MARKETS / BALCAO / AAWH
BALCAO · MEDICINAL CHEMICALS & BOTANICAL PRODUCTS

Ascend Wellness Holdings, Inc. AAWH

7 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$500.6M
▼ 10.9% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-1004.3%
Net margin · FY25
-23.6%
Dividend coverage
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Result
USD 500.6M
Revenue, FY2025 · full 7-year series below
Revenue Net income
0.20.40.60.5-0.1201920222025
0.20.40.60.5-0.1201920222025

The company lost 24 cents on every revenue dollar this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.2201920222025
0.40.81.2201920222025

The company pays no cash dividend.

Profitability
-1004.3%
Return on equity, FY2025
ROE
0.250.50.751-1004.3%201920222025
0.250.50.751-1004.3%201920222025
Operating margin-3.4%
Net margin-23.6%
Return on assets-13.1%

Each USD of equity lost 1004 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+28.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.2%
+28.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 907.9M
total assets, end of FY2025
Total assetsUSD 907.9M
EquityUSD -47.4M
CashUSD 85.7M
Gross debtUSD 301.5M
Net debtUSD 215.8M
Current ratio1.92×

Net debt stands at -455% of equity.

History
7 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
Revenue $B
0.5
0.6
0.5
0.4
0.3
0.1
0.0
Operating income $B
−0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.0
EBITDA $B
0.1
0.1
0.1
0.0
0.0
0.0
−0.0
Income tax $B
0.1
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.1
−0.1
−0.0
−0.1
−0.1
−0.0
−0.0
EPS, diluted $
·
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
ROE %
−1004.3
−79.5
−31.5
−47.6
−136.1
−671.9
·
Shares out B
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
26 of 26
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed