Avicanna Inc. (TSX:AVCN)

Avicanna Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	25.48	25.46	16.79	4.05	3.27
Revenue Growth (YoY)	0.08%	51.62%	314.82%	23.83%	108.20%
Cost of Revenue	11.74	12.15	9.17	2.18	2.57
Gross Profit	13.74	13.31	7.62	1.87	0.7
Selling, General & Admin	15.38	16.5	13.83	10.26	13.18
Depreciation & Amortization Expenses	0.74	0.85	0.78	0.89	0.89
Other Operating Expenses	0.15	0.16	0.08	2.02	1.9
Total Operating Expenses	16.27	17.51	14.68	13.17	15.97
Operating Income	-2.53	-4.21	-7.06	-11.3	-15.28
Interest Expense	-0.05	-0.33	-0.61	-1.67	-0.74
Other Non-Operating Income (Expense)	0.08	1.4	0.25	-1.53	-0.45
Total Non-Operating Income (Expense)	0.02	1.06	-0.36	-3.21	-1.19
Pretax Income	-2.51	-3.14	-7.43	-14.51	-16.46
Net Income	-5.6	-8.57	-8.74	-14.74	-16.77
Net Income to Common	-5.6	-8.57	-8.74	-14.74	-16.77
Shares Outstanding (Basic)	115	100	85	59	41
Shares Outstanding (Diluted)	115	100	85	59	41
Shares Change (YoY)	14.69%	18.09%	43.17%	43.31%	40.45%
EPS (Basic)	-0.02	-0.04	-0.08	-0.21	-0.47
EPS (Diluted)	-0.02	-0.04	-0.08	-0.21	-0.47
Shares Outstanding	118.04	110.22	90.68	74.95	45.88
Free Cash Flow	-1.44	-2.95	-1.45	-7.49	-12.43
Free Cash Flow Per Share	-0.01	-0.03	-0.02	-0.13	-0.30
Gross Margin	53.91%	52.26%	45.38%	46.14%	21.33%
Operating Margin	-9.94%	-16.52%	-42.07%	-279.28%	-467.30%
Profit Margin	-9.85%	-12.35%	-44.24%	-358.49%	-503.60%
FCF Margin	-5.64%	-11.59%	-8.63%	-184.94%	-380.32%
EBITDA	-1.79	-3.35	-6.29	-10.42	-14.38
EBITDA Margin	-7.02%	-13.17%	-37.44%	-257.36%	-439.95%
EBIT	-2.53	-4.21	-7.06	-11.3	-15.28
EBIT Margin	-9.94%	-16.52%	-42.07%	-279.28%	-467.30%

Updated Apr 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.