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.

• On a quarterly basis, Gross Margin rose 747.0% year-over-year to 38.38% in Q1 2026; TTM through Mar 2026 was 35.75%, a 436.0% increase from a year earlier, with the FY2025 full-year figure at 33.9%, up 110.0% from the prior year.
• Gross Margin rose to 38.38% in Q1 2026 per AAWH's latest filing, from 37.43% in the prior quarter.
• Across five years, Gross Margin topped out at 38.38% in Q1 2026 and bottomed at 23.03% in Q2 2023.
• The 5-year median for Gross Margin is 32.93% (2022), against an average of 32.7%.
• Across the five-year window, Gross Margin slumped 1730 bps in 2022 and surged 747 bps in 2026, its largest moves.
• Year by year, Gross Margin 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.
• Per Business Quant, the three latest AAWH Gross Margin figures stand at 38.38% (Q1 2026), 37.43% (Q4 2025), and 34.96% (Q3 2025).