.50% | -671.92% |
| Return on Assets (ROA) | -13.02% | -9.44% | -5.24% | -9.28% | -16.95% | -5.95% |
| Current Ratio | 1.92× | 1.59× | 2.47× | 1.79× | 2.20× | 1.16× |
| Debt-to-Equity | -13.27× | 8.48× | 4.06× | 3.51× | 2.65× | 97.76× |
| Effective Tax Rate | -76.90% | -113.43% | -226.65% | -106.34% | -51.55% | -363.92% |
| Cash Conversion Ratio | -0.32× | -0.86× | -1.56× | 0.47× | 0.34× | 0.24× |
| Accruals Ratio | -0.17× | -0.18× | -0.13× | -0.05× | -0.11× | -0.05× |
| SBC % of Revenue | 0.49% | 3.31% | 3.81% | 4.68% | 6.95% | 0.47% |
| CapEx Coverage | 1.37× | 3.13× | 3.06× | -0.47× | -0.47× | -0.23× |
| Free Cash Flow Per Share | $0.05 | $0.23 | $0.25 | $-0.65 | $-0.87 | $-0.34 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | 500.58M | 561.60M | 518.59M | 405.93M | 332.38M | 143.73M |
| Cost of Revenue | 330.90M | 377.39M | 363.47M | 271.36M | 196.41M | 82.82M |
| Gross Profit | 169.68M | 184.21M | 155.12M | 134.56M | 135.97M | 60.91M |
| Operating Expenses | 186.69M | 179.48M | 158.74M | 142.09M | 153.18M | 53.07M |
| Operating Income (Loss) | -17.01M | 4.73M | -3.62M | -7.53M | -17.20M | 7.85M |
| Income Tax Expense (Benefit) | 51.38M | 45.17M | 33.45M | 41.69M | 41.72M | 18.70M |
| Net Income (Loss) Attributable to Parent | — | — | — | -80.90M | -122.66M | -25.44M |
| Earnings Per Share, Basic | $-0.58 | $-0.40 | $-0.24 | $-0.44 | $-0.82 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Basic | 203.48M | 212.43M | 199.15M | 183.38M | 149.43M | 95.17M |
| Earnings Per Share, Diluted | $-0.58 | $-0.40 | $-0.24 | $-0.44 | $-0.82 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Diluted | 203.48M | 212.43M | 199.15M | 183.38M | 149.43M | 95.17M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 85.68M | 88.25M | 72.51M | 74.15M | 155.48M | 56.55M |
| Assets, Current | 208.95M | 229.38M | 228.86M | 198.74M | 258.01M | 134.18M |
| Assets | 907.93M | 900.43M | 919.55M | 872.16M | 723.44M | 427.75M |
| Long-term Debt | 319.52M | 308.02M | — | — | — | — |
| Liabilities, Current | 109.01M | 144.54M | 92.69M | 110.95M | 117.39M | 115.28M |
| Long-term Debt, Excluding Current Maturities | 291.10M | 214.42M | — | — | 230.85M | 152.28M |
| Liabilities | 954.55M | 828.63M | 776.68M | 708.75M | 546.96M | 423.96M |
| Stockholders' Equity Attributable to Parent | -47.44M | 70.98M | 142.87M | 163.41M | 176.48M | 3.79M |
| Common Stock, Shares, Outstanding | 202.22M | 205.03M | 206.88M | 188.06M | 171.59M | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 38.05M | 73.29M | 75.33M | -38.36M | -41.74M | -6.00M |
| Payments to Acquire Property, Plant, and Equipment | 26.01M | 22.53M | 24.25M | 81.64M | 88.43M | 26.42M |
| Net Cash Provided by (Used in) Investing Activities | -45.74M | -37.20M | -59.89M | -114.25M | -113.23M | -30.87M |
| Net Cash Provided by (Used in) Financing Activities | 5.11M | -20.35M | -17.08M | 71.28M | 252.35M | 82.17M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -24.82M | 8.97M | 1.23M | 10.23M | -825.00K | 29.62M |
| EBITDA | 20.83M | 3.36M | — | — | 20.89M | 23.57M |
| Working Capital | 100.51M | 99.94M | 113.21M | 124.86M | 89.46M | 84.83M |
| Net Debt | 568.41M | 543.90M | 549.14M | 525.53M | 526.47M | 513.77M |
| Gross Margin | 38.38% | 37.43% | 34.96% | 32.51% | 30.91% | 34.46% |
