Event-Driven Stocks

Ascend Wellness Holdings, Inc.

AAWHOTC

Healthcare · Medicinal Chemicals & Botanical Products · DE · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 4 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$500.6M$561.6M$518.6M$405.9M$332.4M$143.7M
Operating income−$17.0M$4.7M−$3.6M−$7.5M−$17.2M$7.8M
Net income−$118.2M−$85.0M−$48.2M−$80.9M−$122.7M−$25.4M
Total assets$907.9M$900.4M$919.5M$872.2M$723.4M$427.7M
Total liabilities$954.5M$828.6M$776.7M$708.7M$547.0M$424.0M
Equity−$47.4M$71.0M$142.9M$163.4M$176.5M$3.8M
EPS (diluted)$-0.58$-0.40$-0.24$-0.44$-0.82$-0.27
Shares out.202.2M205.0M206.9M188.1M171.6M95.2M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−3.4%
Net margin
−23.6%
Return on equity
249.1%
Return on assets
−13.0%
Return on capital (ROCE)
−2.1%
Liabilities / assets
105.1%
Debt / equity
—
Book value / share
$-0.23
Revenue growth (YoY)
−10.9%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-1.32distress
Accruals / assets
−17.2%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
36
/ 100
Profitability 20Growth 0Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 2 severe● 4 warning● 3 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Strong return on equity (>15%)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202620,1081.0-78.3%
Apr 30, 202692,7931.0+1373.6%
Apr 15, 20266,2971.0-89.2%
Mar 31, 202658,5201.0+882.9%
Mar 13, 20265,9541.0-81.8%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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