AAWH - Ascend Wellness Holdings, Inc.

📈 Is growth accelerating? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Revenue Growth YoY (%)	-8.6% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-273%)	-11.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-327%)	-11.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-339%)	-10.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-301%)	-10.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-302%)	-3.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-159%)	0.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-95%)	15.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+202%)	24.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+395%)	25.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+401%)	27.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+440%)	26.1% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+423%)	34.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+584%)	26.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+433%)	17.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+257%)	17.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+239%)	28.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+473%)	63.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1161%)	127.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2451%)	228.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+4468%)	192.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3755%)	—	—	—	—	—
EPS Growth YoY (%)	-66.7% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-200.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-20.0% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	11.1% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-160.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	—	10.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-12.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	44.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	100.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	37.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-14.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-12.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	63.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	64.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	12.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-33.3% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-400.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-462.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	-53.1% Weak ↓ Weak Declining Year-over-year change in net income	—	-6.0% Weak → Weak Stable Year-over-year change in net income	-6.0% Weak ↓ Weak Declining Year-over-year change in net income	-6.0% Weak ↓ Weak Declining Year-over-year change in net income	—	1.7% Caution → Caution Stable Year-over-year change in net income	1.7% Caution ↓ Caution Declining Year-over-year change in net income	1.7% Caution ↓ Caution Declining Year-over-year change in net income	—	33.6% Excellent → Excellent Stable Year-over-year change in net income	33.6% Excellent ↑ Excellent Improving Year-over-year change in net income	33.6% Excellent ↑ Excellent Improving Year-over-year change in net income	—	-113.5% Weak ↓ Weak Declining Year-over-year change in net income	38.0% Excellent ↑ Excellent Improving Year-over-year change in net income	42.3% Excellent ↑ Excellent Improving Year-over-year change in net income	—	-140.5% Weak ↑ Weak Improving Year-over-year change in net income	-790.5% Weak Weak Year-over-year change in net income	-544.9% Weak Weak Year-over-year change in net income	—	—	—	—	—
FCF Growth YoY (%)	-5044.7% Weak Weak Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	-39.1% Weak Weak Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	59.5% Excellent Excellent Year-over-year change in free cash flow	—	—	—	-611.1% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—
Revenue CAGR 3Y (%)	0.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	3.9% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	14.6% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	14.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	19.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	29.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	37.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	50.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	69.2% Excellent Excellent Compound annual revenue growth over 3 years	71.6% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	12.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	24.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	38.1% Excellent Excellent Compound annual revenue growth over 5 years	41.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Operating Margin (%) (%)	2.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	-14.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-195%)	-1.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	-0.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	1.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	4.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	-1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-111%)	-1.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	1.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	0.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	2.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	-6.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-143%)	0.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	4.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	2.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	-0.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-104%)	-17.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-216%)	-0.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-106%)	12.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	4.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	-48.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-422%)	8.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	8.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	8.7% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	-9.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-164%)	—
Effective Tax Rate (%) (%)	-67.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-50.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-90.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-94.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-134.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-179.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-52.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-125.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-221.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-162.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-149.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	84.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-118.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-383.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-196.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-118.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-34.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-104.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1711.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-36.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-22.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1362.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	775.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-539.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-52.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-25.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-352%)	—	-15.4% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-254%)	-15.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-251%)	-15.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-250%)	—	-12.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-228%)	-12.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-228%)	-12.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-228%)	—	-13.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-231%)	-15.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-250%)	-16.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-262%)	—	-25.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-350%)	-28.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-385%)	-32.7% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-427%)	—	-13.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-238%)	-53.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-639%)	-72.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-829%)	-13.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-238%)	-13.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-231%)	-19.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-299%)	-33.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-431%)	—
FCF Margin (%) (%)	-21.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	9.1% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	-0.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	22.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	2.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	11.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	5.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	-31.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-24.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-41.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-47.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-16.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-23.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-41.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-16.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.83x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	—	0.44x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.60x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.03x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	-0.21x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	-0.31x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.74x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.65x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.77x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.07x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.49x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Return on Invested Capital (%)	1.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-9.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-143.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-7.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	11.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	4.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-4.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	—	5.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	4.2% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-5.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	—	50.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-19.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—
Return on Capital (%) (%)	0.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	0.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	—	1.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	-6.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—
Return on Common Equity (%) (%)	38.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+221%)	—	—	-70.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-687%)	-37.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-409%)	—	-20.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-272%)	-15.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-230%)	-13.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-212%)	—	-11.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-197%)	-11.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-193%)	-12.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-203%)	—	-16.0% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-233%)	-14.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-224%)	-17.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-247%)	—	-7.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-159%)	-23.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-298%)	—	—	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	-4.16x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-933%)	-6.74x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1447%)	—	—	—	4.34x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+768%)	—	—	—	—	—	—	—	—	—	1.51x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+202%)	1.41x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+182%)	—	1.25x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+150%)	0.55x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+11%)	—	—	—	—	—	—
Interest Coverage (x)	0.13x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.11x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.11x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.08x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.22x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.52x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.15x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.18x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.30x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.07x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.40x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.76x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.03x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.62x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.29x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.07x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.45x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.10x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.94x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.11x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4.36x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.90x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.28x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.77x Weak Weak Operating income divided by interest expense Optimal: > 5x	-0.85x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$257.96M	$233.84M	$-87.27M	$-95.27M	$-100.03M	$219.77M	$-65.28M	$-83.71M	$-72.90M	—	$-63.92M	$-68.05M	$-73.30M	—	$-91.39M	$141.50M	$78.80M	—	$25.99M	$518.00K	$138.92M	—	—	—	—	—
Debt / EBITDA (x)	15.31x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	95.15x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	13.07x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	49.56x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-45.78x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	14.67x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	14.13x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-7.83x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Revenue per Share (USD)	$0.58	—	$0.61	$0.62	$0.62	—	$0.66	$0.66	$0.68	—	$0.69	$0.63	$0.61	—	$0.59	$0.53	$0.49	—	$0.56	$0.55	$0.62	—	$0.43	$0.28	$0.25	—
Basic EPS, GAAP (USD)	$-0.15	$-0.24	$-0.13	$-0.12	$-0.09	$-0.08	$-0.13	$-0.10	$-0.09	$-0.09	$-0.05	$0.00	$-0.10	$-0.08	$-0.09	$-0.11	$-0.16	$-0.07	$-0.08	$-0.30	$-0.45	$-0.08	$-0.06	$-0.06	$-0.08	—
Free Cash Flow per Share (USD)	$-0.12	—	$-0.04	$0.06	$-0.00	—	—	—	$0.02	—	—	—	$0.03	—	—	—	$-0.12	—	—	—	$-0.29	—	$-0.10	$-0.12	$-0.04	—
Book Value per Share (USD)	$-0.38	$-0.23	$0.01	$0.13	$0.25	$0.35	$0.41	$0.55	$0.65	—	$0.78	$0.85	$0.79	—	$0.93	$1.01	$0.92	—	$1.08	$1.26	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$-0.67	$-0.52	$-0.28	$-0.13	$0.00	$0.10	$0.18	$0.31	$0.42	—	$0.55	$0.60	$0.55	—	$0.70	$0.77	$0.67	—	$0.90	$1.08	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	202.45M	—	202.97M	203.87M	205.00M	—	214.29M	213.16M	208.95M	—	205.71M	195.65M	188.49M	—	187.70M	185.31M	172.49M	—	169.88M	150.34M	106.44M	—	96.52M	89.82M	89.82M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Working Capital (USD)	$100.51M	$99.94M	$113.21M	$124.86M	$89.46M	$84.83M	$68.45M	$133.21M	$128.61M	—	$81.57M	$88.49M	$94.40M	—	$81.60M	$137.91M	$151.22M	—	$194.78M	$79.17M	$14.94M	—	—	—	—	—
LT Debt (USD)	$318.88M	$319.52M	—	—	—	$308.02M	—	—	—	—	—	—	—	—	—	$282.05M	$222.59M	—	$230.50M	$104.73M	$201.56M	—	—	—	—	—
Total Equity (USD)	$-76.59M	$-47.44M	$1.75M	$27.33M	$51.88M	$70.98M	$88.09M	$116.49M	$134.78M	—	$159.47M	$165.96M	$148.96M	—	$174.07M	$186.62M	$158.03M	—	$184.04M	$189.32M	—	—	—	—	—	—

