earnings
confidence high
sentiment neutral
materiality 0.70
Ascend Wellness Q2 revenue $127.3M flat; net loss widens to $24.4M
Ascend Wellness Holdings, Inc.
2025-Q2 EPS
reported -$0.21
vs consensus -$0.08
▼ miss
(-177.0%)
- Net revenue $127.3M, flat QoQ (down 0.5%); retail revenue up 2.5% to $86.5M, wholesale down 6.4%.
- Net loss $24.4M vs $19.3M in Q1; higher G&A partially offset by margin improvements.
- Adjusted EBITDA $28.6M (22.4% margin), up 5.7% QoQ and margin up 130 bps.
- Fully retired $60M term loan via $50M private placement of 12.75% Senior Secured Notes due 2029 and $10M cash.
- Ended Q2 with $95.3M cash; generated $17.8M operating cash flow (10th straight positive quarter).
item 2.02item 9.01