Canopy Growth Corp (CGC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1 HERSHEY DRIVE SMITH FALLS, ON K7A0A8 |
| State of Incorp. | |
| Fiscal Year End | March 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 MRQ | 3/31/2025 | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 131,467 | 203,461 | 782,602 | 1,371,656 | 2,299,216 | 1,976,499 | |||
| Cash and cash equivalent | 113,811 | 170,300 | 677,007 | 776,005 | 1,154,653 | 1,303,176 | |||
| Short-term investments | 17,656 | 33,161 | 105,595 | 595,651 | 1,144,563 | 673,323 | |||
| Restricted cash and investments | 6,410 | 7,310 | 11,765 | 12,216 | 11,332 | 21,539 | |||
| Receivables | 52,780 | 56,234 | 93,987 | 96,443 | 92,435 | 90,155 | |||
| Inventory, net of allowances, customer advances and progress billings | 96,373 | 77,292 | 148,901 | 204,387 | 367,979 | 391,086 | |||
| Inventory | 96,373 | 77,292 | 148,901 | 204,387 | 367,979 | 391,086 | |||
| Prepaid expense | 5,363 | 6,621 | 27,460 | 23,041 | 28,349 | 41,423 | |||
| Disposal group, including discontinued operation | 8,038 | ||||||||
| Other current assets | 2,029 | 13,489 | 10,115 | 19,065 | 19,071 | 14,681 | |||
| Other undisclosed current assets | 152 | (1,265) | 2,424 | 10,594 | 19,812 | 28,990 | |||
| Total current assets: | 294,574 | 371,180 | 1,077,254 | 1,737,402 | 2,838,194 | 2,564,373 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 5,362 | 8,838 | 34,333 | 39,427 | 85,784 | ||||
| Operating lease, right-of-use asset | 4,556 | 7,154 | 20,741 | 39,571 | 47,522 | 73,435 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 293,523 | 320,103 | 499,466 | 942,780 | 1,074,537 | 1,524,803 | |||
| Long-term investments and receivables | 100 | 65,843 | |||||||
| Long-term investments | 100 | 65,843 | |||||||
| Intangible asset, including goodwill, after accumulated amortization | 133,242 | 147,292 | 274,282 | 2,119,198 | 2,197,521 | 2,430,837 | |||
| Goodwill | 46,042 | 43,239 | 85,563 | 1,866,503 | 1,889,354 | 1,954,471 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 87,200 | 104,053 | 188,719 | 252,695 | 308,167 | 476,366 | |||
| Other noncurrent assets | 16,385 | 24,126 | 19,804 | 15,342 | 4,961 | 22,636 | |||
| Other undisclosed noncurrent assets | 175,421 | 425,113 | 538,713 | 726,424 | 621,218 | 90,034 | |||
| Total noncurrent assets: | 623,127 | 929,150 | 1,361,844 | 3,877,648 | 3,985,286 | 4,293,372 | |||
| TOTAL ASSETS: | 917,701 | 1,300,330 | 2,439,098 | 5,615,050 | 6,823,480 | 6,857,745 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 51,639 | 72,193 | 146,168 | 122,308 | 164,097 | 187,214 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 24,873 | 47,137 | 33,415 | ||
| Accounts payable | 26,099 | 28,673 | 76,234 | 64,270 | 67,262 | 123,393 | |||
| Accrued liabilities | 25,540 | 43,520 | 69,934 | 33,165 | 49,698 | 30,406 | |||
| Debt | 13,337 | 107,375 | 556,890 | 9,296 | 9,827 | 16,393 | |||
| Other liabilities | 25,434 | 48,068 | 94,727 | 64,054 | 106,428 | 215,809 | |||
| Other undisclosed current liabilities | 3,994 | 7,079 | 6,057 | 17,240 | 3,978 | 1,173 | |||
| Total current liabilities: | 94,404 | 234,715 | 803,842 | 212,898 | 284,330 | 420,589 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 311,930 | 525,807 | 749,991 | 1,491,695 | 1,667,300 | 569,069 | |||
| Long-term debt, excluding current maturities | 299,811 | 493,294 | 749,991 | 1,491,695 | 1,573,136 | 449,022 | |||
| Finance lease, liability | 12,119 | 32,513 | 31,879 | 51,638 | |||||
| Liabilities, other than long-term debt | 51,940 | 94,898 | 125,243 | 232,960 | 128,619 | 237,773 | |||
| Deferred income tax liabilities | 357 | 15,991 | 21,379 | 47,113 | |||||
| Other liabilities | 36,273 | 71,814 | 124,886 | 190,049 | 107,240 | 190,660 | |||
| Operating lease, liability | 15,667 | 23,084 | 62,285 | 68,409 | |||||
| Derivative instruments and hedges, liabilities | 26,920 | ||||||||
| Other undisclosed noncurrent liabilities | (27,786) | (55,597) | 47,000 | 1,121,411 | 452,444 | ||||