📋 What is driving earnings? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Mar 31, 2021 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q3 FY2020 Sep 30, 2020 10-Q ↗	Q2 FY2020 Jun 30, 2020 10-Q ↗	Q1 FY2020 Mar 31, 2020 10-Q ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Sales/Revenue/Turnover (USD)	$116.93M	$120.55M	$124.73M	$127.30M	$128.00M	$136.01M	$141.65M	$141.54M	$142.41M	$140.16M	$141.27M	$122.99M	$114.18M	$112.10M	$111.24M	$97.50M	$85.09M	$88.50M	$94.38M	$83.37M	$66.14M	$54.28M	$41.47M	$25.38M	$22.59M	—
Depreciation Expense (USD)	$18.28M	$20.53M	$16.77M	$17.83M	$18.40M	$17.47M	$9.06M	$9.14M	$16.38M	$14.79M	$8.53M	$8.28M	$21.94M	$11.28M	$6.41M	$6.30M	$9.92M	$5.53M	$4.10M	$3.51M	$6.25M	$2.48M	$3.84M	$2.59M	$3.66M	—
Net Income, GAAP (USD)	$-29.49M	—	$-19.26M	$-19.26M	$-19.26M	—	$-18.16M	$-18.16M	$-18.16M	—	$-18.47M	$-18.47M	$-18.47M	—	$-27.82M	$-27.82M	$-27.82M	—	$-13.03M	$-44.90M	$-48.22M	$-7.50M	$-5.42M	$-5.04M	$-7.48M	—
Operating Cash Flow (USD)	$-19.41M	$16.32M	$-2.00M	$17.80M	$5.94M	$35.17M	—	—	$3.90M	$16.67M	—	—	$5.78M	$-16.07M	—	—	$-10.24M	$-19.44M	—	—	$-7.83M	$-336.00K	$-5.23M	$-4.30M	$3.86M	—

Ascend Wellness Holdings, Inc.

Analytical Summary

26-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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