Ascend Wellness Holdings (AAWH) Cost of Revenue (2020 - 2026)

Ascend Wellness Holdings' Cost of Revenue history runs 7 years deep, the most recent figure standing at $72.1 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 18.53% year-over-year to $72.1 million; the TTM figure through Mar 2026 stood at $314.5 million (down 16.23% YoY), while the FY2025 annual figure was $330.9 million, down 12.32% from the prior year.
• Cost of Revenue was $72.1 million for Q1 2026 at Ascend Wellness Holdings, down from $75.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $100.0 million in Q2 2024 to a low of $61.6 million in Q1 2022.
• Historically, Cost of Revenue has averaged $83.2 million across 5 years, with a median of $85.9 million in 2025.
• The sharpest annual moves came in 2022 and 2026: Cost of Revenue jumped 69.02% in 2022, then fell 18.53% in 2026.
• A 5-year view of Cost of Revenue shows it stood at $70.6 million in 2022, then jumped by 31.21% to $92.6 million in 2023, then decreased by 3.76% to $89.1 million in 2024, then fell by 15.39% to $75.4 million in 2025, then fell by 4.47% to $72.1 million in 2026.
• The last three Cost of Revenue figures came in at $72.1 million (Q1 2026), $75.4 million (Q4 2025), and $81.1 million (Q3 2025), per Business Quant data.