Canopy Growth (CGC) Operating Expenses (2019 - 2025)

Canopy Growth has disclosed Operating Expenses across 7 years of filings, most recently posting $34.3 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $34.3 million, changed 0.04% year-over-year; the trailing twelve-month figure through Dec 2025 was $111.9 million (down 47.41% YoY), and the FY2025 annual result was $137.1 million, down 40.35% from the prior year.
• Operating Expenses came in at $34.3 million for Q4 2025 at Canopy Growth, up from $28.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.4 billion in Q2 2022 to a low of $20.1 million in Q1 2025.
• The 5-year median for Operating Expenses is $76.0 million (2022), against an average of $165.8 million.
• Across the five-year window, Operating Expenses jumped 723.89% in 2022 and plunged 96.46% in 2023, its largest moves.
• Canopy Growth's Operating Expenses stood at $127.0 million in 2021, then sank by 31.58% to $86.9 million in 2022, then dropped by 25.13% to $65.0 million in 2023, then slumped by 47.26% to $34.3 million in 2024, then retreated by 0.04% to $34.3 million in 2025.
• The last three Operating Expenses figures came in at $34.3 million (Q4 2025), $28.2 million (Q3 2025), and $29.3 million (Q2 2025), per Business Quant data.