Ascend Wellness Holdings (AAWH) EBITDA (2020 - 2026)
Ascend Wellness Holdings' EBITDA was $26.33 million in Q2 2026, up 56.5% from $16.83 million a year earlier and up 26.4% from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) EBITDA (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ascend Wellness Holdings' EBITDA was $65.96 million through Jun 30, 2026, down 12.6% year-over-year; for FY2025, it came in at $56.52 million, down 20.3% from FY2024.
- EBITDA shows a five-year compound annual growth rate of 22.6% (FY2020 to FY2025).
- In earlier years, EBITDA was $70.89 million in FY2024 (+28.0%), $55.36 million in FY2023 (+87.2%), $29.58 million in FY2022 (+489.8%) and $5.02 million in FY2021 (-75.4%).
- The Q2 2026 figure marks the highest quarterly EBITDA in data going back to Q1 2020.
- Compared with a year earlier, EBITDA was higher in five of the last eight quarters, with growth averaging 4.8%.
- The best year-over-year quarter for EBITDA over five years was Q4 2022 (growth of 247.5%); the worst was Q4 2025 (a decline of 85.8%).
- Per Business Quant data, AAWH's EBITDA in the three quarters before Q2 2026 was $20.83 million (Q1 2026), $3.36 million (Q4 2025) and $15.45 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 308.32 Bn | 285.32 Bn | 7.85 Bn | 5.38 Bn |
| 2 | British American Tobacco p.l.c | 133.26 Bn | 109.63 Bn | - | - |
| 3 | Altria | 126.98 Bn | 113.91 Bn | 3.94 Bn | 3.37 Bn |
| 4 | Curaleaf Holdings | 2.49 Bn | 2.11 Bn | 170.48 Mn | 54.48 Mn |
| 5 | Trulieve Cannabis | 2.22 Bn | 840.89 Mn | 162.29 Mn | -344.80 Mn |
| 6 | RLX Technology | 1.99 Bn | -1.77 Bn | 52.74 Mn | - |
| 7 | Green Thumb Industries | 1.48 Bn | 244.63 Mn | 146.79 Mn | 73.21 Mn |
| 8 | Cronos | 1.35 Bn | -1.92 Bn | 28.45 Mn | 10.78 Mn |
| 9 | Turning Point Brands | 1.30 Bn | 409.51 Mn | 93.70 Mn | - |
| 10 | Ascend Wellness Holdings | 77.14 Mn | -223.72 Mn | 45.49 Mn | 26.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.33 Mn |
| Mar 31, 2026 | 20.83 Mn |
| Dec 31, 2025 | 3.36 Mn |
| Sep 30, 2025 | 15.45 Mn |
| Jun 30, 2025 | 16.83 Mn |
| Mar 31, 2025 | 20.89 Mn |
| Dec 31, 2024 | 23.57 Mn |
| Sep 30, 2024 | 14.21 Mn |
| Jun 30, 2024 | 14.16 Mn |
| Mar 31, 2024 | 18.96 Mn |
| Dec 31, 2023 | 15.36 Mn |
| Sep 30, 2023 | 18.48 Mn |
| Jun 30, 2023 | -662,000.00 |
| Mar 31, 2023 | 22.20 Mn |
| Dec 31, 2022 | 16.66 Mn |
| Sep 30, 2022 | 10.16 Mn |
| Jun 30, 2022 | 7.62 Mn |
| Mar 31, 2022 | -4.86 Mn |
| Dec 31, 2021 | 4.80 Mn |
| Sep 30, 2021 | 16.39 Mn |
API Access
Ascend Wellness Holdings EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "AAWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();