SNDLNasdaqMedicinal Chemicals & Botanical ProductsFiscal year ends December 31
SNDL Inc.
Financials through fiscal 2026, year ended Dec 31, 2025Last filing: 40-F on Mar 12, 2026
$1.25+0.00 (+0.40%)
Close on Oct 19, 2026
SNDL Inc. revenue by segment
By business segment
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Liquor Retail | C$539.63M | C$555.26M | C$578.90M | C$462.18M | – | – | – | 57.0% | -2.8% |
| Cannabis | C$406.77M | C$365.19M | – | – | C$40.04M | – | – | 43.0% | +11.4% |
| Cannabis Retail | C$330.24M | C$311.69M | C$289.98M | C$205.61M | C$16.09M | – | – | 34.9% | +6.0% |
| Cannabis Operations | C$144.66M | C$109.47M | C$87.07M | C$44.41M | C$40.04M | – | – | 15.3% | +32.1% |
| Investments | – | – | – | – | C$0 | – | – | – | – |
| Retail | – | – | – | – | C$16.09M | – | – | – | – |
| Operating income | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | YoY |
|---|---|---|---|---|---|---|---|---|
| Liquor Retail | C$36.52M | C$34.78M | C$24.66M | C$20.62M | – | – | – | +5.0% |
| Cannabis Retail | C$30.33M | -C$1.74M | C$4.84M | -C$180.96M | – | – | – | -1841.2% |
| Cannabis | C$28.58M | C$921.00K | – | – | – | – | – | +3002.9% |
| Investments | C$4.21M | -C$50.01M | C$11.75M | -C$91.28M | – | – | – | -108.4% |
| Cannabis Operations | -C$1.75M | C$2.66M | -C$112.74M | -C$29.37M | – | – | – | -165.9% |
By product or service
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Liquor retail revenue | C$539.63M | C$555.26M | C$578.90M | C$462.18M | C$0 | C$0 | – | 57.0% | -2.8% |
| Cannabis retail revenue | C$330.24M | C$311.69M | C$289.98M | C$205.61M | C$16.09M | C$0 | – | 34.9% | +6.0% |
| Cannabis operations revenue | C$133.06M | C$108.47M | C$88.85M | C$61.90M | – | – | – | 14.1% | +22.7% |
| Cannabis [Member] | – | – | – | C$61.90M | C$51.19M | C$73.32M | C$66.93M | – | – |
| Ornamental Flowers | – | – | – | – | – | – | C$12.30M | – | – |
| Vapes | – | – | – | – | – | C$18.45M | C$504.00K | – | – |
| Dried Flower | – | – | – | – | – | C$51.42M | C$58.25M | – | – |
| Oil | – | – | – | – | – | C$3.15M | C$8.18M | – | – |
| Edibles | – | – | – | – | – | C$263.00K | – | – | – |
| Concentrates | – | – | – | – | – | C$42.00K | – | – | – |
| Retail revenue [Member] | – | – | – | – | C$16.09M | – | – | – | – |
| Cannabis operations revenue, net of intersegment elimination | – | C$108.47M | C$88.85M | – | – | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of SNDL's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.