For the twelve months ended Sep 30, 2026, Canopy Growth Corporation reported C$407.88M of revenue and -C$268.34M of net income. Figures are in CAD, the currency of its SEC filings.
CGC revenue was C$99.51M in fiscal Q2 2027 (ended Sep 30, 2026), up 19.9% from a year earlier and down 0.9% from the prior quarter. For the full fiscal 2026 it was C$346.83M, up 10.5% from fiscal 2025. Compound annual growth was -10.6% over 5 years. It rose in 2 of the last 6 fiscal years.
CGC net income was -C$40.69M in fiscal Q2 2027 (ended Sep 30, 2026), compared with -C$4.98M a year earlier. For the full fiscal 2026 it was -C$262.91M, compared with -C$508.88M in fiscal 2025.
CGC diluted EPS was -C$0.10 in fiscal Q2 2027 (ended Sep 30, 2026). For the full fiscal 2026 it was -C$0.88.
CGC free cash flow was -C$15.55M in fiscal Q2 2027 (ended Sep 30, 2026), compared with -C$19.20M a year earlier. For the full fiscal 2026 it was -C$69.14M, compared with -C$176.56M in fiscal 2025.
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$346.83M | C$313.97M | C$343.93M | C$381.25M | C$537.59M | C$607.20M | C$439.63M | C$77.95M | C$39.90M |
| Cost of revenue | C$214.93M | C$189.48M | C$216.26M | C$396.78M | C$663.11M | C$479.69M | C$430.46M | C$44.96M | - |
| Gross profit | C$69.67M | C$79.51M | C$80.88M | -C$63.53M | -C$187.41M | C$66.96M | -C$31.68M | C$32.99M | C$38.71M |
| Research and development | C$2.61M | C$2.74M | C$4.61M | C$21.72M | C$32.26M | C$57.58M | C$61.81M | C$2.05M | C$810.0K |
| Selling, general and admin | C$159.98M | C$169.63M | C$229.43M | C$342.52M | C$415.44M | C$575.39M | C$693.74M | C$103.48M | C$16.86M |
| Operating income | -C$161.66M | -C$117.14M | -C$228.71M | -C$2.63B | -C$1.02B | -C$1.24B | -C$1.67B | -C$119.60M | -C$14.08M |
| Interest expense | C$38.19M | C$74.57M | C$105.35M | C$126.16M | C$103.94M | C$8.46M | C$6.72M | C$784.0K | - |
| Pre-tax income | -C$262.88M | -C$507.76M | -C$507.77M | -C$3.09B | -C$267.86M | -C$1.68B | -C$1.51B | -C$51.46M | -C$10.28M |
| Income tax | C$23.0K | C$7.14M | C$12.33M | -C$5.73M | -C$8.95M | -C$13.14M | -C$121.61M | -C$392.0K | -C$2.70M |
| Net income | -C$262.91M | -C$508.88M | -C$693.68M | -C$3.28B | -C$310.04M | -C$1.74B | -C$1.32B | -C$67.28M | -C$7.57M |
| EPS, basic | -C$0.88 | -C$4.73 | -C$9.27 | -C$70.69 | -C$7.92 | -C$46.90 | -C$38.00 | -C$3.80 | - |
| EPS, diluted | -C$0.88 | -C$4.73 | -C$9.27 | -C$70.69 | -C$7.92 | -C$46.90 | -C$38.00 | -C$3.80 | - |
| Diluted shares | 298.0M | 107.6M | 74.8M | 46.4M | 39.1M | 37.2M | 34.8M | 17.7M | 11.9M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | C$364.68M | C$113.81M | C$170.30M | C$667.69M | C$776.00M | C$1.15B | C$1.30B | C$322.56M | C$101.80M |
| Short-term investments | C$0 | C$17.66M | C$33.16M | C$105.53M | C$595.65M | C$1.14B | C$673.32M | - | - |
| Receivables | C$31.24M | C$47.51M | C$44.94M | C$41.29M | C$68.20M | C$67.11M | C$51.17M | C$21.43M | C$5.82M |
| Inventory | C$110.51M | C$96.37M | C$77.29M | C$83.23M | C$204.54M | C$367.98M | C$391.09M | C$101.61M | C$45.98M |
