What is Ayr Wellness Inc's earnings per share (EPS)?

Ayr Wellness Inc (AYWWF) reported diluted earnings per share of $-3.24 for fiscal year 2024. This represents a 12.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ayr Wellness Inc Financials

AYWWF

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE December

This page shows Ayr Wellness Inc (AYWWF) financial statements, including the 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).

Rhea AI AYWWF FY2024 2026-04-22

Flat sales and falling gross margin left AYWWF leaning on a shrinking equity base to absorb heavier financing and non-cash pressure.

With revenue stuck near $463.6M, gross margin compression and interest expense that nearly doubled pushed FY2024 into a much deeper net loss. Operating cash flow still positive at $9.6M while goodwill fell to $0 suggests the damage was driven more by financing costs and non-cash charges than by a simple collapse in cash collection.

The balance-sheet strain came mostly from equity erosion, not a big jump in borrowings: long-term debt was $385.6M. Debt-to-equity still reached 1.0x because equity had been cut to $379.5M, leaving less shareholder capital to absorb future setbacks.

The business did produce $9.6M of operating cash flow, but capital spending of $17.7M kept free cash flow negative. That means the company can fund operations better than its net loss implies, yet it still needs reinvestment before cash generation becomes true surplus.

Financial Health Signals

Financial health score pending refresh

We are recalculating Ayr Wellness Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/8

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.

Earnings Quality Mixed

-0.03x

For every $1 of reported earnings, Ayr Wellness Inc generates $-0.03 in operating cash flow ($9.6M OCF vs -$359.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-2.1x

Ayr Wellness Inc earns $-2.1 in operating income for every $1 of interest expense (-$161.0M vs $78.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$463.6M

YoY+0.0%

Ayr Wellness Inc generated $463.6M in revenue in fiscal year 2024. This represents an increase of 0.0% from the prior year.

EBITDA

-$132.8M

YoY-2654.8%

Ayr Wellness Inc's EBITDA was -$132.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2654.8% from the prior year.

Net Income

-$359.3M

YoY-31.9%

Ayr Wellness Inc reported -$359.3M in net income in fiscal year 2024. This represents a decrease of 31.9% from the prior year.

EPS (Diluted)

$-3.24

YoY+12.0%

Ayr Wellness Inc earned $-3.24 per diluted share (EPS) in fiscal year 2024. This represents an increase of 12.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$8.1M

YoY-1419.5%

Ayr Wellness Inc generated -$8.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1419.5% from the prior year.

Cash & Debt

$35.5M

YoY-30.1%

Ayr Wellness Inc held $35.5M in cash against $385.6M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

109M

Ayr Wellness Inc had 109M shares outstanding in fiscal year 2024.

Margins & Returns

Gross Margin

38.1%

YoY-5.5pp

Ayr Wellness Inc's gross margin was 38.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 5.5 percentage points from the prior year.

Operating Margin

-34.7%

YoY-26.7pp

Ayr Wellness Inc's operating margin was -34.7% in fiscal year 2024, reflecting core business profitability. This is down 26.7 percentage points from the prior year.

Net Margin

-77.5%

YoY-18.7pp

Ayr Wellness Inc's net profit margin was -77.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 18.7 percentage points from the prior year.

Return on Equity

-94.7%

YoY-47.8pp

Ayr Wellness Inc's ROE was -94.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 47.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$17.7M

YoY-36.0%

Ayr Wellness Inc invested $17.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 36.0% from the prior year.

AYWWF Income Statement

Metric	FY24	FY23	FY22
Revenue	$463.6M0.0%	$463.6M+10.0%	$421.4M
Cost of Revenue	$287.0M+9.9%	$261.2M+6.0%	$246.5M
Gross Profit	$176.7M-12.7%	$202.4M+15.7%	$175.0M
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$167.1M-6.0%	$177.8M-16.3%	$212.5M
Operating Income	-$161.0M-333.7%	-$37.1M+82.1%	-$207.3M
Interest Expense	$78.3M+98.6%	$39.4M+39.1%	$28.3M
Income Tax	$43.3M-8.7%	$47.4M+5.9%	$44.7M
Net Income	-$359.3M-31.9%	-$272.4M-11.0%	-$245.5M
EPS (Diluted)	$-3.24+12.0%	$-3.68-2.8%	$-3.58

Metric	Q4'24	Q4'23	Q4'22
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

AYWWF Balance Sheet

Metric	FY24	FY23	FY22
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
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

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
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

AYWWF Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	$9.6M-64.5%	$27.2M+179.5%	-$34.2M
Capital Expenditures	$17.7M-36.0%	$27.7M-52.9%	$58.8M
Free Cash Flow	-$8.1M-1419.5%	-$532K+99.4%	-$93.0M
Investing Cash Flow	-$21.8M+9.7%	-$24.2M+63.7%	-$66.5M
Financing Cash Flow	-$3.1M+90.6%	-$32.9M-222.0%	$27.0M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$8.4M

Metric	Q4'24	Q4'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

AYWWF Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	38.1%-5.5pp	43.7%+2.1pp	41.5%
Operating Margin	-34.7%-26.7pp	-8.0%+41.2pp	-49.2%
Net Margin	-77.5%-18.7pp	-58.8%-0.5pp	-58.3%
Return on Equity	-94.7%-47.8pp	-46.8%-17.4pp	-29.5%
Return on Assets	-28.3%-9.7pp	-18.7%-4.8pp	-13.9%
Current Ratio	1.60+0.6	1.04-0.7	1.69
Debt-to-Equity	1.02+0.3	0.71+0.5	0.16
FCF Margin	-1.7%-1.6pp	-0.1%+22.0pp	-22.1%

Metric	Q4'24	Q4'23	Q4'22
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	1.60+0.6	1.04-0.7	1.69
Debt-to-Equity	1.02+0.3	0.71+0.5	0.16
FCF Margin	N/A	N/A	N/A

Frequently Asked Questions

What is Ayr Wellness Inc's annual revenue?

Ayr Wellness Inc (AYWWF) reported $463.6M in total revenue for fiscal year 2024. This represents a 0.0% change compared to 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 (AYWWF) revenue grew by 0% year-over-year, from $463.6M to $463.6M in fiscal year 2024.

Is Ayr Wellness Inc profitable?

No, Ayr Wellness Inc (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's EBITDA?

Ayr Wellness Inc (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 have?

As of fiscal year 2024, Ayr Wellness Inc (AYWWF) 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 (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's operating margin?

Ayr Wellness Inc (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's net profit margin?

Ayr Wellness Inc (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's return on equity (ROE)?

Ayr Wellness Inc (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's free cash flow?

Ayr Wellness Inc (AYWWF) generated -$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 (AYWWF) 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 (AYWWF) 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 (AYWWF) invested $17.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Ayr Wellness Inc have outstanding?

Ayr Wellness Inc (AYWWF) had 109M shares outstanding as of fiscal year 2024.

What is Ayr Wellness Inc's current ratio?

Ayr Wellness Inc (AYWWF) 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 (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's return on assets (ROA)?

Ayr Wellness Inc (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's Piotroski F-Score?

Ayr Wellness Inc (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's earnings high quality?

Ayr Wellness Inc (AYWWF) has an earnings quality ratio of -0.03x, considered mixed quality. 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 (AYWWF) has an interest coverage ratio of -2.1x, meaning it can struggle to cover its interest obligations. 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.