Ascend Wellness Holdings (AAWH) Gross Margin (2020 - 2026)

Ascend Wellness Holdings' Gross Margin history runs 7 years deep, the most recent figure standing at 38.38% for Q1 2026.

• In Q1 2026, Gross Margin rose 747.0% year-over-year to 38.38%; the TTM figure through Mar 2026 stood at 35.75% (up 436.0% YoY), while the FY2025 annual figure was 33.9%, up 110.0% from the prior year.
• Gross Margin was 38.38% for Q1 2026 at Ascend Wellness Holdings, up from 37.43% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 38.38% in Q1 2026 to a low of 23.03% in Q2 2023.
• Historically, Gross Margin has averaged 32.7% across 5 years, with a median of 32.93% in 2022.
• The sharpest annual moves came in 2022 and 2026: Gross Margin slumped 1730 bps in 2022, then soared 747 bps in 2026.
• A 5-year view of Gross Margin shows it stood at 37.03% in 2022, then slipped by 8 bps to 33.92% in 2023, then advanced by 2 bps to 34.46% in 2024, then rose by 9 bps to 37.43% in 2025, then advanced by 3 bps to 38.38% in 2026.
• The last three Gross Margin figures came in at 38.38% (Q1 2026), 37.43% (Q4 2025), and 34.96% (Q3 2025), per Business Quant data.