Growth Metrics

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

Ascend Wellness Holdings has reported Cost of Revenue over the past 6 years, most recently at $75.4 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 15.39% year-over-year to $75.4 million; the TTM value through Dec 2025 reached $330.9 million, down 12.32%, while the annual FY2025 figure was $330.9 million, 12.32% down from the prior year.
  • Cost of Revenue for Q4 2025 was $75.4 million at Ascend Wellness Holdings, down from $81.1 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $100.0 million in Q2 2024 and troughed at $36.5 million in Q1 2021.
  • A 5-year average of $77.0 million and a median of $79.8 million in 2023 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: soared 269.92% in 2021 and later fell 17.14% in 2025.
  • Year by year, Cost of Revenue stood at $57.7 million in 2021, then rose by 22.42% to $70.6 million in 2022, then soared by 31.21% to $92.6 million in 2023, then dropped by 3.76% to $89.1 million in 2024, then decreased by 15.39% to $75.4 million in 2025.
  • Business Quant data shows Cost of Revenue for AAWH at $75.4 million in Q4 2025, $81.1 million in Q3 2025, and $85.9 million in Q2 2025.