Canopy Growth (CGC) Financial Statements & Analysis

Canopy Growth (CGC) Income Statement

Canopy Growth reported revenue of CAD 284.60M in fiscal 2026 (fiscal year ended Mar 31, 2026), flat from CAD 284.60M a year earlier. Canopy Growth posted a net loss of CAD 262.91M, compared with a net loss of CAD 262.91M a year earlier. Gross margin was 24.5% and operating margin -25.7%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was CAD 81.17M, up 12.5% from the same quarter a year earlier.

Canopy Growth Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Canopy Growth Corporation income statement - Annual data in billions CAD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Revenue & Gross Profit
Revenue	0.28	0.28	0.27	0.30	0.48	0.55	0.55	0.23	0.08
Cost of Revenue	0.21	0.21	0.19	0.22	0.66	0.48	0.48	0.20	0.04
Gross Profit	0.07	0.07	0.08	0.08	-0.19	0.07	0.07	0.03	0.03
Operating Expenses
Research & Development	-	0.00	0.00	0.00	0.03	0.03	0.06	0.02	0.00
Selling, General & Administrative	0.12	0.12	0.12	0.18	0.36	1.89	0.52	0.61	0.13
Operating Expenses	0.14	0.14	0.20	0.31	0.45	2.62	1.31	0.67	0.15
Operating Income	-0.07	-0.07	-0.12	-0.23	-0.64	-1.24	-1.24	-0.64	-0.12
Other Income/Expense
Interest Income	0.01	0.01	0.01	0.02	0.01	0.02	0.02	0.05	0.00
Interest Expense	0.04	0.04	0.07	0.11	0.10	-0.01	0.01	0.02	0.00
Other Income/Expense	-0.16	-0.19	-0.48	-0.24	0.47	-0.44	-0.44	-0.07	0.07
Income
Income Before Tax	-0.26	-0.26	-0.60	-0.47	-0.27	-1.68	-1.68	-0.71	-0.05
Income Tax Expense	0.00	0.00	0.01	0.01	-0.01	-0.01	-0.01	0.00	0.00
Net Income	-0.26	-0.26	-0.60	-0.66	-0.31	-1.74	-1.74	-0.74	-0.07
Net Income - Continuous Operations	-0.26	-0.26	-0.60	-0.66	-0.26	-0.31	-1.74	-0.74	-0.07
Net Income - Discontinued Operations	-	0.01	-0.19	-0.23	-0.07	-	-	-	-
EBITDA	-0.19	-0.19	-0.48	-0.31	-0.05	-1.12	-1.55	-0.64	-0.03
EBIT	-0.22	-0.43	-0.13	-2.96	-0.16	-1.24	-	-	-
Depreciation & Amortization	0.02	0.04	0.04	0.05	0.06	0.13	0.13	0.05	0.02
Earnings Per Share
Basic EPS	-1.00	-1.00	-6.00	-9.00	-8.00	-47.00	-4.00	-2.00	-
Diluted EPS	-1.00	-1.00	-6.00	-9.00	-8.00	-47.00	-4.00	-2.00	-
Basic Shares Outstanding	0.30	0.35	0.11	0.07	0.04	0.04	0.38	0.34	0.18
Diluted Shares Outstanding	0.30	0.35	0.11	0.07	0.04	0.04	0.39	0.34	0.18

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Canopy Growth Financial Statements

What was Canopy Growth's revenue in fiscal 2026?

Canopy Growth reported revenue of CAD 284.60M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was flat from CAD 284.60M a year earlier.

Is Canopy Growth profitable?

No. Canopy Growth reported a net loss of CAD 262.91M in fiscal 2026. In fiscal 2025 it lost CAD 262.91M.

What is Canopy Growth's operating margin?

Canopy Growth's operating income was −CAD 73.11M on revenue of CAD 284.60M in fiscal 2026, an operating margin of -25.7%, compared with -25.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition