Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Ayr Wellness Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
75.2
155
358
466
464
464
Cost of revenue
40.8
66.6
246
261
287
Gross profit
26.3
88.8
138
175
202
177
Selling, general and administrative
144
213
178
167
Selling and marketing
1.35
2.15
7.7
Operating expenses
382
240
338
Operating income
-37.5
1.23
-56
-207
-37.1
-161
Interest expense
28.3
39.4
78.3
Other non-operating income
35.2
-8.63
-158
Pre-tax income
-159
-2.52
12.3
-172
-45.8
-319
Income tax
4.84
22.1
29.3
44.7
47.4
43.3
Net income to minority interests
-10
-7.07
-3.05
Net income
-164
-24.6
-17
-245
-272
-359
EBITDA
-188
-4.82
-133
EPS, basic
-1.31
-0.88
-0.30
-3.58
-3.68
-3.24
EPS, diluted
-1.31
-0.88
-0.30
-3.58
-3.68
-3.24
Shares, basic (weighted)
0.07
0.07
0.11
Shares, diluted (weighted)
0.07
0.07
0.11
Balance sheet
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
8.4
127
150
76.8
50.8
35.5
Receivables
7.74
13.5
13.2
Inventory
13.7
22.9
93.4
99.8
106
113
Total current assets
29.9
159
266
454
209
175
Property, plant and equipment
37.2
69.1
275
303
310
278
Lease right-of-use assets
12.3
22.6
121
126
164
Goodwill
54.9
58
199
94.1
94.1
0
Intangible assets
190
252
979
745
674
617
Total assets
355
565
1,860
1,768
1,460
1,269
Accounts payable
26.7
24
30.9
Accrued liabilities
25.5
40.8
27
Short-term debt
40.5
23.2
24.8
Total current liabilities
34.7
57.5
152
269
201
109
Long-term debt
136
411
386
Lease liabilities
13
23.9
118
125
180
Other non-current liabilities
0.52
25
22
Total liabilities
187
280
840
932
889
904
Total debt
177
434
410
Paid-in capital
28.9
60
1,350
1,371
1,519
Retained earnings
-246
-248
-265
-511
-783
-1,142
Treasury stock
-8.99
-8.99
0
Other comprehensive income
3.27
3.27
3.27
Shareholders' equity
1,020
833
582
380
Minority interests
0
0
0
2
-11.1
-14.7
Total equity
200
285
1,020
835
571
365
Total liabilities and equity
355
565
1,860
1,768
1,460
1,269
Cash flow statement
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
-164
-24.6
-17
-255
-280
-362
Depreciation and amortization
19
32.3
28.2
Stock-based compensation
16.4
18
Deferred income tax
1.59
-7.45
-14.2
Change in receivables
0.06
-6.05
-0.74
Change in inventory
-12.5
-6.25
-6.76
Cash from operations
-34.2
27.2
9.63
Capital expenditures
-14.4
-14.4
-91.6
-58.8
-27.7
-17.7
Cash from investing
5.24
-62.2
-220
-66.5
-24.2
-21.8
Debt issued
104
149
51.7
10.7
40
Debt repaid
-2.88
-5.62
-8.75
-17.9
-52
-22.2
Stock issued
118
0.3
Share buybacks
-8.43
Cash from financing
-1.5
146
275
27
-32.9
-3.1
Exchange rate effect
0.98
Net change in cash
-73.7
-29.9
-15.3
Free cash flow
-93
-0.53
-8.08
Interest paid
49.2
49.9
58.3
Income taxes paid
30.9
7.08
6.41
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
38.1%
Gross profit / revenue.
Operating margin
-34.7%
Operating income / revenue.
EBITDA margin
-28.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-68.8%
Pre-tax income / revenue.
Net margin
-77.5%
Net income / revenue.
FCF margin
-1.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
2.1%
Cash from operations / revenue.
Return on equity (ROE)
-74.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-26.3%
Net income / average total assets.
Return on invested capital (ROIC)
-14.8%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
36.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
3.9%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
3.8%
Capital expenditures / revenue.
D&A / revenue
6.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
0.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
9.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
43.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-12.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
8.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
46.4%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-64.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-34.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-28.1%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-13.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-12.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
29.0%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
49.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.60x
Current assets / current liabilities.
Quick ratio
0.45x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.32x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.08x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
32.3%
Total debt / total assets.
Liabilities / assets
71.3%
Total liabilities / total assets.
Net debt
$375.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
183.9%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$3.24
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$3.24
Net income per basic share, as reported (split-adjusted).
Revenue per share
$4,183.00
Revenue / diluted weighted shares.
FCF per share
-$72.94
Free cash flow / diluted weighted shares.
Operating cash flow per share
$86.91
Cash from operations / diluted weighted shares.
Book value per share
$3,424.00
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.00x
Market cap / revenue.
P/B
0.00x
Market cap / shareholders' equity. Only when equity is positive.
P/OCF
0.04x
Market cap / cash from operations, when positive.
EV/Sales
0.81x
Enterprise value / revenue.
FCF yield
-2,009.0%
Free cash flow / market cap.
Earnings yield
-89,289.0%
Net income / market cap (the inverse of P/E).
What was Ayr Wellness Inc.'s revenue in fiscal 2024?
Ayr Wellness Inc. reported revenue of $463.6M for fiscal 2024, 0% higher than the year before.
Was Ayr Wellness Inc. profitable in fiscal 2024?
No. It reported a net loss of $359.3M.
How much free cash flow did Ayr Wellness Inc. generate in fiscal 2024?
Cash from operations of $9.6M minus capital expenditures of $17.7M left free cash flow of -$8.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.