Filing Flows › Ascend Wellness Holdings (AAWH) › Q4 2024
Ascend Wellness Holdings (AAWH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
Ascend Wellness Holdings (AAWH) reported revenue of $136M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -4% from the quarter before. Operating margin was 4.5%, net loss $16.8M (12.3% of revenue).
Ascend Wellness Holdings, Q4 2024: revenue $136M (-3% year over year), operating margin 4.5%, net loss $16.8M, operating cash flow $35.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $136M | -4% | -3% |
| Operating profit | $6.1M | — | — |
| Net earnings | −$16.8M | — | — |
| Operating cash flow | $35.2M | 18× | +111% |
| Free cash flow | $30.1M | — | — |
What changed
Revenue was $136.0M in Q4 2024, down 3% year over year and down 4% from the previous quarter.
Gross margin was 34.5%, up 0.5 points from a year earlier. Operating profit was $6.1M, a 4.5% margin (up 4.1 points year over year). Operating expenses fell 13% while revenue fell 3%. The quarter ended with a net loss of $16.8M, narrower than the previous quarter's $28.3M loss. Net interest and other expense of $12.1M was the main reason.
Operating cash flow was $35.2M (up 111% year over year). Non-cash charges added back $17.5M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $31.7M. Capital expenditures of $5.0M left free cash flow of $30.1M.
Questions
What was Ascend Wellness Holdings' revenue in the fourth quarter 2024?
Ascend Wellness Holdings (AAWH) reported revenue of $136M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -4% from the quarter before.
Was Ascend Wellness Holdings profitable in the fourth quarter 2024?
Operating profit was $6.1M (4.5% of revenue) and net loss $16.8M.