SNDL Reports Third Quarter 2026 Financial and Operational Results
SNDL reported Q3 2026 net revenue of C$238.0 million, down 2.5% year-over-year, with a C$52 million goodwill impairment driving a C$50.8 million net loss. Underlying performance improved: adjusted operating income turned positive at C$5.2 million (up C$14.8 million YoY) and free cash flow hit a quarterly record of C$20.0 million, while Cannabis Operations revenue fell 27.7% on its exit from dried flower.
Key figures
- Revenue
- 237994000
- Guidance
- Cannabis Operations cost reductions expected to contribute from Q4 2026; strategic review of Cannabis Operations initiated
- Revenue Yoy
- -2.5%
- Fcf yoy
- 19.5%
- Gross margin
- 24.3%
- Gross profit
- 57886000
- Sib max value
- C$50 million
- Free cash flow
- 19954000
- Adjusted ebitda
- 15816000
- Shares bought ytd
- 23088153
- Goodwill impairment
- 52000000
- Parallel debt reduction
- US$842 million
- Parallel indirect equity
- approximately 92%
- Adjusted operating income
- 5249000
- Cash securities investments
- 617800000
- Cannabis operations revenue yoy
- -27.7%
AI analysis
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