Canopy Growth CGC
NASDAQ CGC
$0.96 0.00 (-0.34%)
As of: Sep 9, 2026 · 2:27 PM EDT

Canopy Growth (CGC) Operating Expenses (2019 - 2026)

Canopy Growth's (CGC) quarterly Operating Expenses came in at $32.1 million in Q2 2026, up 9.25% year-over-year from $29.3 million in Q2 2025, and down 64.87% quarter-over-quarter from $91.3 million in Q4 2025.

Analysis

Canopy Growth (CGC) Operating Expenses (2019 - 2026) Analysis & Trends

Canopy Growth has disclosed Operating Expenses across 8 years of filings, most recently posting $32.1 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 9.25% year-over-year to $32.1 million; the TTM figure through Jun 2026 stood at $180.9 million (up 19.42% YoY), while the FY2026 annual figure was $168.7 million, up 23.08% from the prior year.
  • Operating Expenses came in at $32.1 million for Q2 2026 at Canopy Growth, down from $91.3 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 $22.7 million in Q3 2023.
  • Average Operating Expenses over 5 years is $173.5 million, with a median of $58.0 million recorded in 2023.
  • Year-over-year, Operating Expenses surged 723.89% in 2022 and tumbled 96.46% in 2023.
  • Over 5 years, Operating Expenses stood at $86.9 million in 2022, then dropped by 25.13% to $65.0 million in 2023, then plunged by 47.26% to $34.3 million in 2024, then jumped by 166.06% to $91.3 million in 2025, then slumped by 64.87% to $32.1 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $32.1 million in Q2 2026, $91.3 million in Q4 2025, and $28.2 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Curaleaf Holdings 2.68 Bn 2.58 Bn 169.91 Mn 165.69 Mn
2 Trulieve Cannabis 2.31 Bn 1.98 Bn 162.29 Mn 532.81 Mn
3 Green Thumb Industries 1.72 Bn 1.43 Bn 137.87 Mn 117.91 Mn
4 Cronos 1.18 Bn 383.59 Mn 28.45 Mn 21.05 Mn
5 Glass House Brands 673.51 Mn 654.96 Mn 15.77 Mn 18.76 Mn
6 Vireo Growth 550.06 Mn 407.76 Mn 95.30 Mn 101.60 Mn
7 Tilray Brands 472.92 Mn 238.29 Mn 90.52 Mn 106.98 Mn
8 Verano Holdings 438.82 Mn 353.62 Mn 99.70 Mn 96.56 Mn
9 Canopy Growth 405.75 Mn 158.74 Mn 16.08 Mn 32.06 Mn
10 Sndl 365.15 Mn 232.60 Mn 40.74 Mn 31.60 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 32.06 Mn
Dec 31, 2025 91.27 Mn
Sep 30, 2025 28.19 Mn
Jun 30, 2025 29.35 Mn
Dec 31, 2024 34.30 Mn
Sep 30, 2024 49.69 Mn
Jun 30, 2024 38.12 Mn
Mar 31, 2024 90.69 Mn
Dec 31, 2023 65.04 Mn
Sep 30, 2023 22.70 Mn
Jun 30, 2023 50.93 Mn
Mar 31, 2023 355.39 Mn
Dec 31, 2022 86.87 Mn
Sep 30, 2022 113.91 Mn
Jun 30, 2022 1.44 Bn
Mar 31, 2022 246.45 Mn
Dec 31, 2021 126.97 Mn
Sep 30, 2021 114.57 Mn
Jun 30, 2021 174.87 Mn
Mar 31, 2021 192.00 Mn