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| Date | Value |
|---|---|
| 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 |