---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-006199"
form_type: "8-K"
ticker: "AAWH"
cik: "0001756390"
company_name: "Ascend Wellness Holdings, Inc."
filed_at: "2026-02-09T23:59:59+00:00"
generated_at: "2026-05-16T03:55:05.662946+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascend Wellness prelim Q4 rev ~$120M, FY rev ~$500M; GTI arbitration award

## Summary
- Q4 2025 net revenue ~$120M, Adjusted EBITDA ~$30M (25% margin); FY 2025 net revenue ~$500M, Adj EBITDA ~$117M (23% margin).
- Cash and equivalents ~$86M; no significant debt maturities until 2029; liquidity sufficient for operations.
- Retail footprint expanded to 47 stores; record SKUs and market share gains cited by CEO.
- Arbitration award from Green Thumb Industries issued Feb 5, 2026; company disagrees, evaluating options, says has ample liquidity to satisfy if required.

## SEC filing metadata
- accession: 0001628280-26-006199
- form_type: 8-K
- ticker: AAWH
- cik: 0001756390
- company_name: Ascend Wellness Holdings, Inc.
- filed_at: 2026-02-09T23:59:59+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/1756390/000162828026006199/0001628280-26-006199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756390/000162828026006199/aawh-20260209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-006199
- JSON: https://secwatch.observer/filing/0001628280-26-006199.json
- Plain text: https://secwatch.observer/filing/0001628280-26-006199.txt

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