Ascend Wellness Holdings (AAWH) Cost of Revenue (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted Cost of Revenue of $80.6 million for Q2 2026, up 11.9% on a QoQ basis from $72.1 million in Q1 2026, and down 6.15% year-over-year from $85.9 million in Q2 2025.
Analysis
Ascend Wellness Holdings (AAWH) Cost of Revenue (2020 - 2026) Analysis & Trends
Ascend Wellness Holdings has reported Cost of Revenue for 7 years, with the latest figure at $80.6 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 6.15% year-over-year to $80.6 million in Q2 2026; TTM through Jun 2026 was $309.2 million, a 14.44% decrease from a year earlier, with the FY2025 full-year figure at $330.9 million, down 12.32% from the prior year.
- Cost of Revenue was $80.6 million for Q2 2026 at Ascend Wellness Holdings, up from $72.1 million in the prior quarter.
- The five-year high for Cost of Revenue was $100.0 million in Q2 2024, with the low at $61.6 million in Q1 2022.
- Average Cost of Revenue over 5 years is $83.1 million, with a median of $83.5 million recorded in 2025.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue surged 69.02% in 2022, then retreated 18.53% in 2026.
- Over 5 years, Cost of Revenue stood at $70.6 million in 2022, then surged by 31.21% to $92.6 million in 2023, then slipped by 3.76% to $89.1 million in 2024, then retreated by 15.39% to $75.4 million in 2025, then gained by 6.9% to $80.6 million in 2026.
- The last three Cost of Revenue figures came in at $80.6 million (Q2 2026), $72.1 million (Q1 2026), and $75.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 170.19 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 108.66 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 168.81 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 24.17 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 31.25 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 114.00 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 191.19 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 118.22 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 42.60 Mn |
| 10 | Ascend Wellness Holdings | 93.59 Mn | 26.59 Mn | 45.49 Mn | 80.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.63 Mn |
| Mar 31, 2026 | 72.05 Mn |
| Dec 31, 2025 | 75.42 Mn |
| Sep 30, 2025 | 81.13 Mn |
| Jun 30, 2025 | 85.91 Mn |
| Mar 31, 2025 | 88.44 Mn |
| Dec 31, 2024 | 89.14 Mn |
| Sep 30, 2024 | 97.92 Mn |
| Jun 30, 2024 | 99.96 Mn |
| Mar 31, 2024 | 90.37 Mn |
| Dec 31, 2023 | 92.62 Mn |
| Sep 30, 2023 | 97.71 Mn |
| Jun 30, 2023 | 94.67 Mn |
| Mar 31, 2023 | 78.47 Mn |
| Dec 31, 2022 | 70.59 Mn |
| Sep 30, 2022 | 74.60 Mn |
| Jun 30, 2022 | 64.53 Mn |
| Mar 31, 2022 | 61.64 Mn |
| Dec 31, 2021 | 57.66 Mn |
| Sep 30, 2021 | 53.43 Mn |