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CGC Financials Canopy Growth

9 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings, in CAD as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 12.2% per year over the past 5 years.
  • Operating margin has expanded, at -56.8% in the latest year.

Financial health

  • The company holds more cash (CA$365M) than total debt (CA$233M).
  • Total debt has grown slower than revenue (-31.8% vs -12.2% per year).
  • Operating income covered interest expense -4.2× in the latest year, up from -147.0× 5 years ago.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 5.3 years of cash runway.
Revenue & net income
-CA$3B -CA$1B CA$547M CA$0 2018 2019 2020 2021 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
-984% -471% 42% 0% 2018 2019 2020 2021 2022 2023 2024 2025 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-431% -216% 0% 2018 2019 2020 2021 2022 2023 2024 2025 2026
ROEROA
Free cash flow (CFO − capex)
-CA$1B -CA$739M CA$0 2018 2019 2020 2021 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
CA$0 CA$1B CA$2B 2018 2019 2020 2021 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-CA$3B CA$1B CA$6B CA$0 2018 2019 2020 2021 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 CA$285M -CA$263M 24.5% -56.8% -37.7% -23.5% -CA$69M CA$233M CA$365M
2025 CA$269M -CA$509M 29.6% -43.5% -106.3% -55.5% -CA$177M CA$304M CA$114M
2024 CA$297M -CA$694M 27.2% -77.0% -173.2% -53.3% -CA$285M CA$597M CA$170M
2023 CA$333M -CA$3.3B -19.1% -789.3% -431.3% -134.4% -CA$567M CA$1.3B CA$668M
2022 CA$476M -CA$310M -39.4% -214.2% -8.6% -5.5% -CA$582M CA$1.5B CA$776M
2021 CA$547M -CA$1.7B 12.2% -227.5% -50.0% -25.6% -CA$630M CA$1.6B CA$1.2B
2020 CA$399M -CA$1.3B -7.9% -418.5% -25.9% -19.3% -CA$1.5B CA$465M CA$1.3B
2019 CA$226M -CA$736M 12.5% -281.6% -10.4% -8.6% -CA$1.2B CA$946M CA$2.5B
2018 CA$78M -CA$67M 42.3% -153.4% -6.0% — -CA$257M — —

Valuation over time

How the market has priced CGC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 15.2 30.3 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is CGC growing its revenue and profit?

Over the past 5 years, Canopy Growth's revenue has declined 12.2% per year. These are computed facts, not advice.

How much debt does CGC have?

As of FY2026, Canopy Growth reported CA$233M of total debt against CA$365M of cash; operating income covered interest expense -4.2×.

What is CGC's profit margin?

In FY2026, gross margin was 24.5%, operating margin -56.8%, and net margin -92.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CAD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CAD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCAUS; 1 CAD = 0.7165 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.