| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 66.68 | 7.6% | 5.9% |
| Total Income | 66.68 | 7.6% | 5.9% |
| Expenditure | 83.58 | 11.8% | 23.3% |
| PBT | -1.43 | 96.5% | 98.9% |
| Net Profit | -1.64 | 96.0% | 98.7% |
| OPM | -25.34% | 6.03pp | 47.60pp |
| NPM | -2.46% | 55.11pp | |
| EPS | -0.01 | 95.5% | 99.3% |
Canopy Growth Reports Q2 FY2026 Financial Results
04 May 2026 · 4 May, 7:36 am
Summary
Canopy Growth Corporation announced its Q2 FY2026 financial results, with consolidated net revenue reaching $67 million, a 6% increase compared to Q2 FY2025. Canada adult-use cannabis revenue increased by 30% and Canada medical revenue increased by 17%. The company's operating loss improved by 63% to $17 million. Management is focused on strengthening the balance sheet and improving the path to profitability through cost reductions and margin expansion.
Key Highlights
- 1
Consolidated net revenue in Q2 FY2026 was $67 million, representing an increase of 6% compared to Q2 FY2025.
- 2
Canada adult-use cannabis net revenue in Q2 FY2026 was $24 million, representing an increase of 30% compared to Q2 FY2025.
- 3
Canada medical cannabis net revenue in Q2 FY2026 was $22 million, representing an increase of 17% compared to Q2 FY2025.
- 4
Consolidated gross margin in Q2 FY2026 was 33%, representing a decrease of 200 basis points compared to Q2 FY2025.
- 5
Operating loss from continuing operations was $17 million in Q2 FY2026, representing an improvement of 63% compared to Q2 FY2025.
- 6
Adjusted EBITDA loss was $3 million in Q2 FY2026, compared to $6 million in Q2 FY2025.
- 7
The Company has captured $21 million of annualized savings since March 1, 2025 and continues to look for additional efficiencies.
Management Comments
Luc Mongeau
We’re building a stronger, more competitive company defined by continued momentum in Canada adult-use cannabis, consistent growth in Canada medical cannabis, and a disciplined approach to strengthening our balance sheet. Together, these actions give me confidence in our ability to sustain progress and deliver results for quarters to come.
Tom Stewart
Our financial discipline continues to improve our path to profitability. Through cost reductions, margin expansion, and balance sheet strength, we’re building a more resilient company poised for long term success.
Informational and educational content only. Not investment advice.