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Ascend Wellness revenue
Ascend Wellness's revenue is $561.6 million.
What is Ascend Wellness's revenue?
- Ascend Wellness's revenue growth from 2020 to 2024 is 290.73%.
- Ascend Wellness has 31 employees, and the revenue per employee ratio is $18,116,096.
- Ascend Wellness's peak quarterly revenue was $142.4M in 2024(q1).
- Ascend Wellness peak revenue was $561.6M in 2024.
- Ascend Wellness annual revenue for 2023 was 518.6M, 27.75% growth from 2022.
- Ascend Wellness annual revenue for 2024 was 561.6M, 8.29% growth from 2023.
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Ascend Wellness historical revenue
Ascend Wellness's peak revenue was $561.6M in 2024. The peak quarterly revenue was $142.4M in 2024(q1).
Ascend Wellness's revenue increased from $143.7m in 2020 to $561.6M currently. That's a 290.73% change in annual revenue.
Ascend Wellness annual revenue
Ascend Wellness annual revenue over time
| Fiscal year / year | Ascend Wellness revenue |
|---|---|
| 2020 | $143.7M |
| 2021 | $332.4M |
| 2022 | $405.9M |
| 2023 | $518.6M |
| 2024 | $561.6M |
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Ascend Wellness annual growth
Ascend Wellness saw the greatest revenue growth in 2021, when revenue increased by 131.25%.
Ascend Wellness had the lowest revenue growth in 2022, when revenue changed by 22.13%.
Ascend Wellness annual growth rate over time
| Year | Ascend Wellness growth |
|---|---|
| 2021 | 131%↑ |
| 2022 | 22%↑ |
| 2023 | 28%↑ |
| 2024 | 8%↑ |
Ascend Wellness quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Ascend Wellness quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2020 | - | - | - | $54.3M |
| 2021 | $66.1M | $83.4M | $94.4M | $88.5M |
| 2022 | $85.1M | $97.5M | $111.2M | $112.1M |
| 2023 | $114.2M | $123.0M | $141.3M | $140.2M |
| 2024 | $142.4M | $141.5M | $141.6M | $136.0M |
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Ascend Wellness financial information
| CEO | Abner Kurtin |
| Company Type | Private |
| Employees Number | 31 |
| Date Founded | 2018 |
| Headquarters | Boston, Massachusetts |
| Number of Locations | 1 |
| Revenue | $561.6M |
| Net Income | -$80,899,000 |
| Gross Proft | $184.2M (2024) |
| Tax Rate | -1.1% |
| Total Assets | $872,160,000 |
| Ticker | AAWH |
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Ascend Wellness financing
Ascend Wellness received early financing of $14.0M on 2018-10-24.
| Series | Round size | Date |
|---|---|---|
| Debt | $35M | 06/2019 |
| Equity | $38M | 03/2019 |
| Equity | $14M | 10/2018 |
Ascend Wellness investors
| Investors | Security type |
|---|---|
| Salveo Capital | Venture Round - Ascend Wellness |
| Poseidon Asset Management | Venture Round - Ascend Wellness |
| JM10 Partners | Venture Round - Ascend Wellness |
| Three Bays Capital | Venture Round - Ascend Wellness |
| Shire Capital Advisors | Venture Round - Ascend Wellness |
| Salveo Capital | Venture Round - Ascend Wellness |
| Poseidon Asset Management | Venture Round - Ascend Wellness |
| JM10 Partners | Venture Round - Ascend Wellness |
| Shire Capital Advisors | Venture Round - Ascend Wellness |
Ascend Wellness competitors
Ascend Wellness's top competitor, Cresco Labs, earned an annual revenue of $350.2M.
Ascend Wellness's smallest competitor is Healing Innovations with revenue of $73.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Stem Holdings | - | $144.6M | 100 | - |
| The Flowr Corporation | - | $8.5M | 200 | - |
| Cresco Labs | - | $350.2M | 1,700 | - |
| Marijuana Company of America | - | $280,653 | 4 | - |
| Aurora Cannabis | - | $55.2M | 2,779 | - |
| Healing Innovations | - | $73,000 | 6 | - |
| Precision Medicine Group | - | $10.0M | 750 | - |
| Lumin Health | - | $6.0M | 26 | - |
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Zippia gives an in-depth look into the details of Ascend Wellness, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ascend Wellness. The employee data is based on information from people who have self-reported their past or current employments at Ascend Wellness. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ascend Wellness. The data presented on this page does not represent the view of Ascend Wellness and its employees or that of Zippia.
Ascend Wellness may also be known as or be related to Ascend Wellness, Ascend Wellness Holdings and Ascend Wellness Holdings, LLC.