Canopy Growth Corporation (CGC) Revenue History
Annual and quarterly revenue from 2009 to present
CGC Revenue Over Time (2009–2025)
CGC Revenue Growth History
9 of 15 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +717.5%
- FY2011 revenue growth
- +6.1%
- FY2012 revenue growth
- -13.0%
- FY2013 revenue growth
- -100.0%
- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- +569.5%
- FY2016 revenue growth
- +214.2%
- FY2017 revenue growth
- +95.4%
- FY2018 revenue growth
- +190.4%
- FY2019 revenue growth
- +76.2%
- FY2020 revenue growth
- +37.1%
- FY2021 revenue growth
- -13.0%
- FY2022 revenue growth
- -29.9%
- FY2023 revenue growth
- -10.8%
- FY2024 revenue growth
- -9.5%
- FY2025 revenue growth
- +5.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $71.2M | +9.6% |
| Q3 2025 | $102.3M | +36.8% |
| Q2 2025 | $66.7M | +5.9% |
| Q1 2025 | $72.1M | +8.9% |
| Q4 2024 | $65.0M | -10.7% |
| Q3 2024 | $74.8M | -4.8% |
| Q2 2024 | $63.0M | -9.5% |
| Q1 2024 | $66.2M | -13.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CGC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CGC Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 23, 2026, Canopy Growth Corporation (CGC) generated trailing twelve-month (TTM) revenue of $312.3 million, reflecting solid growth of +9.6% year-over-year. The most recent quarter (Q4 2025) recorded $71.2 million in revenue, down 30.3% sequentially.
Historical Growth Trajectory
CGC's 5-year compound annual growth rate (CAGR) stands at -12.2%, indicating revenue contraction over this period. The 3-year CAGR of -5.1% exceeds the 5-year average, indicating an acceleration in the most recent period. Canopy Growth Corporation's highest annual revenue of $546.6 million was recorded in 2020.
Revenue by Segment
CGC's revenue is primarily driven by Other Revenue (0%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Healthcare sector peers — including ACB (-9.4% YoY), TLRY (+3.0% YoY), and CRON (+65.1% YoY) — CGC has underperformed the peer group in revenue growth. Compare CGC vs ACB →
CGC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CGCCurrent | $312M | +9.6% | -12.2% | -56.8% | |
 ACB | $321M | -9.4% | +5.6% | -50.8% | |
 TLRY | $1.1B | +3.0% | +22.7% | -277.9% | |
 CRON | $193M | +65.1% | +32.9% | -1.5% | |
 OGI | $186M | +32.6% | +16.5% | -34.1% | |
 STZ | $10.2B | -7.9% | +4.1% | 35.5% |
CGC Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $284.6M | +5.8% | $69.7M | 24.5% | $-161,659,000 | -56.8% |
| 2024 | $269.0M | -9.5% | $79.5M | 29.6% | $-117,143,000 | -43.5% |
| 2023 | $297.1M | -10.8% | $80.9M | 27.2% | $-228,714,000 | -77.0% |
| 2022 | $333.3M | -29.9% | $-63,529,000 | -19.1% | $-2,630,514,000 | -789.3% |
| 2021 | $475.7M | -13.0% | $-187,414,000 | -39.4% | $-1,018,799,000 | -214.2% |
| 2020 | $546.6M | +37.1% | $67.0M | 12.2% | $-1,243,456,000 | -227.5% |
| 2019 | $398.8M | +76.2% | $-31,684,000 | -7.9% | $-1,668,963,000 | -418.5% |
| 2018 | $226.3M | +190.4% | $88.9M | 39.3% | $-615,210,167 | -271.8% |
| 2017 | $77.9M | +95.4% | $74.2M | 95.2% | $-107,772,881 | -138.3% |
| 2016 | $39.9M | +214.2% | $38.7M | 97.0% | $-14,083,000 | -35.3% |
| 2015 | $12.7M | +569.5% | $19.0M | 149.5% | $-2,749,000 | -21.6% |
| 2014 | $1.9M | - | $414K | 21.8% | $-6,564,800 | -346.1% |
| 2013 | $0 | -100.0% | $0 | - | $-931,657 | - |
| 2012 | $4K | -13.0% | $4K | 100.0% | $-64,608 | -1559.1% |
| 2011 | $5K | +6.1% | $0 | - | $-21,393 | -449.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CGC — Frequently Asked Questions
Quick answers to the most common questions about buying CGC stock.
Is CGC's revenue growth accelerating or slowing?
CGC revenue growth is holding steady at +9.6% year-over-year. TTM revenue is $312M. The current growth rate closely tracks the 5-year CAGR of -12.2%, signalling consistent execution.
What is CGC's revenue history from 2009 to 2026?
Canopy Growth Corporation (CGC) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $312M, growing at +9.6% YoY. The 5-year CAGR is -12.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CGC's long-term revenue growth rate (CAGR)?
Canopy Growth Corporation's 5-year revenue CAGR of -12.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +9.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CGC.
Why does CGC's quarterly revenue fluctuate?
CGC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Canopy Growth Corporation's revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is CGC's revenue distributed by segment?
CGC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CGC's revenue compare to industry peers?
Canopy Growth Corporation (CGC) with TTM revenue of $312M and +9.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.