Filing Flows › Ascend Wellness Holdings (AAWH) › How it makes money
How Ascend Wellness Holdings (AAWH) makes money
Ascend Wellness Holdings (AAWH) made $126M of revenue in the second quarter 2026 (Q2 2026), -0.9% from a year earlier. Retail revenue brought in $92.7M (74%); Third-party wholesale revenue brought in $33.4M (26%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Retail revenue | $92.7M | 73.5% | +12% | +7% |
| Third-party wholesale revenue | $33.4M | 26.5% | -1% | -18% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $126M | 100.0% |
| Operating cash flow | $22.5M | 17.8% |
| Free cash flow | $16.7M | 13.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $126M | -0.9% |
| Q1 2026 | $117M | -9% |
| Q4 2025 | $121M | -11% |
| Q3 2025 | $125M | -12% |
| Q2 2025 | $127M | -10% |
| Q1 2025 | $128M | -10% |
| Q4 2024 | $136M | -3% |
From Ascend Wellness Holdings' 10-Q filed Aug 12, 2026 (on EDGAR).
Questions
How does Ascend Wellness Holdings make money?
Ascend Wellness Holdings (AAWH) made $126M of revenue in the second quarter 2026 (Q2 2026), -0.9% from a year earlier. Retail revenue brought in $92.7M (74%); Third-party wholesale revenue brought in $33.4M (26%).
What is Ascend Wellness Holdings' biggest business?
Retail revenue: $92.7M in the second quarter 2026, 74% of revenue, +7% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.