Filing Flows › Ascend Wellness Holdings (AAWH) › Q2 2026
Ascend Wellness Holdings (AAWH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
Ascend Wellness Holdings (AAWH) reported revenue of $126M for the second quarter 2026 (Q2 2026), -0.9% from a year earlier and +8% from the quarter before. Operating margin was 4.2%, net loss $9.8M (7.8% of revenue).
Ascend Wellness Holdings, Q2 2026: revenue $126M (-0.9% year over year), operating margin 4.2%, net loss $9.8M, operating cash flow $22.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | +8% | -0.9% |
| Operating profit | $5.3M | +107% | — |
| Net earnings | −$9.8M | — | — |
| Operating cash flow | $22.5M | — | +26% |
| Free cash flow | $16.7M | — | +44% |
What changed
Revenue was $126.1M in Q2 2026, down 1% year over year and up 8% from the previous quarter. Retail revenue was the largest line at 74% of revenue. Third-party wholesale revenue lost $7.5M year over year (down 18%), 628% of the total change.
Gross margin was 36.1%, up 3.6 points from Q2 2025. Operating profit was $5.3M, a 4.2% margin (up 5.0 points year over year). Operating expenses fell 5% while revenue fell 1%. The quarter ended with a net loss of $9.8M, narrower than the previous quarter's $29.5M loss. Net interest and other expense of $20.8M was the main reason.
Operating cash flow was $22.5M (up 26% year over year). Non-cash charges added back $21.1M of depreciation and amortization and $499K of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $5.8M left free cash flow of $16.7M.
Questions
What was Ascend Wellness Holdings' revenue in the second quarter 2026?
Ascend Wellness Holdings (AAWH) reported revenue of $126M for the second quarter 2026 (Q2 2026), -0.9% from a year earlier and +8% from the quarter before.
Was Ascend Wellness Holdings profitable in the second quarter 2026?
Operating profit was $5.3M (4.2% of revenue) and net loss $9.8M.