SNDL

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SNDL Inc.

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Key Metrics

Previous Close: $1.31
52-Week Range: $1.17 – $2.89
Market Cap: $330.72M
P/E (TTM): —
EPS (TTM): -0.06
Dividend Yield: —

Advanced Metrics

Price/Book: 0.43
PEG Ratio: —
Return on Equity: -2.02%
Return on Assets: -0.77%
Gross Margin: 26.24%
Operating Margin: -2.31%
Profit Margin: -2.34%
Current Ratio: 4.76
Debt/Equity: 0.16
Total Debt: $166.38M
Free Cash Flow: $35.19M
Revenue Growth: -3.70%
Earnings Growth: —
Enterprise Value: $313.49M

SNDL Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$712.20M	$909.01M	$920.45M	$946.40M
Cost of Revenue	$571.82M	$718.59M	$680.12M	$687.75M
Gross Profit	$140.38M	$190.41M	$240.33M	$258.65M
Research & Development	$2.45M	$324.00K	$346.00K	$489.00K
Selling, General & Admin	$158.26M	$230.17M	$219.28M	$210.63M
Operating Expenses	$201.65M	$290.71M	$273.88M	$263.07M
Operating Income	-$61.27M	-$100.30M	-$33.55M	-$4.42M
EBITDA	-$326.55M	-$99.15M	-$41.20M	$48.02M
Pretax Income	-$379.77M	-$172.02M	-$105.61M	-$15.77M
Income Tax	-$7.34M	$0.00	-$9.40M	$0.00
Net Income	-$335.11M	-$172.66M	-$94.80M	-$15.77M
Diluted EPS	-1.46	-0.67	-0.36	-0.06
Diluted Shares	229.87M	259.37M	264.20M	258.05M

SNDL Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$279.59M	$195.04M	$218.36M	$252.24M
Receivables	$22.64M	$27.06M	$28.12M	$27.64M
Inventory	$131.26M	$129.49M	$129.11M	$130.00M
Current Assets	$501.48M	$406.91M	$461.84M	$449.62M
Total Assets	$1.56B	$1.47B	$1.35B	$1.34B
Current Liabilities	$89.36M	$103.15M	$90.56M	$92.21M
Total Debt	$169.83M	$167.03M	$152.27M	$169.93M
Total Liabilities	$231.69M	$243.82M	$215.89M	$234.72M
Retained Earnings	-$1.09B	-$1.26B	-$1.32B	-$1.30B
Shareholders' Equity	$1.31B	$1.21B	$1.13B	$1.10B
Working Capital	$412.12M	$303.77M	$371.28M	$357.41M

SNDL Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$6.71M	-$16.65M	$54.91M	$70.92M
Capital Expenditure	-$10.86M	-$7.93M	-$11.02M	-$12.81M
Free Cash Flow	-$17.57M	-$24.58M	$43.90M	$58.11M
Depreciation & Amortisation	$47.32M	$64.95M	$56.71M	$56.27M
Stock-Based Compensation	$9.67M	$15.40M	$20.04M	$13.90M
Investing Cash Flow	-$230.16M	-$24.82M	$17.76M	$17.45M
Financing Cash Flow	-$41.79M	-$43.08M	-$49.36M	-$54.49M
Share Repurchases	-$13.39M	-$1.54M	-$13.28M	-$15.35M
Net Change in Cash	-$278.67M	-$84.55M	$23.32M	$33.88M

SNDL Income statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$244.77M	$244.22M	$252.50M	$195.91M	$235.77M
Cost of Revenue	$177.17M	$180.04M	$182.27M	$143.09M	$179.42M
Gross Profit	$67.60M	$64.18M	$70.23M	$52.81M	$56.35M
Research & Development	$98.00K	$156.00K	$135.00K	$4.00K	$8.00K
Selling, General & Admin	$51.68M	$60.47M	$46.97M	$51.23M	$49.16M
Operating Expenses	$64.70M	$73.55M	$59.98M	$64.01M	$61.80M
Operating Income	$2.90M	-$9.37M	$10.25M	-$11.20M	-$5.45M
EBITDA	$18.63M	$2.59M	$25.49M	$2.92M	$6.62M
Pretax Income	$2.88M	-$13.32M	$9.37M	-$11.41M	-$9.51M
Income Tax	$0.00	$0.00	$0.00	-$1.50M	-$1.69M
Net Income	$2.88M	-$13.32M	$9.37M	-$9.91M	-$7.82M
Diluted EPS	0.01	-0.05	—	-0.04	-0.03
Diluted Shares	263.30M	266.38M	—	260.17M	256.72M

SNDL Balance Sheet statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$208.22M	$240.58M	$252.24M	$213.40M	$183.21M
Receivables	$29.41M	$26.30M	$27.64M	$29.06M	$33.00M
Inventory	$137.55M	$128.84M	$130.00M	$137.95M	$136.21M
Current Assets	$414.69M	$432.33M	$449.62M	$419.82M	$391.80M
Total Assets	$1.29B	$1.32B	$1.34B	$1.31B	$1.28B
Current Liabilities	$82.52M	$85.81M	$92.21M	$86.79M	$82.29M
Total Debt	$150.54M	$155.13M	$169.93M	$168.37M	$166.38M
Total Liabilities	$205.28M	$218.77M	$234.72M	$227.09M	$220.24M
Retained Earnings	-$1.30B	-$1.31B	-$1.30B	-$1.28B	-$1.21B
Shareholders' Equity	$1.09B	$1.10B	$1.10B	$1.09B	$1.06B
Working Capital	$332.17M	$346.52M	$357.41M	$333.03M	$309.52M

SNDL Cash Flow statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$6.12M	$31.70M	$25.31M	$3.48M	$3.69M
Capital Expenditure	-$2.08M	-$5.18M	-$3.96M	-$2.64M	-$1.79M
Free Cash Flow	$4.04M	$26.52M	$21.35M	$843.00K	$1.90M
Depreciation & Amortisation	$13.95M	$13.97M	$14.16M	$14.12M	$13.99M
Stock-Based Compensation	$2.92M	$10.88M	-$1.28M	$616.00K	$2.65M
Investing Cash Flow	-$7.16M	$10.52M	-$3.08M	-$11.37M	-$338.00K
Financing Cash Flow	-$11.60M	-$9.87M	-$10.57M	-$18.81M	-$33.55M
Share Repurchases	$0.00	-$3.00K	-$314.00K	-$9.57M	-$23.50M
Net Change in Cash	-$12.64M	$32.36M	$11.66M	-$26.70M	-$30.20M

Market Snapshot

About

SNDL Inc. is a Canadian cannabis company engaged in the production, distribution, and retail of cannabis products for medical and recreational markets. The company operates licensed cultivation facilities, retail stores, and invests in cannabis-related businesses. SNDL also provides investment and lending services to cannabis industry participants.