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Stocks · Health care · Medicinal Chemicals & Botanical Products

SNDL Inc.

SNDL Clue Score51
Alberta, Canada Fiscal year ends December CIK 0001766600
$1.16 -0.85% Close, 13 Oct 2026
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Price $1.16 +75.09% Close, 13 Oct 2026

Closing prices at the end of each trading day, from 1 Aug 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Operating income−12.9Net income−13.0Fiscal year 2019Revenue63.6Operating income−52.4Net income−271.5Fiscal year 2020Revenue60.9 −4.2%Operating income−185.4Net income−233.2Fiscal year 2021Revenue56.1 −7.9%Operating income−134.4Net income−227.0Fiscal year 2022Revenue712.2 +1,168.9%Operating income−347.8Net income−335.1EPS, diluted−1.46Fiscal year 2023Revenue909.0 +27.6%Operating income−163.2Net income−172.7EPS, diluted−0.67Fiscal year 2024Revenue920.4 +1.3%Operating income−103.8Net income−94.8EPS, diluted−0.36Fiscal year 2025Revenue946.4 +2.8%Operating income−6.3Net income−15.8EPS, diluted−0.06
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a 63.6 60.9 56.1 712.2 909.0 920.4 946.4
Growth −4.2% −7.9% +1,168.9% +27.6% +1.3% +2.8%
Operating income −12.9 −52.4 −185.4 −134.4 −347.8 −163.2 −103.8 −6.3
Net income −13.0 −271.5 −233.2 −227.0 −335.1 −172.7 −94.8 −15.8
Growth
EPS, diluted n/a n/a n/a n/a −1.46 −0.67 −0.36 −0.06
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Fiscal year 2019Gross margin57.4%Operating margin−82.4%Net margin−427.1%Free cash flow margin−350.8%Fiscal year 2020Gross margin−81.9%Operating margin−304.4%Net margin−382.9%Free cash flow margin−99.3%Fiscal year 2021Gross margin−16.0%Operating margin−239.4%Net margin−404.4%Free cash flow margin−284.3%Fiscal year 2022Gross margin19.7%Operating margin−48.8%Net margin−47.1%Free cash flow margin−2.4%Fiscal year 2023Gross margin20.9%Operating margin−18.0%Net margin−19.0%Free cash flow margin−2.7%Fiscal year 2024Gross margin26.1%Operating margin−11.3%Net margin−10.3%Free cash flow margin5.0%Fiscal year 2025Gross margin27.3%Operating margin−0.7%Net margin−1.7%Free cash flow margin6.1%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 57.4% −81.9% −16.0% 19.7% 20.9% 26.1% 27.3%
Operating margin n/a −82.4% −304.4% −239.4% −48.8% −18.0% −11.3% −0.7%
Net margin n/a −427.1% −382.9% −404.4% −47.1% −19.0% −10.3% −1.7%
Free cash flow margin n/a −350.8% −99.3% −284.3% −2.4% −2.7% 5.0% 6.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−5.2Capital expenditure−7.6Free cash flow−12.8Fiscal year 2019Operating cash flow−112.7Capital expenditure−110.3Free cash flow−223.0Fiscal year 2020Operating cash flow−57.5Capital expenditure−3.0Free cash flow−60.5Buybacks0.0Fiscal year 2021Operating cash flow−155.8Capital expenditure−3.8Free cash flow−159.5Buybacks0.0Fiscal year 2022Operating cash flow−6.7Capital expenditure−10.7Free cash flow−17.4Buybacks−13.4Fiscal year 2023Operating cash flow−16.6Capital expenditure−7.8Free cash flow−24.5Buybacks−1.5Fiscal year 2024Operating cash flow54.9Capital expenditure−8.6Free cash flow46.3Buybacks−13.2Fiscal year 2025Operating cash flow70.9Capital expenditure−12.8Free cash flow58.1 +25.5%Buybacks−15.3
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −5.2 −112.7 −57.5 −155.8 −6.7 −16.6 54.9 70.9
Capital expenditure −7.6 −110.3 −3.0 −3.8 −10.7 −7.8 −8.6 −12.8
Free cash flow −12.8 −223.0 −60.5 −159.5 −17.4 −24.5 46.3 58.1
Growth +25.5%
Buybacks n/a n/a 0.0 0.0 −13.4 −1.5 −13.2 −15.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2018Cash and securities7.7Shareholders’ equity13.7Fiscal year 2019Cash and securities45.3Total debt177.9Net cash (debt)−132.6Shareholders’ equity216.5Debt to equity0.82Fiscal year 2020Cash and securities60.4Shareholders’ equity271.7Fiscal year 2021Cash and securities558.3Shareholders’ equity1,329.3Fiscal year 2022Cash and securities279.6Shareholders’ equity1,306.5Fiscal year 2023Cash and securities195.0Shareholders’ equity1,212.1Fiscal year 2024Cash and securities218.4Shareholders’ equity1,133.4Fiscal year 2025Cash and securities252.2Shareholders’ equity1,101.2
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 7.7 45.3 60.4 558.3 279.6 195.0 218.4 252.2
Total debt n/a 177.9 n/a n/a n/a n/a n/a n/a
Net cash (debt) n/a −132.6 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 13.7 216.5 271.7 1,329.3 1,306.5 1,212.1 1,133.4 1,101.2
Debt to equity n/a 0.82 n/a n/a n/a n/a n/a n/a

In millions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of CAD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 28 Feb 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021† 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
7.7 45.3 60.4 558.3 279.6 195.0 218.4 252.2
n/a 59.9 25.6 29.5 127.8 129.1 127.9 126.9
n/a 282.0 116.9 56.5 143.4 152.9 145.8 151.9
n/a 11.4 n/a 72.5 67.3 119.3 124.2 124.2
n/a 510.0 294.9 1,427.7 1,559.4 1,473.2 1,349.2 1,335.9
Growth −42.2% +384.2% +9.2% −5.5% −8.4% −1.0%
Liabilities
n/a 177.9 n/a n/a n/a n/a n/a n/a
calc n/a 177.9 n/a n/a n/a n/a n/a n/a
n/a 288.8 25.2 98.1 231.7 243.8 215.9 234.7
Equity
n/a −360.3 −558.1 −785.1 −1,092.0 −1,260.9 −1,324.0 −1,302.4
13.7 216.5 271.7 1,329.3 1,306.5 1,212.1 1,133.4 1,101.2
Growth +1,479.0% +25.5% +389.3% −1.7% −7.2% −6.5% −2.8%
Per share and net cash
calc n/a −132.6 n/a n/a n/a n/a n/a n/a
n/a 107.2 918.8 2,060 235.2 262.8 263.0 263.4
calc n/a 2.02 0.30 0.65 5.55 4.61 4.31 4.18

† The number of shares outstanding jumps at 2020 and 2021 and 2022, so per-share figures either side of that column are not comparable. Usually a split. This count is a different filed figure from the diluted average on the income statement, so it can break in a different year.

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CAD as filed; the screener converts to dollars.