Canopy Growth (CGC) Cost of Revenue (2019 - 2026)
Canopy Growth's (CGC) quarterly Cost of Revenue came in at $42.6 million in Q2 2026, up 9.11% year-over-year from $39.0 million in Q2 2025, and down 60.9% quarter-over-quarter from $109.0 million in Q4 2025.
Analysis
Canopy Growth (CGC) Cost of Revenue (2019 - 2026) Analysis & Trends
Canopy Growth has disclosed Cost of Revenue across 8 years of filings, most recently posting $42.6 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 9.11% year-over-year to $42.6 million; the TTM figure through Jun 2026 stood at $223.1 million (up 62.82% YoY), while the FY2026 annual figure was $156.7 million, up 18.69% from the prior year.
- Cost of Revenue came in at $42.6 million for Q2 2026 at Canopy Growth, down from $109.0 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.
- Average Cost of Revenue over 5 years is $60.5 million, with a median of $42.6 million recorded in 2024.
- Year-over-year, Cost of Revenue sank 57.8% in 2022 and soared 200.44% in 2025.
- Over 5 years, Cost of Revenue stood at $58.7 million in 2022, then slumped by 37.04% to $36.9 million in 2023, then slipped by 1.8% to $36.3 million in 2024, then soared by 200.44% to $109.0 million in 2025, then tumbled by 60.9% to $42.6 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $42.6 million in Q2 2026, $109.0 million in Q4 2025, and $32.5 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.69 Bn | 2.60 Bn | 169.91 Mn | 170.19 Mn |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.99 Bn | 162.29 Mn | 108.66 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | 168.81 Mn |
| 4 | Cronos | 1.18 Bn | 385.45 Mn | 28.45 Mn | 24.17 Mn |
| 5 | Glass House Brands | 674.33 Mn | 655.78 Mn | 15.77 Mn | 31.25 Mn |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | 114.00 Mn |
| 7 | Tilray Brands | 475.19 Mn | 240.56 Mn | 90.52 Mn | 191.19 Mn |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | 118.22 Mn |
| 9 | Canopy Growth | 407.23 Mn | 160.22 Mn | 16.08 Mn | 42.60 Mn |
| 10 | Sndl | 363.86 Mn | 231.31 Mn | 40.74 Mn | 129.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.60 Mn |
| Dec 31, 2025 | 108.96 Mn |
| Sep 30, 2025 | 32.54 Mn |
| Jun 30, 2025 | 39.04 Mn |
| Dec 31, 2024 | 36.27 Mn |
| Sep 30, 2024 | 30.17 Mn |
| Jun 30, 2024 | 31.57 Mn |
| Mar 31, 2024 | 42.54 Mn |
| Dec 31, 2023 | 36.93 Mn |
| Sep 30, 2023 | 34.44 Mn |
| Jun 30, 2023 | 46.53 Mn |
| Mar 31, 2023 | 98.05 Mn |
| Dec 31, 2022 | 58.66 Mn |
| Sep 30, 2022 | 67.90 Mn |
| Jun 30, 2022 | 87.46 Mn |
| Mar 31, 2022 | 174.27 Mn |
| Dec 31, 2021 | 103.83 Mn |
| Sep 30, 2021 | 160.88 Mn |
| Jun 30, 2021 | 88.65 Mn |
| Mar 31, 2021 | 109.54 Mn |