Sndl (SNDL) Cost of Revenue (2019 - 2026)
Sndl (SNDL) posted Cost of Revenue of $128.66 million for Q3 2026, down 1.7% from $130.82 million a year earlier and down 0.8% from the prior quarter.
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Analysis
Sndl (SNDL) Cost of Revenue (2019 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Cost of Revenue at Sndl was $493.41 million, down 0.8% year-over-year; for FY2025, it came in at $492.24 million, down 0.9% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 66.4% (FY2020 to FY2025).
- In prior years, Sndl's Cost of Revenue was $496.76 million in FY2024 (-6.7%), $532.6 million in FY2023 (+24.1%), $429.26 million in FY2022 (+962.9%) and $40.39 million in FY2021 (+4.6%).
- Quarterly Cost of Revenue has run from a low of $9.08 million in Q4 2021 to a high of $140.97 million in Q3 2023 over five years.
- On a year-over-year basis, Cost of Revenue increased in four of the last eight quarters, with an average decline of 0.8%.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q1 2023, with growth of 936.6%; the weakest was Q3 2024, with a decline of 9.6%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $129.71 million (Q2 2026), $104.34 million (Q1 2026) and $130.7 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 3.58 Bn |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 1.50 Bn |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 82.40 Mn |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 182.17 Mn |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 112.41 Mn |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 82.20 Mn |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 177.62 Mn |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 29.53 Mn |
| 10 | Sndl | 366.07 Mn | -193.98 Mn | 41.35 Mn | 128.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 128.66 Mn |
| Jun 30, 2026 | 129.71 Mn |
| Mar 31, 2026 | 104.34 Mn |
| Dec 31, 2025 | 130.70 Mn |
| Sep 30, 2025 | 130.82 Mn |
| Jun 30, 2025 | 127.86 Mn |
| Mar 31, 2025 | 103.33 Mn |
| Dec 31, 2024 | 135.21 Mn |
| Sep 30, 2024 | 127.50 Mn |
| Jun 30, 2024 | 124.27 Mn |
| Mar 31, 2024 | 109.35 Mn |
| Dec 31, 2023 | 140.38 Mn |
| Sep 30, 2023 | 140.97 Mn |
| Jun 30, 2023 | 133.99 Mn |
| Mar 31, 2023 | 117.24 Mn |
| Dec 31, 2022 | 140.25 Mn |
| Sep 30, 2022 | 137.32 Mn |
| Jun 30, 2022 | 136.70 Mn |
| Mar 31, 2022 | 11.31 Mn |
| Dec 31, 2021 | 9.08 Mn |
API Access
Sndl Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SNDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();