---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-028251"
form_type: "8-K"
ticker: "AAWH"
cik: "0001756390"
company_name: "Ascend Wellness Holdings, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:24:35.551845+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ascend Wellness Q2 net revenue $123M (+26% YoY), net income $0.8M vs loss year ago

## Summary
- Net revenue of $123.0M, up 26.1% YoY and 7.7% QoQ; gross revenue $151.0M, up 28.4% YoY.
- Net income of $0.8M vs net loss of $21.2M in Q2 2022; positive GAAP profitability.
- Adjusted EBITDA $21.3M (17.3% margin); cash flows from operations $25.4M, second consecutive positive quarter.
- Retail revenue $89.9M (+18.9% YoY); wholesale revenue net of intercompany $33.1M (+51% YoY).
- Cash and equivalents $68.0M; net debt $241.8M as of June 30, 2023.

## SEC filing metadata
- accession: 0001628280-23-028251
- form_type: 8-K
- ticker: AAWH
- cik: 0001756390
- company_name: Ascend Wellness Holdings, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756390/000162828023028251/0001628280-23-028251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756390/000162828023028251/aawh-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-028251
- JSON: https://secwatch.observer/filing/0001628280-23-028251.json
- Plain text: https://secwatch.observer/filing/0001628280-23-028251.txt

## Key facts
- Earnings Releases
  Ascend Wellness Holdings, Inc. reported Q2 2023 results: revenue $123.0 million, net income $0.8 million.
  - Period: Q2 2023
  - Revenue: $123.0 million
  - Net income: $0.8 million
  - Result: reported results
  source text: quarter-over-quarter to $151.0 million. • Net revenue, which excludes intercompany sales of wholesale products, increased 26.1% year-over-year and 7.7% quarter-over-quarter to $123.0 million. • Retail revenue increased 18.9% year-over-year and 8.6% quarter-over-quarter to $89.9 million. • Gross wholesale revenue increased 45.3% year-over-year and 4.7%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756390/000162828023028251/0001628280-23-028251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.