SNDL Inc. (SNDL) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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SNDL Revenue Growth
Revenue Breakdown (FY 2022)
SNDL's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
SNDL Revenue Analysis (2017–2025)
As of May 8, 2026, SNDL Inc. (SNDL) generated trailing twelve-month (TTM) revenue of $937.4 million, reflecting slight decline in growth of -4.4% year-over-year. The most recent quarter (Q1 2026) recorded $195.9 million in revenue, down 22.4% sequentially.
Looking at the longer-term picture, SNDL's 5-year compound annual growth rate (CAGR) stands at +73.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $946.4 million in 2025, representing a new all-time high.
Revenue diversification analysis shows SNDL's business is primarily driven by Cannabis (100%). With over half of revenue concentrated in Cannabis, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including CRON (+64.4% YoY), CGC (+6.3% YoY), and ACB (+12.8% YoY), SNDL has underperformed the peer group in terms of revenue growth. Compare SNDL vs CRON →
SNDL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SNDLCurrent | $937M | -4.4% | +73.1% | -0.5% | |
 CRON | $193M | +64.4% | +32.9% | -1.5% | |
 CGC | $269M | +6.3% | -7.6% | -43.5% | |
 ACB | $343M | +12.8% | +5.0% | 1.4% | |
 TLRY | $1.1B | +3.0% | +22.7% | -277.9% | |
 OGI | $186M | +68.5% | +16.5% | -34.1% |
SNDL Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $946.4M | +2.8% | $258.6M | 27.3% | $-4,421,000 | -0.5% |
| 2024 | $920.4M | +1.3% | $240.3M | 26.1% | $-103,811,000 | -11.3% |
| 2023 | $909.0M | +27.6% | $190.4M | 20.9% | $-163,171,000 | -18.0% |
| 2022 | $712.2M | +1168.9% | $140.4M | 19.7% | $-347,774,000 | -48.8% |
| 2021 | $56.1M | -7.9% | $-9,001,000 | -16.0% | $-134,376,000 | -239.4% |
| 2020 | $60.9M | -4.2% | $-49,869,000 | -81.9% | $-185,404,000 | -304.4% |
| 2019 | $63.6M | +558.6% | $36.5M | 57.4% | $-52,371,000 | -82.4% |
| 2018 | $9.7M | - | $366K | 3.8% | $-12,885,000 | -133.5% |
| 2017 | $0 | - | $0 | - | $-1,528,650 | - |
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Start ComparisonSNDL — Frequently Asked Questions
Quick answers to the most common questions about buying SNDL stock.
Is SNDL's revenue growth accelerating or slowing?
SNDL revenue growth slowed to -4.4%, below the 5-year CAGR of +73.1%. TTM revenue is $937M. The deceleration marks a shift from historical growth rates.
What is SNDL's long-term revenue growth rate?
SNDL Inc.'s 5-year revenue CAGR of +73.1% reflects the variable expansion pattern. Current YoY growth of -4.4% is near this long-term average.
How is SNDL's revenue distributed by segment?
SNDL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.