NASDAQ : CGC
Canopy Growth Corporation — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · Canada
Last price 0.675 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 284.38M
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Financial statements
Canopy Growth Corporation (CGC) reported revenue of 293.63M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 293.63M | 284.60M | 269.00M | 297.15M | 333.25M | 475.70M |
| Cost of Revenue | 209.89M | 205.06M | 187.49M | 217.25M | 316.58M | 552.00M |
| Gross Profit | 83.75M | 79.55M | 81.50M | 79.90M | 16.67M | -76.30M |
| Selling, General & Admin | 140.97M | 138.51M | 150.10M | 194.66M | 309.83M | 447.29M |
| Operating Expenses | 146.69M | 142.78M | 145.90M | 208.84M | 335.15M | 493.97M |
| Operating Income | -62.94M | -63.23M | -64.39M | -128.95M | -318.48M | -570.27M |
| Interest Expense | -41.13M | -38.19M | -74.57M | -105.35M | -126.16M | -103.94M |
| Interest & Investment Income | 12.17M | 10.00M | 8.81M | 16.23M | 24.28M | 6.60M |
| Earnings From Equity Investments | -100.00K | |||||
| Currency Exchange Gain (Loss) | -1.26M | -624.00K | 1.49M | 704.00K | 1.82M | 3.11M |
| Other Non Operating Income (Expenses) | -27.07M | -57.81M | -310.25M | -191.35M | -145.30M | 847.65M |
| EBT Excluding Unusual Items | -120.23M | -149.86M | -438.91M | -408.71M | -563.85M | 183.06M |
| Merger & Restructuring Charges | -77.07M | -76.96M | -33.22M | -65.00M | -2.32B | -515.83M |
| Gain (Loss) on Sale of Investments | -2.92M | 535.00K | -252.15M | |||
| Gain (Loss) on Sale of Assets | 2.40M | -6.80M | ||||
| Other Unusual Items | -35.72M | -36.07M | -32.71M | -34.59M | 43.97M | 71.72M |
| Pretax Income | -233.02M | -262.88M | -507.76M | -507.77M | -3.09B | -267.86M |
| Income Tax Expense | -397.00K | 23.00K | 7.14M | 12.33M | -5.73M | -8.95M |
| Earnings From Continuing Operations | -232.63M | -262.91M | -514.90M | -520.09M | -3.08B | -258.91M |
| Earnings From Discontinued Operations | 6.02M | -173.59M | -199.62M | -55.51M | ||
| Net Income to Company | -232.63M | -262.91M | -508.88M | -693.68M | -3.28B | -314.42M |
| Minority Interest in Earnings | 1.90M | 4.37M | ||||
| Net Income | -232.63M | -262.91M | -508.88M | -693.68M | -3.28B | -310.04M |
| Net Income to Common | -232.63M | -262.91M | -508.88M | -693.68M | -3.28B | -310.04M |
| Shares Outstanding (Basic) | 356.53M | 298.04M | 107.55M | 74.79M | 46.37M | 39.13M |
| Shares Outstanding (Diluted) | 356.53M | 298.04M | 107.55M | 74.79M | 46.37M | 39.13M |
| EPS (Basic) | -0.65 | -0.88 | -4.73 | -9.28 | -70.69 | -7.92 |
| EPS (Diluted) | -0.65 | -0.88 | -4.73 | -9.28 | -70.69 | -7.92 |
| Free Cash Flow | -83.24M | -69.14M | -176.56M | -285.40M | -566.66M | -582.50M |
| Free Cash Flow Per Share | -0.23 | -0.23 | -1.64 | -3.82 | -12.22 | -14.88 |
| Gross Margin | 28.52% | 27.95% | 30.30% | 26.89% | 5.00% | -16.04% |
| Operating Margin | -21.44% | -22.22% | -23.94% | -43.40% | -95.57% | -119.88% |
| Profit Margin | -79.22% | -92.38% | -189.18% | -233.45% | -983.68% | -65.18% |
