SNDL Inc. (SNDL)

NASDAQ: SNDL · Real-Time Price · USD

1.340

0.00 (0.00%)

At close: Sep 11, 2026, 4:00 PM EDT

1.340

0.00 (0.01%)

After-hours: Sep 11, 2026, 7:30 PM EDT

SNDL Inc. Financials Overview

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

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	928.39	946.4	920.45	909.01	712.2	56.13
Revenue Growth	-1.68%	2.82%	1.26%	27.63%	1168.88%	-7.86%
Gross Profit	243.57	258.65	240.33	190.42	140.38	-9
Operating Income	-15.77	-4.42	-33.55	-100.3	-61.27	-72.13
Net Income	-21.69	-15.77	-94.8	-172.66	-335.11	-226.98
Earnings Per Share	-0.08	-0.06	-0.36	-0.67	-1.46	-1.22
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cannabis Retail	328.85	330.24	311.69	289.98	205.61	16.09
Cannabis Operations	136.17	144.66	109.47	87.07	44.41	40.04
Liquor Retail	527.02	539.63	555.26	578.9	462.18	-
Intersegment Eliminations	-63.65	-68.13	-55.97	-	-	-
Total	928.39	946.4	920.45	909.01	712.2	56.13

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	183.61	252.81	246.06	198.67	308.06	645.04
Total Debt	166.38	169.93	152.27	167.03	169.83	33.47
Net Cash (Debt)	17.23	82.88	93.79	31.64	138.23	611.57
Net Cash Growth	-70.47%	-11.63%	196.44%	-77.11%	-77.40%	937.68%
Net Cash Per Share	0.07	0.32	0.35	0.12	0.60	3.29

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	64.18	70.92	54.91	-16.65	-6.71	-155.75
Capital Expenditures	-13.57	-12.81	-8.62	-7.85	-10.67	-3.79
Free Cash Flow	50.61	58.11	46.3	-24.49	-17.38	-159.55
Free Cash Flow Growth	-2.92%	25.50%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	26.24%	27.33%	26.11%	20.95%	19.71%	-16.04%
Operating Margin	-1.70%	-0.47%	-3.65%	-11.03%	-8.60%	-128.50%
Pretax Margin	-2.68%	-1.67%	-11.47%	-18.92%	-53.32%	-418.15%
Profit Margin	-2.34%	-1.67%	-10.30%	-18.99%	-47.05%	-404.40%
FCF Margin	5.45%	6.14%	5.03%	-2.69%	-2.44%	-284.25%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	-	32.69	171.70	37.67	127.44	81.00
P/FCF Ratio	9.12	10.09	14.77	-	-	-
PS Ratio	0.51	0.62	0.74	0.62	0.94	26.81