secwatch.observer — SEC 8-K summary
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Issuer:     Ascend Wellness Holdings, Inc. (AAWH)
CIK:        0001756390
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001628280-26-017248
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ascend Wellness reports Q4 2025 revenue $120.5M; net loss widens to $48.7M; FY revenue $500.6M
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- Q4 2025 revenue $120.5M (down 3.4% sequentially); FY2025 revenue $500.6M (down 10.9% YoY).
- Q4 net loss $48.7M (includes $17M arbitration settlement); FY net loss $118.2M vs $85.0M loss in FY2024.
- Adjusted EBITDA Q4 $30.2M (margin 25.1%); FY $116.9M (margin 23.4%) vs $116.2M prior year.
- Cash $85.7M; net debt $215.8M; $26M capex in FY2025; retail footprint expanded to 48 locations.
- Q1 2026 guidance: low- to mid-single-digit revenue decline; adjusted EBITDA margin low-20% range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756390/000162828026017248/0001628280-26-017248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756390/000162828026017248/aawh-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-017248

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer