Canopy Growth Corporation (CGC) Income Statement
CGC FY2026 at a glance
Fiscal year ended March 31, 2026 · Canadian dollarsCGC revenue and net income
Where CGC's revenue goes
FY2026Each bar shows an amount and its share of revenue. CGC kept −92.4% of revenue as net income.
CGC profit margins
CGC growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.8% | −5.1% | −12.2% | +36.5% |
| Gross profit | −12.4% | — | +0.8% | +13.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CGC income statement in Canadian dollars
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$284.6M | C$269.0M | C$297.1M | C$333.3M | C$475.7M | C$546.6M | C$398.8M | C$226.3M | C$77.9M | C$39.9M |
| Cost of revenue | C$214.9M | C$189.5M | C$216.3M | C$396.8M | C$663.1M | C$479.7M | C$430.5M | C$137.4M | C$3.8M | C$2.3M |
| Gross profit | C$69.7M | C$79.5M | C$80.9M | −C$63.5M | −C$187.4M | C$67.0M | −C$31.7M | C$88.9M | C$74.2M | C$38.7M |
| Research & development | — | C$1.9M | C$4.6M | C$21.7M | C$32.3M | C$57.6M | C$61.8M | C$15.2M | C$1.5M | C$810,000 |
| Sales, general & admin | C$122.9M | C$121.7M | C$180.6M | C$298.0M | C$361.1M | C$523.8M | C$867.7M | C$605.8M | C$131.1M | C$38.6M |
| Total operating expenses | C$142.8M | C$196.7M | C$309.6M | C$2.57B | C$831.4M | C$1.31B | C$1.64B | C$642.6M | C$153.1M | C$52.8M |
| Operating income | −C$73.1M | −C$117.1M | −C$228.7M | −C$2.63B | −C$1.02B | −C$1.24B | −C$1.67B | −C$615.2M | −C$107.8M | −C$14.1M |
| Interest income | C$10.0M | C$8.8M | C$16.2M | C$24.3M | C$6.6M | C$21.4M | C$84.7M | C$88.7M | C$1.5M | C$5.7M |
| Interest expense | C$38.2M | C$74.6M | C$105.4M | C$126.2M | C$103.9M | C$8.5M | C$6.7M | C$18.4M | C$784,000 | C$66,000 |
| Income before taxes | −C$262.9M | −C$597.0M | −C$471.4M | −C$3.09B | −C$267.9M | −C$1.68B | −C$1.51B | −C$709.2M | −C$51.5M | −C$10.3M |
| Income taxes | C$23,000 | C$7.1M | C$12.3M | −C$5.7M | −C$8.9M | −C$13.1M | −C$121.6M | C$4.1M | −C$392,000 | C$2.7M |
| Net income | −C$262.9M | −C$598.1M | −C$657.3M | −C$3.28B | −C$310.0M | −C$1.74B | −C$1.32B | −C$736.3M | −C$67.3M | −C$7.5M |
| EBITDA | −C$188.2M | −C$479.3M | −C$312.8M | −C$2.88B | −C$53.0M | −C$449.7M | −C$1.38B | −C$567.1M | −C$95.7M | −C$650,000 |
| Gross margin | 24.5% | 29.6% | 27.2% | −19.1% | −39.4% | 12.2% | −7.9% | 39.3% | 95.2% | 97.0% |
| Operating margin | −25.7% | −43.5% | −77.0% | −789.3% | −214.2% | −227.5% | −418.5% | −271.8% | −138.3% | −35.3% |
| Net margin | −92.4% | −222.4% | −221.2% | −983.7% | −65.2% | −319.2% | −331.3% | −325.3% | −86.3% | −18.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$81.2M | C$71.2M | C$102.3M | C$66.7M | C$72.1M | C$65.0M | C$63.0M | C$66.2M | C$72.8M | C$78.5M | C$69.6M | C$76.3M |
| Cost of revenue | C$58.9M | C$63.0M | C$72.8M | C$44.8M | C$54.1M | C$54.5M | C$41.2M | C$43.2M | C$57.3M | C$50.3M | C$46.2M | C$62.5M |
| Gross profit | C$22.2M | C$8.3M | C$29.5M | C$21.9M | C$18.0M | C$10.5M | C$21.8M | C$23.0M | C$15.5M | C$28.2M | C$23.4M | C$13.8M |
| Research & development | — | — | — | — | — | C$2.7M | — | — | C$843,000 | C$1.3M | C$1.1M | C$1.4M |
| Sales, general & admin | C$34.0M | C$31.2M | C$40.9M | C$31.5M | C$30.4M | C$6.4M | C$37.0M | C$38.3M | C$41.3M | C$46.1M | C$22.8M | C$50.0M |
