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OTC · Health care

Ascend Wellness Holdings, Inc. (AAWH)

Ascend Wellness Holdings, Inc. brought in $488.3M of revenue over the twelve months to June 30, 2026, down 8.4% from a year earlier. It posted a net loss of $113.8M. Operating cash flow minus capital spending left $12M of free cash flow in fiscal 2025. At June 30, 2026 it held $67M in cash against $334.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 12, 2026.

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Price
$0.57
-4.83% on the day · September 28, 2026
52-week range $0.34 to $1.20
Market cap
$116M
Revenue (last 12 months)
$488.3M
-8.4% year on year
Net margin
-23.3%

What Ascend Wellness Holdings, Inc. does

Ascend Wellness Holdings, Inc. is registered with the SEC under industry code SIC 2833 (Medicinal Chemicals & Botanical Products). Its shares trade on OTC under the ticker AAWH.

Revenue and profit by year

Revenue
FY19: $12M $12M FY19FY21: $143.7M $143.7M FY21FY21: $332.4M $332.4M FY21FY22: $405.9M $405.9M FY22FY23: $518.6M $518.6M FY23FY24: $561.6M $561.6M FY24FY25: $500.6M $500.6M FY25
Net income
FY19: -$31.9M -$31.9M FY19FY21: -$25.4M -$25.4M FY21FY21: -$122.7M -$122.7M FY21FY22: -$80.9M -$80.9M FY22FY23: -$48.2M -$48.2M FY23FY24: -$85M -$85M FY24FY25: -$118.2M -$118.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$500.6M-$17M-$118.2M-$0.58$12M
2024$561.6M$4.7M-$85M-$0.40$50.8M
2023$518.6M-$3.6M-$48.2M-$0.24$51.1M
2022$405.9M-$7.5M-$80.9M-$0.44-$120M
2021$332.4M-$17.2M-$122.7M-$0.82-$130.2M
2021$143.7M$7.8M-$25.4M-$0.27-$32.4M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 9, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 10, 2025. Not a date the company has announced. See the report calendar

Where AAWH ranks in Health care

Revenue$500.6M
#206 of 742 in Health care · Top 28%
Revenue growth-10.9%
#465 of 529 in Health care · Bottom 12%
Net margin-23.6%
#334 of 541 in Health care · Bottom 38%
Free cash flow margin2.4%
#215 of 488 in Health care · Top 44%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Ascend Wellness Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 31, 2026
  2. August 12, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 0.9% to $126.1M versus the same quarter last year; diluted EPS -$0.05 versus -$0.12.
  3. August 12, 2026
  4. August 10, 2026
  5. July 10, 2026
  6. July 9, 2026
  7. June 29, 2026
  8. June 25, 2026
  9. June 25, 2026
  10. May 13, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 8.6% to $116.9M versus the same quarter last year; diluted EPS -$0.15 versus -$0.09.

Recent insider filings (Forms 3, 4 and 144): 3, the latest on December 26, 2024. Insider transactions on SEC

What is AAWH worth? A DCF from its reported cash flow

All filings on SEC EDGAR

Questions about AAWH

What does Ascend Wellness Holdings, Inc. do?

Ascend Wellness Holdings, Inc. is registered with the SEC under industry code SIC 2833 (Medicinal Chemicals & Botanical Products). Its shares trade on OTC under the ticker AAWH.

Is Ascend Wellness Holdings, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $113.8M on revenue of $488.3M.

How much revenue does Ascend Wellness Holdings, Inc. make?

Over the twelve months to June 30, 2026 Ascend Wellness Holdings, Inc. reported revenue of $488.3M. That is 8.4% less than a year earlier.

When did Ascend Wellness Holdings, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 12, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the shareholder vote results from August 31, 2026.

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Where the numbers come from

Financial figures are the values Ascend Wellness Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.