| Total noncurrent liabilities: | 336,084 | 565,108 | 875,234 | 1,771,655 | 2,917,330 | 1,259,286 | |||
| Total liabilities: | 430,488 | 799,823 | 1,679,076 | 1,984,553 | 3,201,660 | 1,679,875 | |||
| Temporary equity, including noncontrolling interest | 36,200 | 135,300 | 69,750 | ||||||
| Equity | |||||||||
| Equity, attributable to parent | 487,213 | 500,368 | 758,435 | 3,589,956 | 3,481,811 | 4,886,362 | |||
| Common stock | 8,796,406 | 8,244,301 | 7,938,571 | 7,482,809 | 7,168,557 | 6,373,544 | |||
| Additional paid in capital | 2,618,417 | 2,602,148 | 2,506,485 | 2,519,766 | 2,415,650 | 2,615,155 | |||
| Accumulated other comprehensive income (loss) | 535 | (16,051) | (13,860) | (42,282) | (34,240) | 220,899 | |||
| Accumulated deficit | (10,928,145) | (10,330,030) | (9,672,761) | (6,370,337) | (6,068,156) | (4,323,236) | |||
| Equity, attributable to noncontrolling interest | 139 | 1,587 | 4,341 | 4,709 | 221,758 | ||||
| Total equity: | 487,213 | 500,507 | 760,022 | 3,594,297 | 3,486,520 | 5,108,120 | |||
| TOTAL LIABILITIES AND EQUITY: | 917,701 | 1,300,330 | 2,439,098 | 5,615,050 | 6,823,480 | 6,857,745 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 TTM | 3/31/2025 | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 268,995 | 297,146 | 402,904 | 520,325 | 546,649 | 398,772 | ||
| Cost of revenue (Cost of Product and Service Sold) | (189,484) | (216,264) | (507,044) | (713,379) | (479,689) | (430,456) | ||
| Gross profit: | 79,511 | 80,882 | (104,140) | (193,054) | 66,960 | (31,684) | ||
| Operating expenses | (196,654) | (309,596) | (2,744,155) | (889,620) | (1,310,416) | (1,637,279) | ||
| Operating loss: | (117,143) | (228,714) | (2,848,295) | (1,082,674) | (1,243,456) | (1,668,963) | ||
| Nonoperating income (expense) | (479,854) | (241,937) | (466,025) | 753,341 | (387,876) | 224,329 | ||
| Other nonoperating income (expense) | (479,854) | (242,641) | (466,025) | 753,341 | (387,876) | 224,329 | ||
| Interest and debt expense | (1,422) | (105,352) | (126,160) | (103,944) | (8,459) | (6,716) | ||
| Loss from continuing operations before equity method investments, income taxes: | (598,419) | (576,003) | (3,440,480) | (433,277) | (1,639,791) | (1,451,350) | ||
| Loss from equity method investments | (100) | (52,629) | (64,420) | |||||
| Other undisclosed income from continuing operations before income taxes | 1,422 | 104,648 | 126,160 | 103,944 | 8,459 | 6,716 | ||
| Loss from continuing operations before income taxes: | (596,997) | (471,355) | (3,314,320) | (329,433) | (1,683,961) | (1,509,054) | ||
| Income tax expense (benefit) | (7,141) | (12,327) | 4,774 | 8,948 | 13,141 | 121,614 | ||
| Loss from continuing operations: | (604,138) | (483,682) | (3,309,546) | (320,485) | (1,670,820) | (1,387,440) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (320,485) | (1,670,820) | (1,387,440) | |
| Income (loss) from discontinued operations | 6,023 | (192,113) | ||||||
| Net loss: | (598,115) | (675,795) | (3,309,546) | (320,485) | (1,670,820) | (1,387,440) | ||
| Net income (loss) attributable to noncontrolling interest | 18,526 | 31,388 | 18,304 | (74,100) | 66,114 | |||
| Net loss available to common stockholders, diluted: | (598,115) | (657,269) | (3,278,158) | (302,181) | (1,744,920) | (1,321,326) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 TTM | 3/31/2025 | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (598,115) | (675,795) | (3,309,546) | (320,485) | (1,670,820) | (1,387,440) | ||
| Other comprehensive income (loss) | 13,120 | (13,251) | 57,929 | (24,172) | (255,139) | 226,804 | ||
| Comprehensive loss: | (584,995) | (689,046) | (3,251,617) | (344,657) | (1,925,959) | (1,160,636) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 31,388 | 18,304 | (74,100) | 66,114 | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 18,526 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (584,995) | (670,520) | (3,220,229) | (326,353) | (2,000,059) | (1,094,522) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.