Filing Flows › Ascend Wellness Holdings (AAWH) › Q1 2025
Ascend Wellness Holdings (AAWH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Ascend Wellness Holdings (AAWH) reported revenue of $128M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -6% from the quarter before. Operating margin was 1.9%, net loss $19.3M (15.0% of revenue).
Ascend Wellness Holdings, Q1 2025: revenue $128M (-10% year over year), operating margin 1.9%, net loss $19.3M, operating cash flow $5.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $128M | -6% | -10% |
| Operating profit | $2.5M | -59% | — |
| Net earnings | −$19.3M | — | — |
| Operating cash flow | $5.9M | -83% | +52% |
What changed
Revenue was $128.0M in Q1 2025, down 10% year over year and down 6% from the previous quarter.
Gross margin was 30.9%, down 5.6 points from a year earlier. Operating profit was $2.5M, a 1.9% margin (up 0.1 points year over year). Operating expenses fell 25% while revenue fell 10%. The quarter ended with a net loss of $19.3M, wider than the previous quarter's $16.8M loss. Net interest and other expense of $10.7M was the main reason.
Operating cash flow was $5.9M (up 52% year over year). Non-cash charges added back $18.4M of depreciation and amortization and $628K of share-based compensation. Working capital and other items added $6.2M. Capital expenditures of $6.4M exceeded it, leaving free cash flow of −$484K.
Questions
What was Ascend Wellness Holdings' revenue in the first quarter 2025?
Ascend Wellness Holdings (AAWH) reported revenue of $128M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -6% from the quarter before.
Was Ascend Wellness Holdings profitable in the first quarter 2025?
Operating profit was $2.5M (1.9% of revenue) and net loss $19.3M.