Filing Flows › Ascend Wellness Holdings (AAWH) › Q1 2026 › vs Q4 2025
Ascend Wellness Holdings (AAWH) Q1 2026 vs Q4 2025 (quarter over quarter)
Ascend Wellness Holdings's revenue fell $3.6M (-3%) from $121M in Q4 2025 to $117M in Q1 2026.
Ascend Wellness Holdings, Q1 2026: revenue $117M (-9% year over year), operating margin 2.2%, net loss $29.5M, operating cash flow −$19.4M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $117M | $121M | −$3.6M | -3% |
| Net loss | $29.5M | $48.7M | −$19.2M | -39% |
| Costs & expenses | $146M | $169M | −$22.8M | -13% |
| Operating costs | $114M | $138M | −$23.3M | -17% |
| Interest & other, net | $20.1M | $15.3M | $4.8M | +32% |
| Income tax | $11.9M | $16.2M | −$4.3M | -27% |
| Cost of revenue | $72.1M | $75.4M | −$3.4M | -4% |
| Operating expenses | $42.3M | $62.3M | −$20.0M | -32% |
| Operating cash sources | $38.1M | $4.7M | $33.4M | +709% |
| Depreciation & amortization | $18.3M | $20.5M | −$2.2M | -11% |
| Share-based compensation | $450K | $501K | −$51K | -10% |
| Cash used in operations | $19.4M | −$16.3M | $35.7M | — |
| Net loss absorbed | $29.5M | $48.7M | −$19.2M | -39% |
| Working capital & other | $8.6M | −$44.0M | $52.6M | — |
Questions
How much did Ascend Wellness Holdings's revenue grow quarter over quarter in Q1 2026?
Ascend Wellness Holdings's revenue fell $3.6M (-3%) from $121M in Q4 2025 to $117M in Q1 2026.