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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	60.92	85.68	88.25	72.51	74.15	155.48
Short-Term Investments	-	1.46	4.71	9.3	3.17	5.18
Cash & Short-Term Investments	60.92	87.13	92.96	81.81	77.32	160.66
Cash Growth	-42.54%	-6.27%	13.63%	5.81%	-51.88%	165.25%
Accounts Receivable	-	27.02	36.54	28.3	14.1	7.61
Receivables	-	27.37	40.64	41.41	17.69	12.27
Inventory	87.15	84.71	89.55	95.29	97.53	65.59
Prepaid Expenses	-	7.26	5.5	7.27	4.77	7.51
Other Current Assets	40.9	2.48	0.73	3.07	1.44	11.99
Total Current Assets	188.96	208.95	229.38	228.86	198.74	258.01
Property, Plant & Equipment	423.97	429.47	399.53	398.64	388.67	343.61
Goodwill	58.35	58.45	49.6	47.54	44.37	42.97
Other Intangible Assets	189.5	196.07	205.5	221.45	221.09	59.27
Other Long-Term Assets	11.31	14.81	12.76	19.21	15.27	15.39
Total Assets	872.09	907.93	900.43	919.55	872.16	723.44
Accounts Payable	-	20.91	26.41	34.69	17.07	5.54
Accrued Expenses	-	28.62	22.04	21.31	8.65	11.95
Current Portion of Long-Term Debt	9.78	7.44	71.5	10.65	11.12	27.94
Current Portion of Leases	-	8.62	7.85	4.16	2.84	2.67
Current Income Taxes Payable	-	1.08	0.7	-	34.68	36.18
Current Unearned Revenue	-	1.13	1.39	1.32	0.67	0.52
Other Current Liabilities	78.68	41.21	14.65	20.57	35.92	32.61
Total Current Liabilities	88.46	109.01	144.54	92.69	110.95	117.4
Long-Term Debt	292.31	47.29	212.4	296.37	318.6	230.85
Long-Term Leases	322.59	566.27	289.36	262.28	230.51	197.3
Long-Term Deferred Tax Liabilities	-	21.52	23.44	35.75	33.61	1.42
Other Long-Term Liabilities	244.5	210.46	158.89	89.6	15.08	-
Total Liabilities	947.86	954.55	828.63	776.68	708.75	546.96
Common Stock	-75.77	0.2	0.21	0.21	0.19	0.17
Additional Paid-In Capital	-	470.91	471.13	458.03	430.38	362.56
Retained Earnings	-	-518.55	-400.36	-315.36	-267.15	-186.25
Total Common Equity	-75.77	-47.44	70.98	142.87	163.42	176.48
Minority Interest	-	0.82	0.82	-	-	-
Shareholders' Equity	-75.77	-46.62	71.8	142.87	163.42	176.48
Total Liabilities & Equity	872.09	907.93	900.43	919.55	872.16	723.44
Total Debt	624.68	629.63	581.11	573.46	563.08	458.75
Net Cash (Debt)	-563.76	-542.5	-488.15	-491.65	-485.76	-298.09
Net Cash Per Share	-2.78	-2.67	-2.30	-2.47	-2.65	-1.99
Filing Date Shares Outstanding	202.45	202.27	204.63	209.49	188.83	173.37
Total Common Shares Outstanding	202.45	202.22	205.03	206.88	188.06	171.59
Working Capital	100.51	99.94	84.84	136.17	87.79	140.62
Book Value Per Share	-0.37	-0.23	0.35	0.69	0.87	1.03
Tangible Book Value	-323.62	-301.97	-184.12	-126.12	-102.05	74.24
Tangible Book Value Per Share	-1.60	-1.49	-0.90	-0.61	-0.54	0.43
Land	-	5.78	5.78	5.24	6.51	1.3
Buildings	-	213.78	84.71	72.2	71.95	45.66
Machinery	-	92.17	78.78	71.47	63.97	49.06
Construction In Progress	-	9.63	5.56	6.51	9.63	60.99
Leasehold Improvements	-	219.39	202.55	192.81	174.1	103.98

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