Ascend Wellness Holdings (AAWH) Operating Expenses (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted Operating Expenses of $40.2 million for Q2 2026, down 5.02% on a QoQ basis from $42.3 million in Q1 2026, and down 5.15% year-over-year from $42.4 million in Q2 2025.
Analysis
Ascend Wellness Holdings (AAWH) Operating Expenses (2020 - 2026) Analysis & Trends
Ascend Wellness Holdings has reported Operating Expenses for 7 years, with the latest figure at $40.2 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 5.15% year-over-year to $40.2 million in Q2 2026; TTM through Jun 2026 was $172.8 million, a 3.84% increase from a year earlier, with the FY2025 full-year figure at $186.7 million, up 4.02% from the prior year.
- Operating Expenses was $40.2 million for Q2 2026 at Ascend Wellness Holdings, down from $42.3 million in the prior quarter.
- The five-year high for Operating Expenses was $49.5 million in Q1 2024, with the low at $33.6 million in Q2 2022.
- Average Operating Expenses over 5 years is $40.7 million, with a median of $40.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 38.0% in 2022, then soared 39.53% in 2024.
- Over 5 years, Operating Expenses stood at $36.1 million in 2022, then jumped by 30.02% to $47.0 million in 2023, then fell by 13.21% to $40.8 million in 2024, then grew by 11.1% to $45.3 million in 2025, then retreated by 11.23% to $40.2 million in 2026.
- The last three Operating Expenses figures came in at $40.2 million (Q2 2026), $42.3 million (Q1 2026), and $45.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 165.69 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 532.81 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 117.91 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 21.05 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 18.76 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 101.60 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 106.98 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 96.56 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 32.06 Mn |
| 10 | Ascend Wellness Holdings | 93.59 Mn | 26.59 Mn | 45.49 Mn | 40.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.21 Mn |
| 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 |