AWH Announces Third Quarter 2025 Financial Results

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Nov 10 2025

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Source: PRnewswire

Financial Performance: Ascend Wellness Holdings reported Q3 2025 net revenue of $124.7 million, a slight decrease from the previous quarter, with an adjusted EBITDA of $31.1 million, reflecting a 24.9% margin and a 250-basis point increase from Q2 2025.
Market Expansion: The company added seven new retail stores in 2025, bringing its total to 46 locations, and has plans for further expansion with a pipeline of 13 additional stores aimed at reaching 60 locations within the next year.
Product Innovation: AWH launched over 420 new SKUs in 2025, including new effects-based vapes and gummies, and enhanced its e-commerce platform to improve customer experience and engagement.
Capital Management: The company strengthened its financial position with a $9.3 million mortgage loan secured by Ohio real estate, and continued its share buyback program, repurchasing approximately 1 million shares in Q3 2025.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.