| Operating Margin | 2.18% | -14.24% | -1.06% | -0.79% | 1.94% | 4.48% |
| Net Margin | -25.22% | -40.40% | -20.70% | -19.17% | -15.05% | -12.35% |
| Return on Equity (ROE) | 38.51% | 102.66% | -1471.51% | -89.30% | -37.12% | -23.66% |
| Return on Assets (ROA) | -3.38% | -5.36% | -2.87% | -2.70% | -2.10% | -1.86% |
| Current Ratio | 2.14× | 1.92× | 2.18× | 2.24× | 1.60× | 1.59× |
| Debt-to-Equity | -8.22× | -13.27× | 362.63× | 22.71× | 12.08× | 8.48× |
| Effective Tax Rate | -67.71% | -50.01% | -90.65% | -94.08% | -134.08% | -179.76% |
| Cash Conversion Ratio | 0.66× | -0.34× | -0.84× | -0.97× | -0.31× | -2.09× |
| Accruals Ratio | -0.01× | -0.07× | -0.05× | -0.05× | -0.03× | -0.06× |
| SBC % of Revenue | 0.38% | 0.42% | 1.56% | 0.89% | 0.49% | 2.07% |
| CapEx Coverage | -3.59× | 2.22× | 1.06× | 1.76× | 0.88× | 6.34× |
| Free Cash Flow Per Share | $-0.12 | $0.04 | $0.01 | $0.05 | $-0.00 | $0.14 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 116.93M | 120.55M | 124.73M | 127.30M | 128.00M | 136.01M |
| Cost of Revenue | 72.05M | 75.42M | 81.13M | 85.91M | 88.44M | 89.14M |
| Gross Profit | 44.88M | 45.13M | 43.60M | 41.39M | 39.56M | 46.87M |
| Operating Income (Loss) | 2.55M | -17.17M | -1.32M | -1.00M | 2.49M | 6.10M |
| Income Tax Expense (Benefit) | 11.91M | 16.24M | 12.28M | 11.83M | 11.03M | 10.79M |
| Earnings Per Share, Basic | $-0.15 | $-0.24 | $-0.13 | $-0.12 | $-0.09 | $-0.08 |
| Weighted Average Number of Shares Outstanding, Basic | 202.45M | 203.48M | 202.97M | 203.87M | 205.00M | 212.43M |
| Earnings Per Share, Diluted | $-0.15 | $-0.24 | $-0.13 | $-0.12 | $-0.09 | $-0.08 |
| Weighted Average Number of Shares Outstanding, Diluted | 202.45M | 203.48M | 202.97M | 203.87M | 205.00M | 212.43M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 60.92M | 85.68M | 87.27M | 95.27M | 100.03M | 88.25M |
| Assets, Current | 188.96M | 208.95M | 209.21M | 225.65M | 237.38M | 229.38M |
| Assets | 872.09M | 907.93M | 900.36M | 903.87M | 916.73M | 900.43M |
| Long-term Debt | 318.88M | 319.52M | — | — | — | 308.02M |
| Liabilities, Current | 88.46M | 109.01M | 96.00M | 100.79M | 147.92M | 144.54M |
| Long-term Debt, Excluding Current Maturities | 292.31M | 291.10M | — | — | — | 214.42M |
| Liabilities | 947.86M | 954.55M | 897.78M | 875.71M | 864.03M | 828.63M |
| Stockholders' Equity Attributable to Parent | -76.59M | -47.44M | 1.75M | 27.33M | 51.88M | 70.98M |
| Common Stock, Shares, Outstanding | 202.82M | 202.22M | 202.61M | 203.31M | 205.23M | 205.03M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -19.41M | 16.32M | 21.74M | 23.74M | 5.94M | 35.17M |
| Payments to Acquire Property, Plant, and Equipment | 5.18M | 6.89M | 19.11M | 12.67M | 6.42M | 5.02M |
| Net Cash Provided by (Used in) Investing Activities | -4.75M | -16.76M | -28.97M | -16.44M | -7.85M | -7.19M |
| Payments for Repurchase of Common Stock | 0 | — | 1.58M | 994.00K | 345.00K | — |
| Net Cash Provided by (Used in) Financing Activities | -592.00K | -1.15M | 6.25M | -288.00K | 13.69M | -5.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AAWH CIK 0001756390),
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concepts onto different statements in their own extension
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.