SNDL Inc. logo

SNDL Inc.

SNDL

NASDAQConsumer DefensiveBeverages - Wineries & Distilleries

Previous close

$1.37

+$0.04 · +3.01%

Aug 21, 4:00 PM ET

Pre-market

$1.37

$0.00 · 0.00%

Aug 24, 4:00 AM ET

SNDL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

69

Undervalued

Momentum

28

Weakening

Sentiment

42

Mixed

Risk resilience

48

Elevated Risk

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Company profile

Company website

SNDL Inc. is a Canadian firm engaged in the cultivation, distribution, and sale of cannabis products across the country. Its operations are organized into two distinct segments: Cannabis Operations and Retail Operations. Through its Cannabis Operations, the company manages the growing, supplying, and selling of cannabis specifically for the adult-use market. Meanwhile, its Retail Operations segment is responsible for the direct private sale of recreational cannabis via a network of both corporate-owned and franchised retail outlets. SNDL also produces and distributes a range of inhalable cannabis products, including dried flower, pre-rolled joints, and vape cartridges. These items are marketed under several key brands, such as Top Leaf, Sundial Cannabis, Palmetto, and Grasslands. The company, originally incorporated in 2006 as Sundial Growers Inc., officially adopted its current name, SNDL Inc., in July 2022. Its main corporate office is situated in Calgary, Canada.

Industry
Beverages - Wineries & Distilleries
Sector
Consumer Defensive
Headquarters
CA
CEO
Zachary Ryan George
Listed since
Aug 1, 2019
Employees
2,751

Market position

Day range

Current $1.37

52-week range

Current $1.37

Open
$1.32
Previous close
$1.33
Volume
1.58M
0.72× average
Average volume
2.2M
Average daily volume
Market cap
356.61M USD
Beta
0.95
Market reference 1
50-day average
$1.3085
+4.70% above average
200-day average
$1.5015
-8.76% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-19.96×
P/B (TTM)
0.46×
P/S (TTM)
0.53×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
26.24%
Operating margin
-1.70%
Net margin
-2.34%

Financial health

Debt / equity
0.16×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%-102%-275%-448%Gross margin, FY2021: -16.04%Gross margin, FY2022: 19.71%Gross margin, FY2023: 20.95%Gross margin, FY2024: 26.11%Gross margin, FY2025: 27.33%Operating margin, FY2021: -239.41%Operating margin, FY2022: -48.83%Operating margin, FY2023: -17.95%Operating margin, FY2024: -11.28%Operating margin, FY2025: -0.47%Net margin, FY2021: -404.40%Net margin, FY2022: -47.05%Net margin, FY2023: -18.99%Net margin, FY2024: -10.30%Net margin, FY2025: -1.67%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -16.04%. Gross margin FY2022 19.71%. Gross margin FY2023 20.95%. Gross margin FY2024 26.11%. Gross margin FY2025 27.33%. Operating margin FY2021 -239.41%. Operating margin FY2022 -48.83%. Operating margin FY2023 -17.95%. Operating margin FY2024 -11.28%. Operating margin FY2025 -0.47%. Net margin FY2021 -404.40%. Net margin FY2022 -47.05%. Net margin FY2023 -18.99%. Net margin FY2024 -10.30%. Net margin FY2025 -1.67%.

Income trends

Revenue

946.4M USD+2.82%

Operating income

−4.42M USD+95.74%

Net income

−15.77M USD+83.36%
Income trends across reported periods1.08B USD558.15M USD40.48M USD−477.19M USDRevenue, FY2021: 56.13M USDRevenue, FY2022: 712.2M USDRevenue, FY2023: 909.01M USDRevenue, FY2024: 920.45M USDRevenue, FY2025: 946.4M USDOperating income, FY2021: −134.38M USDOperating income, FY2022: −347.77M USDOperating income, FY2023: −163.17M USDOperating income, FY2024: −103.81M USDOperating income, FY2025: −4.42M USDNet income, FY2021: −226.98M USDNet income, FY2022: −335.11M USDNet income, FY2023: −172.66M USDNet income, FY2024: −94.8M USDNet income, FY2025: −15.77M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 56.13M USD. Revenue FY2022 712.2M USD. Revenue FY2023 909.01M USD. Revenue FY2024 920.45M USD. Revenue FY2025 946.4M USD. Operating income FY2021 −134.38M USD. Operating income FY2022 −347.77M USD. Operating income FY2023 −163.17M USD. Operating income FY2024 −103.81M USD. Operating income FY2025 −4.42M USD. Net income FY2021 −226.98M USD. Net income FY2022 −335.11M USD. Net income FY2023 −172.66M USD. Net income FY2024 −94.8M USD. Net income FY2025 −15.77M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue946.4M USD920.45M USD909.01M USD712.2M USD56.13M USD
Cost of goods sold687.75M USD680.12M USD718.59M USD571.82M USD65.13M USD
Gross profit258.65M USD240.33M USD190.42M USD140.38M USD−9M USD
Research and development489K USD346K USD324K USD2.45M USD2.45M USD
Selling, general, and administrative210.63M USD219.28M USD230.17M USD158.26M USD55.39M USD
Operating expenses263.07M USD344.14M USD353.59M USD488.15M USD125.38M USD
Interest income8.05M USD16.4M USD15.37M USD17.62M USD13.72M USD
Interest expense7.52M USD7.7M USD7.92M USD5.9M USD776K USD
Depreciation and amortization56.27M USD56.71M USD64.95M USD47.32M USD10.16M USD
Operating income−4.42M USD−103.81M USD−163.17M USD−347.77M USD−134.38M USD
Net income−15.77M USD−94.8M USD−172.66M USD−335.11M USD−226.98M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
-1173.09%
11 comparable reports
Latest EPS result
-0.02
Estimate -0 · Miss by 468.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.07-0.03-0.13-0.23Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MetQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual -0.19, estimate -0.01, surprise -1800.00%, Miss. Q2 2025, reported May 1, 2025: actual -0.04, estimate -0.06, surprise +33.33%, Beat. Q3 2025, reported Jul 31, 2025: actual 0.01, estimate -0.04, surprise +125.00%, Beat. Q4 2025, reported Nov 4, 2025: actual -0.04, estimate -0, surprise -11011.11%, Miss. Q1 2026, reported Mar 12, 2026: actual 0.03, estimate 0.01, surprise +200.00%, Beat. Q2 2026, reported Apr 29, 2026: actual -0.03, estimate -0.03, surprise 0.00%, Met estimate. Q3 2026, reported Jul 28, 2026: actual -0.02, estimate -0.004, surprise -468.18%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate -0.02, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates268.29M222.37M176.45M130.52MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 179.06M USD, estimate 204.1M USD, surprise -12.27%, Miss. Q2 2025, reported May 1, 2025: actual 143.89M USD, estimate 243.3M USD, surprise -40.86%, Miss. Q3 2025, reported Jul 31, 2025: actual 179.66M USD, estimate 242.98M USD, surprise -26.06%, Miss. Q4 2025, reported Nov 4, 2025: actual 175.1M USD, estimate 257.97M USD, surprise -32.12%, Miss. Q1 2026, reported Mar 12, 2026: actual 183.87M USD, estimate 187.86M USD, surprise -2.12%, Miss. Q2 2026, reported Apr 29, 2026: actual 140.84M USD, estimate 151.19M USD, surprise -6.85%, Miss. Q3 2026, reported Jul 28, 2026: actual 165.98M USD, estimate 166.26M USD, surprise -0.17%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 169.49M USD, surprise —, Comparison unavailable.

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