| Total operating expenses | C$44.3M | C$35.7M | C$65.6M | C$38.8M | C$40.7M | C$14.9M | C$67.8M | C$52.1M | C$122.2M | C$88.5M | C$30.4M | C$68.4M |
| Operating income | −C$22.1M | −C$27.5M | −C$36.2M | −C$16.9M | −C$22.6M | −C$4.4M | −C$45.9M | −C$29.1M | −C$106.7M | −C$60.3M | −C$7.0M | −C$54.7M |
| Interest income | C$3.2M | C$3.9M | C$3.1M | C$2.0M | C$1.1M | C$2.4M | C$2.4M | C$2.1M | C$2.4M | C$2.5M | C$3.5M | C$7.8M |
| Interest expense | C$12.7M | C$12.3M | C$10.1M | C$8.8M | C$9.7M | C$15.4M | C$21.3M | C$21.1M | C$21.1M | C$24.6M | C$27.4M | C$32.2M |
| Income before taxes | −C$14.7M | −C$158.0M | −C$85.4M | −C$1.4M | −C$41.2M | −C$221.2M | −C$131.2M | −C$123.0M | −C$96.1M | −C$231.4M | −C$135.3M | −C$8.6M |
| Income taxes | −C$129,000 | −C$850,000 | C$504,943 | C$214,000 | C$291,000 | C$329,000 | C$302,000 | C$6.2M | −C$1.4M | −C$1.1M | C$12.8M | C$2.0M |
| Net income | −C$14.6M | −C$157.1M | −C$85.9M | −C$1.6M | −C$41.5M | −C$220.8M | −C$128.3M | −C$127.1M | −C$92.3M | −C$216.8M | −C$310.0M | −C$38.1M |
| EBITDA | −C$4.7M | −C$137.0M | −C$66.5M | C$16.6M | −C$21.8M | −C$194.3M | −C$99.7M | −C$90.8M | −C$63.7M | −C$194.5M | −C$95.4M | C$40.7M |
| Gross margin | 27.4% | 11.6% | 28.8% | 32.8% | 25.0% | 16.2% | 34.7% | 34.8% | 21.3% | 36.0% | 33.7% | 18.0% |
| Operating margin | −27.2% | −38.6% | −35.3% | −25.3% | −31.4% | −6.7% | −72.9% | −44.0% | −146.6% | −76.8% | −10.1% | −71.7% |
| Net margin | −18.0% | −220.5% | −84.0% | −2.5% | −57.6% | −339.5% | −203.7% | −192.0% | −126.9% | −276.2% | −445.5% | −50.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported in CGC's financial statements (latest annual report filed June 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CGC financial results
In fiscal year 2026 (ended March 31, 2026), Canopy Growth reported revenue of C$284.6 million, up 5.8% from the year before. It had a net loss of C$262.9 million, a net profit margin of −92.4%. Over five years revenue grew at an average rate of −12.2% a year. Figures are in Canadian dollars, the currency of its financial statements.
See the CGC stock overview for the latest quote and news, or the CGC chart for price history and technical indicators.
CGC income statement FAQ
What is Canopy Growth's annual revenue?
Canopy Growth reported total revenue of C$284.6 million for fiscal year 2026, which ended on March 31, 2026. That was up 5.8% from C$269.0 million the previous year.
Is Canopy Growth profitable?
No. Canopy Growth reported a net loss of C$262.9 million in fiscal 2026, a net profit margin of −92.4%; its operating margin was −25.7%.
What is Canopy Growth's gross margin?
Canopy Growth's gross margin was 24.5% in fiscal 2026: for every $100 of revenue, Canopy Growth kept $24 after the direct cost of its products and services.
How fast is Canopy Growth growing?
Revenue grew −12.2% a year on average over the last five fiscal years, from C$546.6 million to C$284.6 million.
When will Canopy Growth report its next earnings?
Canopy Growth is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Canopy Growth's fiscal year end?
Canopy Growth's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 15, 2026.