Financial Snapshot

Revenue
$565.8M
TTM
Gross Margin
32.68%
TTM
Net Earnings
-$87.55M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
147.16%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$88.91M
Q3 2024
Cash
Q3 2024
P/E
-2.301
Nov 29, 2024 EST
Free Cash Flow
$28.05M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $518.6M $405.9M $332.4M $143.7M $12.03M
YoY Change 27.75% 22.13% 131.25% 1094.58%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $518.6M $405.9M $332.4M $143.7M $12.03M
Cost Of Revenue $363.5M $271.4M $196.4M $82.82M $8.744M
Gross Profit $155.1M $134.6M $136.0M $60.91M $3.288M
Gross Profit Margin 29.91% 33.15% 40.91% 42.38% 27.33%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $163.1M $140.5M $119.6M $54.83M $30.62M
YoY Change 16.07% 17.47% 118.21% 79.04%
% of Gross Profit 105.16% 104.44% 87.98% 90.0% 931.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.98M $37.11M $22.22M $12.56M $4.101M
YoY Change 58.96% 67.0% 76.89% 206.29%
% of Gross Profit 38.02% 27.58% 16.34% 20.62% 124.73%
Operating Expenses $158.7M $142.1M $153.2M $53.07M $29.41M
YoY Change 11.72% -7.24% 188.65% 80.44%
Operating Profit -$3.619M -$7.526M -$17.20M $7.847M -$26.12M
YoY Change -51.91% -56.25% -319.24% -130.04%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $36.98M $32.44M $63.99M $12.99M $6.477M
YoY Change 14.02% -49.31% 392.49% 100.6%
% of Operating Profit 165.58%
Other Income/Expense, Net -$11.14M -$31.68M -$63.73M -$12.99M -$6.454M
YoY Change -64.83% -50.29% 390.78% 101.21%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$14.76M -$39.21M -$80.94M -$5.139M -$32.58M
YoY Change -62.35% -51.56% 1474.96% -84.22%
Income Tax $33.45M $41.69M $41.72M $18.70M $667.0K
% Of Pretax Income
Net Earnings -$48.21M -$80.90M -$122.7M -$25.44M -$31.90M
YoY Change -40.4% -34.04% 382.16% -20.24%
Net Earnings / Revenue -9.3% -19.93% -36.9% -17.7% -265.08%
Basic Earnings Per Share -$0.24 -$0.44 -$0.82 -$0.27 -$0.37
Diluted Earnings Per Share -$0.24 -$0.44 -$0.82 -$0.27 -$0.37

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $72.51M $74.15M $155.5M $56.55M $10.56M
YoY Change -2.21% -52.31% 174.96% 435.74%
Cash & Equivalents $72.51M $74.15M $155.5M $56.55M $10.56M
Short-Term Investments
Other Short-Term Assets $19.64M $9.541M $24.83M $34.15M $22.01M
YoY Change 105.89% -61.58% -27.28% 55.13%
Inventory $95.29M $97.53M $65.59M $29.00M $15.39M
Prepaid Expenses
Receivables $28.30M $14.10M $7.612M $6.227M $220.0K
Other Receivables $13.12M $3.423M $4.500M $8.259M $9.200M
Total Short-Term Assets $228.9M $198.7M $258.0M $134.2M $57.38M
YoY Change 15.15% -22.97% 92.29% 133.86%
Property, Plant & Equipment $398.6M $388.7M $343.6M $205.2M $113.9M
YoY Change 2.56% 13.11% 67.47% 80.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.06M $19.28M $19.57M $15.13M $4.309M
YoY Change 19.59% -1.47% 29.37% 251.1%
Total Long-Term Assets $690.7M $673.4M $465.4M $293.6M $138.6M
YoY Change 2.56% 44.69% 58.54% 111.88%
Total Assets $919.6M $872.2M $723.4M $427.7M $195.9M
YoY Change
Accounts Payable $34.69M $17.07M $5.536M $7.363M $9.149M
YoY Change 103.26% 208.26% -24.81% -19.52%
Accrued Expenses $24.97M $11.28M $14.61M $12.61M $4.102M
YoY Change 121.29% -22.79% 15.85% 207.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.15M $11.33M $27.94M $59.33M $410.0K
YoY Change -1.6% -59.45% -52.91% 14370.73%
Total Short-Term Liabilities $92.69M $110.9M $117.4M $115.3M $16.05M
YoY Change -16.46% -5.49% 1.83% 618.47%
Long-Term Debt $297.6M $319.3M $230.8M $152.3M $81.40M
YoY Change -6.81% 38.32% 51.6% 87.07%
Other Long-Term Liabilities $350.7M $244.9M $198.7M $156.4M $63.64M
YoY Change 43.2% 23.24% 27.06% 145.75%
Total Long-Term Liabilities $648.2M $564.2M $429.6M $308.7M $145.0M
YoY Change 14.9% 31.34% 39.16% 112.81%
Total Liabilities $776.7M $708.7M $547.0M $424.0M $162.1M
YoY Change 9.58% 29.58% 29.01% 161.48%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 199.2M shares 183.4M shares 149.4M shares 95.17M shares 87.29M shares
Diluted Shares Outstanding 199.2M shares 183.4M shares 149.4M shares 95.17M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $201.47 Million

About Ascend Wellness Holdings, Inc.

Ascend Wellness Holdings, Inc. is a vertically integrated operator with assets in Illinois, Michigan, Ohio, Massachusetts, and New Jersey. The company is headquartered in Morristown, New Jersey and currently employs 2,300 full-time employees. The company went IPO on 2021-05-04. The firm is focused on operating in adult-use or near-term adult-use states in primarily limited license markets. The company is engaged in cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which are sold through Company-owned retail stores and to third-party licensed retail cannabis stores. The firm has licenses and assets in Illinois, Massachusetts, Maryland, Michigan, New Jersey, Ohio, and Pennsylvania. The company produces and distributes its in-house Common Goods, Simply Herb, Ozone, Ozone Reserve, Royale, and Tunnel Vision branded products. The firm operates cultivation facilities in six states with approximately 245,000 square feet of total canopy. Common Goods is a no-frills brand that offers high value cannabis for everyday consumption. The brand comes in flower and pre-rolls. Ozone Reserve comes in exotic flower, refined concentrates, purified oils, and vapes.

Industry: Medicinal Chemicals & Botanical Products Peers: ESTEE LAUDER COMPANIES INC VERU INC. Healing Co Inc. MEDIFAST INC Honest Company, Inc. NATURES SUNSHINE PRODUCTS INC REVLON INC /DE/ USANA HEALTH SCIENCES INC Thorne Healthtech, Inc. Waldencast plc