---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-038887"
form_type: "8-K"
ticker: "AAWH"
cik: "0001756390"
company_name: "Ascend Wellness Holdings, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:00:21.770479+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascend Wellness Q2 revenue $127.3M flat; net loss widens to $24.4M

## Summary
- 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).

## SEC filing metadata
- accession: 0001628280-25-038887
- form_type: 8-K
- ticker: AAWH
- cik: 0001756390
- company_name: Ascend Wellness Holdings, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756390/000162828025038887/0001628280-25-038887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756390/000162828025038887/aawh-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-038887
- JSON: https://secwatch.observer/filing/0001628280-25-038887.json
- Plain text: https://secwatch.observer/filing/0001628280-25-038887.txt

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