| Free Cash Flow Margin | -28.35% | -24.29% | -65.64% | -96.05% | -170.04% | -122.45% |
| EBITDA | -26.11M | -26.75M | -21.28M | -75.77M | -238.45M | -459.33M |
| EBITDA Margin | -8.89% | -9.40% | -7.91% | -25.50% | -71.55% | -96.56% |
| D&A For EBITDA | 36.84M | 36.47M | 43.12M | 53.18M | 80.03M | 110.94M |
| EBIT | -62.94M | -63.23M | -64.39M | -128.95M | -318.48M | -570.27M |
| EBIT Margin | -21.44% | -22.22% | -23.94% | -43.40% | -95.57% | -119.88% |
| Revenue as Reported | 293.63M | 284.60M | 269.00M | 297.15M | 333.25M | 475.70M |
| Advertising Expenses | 25.89M | 22.91M | 28.66M | 28.29M | 53.38M |
Balance sheet
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 336.62M | 364.68M | 113.81M | 170.30M | 667.69M | 776.00M |
| Short-Term Investments | 1.18M | 944.00K | 17.81M | 33.16M | 107.05M | 605.80M |
| Cash & Short-Term Investments | 337.81M | 365.63M | 131.62M | 203.46M | 774.74M | 1.38B |
| Accounts Receivable | 32.55M | 31.24M | 47.51M | 51.85M | 41.29M | 68.20M |
| Other Receivables | 10.04M | 5.05M | 5.27M | 27.17M | 18.38M | |
| Receivables | 42.59M | 36.29M | 52.78M | 51.85M | 68.46M | 86.58M |
| Inventory | 107.46M | 110.51M | 96.37M | 77.29M | 83.92M | 204.99M |
| Prepaid Expenses | 7.29M | 7.54M | 5.36M | 23.23M | 11.96M | 22.96M |
| Other Current Assets | 11.22M | 9.49M | 8.44M | 15.35M | 138.17M | 31.28M |
| Total Current Assets | 506.36M | 529.47M | 294.57M | 371.18M | 1.08B | 1.73B |
| Property, Plant & Equipment | 311.20M | 316.49M | 293.52M | 320.10M | 471.27M | 942.78M |
| Long-Term Investments | 60.83M | 44.11M | 35.29M | 188.37M | 208.62M | 336.15M |
| Goodwill | 55.69M | 55.69M | 46.04M | 43.24M | 85.56M | 1.87B |
| Other Intangible Assets | 88.48M | 92.41M | 87.20M | 104.05M | 160.75M | 252.69M |
| Other Long-Term Assets | 16.73M | 16.67M | 16.39M | 273.38M | 427.74M | 393.99M |
| Total Assets | 1.10B | 1.12B | 917.70M | 1.30B | 2.44B | 5.61B |
| Accounts Payable | 28.61M | 34.82M | 26.10M | 28.67M | 31.84M | 64.27M |
| Accrued Expenses | 21.45M | 19.68M | 16.43M | 54.04M | 33.29M | 32.51M |
| Current Portion of Long-Term Debt | 28.82M | 16.24M | 4.26M | 103.94M | 556.89M | 9.30M |
| Current Portion of Leases | 14.24M | 14.33M | 16.54M | 28.42M | 38.03M | |
| Current Income Taxes Payable | 16.61M | 14.40M | 13.07M | 5.73M | 7.14M | |
| Other Current Liabilities | 57.02M | 58.98M | 26.65M | 148.01M | 147.67M | 61.93M |
| Total Current Liabilities | 166.75M | 158.44M | 103.05M | 334.66M | 803.84M | 213.19M |
| Long-Term Debt | 211.38M | 217.12M | 299.81M | 493.29M | 749.99M | 1.49B |
| Long-Term Leases | 22.88M | 31.03M | 27.79M | 78.37M | 101.12M | |
| Long-Term Deferred Tax Liabilities | 7.92M | 8.20M | 15.99M | |||
| Other Long-Term Liabilities | 6.35M | 6.35M | 8.49M | 71.81M | 47.47M | 162.84M |
| Total Liabilities | 415.29M | 421.14M | 439.13M | 899.76M | 1.68B | 1.98B |
| Common Stock | 9.24B | 9.23B | 8.78B | 8.22B | 7.94B | 7.48B |
| Additional Paid-In Capital | 2.59B | 2.59B | 2.57B | 2.56B | 2.51B | 2.52B |
| Retained Earnings | -11.15B | -11.14B | -10.88B | -10.37B | -9.67B | -6.38B |
| Comprehensive Income & Other | 15.36M | 10.53M | 535.00K | -16.05M | -13.86M | -42.28M |
| Total Common Equity | 688.63M | 697.59M | 478.57M | 400.43M | 758.43M | 3.58B |
| Minority Interest | 139.00K | 1.59M | 36.84M | |||
| Shareholders' Equity | 688.63M | 697.59M | 478.57M | 400.57M | 760.02M | 3.62B |
| Total Liabilities & Equity | 1.10B | 1.12B | 917.70M | 1.30B | 2.44B | 5.61B |
| Total Debt | 277.33M | 278.71M | 348.40M | 597.23M | 1.41B | 1.64B |
| Net Cash (Debt) | 60.48M | 86.91M | -216.78M | -393.77M | -638.93M | -258.35M |
| Net Cash Per Share | 0.17 | 0.29 | -2.02 | -5.27 | -13.78 | -6.60 |
| Filing Date Shares Outstanding | 423.04M | 422.15M | 185.19M | 76.20M | 58.66M | 40.29M |
| Total Common Shares Outstanding | 423.02M | 422.07M | 183.87M | 91.12M | 51.73M | 39.44M |
| Working Capital | 339.61M | 371.02M | 191.52M | 36.52M | 273.41M | 1.51B |
| Book Value Per Share | 1.63 | 1.65 | 2.60 | 4.39 | 14.66 | 90.86 |
| Tangible Book Value | 544.47M | 549.50M | 345.32M | 253.13M | 512.12M | 1.46B |
| Tangible Book Value Per Share | 1.29 | 1.30 | 1.88 | 2.78 | 9.90 | 37.13 |
| Land | 5.30M | 5.29M | 4.99M | 16.78M | 18.92M | |
| Buildings | 313.65M | 313.23M | 304.89M | 413.83M | 766.93M | |
| Machinery | 93.41M | 92.52M | 82.14M | 98.92M | 211.49M | |
| Construction In Progress | 1.86M | 2.11M | 643.00K | 3.23M | 19.77M | |
| Leasehold Improvements | 7.54M | 7.52M | 3.18M | 13.65M | 69.30M |
Cash flow statement
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -232.63M | -262.91M | -508.88M | -693.68M | -3.28B | -310.04M |
| Depreciation & Amortization | 36.84M | 36.47M | 43.12M | 53.18M | 80.03M | 110.94M |
| Asset Writedown & Restructuring Costs | 58.11M | 58.05M | 20.29M | 53.80M | 2.17B | 332.95M |
| Loss (Gain) on Equity Investments | 100.00K | |||||
| Stock-Based Compensation | 5.72M | 4.27M | -4.21M | 14.18M | 25.32M | 46.69M |
| Other Operating Activities | 47.70M | 79.63M | 315.89M | 340.14M | 548.82M | -831.92M |
| Change in Accounts Receivable | 16.64M | 25.68M | -4.49M | -3.75M | 6.24M | 16.15M |
| Change in Inventory | 4.33M | 3.71M | -17.71M | 1.03M | 68.44M | 204.22M |
| Change in Accounts Payable | -11.95M | -4.35M | -15.48M | 9.12M | -28.24M | -42.96M |
| Change in Other Net Operating Assets | -3.24M | -4.37M | 5.72M | -2.43M | 12.53M | 27.59M |
| Operating Cash Flow | -78.48M | -63.81M | -165.75M | -281.95M | -557.55M | -545.81M |
| Capital Expenditures | -4.76M | -5.33M | -10.81M | -3.45M | -9.11M | -36.68M |
| Sale of Property, Plant & Equipment | 5.00K | 4.93M | 154.05M | 13.61M | 27.28M | |
| Cash Acquisitions | -41.54M | -41.54M | -14.95M | |||
| Divestitures | -6.97M | -955.00K | 14.93M | 118.15M | ||
| Sale (Purchase) of Intangibles | -437.00K | -620.00K | -467.00K | -547.00K | -1.34M | -11.43M |
| Investment in Securities | 18.22M | 19.00M | -78.91M | 78.20M | 435.44M | 166.60M |
| Other Investing Activities | 6.98M | 6.98M | 14.13M | 14.29M | -20.15M | -18.14M |
| Investing Cash Flow | -21.38M | -21.35M | -47.79M | 241.59M | 433.38M | 230.82M |
| Long-Term Debt Issued | 207.99M | 68.25M | 135.16M | |||
| Long-Term Debt Repaid | -221.51M | -289.03M | -509.78M | -118.18M | -50.76M | |
| Net Debt Issued (Repaid) | -12.60M | -13.52M | -220.78M | -509.78M | 16.98M | -50.76M |
| Issuance of Common Stock | 335.91M | 374.17M | 393.96M | 81.06M | 1.33M | 8.27M |
| Other Financing Activities | -23.83M | -28.24M | -24.52M | -36.34M | -38.01M | -3.04M |
| Financing Cash Flow | 299.48M | 332.41M | 148.66M | -465.06M | -19.69M | -45.53M |
| Foreign Exchange Rate Adjustments | 10.80M | 3.62M | 8.39M | -1.29M | 44.86M | -18.12M |
| Net Cash Flow | 210.42M | 250.87M | -56.49M | -506.71M | -99.00M | -378.65M |
| Free Cash Flow | -83.24M | -69.14M | -176.56M | -285.40M | -566.66M | -582.50M |
| Free Cash Flow Margin | -28.35% | -24.29% | -65.64% | -96.05% | -170.04% | -122.45% |
| Free Cash Flow Per Share | -0.23 | -0.23 | -1.64 | -3.82 | -12.22 | -14.88 |
| Levered Free Cash Flow | 7.19M | 16.14M | -202.93M | 63.91M | -87.03M | -203.60M |
| Unlevered Free Cash Flow | 32.89M | 40.01M | -156.32M | 129.75M | -8.18M | -138.64M |
| Cash Interest Paid | 31.68M | 29.02M | 64.90M | 98.12M | 131.82M | 119.25M |
| Cash Income Tax Paid | 1.73M | 144.00K | 655.00K | -4.16M | -4.33M | 1.34M |
| Change in Working Capital | 5.77M | 20.68M | -31.96M | 3.97M | 58.97M | 205.00M |
Ratios
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 290.65M | 357.33M | 146.36M | 784.57M | 897.97M | 2.99B |
| Enterprise Value | 247.37M | 273.97M | 359.31M | 1.16B | 1.30B | 3.22B |
| Last Close Price | 0.68 | 0.95 | 0.91 | 8.63 | 17.50 | 75.80 |
| PS Ratio | 1.41 | 1.75 | 0.78 | 3.58 | 3.65 | 7.86 |
| PB Ratio | 0.60 | 0.71 | 0.44 | 2.65 | 1.60 | 1.03 |
| P/TBV Ratio | 0.76 | 0.91 | 0.61 | 4.20 | 2.37 | 2.55 |
| EV/Sales Ratio | 1.20 | 1.34 | 1.92 | 5.28 | 5.27 | 8.45 |
| Debt / Equity Ratio | 0.40 | 0.40 | 0.73 | 1.49 | 1.86 | 0.45 |
| Net Debt / Equity Ratio | -0.09 | -0.12 | 0.45 | 0.98 | 0.84 | 0.07 |
| Net Debt / EBITDA Ratio | 2.32 | 3.25 | -10.19 | -5.20 | -2.68 | -0.56 |
| Net Debt / FCF Ratio | 0.73 | 1.26 | -1.23 | -1.38 | -1.13 | -0.44 |
| Asset Turnover | 0.29 | 0.28 | 0.24 | 0.16 | 0.08 | 0.08 |
| Inventory Turnover | 2.09 | 1.98 | 2.16 | 2.69 | 2.19 | 1.92 |
| Quick Ratio | 2.28 | 2.54 | 1.79 | 0.76 | 1.05 | 6.89 |
| Current Ratio | 3.04 | 3.34 | 2.86 | 1.11 | 1.34 | 8.10 |
| Return on Equity (ROE) | -39.51% | -44.71% | -117.14% | -89.63% | -140.65% | -7.15% |
| Return on Assets (ROA) | -3.92% | -3.88% | -3.63% | -4.31% | -4.95% | -5.73% |
| Return on Capital Employed (ROCE) | -6.70% | -6.60% | -7.90% | -13.40% | -19.50% | -10.60% |
| Earnings Yield | -68.52% | -52.71% | -241.89% | -65.29% | -269.82% | -8.30% |
| FCF Yield | -20.48% | -13.86% | -83.93% | -26.86% | -46.64% | -15.59% |
| Buyback Yield / Dilution | -164.44% | -177.11% | -43.81% | -61.28% | -18.50% | -5.29% |