AYR WELLNESS INC (AYRWF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2024, filed Mar 24, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AYRWF SEC filings page.
AYR WELLNESS INC (AYRWF) reported $463.6M in revenue for fiscal year 2024. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue stopped growing while margins deteriorated, leaving Ayr increasingly reliant on balance-sheet changes rather than operating earnings.
The unusual combination of positive operating cash flow of$9.6M and free cash flow of-$8.1M in FY2024 means reported cash generation still did not fund reinvestment. Meanwhile, revenue was essentially flat from FY2023 to FY2024 while gross margin compressed, indicating weaker unit economics rather than merely a temporary growth pause.
Selling, general and administrative expense declined from
Interest expense rose from
Financial Health Signals
AYR WELLNESS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
AYR WELLNESS INC scores -1.25, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($432K) relative to total liabilities ($904.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
AYR WELLNESS INC passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
AYR WELLNESS INC reported a net loss of $359.3M while generating $9.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
AYR WELLNESS INC reported an operating loss of $161.0M against $78.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2024.
Cash & Balance Sheet
AYR WELLNESS INC held $35.5M in cash against $385.6M in long-term debt as of Q4 2024.
Not reported for Q4 2024.
Not reported for Q4 2024.
Margins & Returns
None of these metrics is reported for Q4 2024.
Capital Allocation
None of these metrics is reported for Q4 2024.
AYRWF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
AYRWF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2410-K | Q4'2310-K | Q4'2210-K |
|---|---|---|---|
| Total Assets | $1.3B-13.1% | $1.5B-17.4% | $1.8B |
| Current Assets | $175.2M-16.0% | $208.6M-54.0% | $453.7M |
| Cash & Equivalents | $35.5M-30.1% | $50.8M-33.9% | $76.8M |
| Short-Term Investments | $0 | $0 | $0 |
| Inventory | $112.6M+6.1% | $106.1M+6.3% | $99.8M |
| Accounts Receivable | $13.2M-2.0% | $13.5M+74.3% | $7.7M |
| Long-Term Investments | $0 | $0 | $0 |
| Goodwill | $0-100.0% | $94.1M0.0% | $94.1M |
| Total Liabilities | $904.3M+1.7% | $889.2M-4.6% | $932.4M |
| Current Liabilities | $109.3M-45.7% | $201.2M-25.2% | $268.8M |
| Non-Current Liabilities | $795.0M+15.5% | $688.0M+3.7% | $663.6M |
| Long-Term Debt | $385.6M-6.2% | $411.3M+201.7% | $136.3M |
| Total Equity | $379.5M-34.8% | $581.8M-30.2% | $833.3M |
| Retained Earnings | -$1.1B-45.9% | -$783.1M-53.3% | -$510.7M |
AYRWF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
AYRWF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| AYR WELLNESS INC AYRWF | FY2024 | $463.6M | -$359.3M | -77.5% | $432K | — |
| INTEGRATED CANNABIS SLTNS IGPK | FY2021 | $0 | N/A | N/A | $16.5M | — |
| CHARLOTTES WEB HLDGS INC CWBHF | FY2025 | $49.9M | -$29.7M | -59.6% | $73.8M | — |
Where AYR WELLNESS INC Ranks
Frequently Asked Questions
What is AYR WELLNESS INC's annual revenue?
AYR WELLNESS INC (AYRWF) reported $463.6M in total revenue for fiscal year 2024. That is unchanged from the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AYR WELLNESS INC's revenue growing?
AYR WELLNESS INC (AYRWF) revenue was essentially unchanged year-over-year, at $463.6M in fiscal year 2024 against $463.6M the year before.
Is AYR WELLNESS INC profitable?
No, AYR WELLNESS INC (AYRWF) reported a net income of -$359.3M in fiscal year 2024, with a net profit margin of -77.5%.
What is AYR WELLNESS INC's EBITDA?
AYR WELLNESS INC (AYRWF) had EBITDA of -$132.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does AYR WELLNESS INC have?
As of fiscal year 2024, AYR WELLNESS INC (AYRWF) had $35.5M in cash and equivalents against $385.6M in long-term debt.
What is AYR WELLNESS INC's gross margin?
AYR WELLNESS INC (AYRWF) had a gross margin of 38.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is AYR WELLNESS INC's operating margin?
AYR WELLNESS INC (AYRWF) had an operating margin of -34.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is AYR WELLNESS INC's net profit margin?
AYR WELLNESS INC (AYRWF) had a net profit margin of -77.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is AYR WELLNESS INC's return on equity (ROE)?
AYR WELLNESS INC (AYRWF) has a return on equity of -94.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is AYR WELLNESS INC's free cash flow?
AYR WELLNESS INC (AYRWF) recorded an outflow of $8.1M in free cash flow during fiscal year 2024. This represents a -1419.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is AYR WELLNESS INC's operating cash flow?
AYR WELLNESS INC (AYRWF) generated $9.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are AYR WELLNESS INC's total assets?
AYR WELLNESS INC (AYRWF) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are AYR WELLNESS INC's capital expenditures?
AYR WELLNESS INC (AYRWF) invested $17.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is AYR WELLNESS INC's current ratio?
AYR WELLNESS INC (AYRWF) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
What is AYR WELLNESS INC's debt-to-equity ratio?
AYR WELLNESS INC (AYRWF) had a debt-to-equity ratio of 1.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AYR WELLNESS INC's return on assets (ROA)?
AYR WELLNESS INC (AYRWF) had a return on assets of -28.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is AYR WELLNESS INC's P/E ratio?
AYR WELLNESS INC (AYRWF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $432K as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AYR WELLNESS INC's price-to-sales ratio?
AYR WELLNESS INC (AYRWF) trades at 0.0x sales, its market capitalization divided by revenue of $463.6M revenue, FY2024. The market capitalization is $432K as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AYR WELLNESS INC's Altman Z-Score?
AYR WELLNESS INC (AYRWF) has an Altman Z-Score of -1.25, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is AYR WELLNESS INC's Piotroski F-Score?
AYR WELLNESS INC (AYRWF) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AYR WELLNESS INC's earnings high quality?
AYR WELLNESS INC (AYRWF) reported a net loss of $359.3M while generating $9.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can AYR WELLNESS INC cover its interest payments?
AYR WELLNESS INC (AYRWF) reported an operating loss of $161.0M against $78.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.