Canopy Growth (CGC) financial statements

Healthcare · Drug Manufacturers - Specialty & Generic · Market cap $354M

Canopy Growth reported revenue of 285M CAD in fiscal 2026, up 15.5% a year over 9 years.

Net income was -263M CAD and the operating margin -56.8%, against -153.4% in 2018.

Free cash flow was -69M CAD.

The diluted share count rose 1581% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CAD).

-2-1012018201920192020202120222023202420252026RevenueFree cash flow
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Income statement

Fiscal years, in CAD, from Canopy Growth's 10-K filings with the SEC.

Fiscal year2018201920192020202120222023202420252026
Revenue78M CAD226M CAD13M CAD399M CAD547M CAD476M CAD333M CAD297M CAD269M CAD285M CAD
Cost of revenue45M CAD198M CAD—430M CAD480M CAD663M CAD397M CAD216M CAD189M CAD215M CAD
Gross profit33M CAD28M CAD—-32M CAD67M CAD-187M CAD-64M CAD81M CAD80M CAD70M CAD
Research and development2M CAD15M CAD—62M CAD58M CAD32M CAD22M CAD5M CAD3M CAD3M CAD
Selling, general and admin103M CAD392M CAD—694M CAD575M CAD415M CAD343M CAD229M CAD170M CAD160M CAD
Operating income-120M CAD-637M CAD—-1.7B CAD-1.2B CAD-1.0B CAD-2.6B CAD-229M CAD-117M CAD-162M CAD
Interest expense784,000 CAD2M CAD—7M CAD8M CAD104M CAD126M CAD105M CAD75M CAD38M CAD
Pre-tax income-51M CAD-708M CAD—-1.5B CAD-1.7B CAD-268M CAD-3.1B CAD-508M CAD-508M CAD-263M CAD
Income tax-392,000 CAD4M CAD—-122M CAD-13M CAD-9M CAD-6M CAD12M CAD7M CAD23,000 CAD
Net income-67M CAD-736M CAD-26M CAD-1.3B CAD-1.7B CAD-310M CAD-3.3B CAD-694M CAD-509M CAD-263M CAD
EPS (diluted)-3.80 CAD-27.60 CAD—-38.00 CAD-46.90 CAD-7.92 CAD-70.69 CAD-9.27 CAD-4.73 CAD-0.88 CAD
Diluted shares18M27M—35M37M39M46M75M108M298M
Gross margin42.3%12.5%—-7.9%12.2%-39.4%-19.1%27.2%29.6%24.5%
Operating margin-153.4%-281.6%—-418.5%-227.5%-214.2%-789.3%-77.0%-43.5%-56.8%
Net margin-86.3%-325.3%-206.0%-331.3%-319.2%-65.2%-983.7%-233.4%-189.2%-92.4%

Balance sheet

Fiscal years, in CAD, from Canopy Growth's 10-K filings with the SEC.

Fiscal year2018201920192020202120222023202420252026
Cash and short-term investments323M CAD4.5B CAD—2.0B CAD2.3B CAD1.4B CAD773M CAD203M CAD131M CAD365M CAD
Receivables21M CAD62M CAD—51M CAD67M CAD68M CAD41M CAD45M CAD48M CAD31M CAD
Inventory102M CAD190M CAD—391M CAD368M CAD205M CAD83M CAD77M CAD96M CAD111M CAD
Total current assets482M CAD4.9B CAD41M CAD2.6B CAD2.8B CAD1.7B CAD1.1B CAD371M CAD295M CAD529M CAD
Property, plant and equipment304M CAD1.1B CAD—1.5B CAD1.1B CAD943M CAD471M CAD320M CAD294M CAD316M CAD
Goodwill277M CAD1.5B CAD—2.0B CAD1.9B CAD1.8B CAD56M CAD43M CAD46M CAD56M CAD
Total assets1.4B CAD8.6B CAD—6.9B CAD6.8B CAD5.6B CAD2.4B CAD1.3B CAD918M CAD1.1B CAD
Total current liabilities92M CAD412M CAD96M CAD421M CAD284M CAD213M CAD804M CAD335M CAD103M CAD158M CAD
Long-term debt7M CAD842M CAD—449M CAD1.6B CAD1.5B CAD750M CAD493M CAD300M CAD217M CAD
Total liabilities194M CAD1.5B CAD—1.7B CAD3.2B CAD2.0B CAD1.7B CAD900M CAD439M CAD421M CAD
Shareholders' equity1.1B CAD6.8B CAD6.2B CAD4.9B CAD3.5B CAD3.6B CAD758M CAD400M CAD479M CAD698M CAD
Net debt-316M CAD-1.5B CAD—-838M CAD428M CAD725M CAD639M CAD427M CAD190M CAD-131M CAD

Cash flow

Fiscal years, in CAD, from Canopy Growth's 10-K filings with the SEC.

Fiscal year2018201920192020202120222023202420252026
Operating cash flow-82M CAD-535M CAD—-773M CAD-466M CAD-546M CAD-558M CAD-282M CAD-166M CAD-64M CAD
Capital spending176M CAD644M CAD—705M CAD165M CAD37M CAD9M CAD3M CAD11M CAD5M CAD
Free cash flow-257M CAD-1.2B CAD—-1.5B CAD-630M CAD-582M CAD-567M CAD-285M CAD-177M CAD-69M CAD
Stock-based compensation49M CAD273M CAD—320M CAD91M CAD47M CAD25M CAD14M CAD-4M CAD4M CAD
Net borrowing-2M CAD595M CAD—-100M CAD878M CAD-51M CAD17M CAD-510M CAD-221M CAD-14M CAD
Free cash flow margin-330.3%-521.1%—-370.5%-115.3%-122.5%-170.0%-96.0%-65.6%-24.3%
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Questions

What was Canopy Growth's revenue in 2026?

285M CAD in fiscal 2026, from its 10-K filing.

How much free cash flow does Canopy Growth generate?

-69M CAD in fiscal 2026 (operating cash flow minus capital spending).

From Canopy Growth's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.