Ascend Wellness Holdings Reports Q3 Net Revenue of $124.7 Million

Reuters
Nov 11, 2025
<a href="https://laohu8.com/S/AAWH">Ascend Wellness</a> Holdings Reports Q3 Net Revenue of $124.7 Million

Ascend Wellness Holdings Inc. reported net revenue of $124.7 million for the third quarter of 2025, a 2.0% sequential increase. Adjusted EBITDA reached $31.1 million, representing a 24.9% margin. The company achieved a 300-basis point increase in adjusted gross margin to 46.4%. Cash and cash equivalents at the end of the quarter were $87.3 million, with net debt at $281.8 million. Net cash used in operations was $2.0 million, including a $19.1 million biannual interest payment. Year-to-date, Ascend added seven new retail stores, expanding its nationwide footprint to 46 locations, including company-owned and partner sites. The company also received approval for its first partner dispensary in New Jersey and completed a $9.3 million mortgage financing secured by Ohio assets at an 8.5% interest rate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ascend Wellness Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: TO20554) on November 10, 2025, and is solely responsible for the information contained therein.

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