| Current assets | C$529.47M | C$294.57M | C$371.18M | C$1.08B | C$1.73B | C$2.84B | C$2.56B | C$481.78M | C$178.79M |
| Goodwill | C$55.69M | C$46.04M | C$43.24M | C$55.69M | C$1.81B | C$1.89B | C$1.95B | C$277.44M | C$241.37M |
| Total assets | C$1.12B | C$917.70M | C$1.30B | C$2.44B | C$5.61B | C$6.82B | C$6.86B | C$1.44B | C$702.72M |
| Current liabilities | C$158.44M | C$103.05M | C$334.66M | C$803.84M | C$213.19M | C$284.33M | C$420.59M | C$92.03M | C$17.66M |
| Short-term debt | C$16.24M | C$4.26M | C$103.94M | C$556.89M | C$9.30M | C$9.83M | C$16.39M | - | - |
| Long-term debt | C$217.12M | C$299.81M | C$493.29M | C$749.99M | C$1.49B | C$1.57B | C$449.02M | C$6.87M | C$8.64M |
| Total debt | C$233.36M | C$304.07M | C$597.23M | C$1.31B | C$1.50B | C$1.58B | C$465.42M | C$6.87M | C$8.64M |
| Total liabilities | C$421.14M | C$439.13M | C$899.76M | C$1.68B | C$1.98B | C$3.20B | C$1.68B | C$193.58M | C$62.99M |
| Shareholders' equity | C$697.59M | C$478.57M | C$400.43M | C$760.02M | C$3.59B | C$3.49B | C$5.11B | C$1.13B | C$596.16M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -C$63.81M | -C$165.75M | -C$281.95M | -C$557.55M | -C$545.81M | -C$465.73M | -C$772.63M | -C$81.51M | -C$27.09M |
| Capital expenditures | C$5.33M | C$10.81M | C$3.45M | C$9.11M | C$36.68M | C$164.50M | C$704.94M | C$175.96M | C$29.39M |
| Free cash flow | -C$69.14M | -C$176.56M | -C$285.40M | -C$566.66M | -C$582.50M | -C$630.23M | -C$1.48B | -C$257.47M | -C$56.48M |
| Investing cash flow | -C$21.35M | -C$47.79M | C$241.59M | C$433.38M | C$230.82M | -C$884.11M | -C$347.65M | -C$223.58M | -C$18.60M |
| Financing cash flow | C$332.41M | C$148.66M | -C$465.06M | -C$19.69M | -C$45.53M | C$1.26B | -C$57.16M | C$525.85M | C$132.10M |
| Stock-based compensation | C$4.27M | -C$4.21M | C$14.18M | C$25.32M | C$46.69M | C$91.15M | C$320.28M | C$49.11M | C$10.04M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 10.5% | -8.7% | -9.8% | -29.1% | -11.5% | 38.1% | - | 95.4% | - |
| Gross margin | 20.1% | 25.3% | 23.5% | -16.7% | -34.9% | 11.0% | -7.2% | 42.3% | 97.0% |
| Operating margin | -46.6% | -37.3% | -66.5% | -690.0% | -189.5% | -204.8% | -379.6% | -153.4% | -35.3% |
| Net margin | -75.8% | -162.1% | -201.7% | -859.8% | -57.7% | -287.4% | -300.6% | -86.3% | -19.0% |
| Free cash flow margin | -19.9% | -56.2% | -83.0% | -148.6% | -108.4% | -103.8% | -336.1% | -330.3% | -141.6% |
| Return on equity | -37.7% | -106.3% | -173.2% | -431.3% | -8.6% | -50.0% | -25.9% | -6.0% | -1.3% |
| Return on assets | -23.5% | -55.5% | -53.3% | -134.4% | -5.5% | -25.6% | -19.3% | -4.7% | -1.1% |
| Current ratio | 3.34 | 2.86 | 1.11 | 1.34 | 8.10 | 9.98 | 6.10 | 5.24 | 10.12 |
| Debt to equity | 0.33 | 0.64 | 1.49 | 1.72 | 0.42 | 0.45 | 0.09 | 0.01 | 0.01 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$99.51M | C$100.36M | C$133.47M | C$74.54M | C$83.00M | C$88.75M | C$110.00M | C$74.76M | C$62.99M | C$66.21M | C$119.58M | C$78.50M |
| Cost of revenue | C$58.02M | C$58.93M | C$62.98M | C$53.08M | C$44.78M | C$54.10M | C$54.49M | C$50.66M | C$41.15M | C$43.18M | C$57.32M | C$50.28M |
| Gross profit | C$23.36M | C$22.24M | C$8.26M | C$21.47M | C$21.91M | C$18.04M | C$10.54M | C$24.10M | C$21.84M | C$23.03M | C$15.47M | C$28.23M |
| Selling, general and admin | C$39.69M | C$40.22M | C$41.14M | C$44.44M | C$36.30M | C$38.11M | C$38.45M | C$41.48M | C$41.73M | C$47.97M | C$54.62M | C$54.44M |
| Operating income | -C$22.96M | -C$22.11M | -C$95.79M | -C$26.35M | -C$16.89M | -C$22.62M | -C$18.27M | -C$23.82M | -C$45.94M | -C$29.11M | -C$106.74M | -C$60.32M |
| Interest expense | C$13.02M | C$12.68M | C$12.31M | C$7.34M | C$8.80M | C$9.74M | C$15.38M | C$16.77M | C$21.28M | C$21.14M | C$21.13M | C$24.62M |
| Pre-tax income | -C$41.49M | -C$14.71M | -C$155.57M | -C$57.98M | -C$4.76M | -C$44.57M | -C$196.34M | -C$97.77M | -C$111.92M | -C$101.73M | -C$152.27M | -C$220.22M |
| Income tax | -C$800.0K | -C$129.0K | -C$850.0K | C$368.0K | C$214.0K | C$291.0K | C$329.0K | C$316.0K | C$302.0K | C$6.19M | -C$1.44M | -C$1.08M |
| Net income | -C$40.69M | -C$14.58M | -C$154.72M | -C$58.34M | -C$4.98M | -C$44.86M | -C$195.96M | -C$98.08M | -C$108.96M | -C$105.88M | -C$148.50M | -C$205.66M |
| EPS, basic | -C$0.10 | -C$0.03 | - | -C$0.17 | -C$0.02 | -C$0.24 | - | -C$0.89 | -C$1.26 | -C$1.33 | - | -C$2.49 |
| EPS, diluted | -C$0.10 | -C$0.03 | - | -C$0.17 | -C$0.02 | -C$0.24 | - | -C$0.89 | -C$1.26 | -C$1.33 | - | -C$2.49 |
| Diluted shares | 423.1M | 422.3M | - | 345.5M | 274.0M | 188.3M | - | 110.3M | 86.8M | 79.2M | - | 82.9M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | C$247.34M | C$336.63M | C$364.68M | C$371.32M | C$298.06M | C$126.20M | C$113.81M | C$161.91M | C$228.42M | C$192.16M | C$170.30M | C$142.75M |
| Short-term investments | C$72.45M | - | C$0 | C$0 | C$0 | C$17.43M | C$17.66M | C$16.43M | C$2.81M | C$2.77M | C$33.16M | C$43.44M |
| Receivables | C$31.74M | C$32.55M | C$31.24M | C$29.00M | C$24.56M | C$47.97M | C$47.51M | C$44.39M | C$36.52M | C$43.51M | C$44.94M | C$50.96M |
| Inventory | C$105.09M | C$107.46M | C$110.51M | C$105.56M | C$102.37M | C$93.82M | C$96.37M | C$90.75M | C$90.09M | C$84.52M | C$77.29M | C$86.92M |
| Current assets | C$480.78M | C$506.36M | C$529.47M | C$524.67M | C$445.82M | C$303.36M | C$294.57M | C$341.08M | C$391.67M | C$357.79M | C$371.18M | C$397.28M |
| Goodwill | C$55.69M | C$55.69M | C$55.69M | C$47.52M | C$48.24M | C$47.38M | C$46.04M | C$44.09M | C$44.53M | C$43.37M | C$43.24M | C$85.24M |
| Total assets | C$1.06B | C$1.10B | C$1.12B | C$1.11B | C$1.07B | C$904.67M | C$917.70M | C$1.16B | C$1.23B | C$1.29B | C$1.30B | C$1.36B |
| Current liabilities | C$170.61M | C$166.75M | C$158.44M | C$109.33M | C$96.42M | C$110.65M | C$103.05M | C$130.50M | C$326.64M | C$232.40M | C$334.66M | C$230.87M |
| Short-term debt | C$43.13M | C$28.82M | C$16.24M | C$0 | C$1.85M | C$6.31M | C$4.26M | C$3.17M | C$137.92M | C$2.46M | C$103.94M | C$91.34M |
| Long-term debt | C$202.73M | C$211.38M | C$217.12M | C$224.99M | C$226.33M | C$289.00M | C$299.81M | C$438.40M | C$415.93M | C$558.49M | C$493.29M | C$520.74M |
| Total debt | C$245.86M | C$240.20M | C$233.36M | C$224.99M | C$228.18M | C$295.30M | C$304.07M | C$441.57M | C$553.85M | C$560.95M | C$597.23M | C$612.07M |
| Total liabilities | C$407.48M | C$415.29M | C$421.14M | C$359.06M | C$349.14M | C$427.68M | C$439.13M | C$606.22M | C$768.03M | C$819.11M | C$899.76M | C$824.61M |
| Shareholders' equity | C$650.32M | C$688.63M | C$697.59M | C$747.13M | C$720.69M | C$477.00M | C$478.57M | C$558.00M | C$464.31M | C$467.12M | C$400.43M | C$535.00M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -C$12.57M | -C$25.01M | -C$18.25M | -C$17.24M | -C$17.98M | -C$10.34M | -C$33.15M | -C$26.97M | -C$53.85M | -C$51.78M | -C$22.06M | -C$32.57M |
| Capital expenditures | C$2.98M | C$737.0K | C$1.00M | C$1.80M | C$1.23M | C$1.31M | C$3.09M | C$1.22M | C$2.59M | C$3.92M | C$249.0K | C$564.0K |
| Free cash flow | -C$15.55M | -C$25.75M | -C$19.25M | -C$19.04M | -C$19.20M | -C$11.64M | -C$36.24M | -C$28.18M | -C$56.44M | -C$55.70M | -C$22.31M | -C$33.13M |
| Investing cash flow | -C$75.17M | -C$737.0K | -C$42.65M | C$5.27M | C$16.73M | -C$705.0K | -C$1.00M | -C$14.79M | C$1.04M | -C$33.03M | C$39.48M | -C$611.0K |
| Financing cash flow | -C$498.0K | -C$7.47M | C$46.61M | C$91.34M | C$169.00M | C$25.46M | -C$15.96M | -C$30.10M | C$88.94M | C$105.78M | C$8.47M | -C$66.23M |
| Stock-based compensation | C$4.03M | C$1.36M | C$1.47M | C$888.0K | C$2.01M | -C$99.0K | -C$18.74M | C$5.16M | C$5.22M | C$4.15M | C$4.05M | C$3.69M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 19.9% | 13.1% | 21.3% | -0.3% | 31.8% | 34.0% | -8.0% | -4.8% | -9.5% | -25.3% | 51.6% | -19.1% |
| Gross margin | 23.5% | 22.2% | 6.2% | 28.8% | 26.4% | 20.3% | 9.6% | 32.2% | 34.7% | 34.8% | 12.9% | 36.0% |
| Operating margin | -23.1% | -22.0% | -71.8% | -35.3% | -20.4% | -25.5% | -16.6% | -31.9% | -72.9% | -44.0% | -89.3% | -76.8% |
| Net margin | -40.9% | -14.5% | -115.9% | -78.3% | -6.0% | -50.5% | -178.1% | -131.2% | -173.0% | -159.9% | -124.2% | -262.0% |
| Free cash flow margin | -15.6% | -25.7% | -14.4% | -25.5% | -23.1% | -13.1% | -32.9% | -37.7% | -89.6% | -84.1% | -18.7% | -42.2% |
| Current ratio | 2.82 | 3.04 | 3.34 | 4.80 | 4.62 | 2.74 | 2.86 | 2.61 | 1.20 | 1.54 | 1.11 | 1.72 |
| Debt to equity | 0.38 | 0.35 | 0.33 | 0.30 | 0.32 | 0.62 | 0.64 | 0.79 | 1.19 | 1.20 | 1.49 | 1.14 |
Source: XBRL data Canopy Growth Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported Feb 9, 2024.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CGC | C$407.88M | +14.4% | -C$268.34M | -65.8% | $262.9M |
| PM | $43.14B | +7.9% | $10.71B | 24.8% | $301.01B |
| BTI | £25.61B | -1.0% | £7.76B | 30.3% | $129.81B |
| MO | $23.52B | +0.5% | $8.12B | 34.5% | $126.11B |
| DFTX | - | - | -$337.48M | - | $4.76B |
| RGC | - | - | -$11.70M | - | $2.79B |
| TRLV | $1.08B | -9.1% | -$445.60M | -41.2% | $2.12B |
| RLX | CN¥3.96B | +44.0% | CN¥921.87M | 23.3% | $1.94B |
| CRON | $271.85M | +54.3% | $63.36M | 23.3% | $1.30B |