What is SNDL's operating income?

SNDL's total operating income in 2025 was $8.27 million, based on the following breakdown: Total Gross Profit: $183.71 million Total Operating Expenses: $175.43 million

SNDL (SNDL) Financials

$1.31 0.00 (0.00%)

Closing price 07/13/2026 04:00 PM Eastern

Extended Trading

$1.31 0.00 (0.00%)

As of 07/13/2026 07:56 PM Eastern

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Annual Income Statements for SNDL

This table shows SNDL's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	2/28/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-10	-204	-144	-104	-250	-152	-117	-25
Consolidated Net Income / (Loss)	-10	-209	-188	-177	-275	-134	-67	-12
Net Income / (Loss) Continuing Operations	-10	-110	-113	-104	-222	-152	-115	-25
Total Pre-Tax Income	-10	-113	-162	-184	-281	-152	-121	-25
Total Operating Income	-10	-40	-106	-90	-185	-152	-12	8.27
Total Gross Profit	0.29	28	-39	-7.04	104	144	169	184
Total Revenue	0.00	49	48	44	526	0.00	642	685
Operating Revenue	0.00	49	48	44	526	-	642	685
Total Cost of Revenue	-0.29	21	51	38	417	0.00	472	502
Operating Cost of Revenue	0.00	36	41	40	412	-	472	502
Total Operating Expenses	10	68	102	96	294	152	182	175
Selling, General & Admin Expense	2.45	30	25	30	104	151	130	133
Research & Development Expense	0.32	1.86	0.38	1.91	1.81	0.25	0.24	0.36
Depreciation Expense	0.32	0.46	3.69	4.14	30	-	38	38
Impairment Charge	1.70	0.12	62	47	145	-	12	1.91
Restructuring Charge	-	0.00	-	-	-	-	1.85	2.43
Total Other Income / (Expense), net	-0.09	-72	-7.36	-21	-32	0.00	-109	-33
Other Income / (Expense), net	-0.09	-25	-7.36	-21	-32	-	-109	-33
Income Tax Expense	0.00	-2.78	0.00	-6.19	5.43	-	-6.53	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.13	5.25	-0.16	28	-	1.96	0.00
Weighted Average Basic Shares Outstanding	-	107.18M	918.84M	2.06B	235.19M	262.78M	263.02M	263.36M
Weighted Average Diluted Shares Outstanding	-	107.18M	918.84M	2.06B	235.19M	262.78M	263.02M	263.36M
Weighted Average Basic & Diluted Shares Outstanding	-	107.18M	918.84M	2.06B	235.19M	262.78M	263.02M	263.36M

No quarterly income statements for SNDL are available.

This table details how cash moves in and out of SNDL's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	2/28/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	3.09	19	12	390	-206	-64	79	25
Net Cash From Operating Activities	-4.09	-87	-76	-367	-172	-27	79	41
Net Cash From Continuing Operating Activities	-4.09	-77	-76	-367	-172	-27	79	41
Net Income / (Loss) Continuing Operations	-10	-110	-162	-177	-275	-134	-67	-12
Consolidated Net Income / (Loss)	-10	-110	-162	-177	-275	-134	-67	-12
Depreciation Expense	0.32	4.85	9.08	7.95	35	49	39	41
Non-Cash Adjustments To Reconcile Net Income	5.01	52	83	-187	83	77	107	12
Changes in Operating Assets and Liabilities, net	0.71	-32	-6.73	-9.76	-15	-19	-	0.10
Net Cash From Investing Activities	-7.54	-164	-0.72	-68	-4.93	0.83	0.00	-8.75
Net Cash From Continuing Investing Activities	-7.54	-143	-0.72	-68	-4.93	0.83	0.00	-8.75
Purchase of Property, Plant & Equipment	-5.91	-85	-2.37	-2.97	-7.88	-5.94	-	-9.34
Sale of Property, Plant & Equipment	0.02	0.04	1.65	0.15	2.96	0.92	-	0.59
Net Cash From Financing Activities	15	276	90	822	-17	-31	0.00	-11
Net Cash From Continuing Financing Activities	15	276	90	822	-17	-31	0.00	-11
Repurchase of Common Equity	0.00	-	0.00	-	-9.90	-	-	-11
Issuance of Common Equity	7.45	137	143	831	0.02	-	-	0.00
Cash Interest Received	-	-	0.00	-	9.90	-	8.68	5.18

No quarterly cash flow statements for SNDL are available.

This table presents SNDL's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	81	393	231	1,117	1,152	1,116	937	974
Total Current Assets	16	133	93	570	371	308	321	328
Cash & Equivalents	10	35	47	437	207	148	152	184
Restricted Cash	0.26	12	4.18	21	14	15	14	15
Short-Term Investments	-	-	0.00	2.40	4.84	2.58	19	0.35
Accounts Receivable	2.01	21	12	8.50	17	20	20	20
Inventories, net	0.90	46	20	23	94	98	89	93
Plant, Property, & Equipment, net	65	217	92	44	106	116	101	111
Plant, Property & Equipment, gross	65	217	92	44	106	116	101	111
Total Noncurrent Assets	0.00	43	47	486	661	678	504	527
Long-Term Investments	-	0.00	41	378	451	430	293	290
Goodwill	0.00	8.82	0.00	57	50	90	86	91
Intangible Assets	0.00	34	3.97	39	55	55	43	43
Other Noncurrent Operating Assets	-	0.00	2.06	11	105	102	83	104
Total Liabilities & Shareholders' Equity	81	393	231	1,117	1,152	1,116	937	974
Total Liabilities	87	223	20	77	171	185	150	171
Total Current Liabilities	51	208	19	52	66	78	63	67
Accounts Payable	14	-	-	-	-	-	39	41
Other Current Liabilities	0.03	0.56	0.66	21	30	26	24	26
Total Noncurrent Liabilities	36	15	0.81	25	105	107	87	104
Capital Lease Obligations	0.12	13	0.81	22	103	103	82	98
Other Noncurrent Operating Liabilities	-	-	0.00	3.53	2.00	3.17	5.08	5.86
Total Equity & Noncontrolling Interests	-5.79	170	211	1,041	981	931	787	803
Total Preferred & Common Equity	-5.79	167	213	1,040	965	918	787	803
Total Common Equity	-5.79	167	211	1,039	964	916	787	803
Common Stock	48	393	597	1,593	1,694	1,800	1,630	1,685
Retained Earnings	-65	-278	-438	-614	-807	-955	-919	-950
Accumulated Other Comprehensive Income / (Loss)	0.00	5.29	0.00	5.95	24	15	37	28
Other Equity Adjustments	12	46	51	54	53	57	40	40

No quarterly balance sheets for SNDL are available.

This table displays calculated financial ratios and metrics derived from SNDL's official financial filings.

Metric	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	2/28/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	263,359,123.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	263,359,123.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-0.09
Growth Metrics	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-7.03	-28	-74	-63	-129	-106	-56	5.79
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-9.77%	-6.13%	0.64%
Earnings before Interest and Taxes (EBIT)	-10	-66	-113	-111	-217	-152	-79	-25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-9.80	-61	-104	-103	-182	-102	-40	16
Valuation Ratios	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	131	-92	-372	-170	0.52	-29
Efficiency Ratios	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	343	138	167	410	474	418	388
Increase / (Decrease) in Invested Capital	0.00	0.00	-204	29	243	64	-56	35
Book Value per Share	$0.00	$1.56	$1.97	$1.13	$0.47	$3.90	$3.00	$3.05
Tangible Book Value per Share	$0.00	$1.16	$1.93	$1.03	$0.42	$3.28	$2.50	$2.55
Total Capital	0.00	228	230	1,092	1,120	1,086	908	901
Total Debt	0.00	57	19	52	139	155	121	98
Total Long-Term Debt	0.00	13	0.81	22	103	103	82	98
Net Debt	0.00	10	-73	-787	-538	-441	-356	-390
Capital Expenditures (CapEx)	5.89	85	0.72	2.82	4.93	5.02	0.00	8.75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-77	41	88	114	116	112	62
Debt-free Net Working Capital (DFNWC)	0.00	-30	92	548	340	282	297	261
Net Working Capital (NWC)	0.00	-74	74	518	305	230	258	261
Net Nonoperating Expense (NNE)	3.10	181	114	114	146	28	11	17
Net Nonoperating Obligations (NNO)	0.00	172	-73	-873	-571	-457	-369	-415
Total Depreciation and Amortization (D&A)	0.32	4.85	9.08	7.95	35	49	39	41
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($31.70)	($11.00)	$0.00	$0.00	$0.00	($0.50)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	10.72M	91.88M	206.04M	0.00	262.78M	263.02M	263.36M
Adjusted Diluted Earnings per Share	$0.00	($31.70)	($11.00)	$0.00	$0.00	$0.00	($0.50)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	10.72M	91.88M	206.04M	0.00	262.78M	263.02M	263.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	($31.70)	($11.00)	$0.00	$0.00	$0.00	($0.50)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	10.72M	91.88M	206.04M	0.00	262.78M	263.02M	263.36M
Normalized Net Operating Profit after Tax (NOPAT)	-3.34	-7.29	-26	-23	-23	-106	-56	8.83
Debt Service Ratios	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-

No quarterly metrics and ratios for SNDL are available.

Financials Breakdown Chart

SNDL Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SNDL's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SNDL's net income appears to be on a downward trend, with a most recent value of -$11.50 million in 2025, rising from -$10.12 million in 2017. The previous period was -$66.81 million in 2024. Find out what analysts predict for SNDL in the coming months.

SNDL's total operating income in 2025 was $8.27 million, based on the following breakdown:

Total Gross Profit: $183.71 million
Total Operating Expenses: $175.43 million

Over the last 7 years, SNDL's total revenue changed from $0.00 in 2017 to $685.28 million in 2025, a change of 68,527,567,100.0%.

SNDL's total liabilities were at $171.18 million at the end of 2025, a 14.2% increase from 2024, and a 97.8% increase since 2018.

In the past 7 years, SNDL's cash and equivalents has ranged from $10.35 million in 2018 to $436.92 million in 2021, and is currently $183.96 million as of their latest financial filing in 2025.

Over the last 7 years, SNDL's book value per share changed from 0.00 in 2017 to 3.05 in 2025, a change of 305.3%.

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Financial statements for NASDAQ:SNDL last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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SNDL (SNDL) Financials

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SNDL Financials - Frequently Asked Questions

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SNDL (SNDL) Financials

Annual Income Statements for SNDL

Quarterly Income Statements for SNDL

Annual Cash Flow Statements for SNDL

Quarterly Cash Flow Statements for SNDL

Annual Balance Sheets for SNDL

Quarterly Balance Sheets for SNDL

Annual Metrics And Ratios for SNDL

Quarterly Metrics And Ratios for SNDL

Financials Breakdown Chart

SNDL Financials - Frequently Asked Questions

When does SNDL's fiscal year end?

How has SNDL's net income changed over the last 7 years?

What is SNDL's operating income?

How has SNDL's revenue changed over the last 7 years?

How much debt does SNDL have?

How much cash does SNDL have?

How has SNDL's book value per share changed over the last 7 years?

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