SNDL SNDL Inc. - Common Shares
NASDAQ · Pharmaceuticals · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 12, 2026
$1.24
· of 52w range
· above low
· to high
$1.1752w low
$2.8952w high
P/E
-27.7
EPS
$-0.06
Revenue
$946M
your badges
52W Range
$1–$3
Analyst Rating
BUY
Price Target
$3
P/E
-27.7
ROE
-1.4%
Net Profit Margin
-1.7%
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SNDL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.24
P/E
-27.7
EPS
$-0.06
Revenue
$946M
ROE
-1.4%
52W Range
$1–$3
SNDL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| July 26, 2022 | 1-for-10 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$946M2019-12-31 → 2025-12-31
EPS$-0.062022-12-31 → 2025-12-31
Free Cash Flow$58M2019-12-31 → 2025-12-31
Net margin-1.7%2019-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | SNDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -27.75Y avg ≈-9.1 | ≈-9.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | SNDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 27.3%5Y avg ≈15.5% | ≈15.5% | · | · | |
| Operating Margin | -0.67%5Y avg ≈-66.3% | ≈-66.3% | · | · | |
| EBITDA Margin | 4.8%5Y avg ≈-59.7% | ≈-59.7% | · | · | |
| Pretax Margin | -1.7%5Y avg ≈-111.6% | ≈-111.6% | · | · | |
| Net Profit Margin | -1.7%5Y avg ≈-110.2% | ≈-110.2% | · | · | |
| ROA | -1.2%5Y avg ≈-11.4% | ≈-11.4% | · | · | |
| ROE | -1.4%5Y avg ≈-12.9% | ≈-12.9% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | SNDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 4.95Y avg ≈6.2 | ≈6.2 | · | · | |
| Quick Ratio | 2.75Y avg ≈3.9 | ≈3.9 | · | · | |
| Interest Coverage | -0.95Y avg ≈-1332.2 | ≈-1332.2 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | SNDL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.75Y avg ≈0.5 | ≈0.5 | · | · | |
| Inventory Turnover | 5.4 | · | · | · | |
| Revenue / Employee | ≈$344.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
122.3%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 7, 2026 | $-0.03 | $-0.01 | — |
| March 31, 2026 | May 13, 2026 | $-0.04 | $-0.05 | 12.9% |
| Dec. 31, 2025 | $0.04 | $-0.01 | 499.6% | |
| Sept. 30, 2025 | $-0.06 | $-0.03 | -83.9% | |
| June 30, 2025 | $0.01 | $-0.05 | 119.6% | |
| March 31, 2025 | $-0.03 | $-0.08 | 63.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $946M | $920M | $909M | $712M | $56M | $61M | $64M | |
| Cost of Revenue | $688M | $680M | $719M | · | · | · | $56M | |
| Gross Profit | $259M | $240M | $190M | $140M | $-9M | $-50M | $36M | |
| R&D Expense | $489.0K | $346.0K | $324.0K | $2M | $2M | $488.0K | $2M | |
| SG&A Expense | $182M | $187M | $200M | $140M | $38M | $32M | $39M | |
| Operating Income | $-6M | $-104M | $-163M | $-348M | $-134M | $-185M | $-52M | |
| Interest Expense | $7M | $7M | $11M | $178.0K | $40.0K | $8M | $14M | |
| Interest Income | · | · | · | $17M | $13M | · | · | |
| Pretax Income | $-16M | $-106M | $-172M | $-380M | $-235M | $-206M | $-146M | |
| Net Income | $-16M | $-95M | $-173M | $-335M | $-227M | $-233M | $-271M | |
| EPS (Basic) | $-0.06 | $-0.36 | $-0.67 | $-1.46 | · | · | · | |
| EPS (Diluted) | $-0.06 | $-0.36 | $-0.67 | $-1.46 | · | · | · | |
| Shares (Basic) | 258,054 | 264,196 | 259,371 | 229,871 | 186,038 | 21,865 | 85,750 | |
| EBITDA | $46M | $-50M | $-103M | · | $-127M | $-181M | $-155M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $252M | $218M | $195M | $280M | $558M | $60M | $45M | |
| Inventory | $127M | $128M | $129M | $128M | $30M | $26M | $60M | |
| Current Assets | $450M | $462M | $407M | $501M | $728M | $118M | $173M | |
| PP&E (Net) | $152M | $146M | $153M | $143M | $56M | $117M | $282M | |
