SNDL (SNDL) revenue breakdown
By segment, Liquor Retail is the largest at 53% of fiscal 2025 revenue; Cannabis Retail grew fastest, 113% a year over 4 years.
By product, Liquor retail revenue is the largest at 54% of fiscal 2025 revenue; Cannabis retail revenue grew fastest, 113% a year over 4 years.
Revenue by segment
Fiscal years, as SNDL reports them in its 10-K filings; fiscal 2025 total $1.0B.
| Segments | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|
| Liquor Retail | — | — | — | $462M | $579M | $555M | $540M | 53% |
| Cannabis Retail | — | — | $16M | $206M | $290M | $312M | $330M | 33% |
| Cannabis Operations | — | — | $40M | $44M | $87M | $109M | $145M | 14% |
| Dried Flower | $58M | $51M | — | — | — | — | — | — |
| Vapes | $504,000 | $18M | — | — | — | — | — | — |
| Oil | $8M | $3M | — | — | — | — | — | — |
| Edibles And Concentrates | — | $305,000 | — | — | — | — | — | — |
Revenue by product
Fiscal years, as SNDL reports them in its 10-K filings; fiscal 2025 total $1.0B.
| Products | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|
| Liquor retail revenue | — | — | — | $462M | $579M | $555M | $540M | 54% |
| Cannabis retail revenue | — | — | $16M | $206M | $290M | $312M | $330M | 33% |
| Cannabis operations revenue | — | — | $51M | $62M | $89M | $108M | $133M | 13% |
| Dried Flower | $58M | $51M | — | — | — | — | — | — |
| Vapes | $504,000 | $18M | — | — | — | — | — | — |
| Oil | $8M | $3M | — | — | — | — | — | — |
| Edibles | — | $263,000 | — | — | — | — | — | — |
| Concentrates | — | $42,000 | — | — | — | — | — | — |
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Where does SNDL make its money?
In fiscal 2025, by segment: Liquor Retail $540M, Cannabis Retail $330M, Cannabis Operations $145M.
From SNDL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.