Canopy Growth (CGC) EBITDA (2019 - 2025)

Canopy Growth's (CGC) quarterly EBITDA came in at -$18.9 million in Q4 2025, down 10.8% year-on-year from -$21.2 million in Q4 2024, and down 53.92% quarter-over-quarter from -$12.3 million in Q3 2025.

Canopy Growth (CGC) EBITDA (2019 - 2025) Analysis & Trends

Canopy Growth has disclosed EBITDA across 7 years of filings, most recently posting -$18.9 million for Q4 2025.

  • EBITDA for Q4 2025 came in at -$18.9 million, down 10.8% year-over-year; the trailing twelve-month figure through Dec 2025 was -$88.8 million (up 41.25% YoY), and the FY2025 annual result was -$110.3 million, up 35.04% from the prior year.
  • EBITDA came in at -$18.9 million for Q4 2025 at Canopy Growth, down from -$12.3 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $297.1 million in Q2 2021 to a low of -$1.6 billion in Q2 2022.
  • The 5-year median for EBITDA is -$60.3 million (2024), against an average of -$196.7 million.
  • Across the five-year window, EBITDA surged 332.72% in 2021 and plunged 1339.59% in 2022, its largest moves.
  • Canopy Growth's EBITDA stood at -$91.1 million in 2021, then sank by 94.18% to -$176.8 million in 2022, then advanced by 13.57% to -$152.8 million in 2023, then soared by 88.84% to -$17.1 million in 2024, then slipped by 10.8% to -$18.9 million in 2025.
  • The last three EBITDA figures came in at -$18.9 million (Q4 2025), -$12.3 million (Q3 2025), and -$16.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 652.00 Mn
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 833.00 Mn
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 325.80 Mn
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn -681,231.97
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 185.20 Mn
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 307.00 Mn
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn -67.29 Mn
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 81.33 Mn
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn -98.81 Mn
10 Canopy Growth 11.38 Mn -137.31 Mn 15.39 Mn -18.90 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -18.90 Mn
Sep 30, 2025 -12.28 Mn
Jun 30, 2025 -16.33 Mn
Mar 31, 2025 -41.35 Mn
Dec 31, 2024 -17.05 Mn
Sep 30, 2024 -33.68 Mn
Jun 30, 2024 -21.28 Mn
Mar 31, 2024 -79.21 Mn
Dec 31, 2023 -152.82 Mn
Sep 30, 2023 -252.89 Mn
Jun 30, 2023 -25.94 Mn
Mar 31, 2023 -455.53 Mn
Dec 31, 2022 -176.81 Mn
Sep 30, 2022 -226.61 Mn
Jun 30, 2022 -1.62 Bn
Mar 31, 2022 -473.57 Mn
Dec 31, 2021 -91.06 Mn
Sep 30, 2021 18.28 Mn
Jun 30, 2021 297.05 Mn
Mar 31, 2021 -535.96 Mn