| Goodwill | $124M | $124M | $119M | $67M | $72M | · | $11M | |
| Intangibles | $59M | $61M | $73M | $75M | $50M | $5M | $44M | |
| Total Assets | $1.34B | $1.35B | $1.47B | $1.56B | $1.43B | $295M | $510M | |
| Current Liabilities | $92M | $91M | $103M | $89M | $66M | $24M | $269M | |
| Total Liabilities | $235M | $216M | $244M | $232M | $98M | $25M | $289M | |
| Retained Earnings | $-1.30B | $-1.32B | $-1.26B | $-1.09B | $-785M | $-558M | $-360M | |
| Stockholders' Equity | $1.10B | $1.13B | $1.21B | $1.31B | $1.33B | $272M | $216M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $52M | $54M | $60M | $41M | $5M | $5M | $595.0K | |
| Other Non-cash | $35M | $95M | $91M | · | $70M | $177M | $155M | |
| Operating Cash Flow | $71M | $55M | $-17M | $-7M | $-156M | $-57M | $-113M | |
| CapEx | $13M | $9M | $8M | $11M | $4M | $3M | $110M | |
| Investing Cash Flow | $17M | $18M | $-25M | $-230M | $-496M | $-71M | $-213M | |
| Financing Cash Flow | $-54M | $-49M | $-43M | $-42M | $1.15B | $143M | $358M | |
| Free Cash Flow | $58M | $46M | $-24M | · | $-159M | $-61M | $-251M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.3% | 26.1% | 20.9% | · | -12.4% | -81.9% | · | |
| Operating Margin | -0.67% | -11.3% | -17.9% | · | -235.4% | -304.3% | -209.9% | |
| Net Margin | -1.7% | -10.3% | -18.5% | · | -410.5% | -393.4% | -357.9% | |
| Pretax Margin | -1.7% | -11.5% | -18.9% | · | -414.1% | -338.7% | -364.2% | |
| EBITDA Margin | 4.8% | -5.4% | -11.3% | · | -227.0% | -296.6% | -204.5% | |
| ROA | -1.2% | -6.7% | -11.1% | · | -26.8% | -59.6% | -87.5% | |
| ROE | -1.4% | -8.1% | -13.4% | · | -28.8% | -99.5% | -260.3% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.9 | 5.1 | 3.9 | · | 11.1 | 4.9 | 0.6 | |
| Quick Ratio | 2.7 | 2.4 | 1.9 | · | 8.5 | 2.5 | 0.2 | |
| Interest Coverage | -0.9 | -14.5 | -2010.1 | · | -3303.3 | -23.9 | -9.6 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.6 | · | 0.1 | 0.2 | 0.2 | |
| Inventory Turnover | 5.4 | 5.3 | · | · | · | · | 1.8 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| EPS (TTM) | $-0.06 | $-0.36 | $-0.67 | $-1.46 | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $946M | $920M | $909M | $712M | $56M | $61M | $64M | |
| Net Income TTM | $-16M | $-95M | $-173M | $-335M | $-227M | $-233M | $-271M | |
| P/E | -27.7 | -5.0 | -2.4 | -1.4 | · | · | · | |
| Earnings Yield | -3.6% | -20.1% | -40.8% | -69.9% | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2020 |
|---|---|---|
| Revenue TTM | $61M | |
| Net Income TTM | $-233M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $946M | $920M | $909M | $712M | $56M |
| Gross Margin % | 27.3% | 26.1% | 20.9% | · | -12.4% |
| Operating Margin % | -0.67% | -11.3% | -17.9% | · | -235.4% |
| Net Income | $-16M | $-95M | $-173M | $-335M | $-227M |
| Diluted EPS | $-0.06 | $-0.36 | $-0.67 | $-1.46 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.9 | 5.1 | 3.9 | · | 11.1 |
| Quick Ratio | 2.7 | 2.4 | 1.9 | · | 8.5 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $58M | $46M | $-24M | · | $-159M |
Institutional owners (13F) 123 filers · $73.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
123
Value held
$73.7M
New positions
15
Exited positions
17
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 15 (+2 vs prior Q) | 17 (-4 vs prior Q) | 33 (-5 vs prior Q) | 32 (+5 vs prior Q) | -4.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| MORGAN STANLEY | $13,788,920 | 10,214,013 | 18.72% | Shares |
| CANNELL CAPITAL LLC | $11,663,164 | 8,639,381 | 15.83% | Shares |
