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Ascend Wellness

(OTC) AAWH

Current Price$0.41
Market Cap$83.24MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-96%
5 Year-96%
1 Year+13%
1 Month-23%
Ascend Wellness last closing stock price
MetricPriceDate
Last closeUSD 0.412026-07-16
Ascend Wellness stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0%USD 0.412026-07-09
1 month-22.9%USD 0.532026-06-16
3 month-10.87%USD 0.462026-04-17
Year to date-43.45%USD 0.732025-12-31
1 year+12.96%USD 0.362025-07-16
3 year-40.58%USD 0.692023-07-17
5 year-96.1%USD 10.502021-07-16
Since inception-95.72%USD 9.592021-05-26

Ascend Wellness Financials at a Glance

Market Cap

$83.24MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$489.52M

Net Income (TTM)

-$128.43M

EPS (TTM)

-$0.63

P/E Ratio

-0.65

Dividend

$0.00

Beta (Volatility)

0.76 (Low)

Price

$0.41

Volume

14,725

Open

$0.44

Previous Close

$0.41

Daily Range

$0.41 - $0.44

52-Week Range

$0.34 - $1.20

Estimated Earnings Date

Aug 6, 2026

AAWH News

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AAWH Sales Down 10%

Motley Fool Markets TeamAug 7, 2025
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About Ascend Wellness

Ascend Wellness sells cannabis products like flower and edibles in the US. Its stores and brands help adults seeking regulated alternatives for wellness or recreation. The company’s products are used by consumers looking for legal, consistent cannabis experiences.

What’s in the Bag? Products and Services

  • Retail Cannabis Products: Sells flower, pre-rolls, vapes, edibles, and tablets. In 2025, retail revenue was $339.6 million out of total revenue of $500.6 million; targets adult consumers in regulated states.
  • Wholesale Cannabis: Supplies products to third-party licensed retailers; 32.1% of 2025 revenue; serves other cannabis businesses.
  • Ozone Brand: Core lifestyle brand with broad product range; available in all cultivation markets; appeals to mainstream consumers.
  • Simply Herb: Value-focused brand; strong in Massachusetts and Illinois; targets price-sensitive buyers.
  • High Wired & Honor Roll: New brands for experienced users; launched in 2025; focus on infused and premium pre-rolls.

Growth and Expansion: The Road So Far

  • Opened 8 new retail stores, including partner locations, in 2025.
  • Launched High Wired and Honor Roll brands in 2025 to reach new consumer segments.
  • Expanded eCommerce and loyalty programs, with 85% of retail customers using digital ordering in 2025.
  • Added cultivation capacity in Massachusetts and expanded greenhouse operations in Illinois in 2025.
  • Share repurchase program bought back 4,801 shares in 2025.

What Makes Ascend Wellness Stand Out?

The company controls its supply chain from cultivation to retail in most markets. It focuses on states with limited cannabis licenses, reducing direct competition. Its omni-channel retail approach combines physical stores, eCommerce, and loyalty programs for broad consumer reach.

Five Things You Need to Know

  • Revenue was $500.6 million in 2025, down 11% from 2024.
  • Retail sales made up 67.9% of 2025 revenue; wholesale was 32.1%.
  • Adjusted EBITDA was $116.9 million in 2025, flat from 2024.
  • Operating loss was $17.0 million in 2025, compared to a $4.7 million profit in 2024.
  • Cash and equivalents were $85.7 million at year-end 2025; total debt was $319.5 million.

Bottom Line

Ascend Wellness has grown through new stores, brand launches, and digital retail. The company faces pricing pressure but maintains a broad product portfolio and multi-state presence.

AI Generated • Apr 16, 2026

Industry

Personal Products

Sector

Consumer Staples

Employees

2,300

CEO

Samuel Brill

Website

www.awholdings.com

Headquarters

Morristown, NY 10018, US

AAWH Financials

Key Financial Metrics (TTM)

Gross Margin

33.67%

Operating Margin

2.86%

Net Income Margin

-26.24%

Return on Equity

541.07%

Return on Capital

2.08%

Return on Assets

-14.73%

Earnings Yield

-1.54%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$83.24MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

203.03M

Volume

14.72K

Avg. Volume

130.34K

Financials (TTM)

Gross Profit

$164.80M

Operating Income

$13.99M

EBITDA

$92.03M

Operating Cash Flow

$12.70M

Capital Expenditure

-$5.65M

Free Cash Flow

$7.05M

Cash & ST Invst.

$60.92M

Total Debt

$630.64M

Ascend Wellness Performance Analysis

Ascend Wellness annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 405,926,00022.1%
20232023-12-31USD 518,590,00027.8%
20242024-12-31USD 561,599,0008.3%
20252025-12-31USD 500,581,000-10.9%
Ascend Wellness sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-0.5%
Q32025-09-30-2.0%
Q42025-12-31-3.4%
Q12026-03-31-3.0%
Ascend Wellness annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.44-38.3%
20232023-12-31USD -0.24-45.1%
20242024-12-31USD -0.4065.3%
20252025-12-31USD -0.5845.2%
Ascend Wellness sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-27.8%
Q32025-09-30-8.3%
Q42025-12-31-84.6%
Q12026-03-3137.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$116.93M

-8.6%

Gross Profit

$34.68M

-12.3%

Gross Margin

29.66%

N/A

Market Cap

$83.24MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$36.19K

N/A

Employees

2,300

N/A

Net Income

-$29.49M

-53.1%

EBITDA

$24.49M

+21.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$60.92M

-39.1%

Total Debt

$630.64M

+4.0%

Accounts Receivable

$27.40M

-41.5%

Inventory

$87.15M

+1.8%

Long Term Debt

$614.90M

+18.4%

Short Term Debt

$15.74M

-81.9%

Return on Assets

-14.73%

N/A

Return on Invested Capital

1.79%

N/A

Free Cash Flow

-$24.59M

-514.1%

Operating Cash Flow

-$19.41M

-426.8%

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Questions About AAWH

What is the current price of Ascend Wellness?

Ascend Wellness is trading at $0.41 per share.

What is the 52-week range for Ascend Wellness?

Over the past 52 weeks, Ascend Wellness has traded between $0.34 and $1.20.

How much debt does Ascend Wellness have?

As of the most recent reporting period, Ascend Wellness reported total debt of $630.64M.

How much cash does Ascend Wellness have on hand?

Ascend Wellness reported $60.92M in cash and cash equivalents in its most recent financial results.

What is Ascend Wellness’s dividend yield?

Ascend Wellness does not currently have a dividend yield.

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