Ascend Wellness Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	87.27	88.25	72.51	74.15	155.48	56.55
Short-Term Investments	3.61	4.71	9.3	3.17	5.18	4.02
Cash & Short-Term Investments	90.88	92.96	81.81	77.32	160.66	60.57
Cash Growth	31.23%	13.63%	5.81%	-51.88%	165.25%	454.85%
Accounts Receivable	28.85	36.54	28.3	14.1	7.61	6.23
Receivables	29.13	40.64	41.41	17.69	12.27	14.64
Inventory	82.68	89.55	95.29	97.53	65.59	29
Prepaid Expenses	5.51	5.5	7.27	4.77	7.51	2.31
Restricted Cash	-	-	-	-	-	1.55
Other Current Assets	1.02	0.73	3.07	1.44	11.99	26.12
Total Current Assets	209.21	229.38	228.86	198.74	258.01	134.18
Property, Plant & Equipment	411.16	399.53	398.64	388.67	343.61	205.18
Goodwill	57.78	49.6	47.54	44.37	42.97	22.8
Other Intangible Assets	206.87	205.5	221.45	221.09	59.27	50.46
Long-Term Deferred Tax Assets	-	-	-	-	-	2.4
Other Long-Term Assets	11.39	12.76	19.21	15.27	15.39	8.41
Total Assets	900.36	900.43	919.55	872.16	723.44	427.75
Accounts Payable	23.8	26.41	34.69	17.07	5.54	7.36
Accrued Expenses	16.59	22.04	21.31	8.65	11.95	10.49
Current Portion of Long-Term Debt	22.7	72.69	10.65	11.12	27.94	59.33
Current Portion of Leases	7.41	6.66	4.16	2.84	2.67	2.13
Current Income Taxes Payable	2.45	0.7	-	34.68	36.18	18.28
Current Unearned Revenue	1.6	1.39	1.32	0.67	0.52	0.22
Other Current Liabilities	21.45	14.65	20.57	35.92	32.61	17.49
Total Current Liabilities	96	144.54	92.69	110.95	117.4	115.29
Long-Term Debt	308	232.52	296.37	318.6	230.85	152.28
Long-Term Leases	279	269.24	262.28	230.51	197.3	156.4
Long-Term Deferred Tax Liabilities	18.74	23.44	35.75	33.61	1.42	-
Other Long-Term Liabilities	196.04	158.89	89.6	15.08	-	-
Total Liabilities	897.78	828.63	776.68	708.75	546.96	423.96
Common Stock	0.2	0.21	0.21	0.19	0.17	-
Additional Paid-In Capital	471.4	471.13	458.03	430.38	362.56	67.38
Retained Earnings	-469.85	-400.36	-315.36	-267.15	-186.25	-63.59
Total Common Equity	1.76	70.98	142.87	163.42	176.48	3.79
Minority Interest	0.82	0.82	-	-	-	-
Shareholders' Equity	2.58	71.8	142.87	163.42	176.48	3.79
Total Liabilities & Equity	900.36	900.43	919.55	872.16	723.44	427.75
Total Debt	617.12	581.11	573.46	563.08	458.75	370.14
Net Cash (Debt)	-526.24	-488.15	-491.65	-485.76	-298.09	-309.57
Net Cash Per Share	-2.55	-2.30	-2.47	-2.65	-1.99	-3.25
Filing Date Shares Outstanding	202.33	204.63	209.49	188.83	173.37	212.17
Total Common Shares Outstanding	202.61	205.03	206.88	188.06	171.59	212.17
Working Capital	113.21	84.84	136.17	87.79	140.62	18.89
Book Value Per Share	0.01	0.35	0.69	0.87	1.03	0.02
Tangible Book Value	-262.89	-184.12	-126.12	-102.05	74.24	-69.47
Tangible Book Value Per Share	-1.30	-0.90	-0.61	-0.54	0.43	-0.33
Land	5.78	5.78	5.24	6.51	1.3	0.89
Buildings	114.75	84.71	72.2	71.95	45.66	38.56
Machinery	87.78	78.78	71.47	63.97	49.06	28.55
Construction In Progress	10.34	5.56	6.51	9.63	60.99	25.14
Leasehold Improvements	217.14	202.55	192.81	174.1	103.98	33.93

Source: S&P Global Market Intelligence. Standard template. Financial Sources.