AYR Wellness 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.
Flat sales are masking a cost and financing squeeze: margins narrowed, losses deepened, and equity shrank.
Revenue was nearly unchanged across the latest two years, while cost of revenue rose9.9% . That cost pressure pushed gross margin from43.7% to38.1% ; lower SG&A still could not prevent operating losses from widening.
The balance sheet is more liability-funded: liabilities reached
The cash-conversion picture weakened: operating cash flow remained positive but fell from
Financial Health Signals
We do not publish a peer-relative financial health score for AYR Wellness Inc WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. 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 operating efficiency signals passes.
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
AYR Wellness Inc WTS generated $463.6M in revenue in fiscal year 2024. That is unchanged from the prior year.
AYR Wellness Inc WTS's EBITDA was -$132.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
AYR Wellness Inc WTS reported a net loss of $359.3M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
AYR Wellness Inc WTS earned -$3.24 per diluted share (EPS) in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
AYR Wellness Inc WTS recorded an outflow of $8.1M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
AYR Wellness Inc WTS held $35.5M in cash against $385.6M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
AYR Wellness Inc WTS'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.
AYR Wellness Inc WTS'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.
AYR Wellness Inc WTS'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.
AYR Wellness Inc WTS'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
AYR Wellness Inc WTS 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.
Not reported for fiscal year 2024.
Not reported for fiscal year 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 | 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 |
| SG&A Expenses | $167.1M-6.0% | $177.8M-16.3% | $212.5M |
| Operating Income | -$161.0Mn/m | -$37.1Mn/m | -$207.3M |
| EBITDA | -$132.8Mn/m | -$4.8Mn/m | -$188.3M |
| 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 | -$359.3Mn/m | -$272.4Mn/m | -$245.5M |
| EPS (Basic) | -$3.24n/m | -$3.68n/m | -$3.58 |
| EPS (Diluted) | -$3.24n/m | -$3.68n/m | -$3.58 |
| Diluted Shares (Avg) | 110,832+49.6% | 74,096+8.0% | 68,635 |
Not reported in any period shown, so not listed: R&D Expenses.
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 | 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 |
| 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 | -$1.1Bn/m | -$783.1Mn/m | -$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 | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Cash Flow | $9.6M-64.5% | $27.2Mn/m | -$34.2M |
| Depreciation & Amortization | $28.2M-12.6% | $32.3M+69.8% | $19.0M |
| Stock-Based Compensation | $18.0M+9.6% | $16.4M | N/A |
| Capital Expenditures | $17.7M-36.0% | $27.7M-52.9% | $58.8M |
| Free Cash Flow | -$8.1Mn/m | -$532Kn/m | -$93.0M |
| Investing Cash Flow | -$21.8Mn/m | -$24.2Mn/m | -$66.5M |
| Financing Cash Flow | -$3.1Mn/m | -$32.9M-222.0% | $27.0M |
| Share Buybacks | N/A | N/A | $8.4M |
Not reported in any period shown, so not listed: Dividends Paid.
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 | 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+0.6x | 1.04-0.7x | 1.69 |
| Debt-to-Equity | 1.02+0.3x | 0.71+0.5x | 0.16 |
| Liabilities-to-Equity | 2.38+0.9x | 1.53+0.4x | 1.12 |
| Asset Turnover | 0.370.0x | 0.32+0.1x | 0.24 |
| FCF Margin | -1.7%-1.6pp | -0.1%+22.0pp | -22.1% |
Where AYR Wellness Inc WTS Ranks
Frequently Asked Questions
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.
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.
No, AYR Wellness Inc WTS (AYWWF) reported a net loss of $359.3M in fiscal year 2024, with a net profit margin of -77.5%.
AYR Wellness Inc WTS (AYWWF) had EBITDA of -$132.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2024, AYR Wellness Inc WTS (AYWWF) had $35.5M in cash and equivalents against $385.6M in long-term debt.
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.
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.
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.
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.
AYR Wellness Inc WTS (AYWWF) recorded an outflow of $8.1M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
AYR Wellness Inc WTS (AYWWF) generated $9.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
AYR Wellness Inc WTS (AYWWF) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
AYR Wellness Inc WTS (AYWWF) invested $17.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
AYR Wellness Inc WTS (AYWWF) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
AYR Wellness Inc WTS (AYWWF) had a debt-to-equity ratio of 1.02 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
AYR Wellness Inc WTS (AYWWF) had a liabilities-to-equity ratio of 2.38 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
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.
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.
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.