Ascend Wellness Holdings (AAWH) Free Cash Flow (2020 - 2026)

Ascend Wellness Holdings (AAWH) recorded quarterly Free Cash Flow of -$24.6 million in Q1 2026, down 361.0% quarter-over-quarter from $9.4 million in Q4 2025, and down 1335.11% on a YoY basis from $2.0 million in Q1 2025.

Ascend Wellness Holdings (AAWH) Free Cash Flow (2020 - 2026) Analysis & Trends

Ascend Wellness Holdings' Free Cash Flow history runs 7 years deep, the most recent figure standing at -$24.6 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 1335.11% year-over-year to -$24.6 million; the TTM figure through Mar 2026 stood at -$14.5 million (down 127.3% YoY), while the FY2025 annual figure was $12.0 million, down 76.27% from the prior year.
  • Free Cash Flow was -$24.6 million for Q1 2026 at Ascend Wellness Holdings, down from $9.4 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $26.5 million in Q3 2023 to a low of -$24.6 million in Q1 2026.
  • Historically, Free Cash Flow has averaged $2.6 million across 5 years, with a median of $1.8 million in 2023.
  • The sharpest annual moves came in 2023 and 2026: Free Cash Flow surged 9362.94% in 2023, then plunged 1335.11% in 2026.
  • A 5-year view of Free Cash Flow shows it stood at -$15.5 million in 2022, then jumped by 90.48% to -$1.5 million in 2023, then surged by 1156.36% to $15.6 million in 2024, then slumped by 39.65% to $9.4 million in 2025, then tumbled by 361.0% to -$24.6 million in 2026.
  • The last three Free Cash Flow figures came in at -$24.6 million (Q1 2026), $9.4 million (Q4 2025), and -$18.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Teva Pharmaceutical Industries 39.97 Bn 36.23 Bn 1.97 Bn -208.00 Mn
2 Zoetis 33.59 Bn 31.65 Bn 1.62 Bn 291.00 Mn
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 362.50 Mn
4 Neurocrine Biosciences 16.10 Bn 14.78 Bn 800.70 Mn 136.70 Mn
5 Aurora Cannabis 15.56 Bn 15.47 Bn 21.72 Mn -
6 Elanco Animal Health 12.04 Bn 11.61 Bn 785.00 Mn -38.00 Mn
7 Alkermes 7.36 Bn 6.84 Bn -116.06 Mn -169.83 Mn
8 Lantheus Holdings 6.74 Bn 6.24 Bn 230.92 Mn 123.09 Mn
9 Liquidia 6.27 Bn 6.04 Bn 121.79 Mn 46.40 Mn
10 Ascend Wellness Holdings - - 44.88 Mn -24.59 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -24.59 Mn
Mar 31, 2026 -24.59 Mn
Dec 31, 2025 9.42 Mn
Dec 31, 2025 9.42 Mn
Sep 30, 2025 -18.06 Mn
Sep 30, 2025 -18.06 Mn
Jun 30, 2025 18.69 Mn
Jun 30, 2025 18.69 Mn
Mar 31, 2025 1.99 Mn
Mar 31, 2025 1.99 Mn
Dec 31, 2024 15.61 Mn
Dec 31, 2024 15.61 Mn
Sep 30, 2024 11.53 Mn
Sep 30, 2024 11.53 Mn
Jun 30, 2024 24.13 Mn
Jun 30, 2024 24.13 Mn
Mar 31, 2024 -509,000.00
Mar 31, 2024 -509,000.00
Dec 31, 2023 -1.48 Mn
Dec 31, 2023 -1.48 Mn