Financials in USD. Standardized financial statements.
A compact view of how Ascend Wellness Holdings, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $500.58M | $561.60M | $518.59M | $405.93M | $332.38M | $143.73M | $12.03M | $0 |
| Revenue Growth? | -10.9% | +8.3% | +27.8% | +22.1% | +131.3% | +1094.6% | 0.0% | 0.0% |
| Cost of Revenue? | $330.90M | $377.39M | $363.47M | $271.36M | $196.41M | $82.82M | $8.74M | $0 |
| Gross Profit? | $169.68M | $184.21M | $155.12M | $134.56M | $135.97M | $60.91M | $3.29M | $0 |
| Gross Margin? | +33.9% | +32.8% | +29.9% | +33.1% | +40.9% | +42.4% | +27.3% | 0.0% |
| Operating Expenses? | $116.55M | $179.48M | $158.74M | $136.74M | $116.06M | $52.78M | $29.41M | $4.89M |
| Operating Income? | $12.09M | $4.73M | -$3.62M | -$1.43M | $20.17M | $7.85M | -$26.12M | -$4.89M |
| EBITDA? | $87.68M | $68.09M | $82.26M | $27.38M | $6.63M | $21.29M | -$22.52M | $0 |
| Income Before Tax | -$66.81M | -$39.82M | -$14.76M | -$39.21M | -$80.94M | -$5.14M | -$32.58M | -$6.26M |
| Income Tax Expense | $51.38M | $45.17M | $33.45M | $41.69M | $41.72M | $18.70M | $667,000 | $0 |
| Net Income? | -$118.19M | -$84.99M | -$48.21M | -$80.90M | -$122.66M | -$23.84M | -$33.24M | -$6.26M |
| EPS? | $-0.58 | $-0.40 | $-0.24 | $-0.44 | $-0.71 | $-0.14 | $-0.20 | $-0.04 |
| Diluted EPS? | $-0.58 | $-0.40 | $-0.24 | $-0.44 | $-0.71 | $-0.14 | $-0.20 | $-0.04 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality