SNDL Inc. (SNDL) — Financial statements
Income statement, balance sheet, and cash flow for SNDL Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 946↑2.8% | 920↑1.3% | 909↑27.6% | 712↑1168.9% | 56 | |
| Cost of Revenue | 688↑1.1% | 680↓5.4% | 719↑25.7% | 572↑778.0% | 65 | |
| Gross Profit | 259↑7.6% | 240↑26.2% | 190↑35.6% | 140↑1659.5% | -9 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.49↑41.3% | 0.35↑6.8% | 0.32↓86.8% | 2↑0.1% | 2 | |
| General & Administrative Expenses | 196↓5.4% | 207↓3.6% | 215↑43.6% | 150↑197.6% | 50 | |
| Selling & Marketing Expenses | 15↑21.3% | 12↓20.2% | 15↑78.7% | 8↑66.9% | 5 | |
| SG&A Expenses | 211↓3.9% | 219↓4.7% | 230↑45.4% | 158↑185.7% | 55 | |
| Other Expenses | 52↓58.3% | 125↑1.2% | 123↓62.4% | 327↑384.8% | 68 | |
| Operating Expenses | 263↓23.6% | 344↓2.7% | 354↓27.6% | 488↑289.4% | 125 | |
| Total Costs & Expenses | 951↓7.2% | 1,024↓4.5% | 1,072↑1.2% | 1,060↑456.4% | 191 | |
| Operating Results | ||||||
| Operating Income | -4↑95.7% | -104↑36.4% | -163↑53.1% | -348↓158.8% | -134 | |
| Depreciation & Amortization | 56↓0.8% | 57↓12.7% | 65↑37.2% | 47↑365.6% | 10 | |
| EBITDA | 48↑216.5% | -41↑58.4% | -99↑69.6% | -327↓45.9% | -224 | |
| EBIT | -8↑91.6% | -98↑40.3% | -164↑56.1% | -374↓59.8% | -234 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.53↓93.9% | 9↑16.8% | 7↓36.4% | 12↓9.5% | 13 | |
| Interest Income | 8↓50.9% | 16↑6.7% | 15↓12.8% | 18↑28.4% | 14 | |
| Interest Expense | 8↓2.3% | 8↓2.8% | 8↑34.2% | 6↑660.7% | 0.78 | |
| Non-Operating Income | 4↑165.0% | -6↓738.4% | 0.92↓96.5% | 26↓73.8% | 100 | |
| Other Income / Expenses | -11↓531.4% | -2↑79.7% | -9↑72.4% | -32↑68.1% | -100 | |
| Income Before Tax | -16↑85.1% | -106↑38.6% | -172↑54.7% | -380↓61.8% | -235 | |
| Income Tax Expense | 0.00↑100.0% | -9 | 0.00↑100.0% | -7↑7.2% | -8 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -16↑83.6% | -96↑44.1% | -172↑53.8% | -372↓64.2% | -227 | |
| Net Income from Discontinued Operations | 0.00 | 0.00↑100.0% | -5 | 0.00 | 0.00 | |
| Net Income | -16↑83.4% | -95↑45.1% | -173↑48.5% | -335↓47.6% | -227 | |
| Bottom-Line Net Income | -16↑83.4% | -95↑45.1% | -173↑48.5% | -335↓47.6% | -227 | |
| EPS (Basic) | -0.06↑84.1% | -0.38↑41.6% | -0.65↑57.0% | -1.50↓21.0% | -1.24 | |
| EPS (Diluted) | -0.06↑84.1% | -0.38↑41.6% | -0.65↑57.0% | -1.50↓21.0% | -1.24 | |
| Weighted Average Shares | 258↓2.3% | 264↑1.9% | 259↑12.8% | 230↑23.6% | 186 | |
| Weighted Average Diluted Shares | 258↓2.3% | 264↑1.9% | 259↑12.8% | 230↑23.6% | 186 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.