v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 60,920 $ 85,676
Accounts receivable, net 26,422 27,024
Inventory 87,149 84,707
Notes receivable 0 349
Other current assets 14,473 11,193
Total current assets 188,964 208,949
Property and equipment, net 376,601 382,402
Operating lease right-of-use assets 47,364 47,063
Intangible assets, net 189,499 196,072
Goodwill 58,353 58,453
Other non-current assets 11,311 14,990
TOTAL ASSETS 872,092 907,929
Current liabilities    
Accounts payable and accrued liabilities 62,628 84,793
Current portion of debt, net 9,780 10,368
Operating lease liabilities, current 3,008 2,771
Finance lease and other lease liabilities, current 2,951 2,924
Income taxes payable 1,083 1,083
Other current liabilities 9,008 7,070
Total current liabilities 88,458 109,009
Long-term debt, net 292,309 291,104
Operating lease liabilities, non-current 60,740 60,546
Finance lease and other lease financing liabilities, non-current 261,850 261,913
Deferred tax liabilities, net 20,191 21,515
Other non-current liabilities 224,311 210,459
Total liabilities 947,859 954,546
Commitments and contingencies (Note 15)
Stockholders' Deficit    
Preferred stock, $0.001 par value per share; 10,000 shares authorized, none issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Additional paid-in capital 471,249 470,907
Accumulated deficit (548,042) (518,549)
Deficit of Ascend Wellness Holdings, Inc. common stockholders (76,590) (47,440)
Non-controlling interests 823 823
Total stockholders' deficit (75,767) (46,617)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 872,092 907,929
Class A common stock    
Stockholders' Deficit    
Class A and Class B common stock 203 202
Class B common stock    
Stockholders' Deficit    
Class A and Class B common stock $ 0 $ 0