Ascend Wellness Holdings (AAWH) Operating Expenses (2020 - 2026)

Ascend Wellness Holdings' (AAWH) quarterly Operating Expenses came in at $42.3 million in Q1 2026, up 14.19% year-on-year from $37.1 million in Q1 2025, and down 6.54% quarter-over-quarter from $45.3 million in Q4 2025.

Ascend Wellness Holdings (AAWH) Operating Expenses (2020 - 2026) Analysis & Trends

Ascend Wellness Holdings' Operating Expenses history runs 7 years deep, the most recent figure standing at $42.3 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 14.19% year-over-year to $42.3 million in Q1 2026; TTM through Mar 2026 was $175.0 million, a 4.71% increase from a year earlier, with the FY2025 full-year figure at $186.7 million, up 4.02% from the prior year.
  • Operating Expenses slipped to $42.3 million in Q1 2026 per AAWH's latest filing, from $45.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $49.5 million in Q1 2024 and bottomed at $33.6 million in Q2 2022.
  • The 5-year median for Operating Expenses is $40.8 million (2024), against an average of $40.7 million.
  • Across the five-year window, Operating Expenses slumped 38.0% in 2022 and jumped 39.53% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $36.1 million in 2022, then soared by 30.02% to $47.0 million in 2023, then declined by 13.21% to $40.8 million in 2024, then climbed by 11.1% to $45.3 million in 2025, then fell by 6.54% to $42.3 million in 2026.
  • Per Business Quant, the three latest AAWH Operating Expenses figures stand at $42.3 million (Q1 2026), $45.3 million (Q4 2025), and $44.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 455.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 494.00 Mn
10 Ascend Wellness Holdings 83.00 Mn 22.91 Mn 44.88 Mn 42.34 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 42.34 Mn
Dec 31, 2025 45.30 Mn
Sep 30, 2025 44.93 Mn
Jun 30, 2025 42.39 Mn
Mar 31, 2025 37.08 Mn
Dec 31, 2024 40.77 Mn
Sep 30, 2024 46.15 Mn
Jun 30, 2024 43.10 Mn
Mar 31, 2024 49.46 Mn
Dec 31, 2023 46.98 Mn
Sep 30, 2023 40.01 Mn
Jun 30, 2023 36.30 Mn
Mar 31, 2023 35.45 Mn
Dec 31, 2022 36.13 Mn
Sep 30, 2022 34.16 Mn
Jun 30, 2022 33.57 Mn
Mar 31, 2022 38.23 Mn
Dec 31, 2021 31.57 Mn
Sep 30, 2021 29.34 Mn
Jun 30, 2021 30.61 Mn