AYR WELLNESS INC WTS (AYWWF) Financials
AYR WELLNESS INC WTS (AYWWF) 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).
Flat sales now sit atop a shrinking gross-profit base, while leverage and financing costs amplify operating losses.
Revenue was essentially flat from FY2023 to FY2024, while gross margin compressed from43.7% to38.1% ; that pairing points to weaker economics or mix rather than volume pressure. At the same time, operating margin swung from-8.0% to-34.7% , so lower gross profit was compounded by costs below the gross-profit line.
Operating cash flow was positive at
Debt-to-equity rose from 0.2x in FY2022 to 1.0x in FY2024 as equity contracted, indicating leverage—not just losses—is reshaping the capital structure. Interest expense more than doubled to
Financial Health Signals
AYR WELLNESS INC WTS 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 WTS 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 WTS 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 WTS 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 WTS 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.
AYWWF 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.
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|
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).
AYWWF 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 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| 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 |
| Inventory | $112.6M+6.1% | $106.1M+6.3% | $99.8M |
| Accounts Receivable | $13.2M-2.0% | $13.5M+74.3% | $7.7M |
| 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 |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
AYWWF 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.
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|
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.
AYWWF 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.
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Current Ratio | 1.60+0.6x | 1.04-0.7x | 1.69 |
| Debt-to-Equity | 1.02+0.3x | 0.71+0.5x | 0.16 |
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.
Where AYR WELLNESS INC WTS Ranks
Frequently Asked Questions
What is AYR WELLNESS INC WTS's annual revenue?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's revenue growing?
AYR WELLNESS INC WTS (AYWWF) revenue was essentially unchanged year-over-year, at $463.6M in fiscal year 2024 against $463.6M the year before.
Is AYR WELLNESS INC WTS profitable?
No, AYR WELLNESS INC WTS (AYWWF) reported a net income of -$359.3M in fiscal year 2024, with a net profit margin of -77.5%.
What is AYR WELLNESS INC WTS's EBITDA?
AYR WELLNESS INC WTS (AYWWF) had EBITDA of -$132.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does AYR WELLNESS INC WTS have?
As of fiscal year 2024, AYR WELLNESS INC WTS (AYWWF) had $35.5M in cash and equivalents against $385.6M in long-term debt.
What is AYR WELLNESS INC WTS's gross margin?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's operating margin?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's net profit margin?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's return on equity (ROE)?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's free cash flow?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's operating cash flow?
AYR WELLNESS INC WTS (AYWWF) generated $9.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are AYR WELLNESS INC WTS's total assets?
AYR WELLNESS INC WTS (AYWWF) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are AYR WELLNESS INC WTS's capital expenditures?
AYR WELLNESS INC WTS (AYWWF) invested $17.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is AYR WELLNESS INC WTS's current ratio?
AYR WELLNESS INC WTS (AYWWF) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
What is AYR WELLNESS INC WTS's debt-to-equity ratio?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's return on assets (ROA)?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's Piotroski F-Score?
AYR WELLNESS INC WTS (AYWWF) 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 WTS's earnings high quality?
AYR WELLNESS INC WTS (AYWWF) 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 WTS cover its interest payments?
AYR WELLNESS INC WTS (AYWWF) 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.