Slow Bull
The market, slowly. SATURDAY, 26 SEPTEMBER 2026

SNDL Inc.

SNDL Nasdaq SEC CIK 1766600
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Financials

Reported figures only · latest: Q4 2025 CAD · IFRS
EPS, diluted -

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, IFRS
Revenue and net income8 fiscal years
  • Revenue
  • Net income
−CAD 500MCAD 0CAD 500MCAD 1BFY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearRevenueNet income
FY25CAD 946.4M−CAD 15.8M
FY24CAD 920.4M−CAD 94.8M
FY23CAD 909M−CAD 172.7M
FY22CAD 712.2M−CAD 335.1M
FY21CAD 56.1M−CAD 227M
FY20CAD 60.9M−CAD 233.2M
FY19CAD 63.6M−CAD 271.5M
FY18-−CAD 13M
MarginsShare of revenue
  • Gross margin
  • Operating margin
  • Net margin
−600%−400%−200%0%200%FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearGross marginOperating marginNet margin
FY2527.3%−0.7%−1.7%
FY2426.1%−11.3%−10.3%
FY2320.9%−18%−19%
FY2219.7%−48.8%−47.1%
FY21−16%−239.4%−404.4%
FY20−81.9%−304.4%−382.9%
FY1957.4%−82.4%−427.1%
FY18---
Free cash flowOperating cash flow minus capital expenditure
−CAD 300M−CAD 200M−CAD 100MCAD 0CAD 100MFY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearFree cash flow
FY25CAD 58.1M
FY24CAD 46.3M
FY23−CAD 24.5M
FY22−CAD 17.4M
FY21−CAD 159.5M
FY20−CAD 60.5M
FY19−CAD 223M
FY18−CAD 12.8M
Returned to shareholdersDividends paid and shares bought back
CAD 0CAD 5MCAD 10MCAD 15MCAD 20MFY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearBuybacks
FY25CAD 15.3M
FY24CAD 13.2M
FY23CAD 1.5M
FY22CAD 13.4M
FY21CAD 0
FY20CAD 0
FY19-
FY18-
Net margin vs the sectorMedian of Healthcare companies filing with the SEC
  • SNDL
  • Healthcare median
−600%−400%−200%0%FY18FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearSNDLHealthcare median
FY25−1.7%−63.2%
FY24−10.3%−86.4%
FY23−19%−123.6%
FY22−47.1%−138.2%
FY21−404.4%−139.8%
FY20−382.9%−143.7%
FY19−427.1%−143.3%
FY18-−173.4%

News

No stories filed under SNDL yet - coverage appears here as the news feed clusters it.