Canopy Growth (CGC) Cost of Revenue (2019 - 2025)

Canopy Growth has disclosed Cost of Revenue across 7 years of filings, most recently posting $38.1 million for Q4 2025.

• Cost of Revenue for Q4 2025 came in at $38.1 million, up 4.94% year-over-year; the trailing twelve-month figure through Dec 2025 was $147.6 million (up 5.03% YoY), and the FY2025 annual result was $132.1 million, down 17.72% from the prior year.
• Cost of Revenue came in at $38.1 million for Q4 2025 at Canopy Growth, up from $32.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $174.3 million in Q1 2022 to a low of $30.2 million in Q3 2024.
• The 5-year median for Cost of Revenue is $44.5 million (2023), against an average of $67.8 million.
• Across the five-year window, Cost of Revenue soared 96.35% in 2021 and slumped 57.8% in 2022, its largest moves.
• Canopy Growth's Cost of Revenue stood at $103.8 million in 2021, then tumbled by 43.51% to $58.7 million in 2022, then plunged by 37.04% to $36.9 million in 2023, then slipped by 1.8% to $36.3 million in 2024, then climbed by 4.94% to $38.1 million in 2025.
• The last three Cost of Revenue figures came in at $38.1 million (Q4 2025), $32.5 million (Q3 2025), and $39.0 million (Q2 2025), per Business Quant data.