Ascend Wellness Q1 2025 net revenue $128M, Adj EBITDA $27M, cash from ops positive $5.9M

Ascend Wellness Holdings, Inc.

2025-Q1 EPS reported -$0.09 revenue$127,997,000

Net revenue of $128.0M; Adjusted EBITDA of $27.0M (non-GAAP); Adjusted Gross Margin 40.8%.
Generated $5.9M cash from operations, ninth consecutive quarter of positive operating cash flow.
Ended Q1 2025 with $100.0M cash; targeting ten new stores in 2025 (Ohio, PA, IL, NJ).
Cost savings transformation initiatives continued; improving balance sheet and working capital.

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