| Toroso Investments, LLC | $8,588,671 | 5,173,898 | 11.66% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3,178,533 | 2,357,401 | 4.31% | Shares |
| CITADEL ADVISORS LLC | $2,922,860 | 2,165,081 | 3.97% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,857,275 | 2,116,500 | 3.88% | Put option |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $2,853,868 | 2,113,976 | 3.87% | Shares |
| GOLDMAN SACHS GROUP INC | $2,660,130 | 1,970,467 | 3.61% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,583,114 | 1,913,418 | 3.51% | Shares |
| Ewing Morris & Co. Investment Partners Ltd. | $1,994,103 | 1,481,222 | 2.71% | Shares |
| JPMORGAN CHASE & CO | $1,742,323 | 1,262,553 | 2.37% | Shares |
| JANE STREET GROUP, LLC | $1,572,876 | 1,165,093 | 2.14% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,419,919 | 1,051,792 | 1.93% | Shares |
| Man Group plc | $1,227,785 | 909,470 | 1.67% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $1,166,985 | 864,433 | 1.58% | Shares |
| CITADEL ADVISORS LLC | $1,092,555 | 809,300 | 1.48% | Put option |
| OneDigital Investment Advisors LLC | $789,932 | 585,135 | 1.07% | Shares |
| WINTON GROUP Ltd | $675,612 | 500,453 | 0.92% | Shares |
| STATE STREET CORP | $613,471 | 454,423 | 0.83% | Shares |
| WOLVERINE TRADING, LLC | $601,430 | 219,500 | 0.82% | Call option |
| SIMPLEX TRADING, LLC | $597,613 | 442,677 | 0.81% | Shares |
| GROUP ONE TRADING LLC | $583,002 | 431,853 | 0.79% | Shares |
| AdvisorShares Investments LLC | $540,983 | 400,728 | 0.73% | Shares |
| Cubist Systematic Strategies, LLC | $538,248 | 200,839 | 0.73% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $442,888 | 328,065 | 0.60% | Shares |
| Cable Car Capital, LP | $413,363 | 306,195 | 0.56% | Shares |
| BlackRock, Inc. | $407,214 | 301,640 | 0.55% | Shares |
| SkyView Investment Advisors, LLC | $338,000 | 250,000 | 0.46% | Shares |
| RBF Capital, LLC | $337,500 | 250,000 | 0.46% | Shares |
| Baader Bank Aktiengesellschaft | $337,500 | 250,000 | 0.46% | Shares |
| CITADEL ADVISORS LLC | $336,960 | 249,600 | 0.46% | Call option |
| UBS Group AG | $309,798 | 229,480 | 0.42% | Shares |
| Magnus Financial Group LLC | $309,482 | 229,246 | 0.42% | Shares |
| State of Wyoming | $235,023 | 174,091 | 0.32% | Shares |
| MILLENNIUM MANAGEMENT LLC | $228,938 | 169,584 | 0.31% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $222,615 | 164,900 | 0.30% | Shares |
| Qube Research & Technologies Ltd | $222,122 | 164,535 | 0.30% | Shares |
| BANK OF AMERICA CORP /DE/ | $216,997 | 160,738 | 0.29% | Shares |
| JANE STREET GROUP, LLC | $203,175 | 150,500 | 0.28% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $202,905 | 150,300 | 0.28% | Call option |
| WOLVERINE TRADING, LLC | $196,184 | 71,600 | 0.27% | Put option |
| IMC-Chicago, LLC | $166,186 | 123,101 | 0.23% | Shares |
| Leonteq Securities AG | $165,347 | 122,479 | 0.22% | Shares |
| Quadrature Capital Ltd | $160,398 | 118,813 | 0.22% | Shares |
| Aquatic Capital Management LLC | $152,088 | 112,658 | 0.21% | Shares |
| Federation des caisses Desjardins du Quebec | $145,570 | 108,255 | 0.20% | Shares |
| Connective Capital Management, LLC | $129,136 | 95,656 | 0.18% | Shares |
| JANE STREET GROUP, LLC | $125,145 | 92,700 | 0.17% | Put option |
| XTX Topco Ltd | $120,509 | 89,266 | 0.16% | Shares |
| Headlands Technologies LLC | $105,293 | 77,995 | 0.14% | Shares |
SNDL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$3.46
+179.4%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-01Mean target $3.46 +179.4%
Low$3.46
Mean$3.46
High$3.46
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Source: SEC 40-F filed Mar 12, 2026