Sndl (SNDL) Operating Expenses (2018 - 2026)
Sndl (SNDL) reported Operating Expenses of $34.1 million for Q1 2026, up 4.63% on a YoY basis from $32.6 million in Q1 2025, and up 4.23% quarter-over-quarter from $32.7 million in Q4 2025.
Sndl (SNDL) Operating Expenses (2018 - 2026) Analysis & Trends
Sndl has reported Operating Expenses for 9 years, with the latest figure at $34.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 4.63% year-over-year to $34.1 million; the trailing twelve-month figure through Mar 2026 stood at $134.6 million (down 2.8% YoY), and the FY2025 full-year result was $133.1 million, down 4.21% from the prior year.
- Operating Expenses for Q1 2026 stood at $34.1 million, up from $32.7 million in the prior quarter.
- The five-year high for Operating Expenses was $146.8 billion in Q4 2023, with the low at -$70.6 billion in Q4 2022.
- Historically, Operating Expenses has averaged $8.5 billion across 5 years, with a median of $34.3 million in 2025.
- The largest YoY upside for Operating Expenses was 891577.3% in 2022 against a maximum downside of 392993.68% in 2022.
- Sndl's Operating Expenses stood at -$70.6 billion in 2022, then surged by 307.94% to $146.8 billion in 2023, then plunged by 99.98% to $32.4 million in 2024, then increased by 1.0% to $32.7 million in 2025, then gained by 4.23% to $34.1 million in 2026.
- The last three Operating Expenses figures came in at $34.1 million (Q1 2026), $32.7 million (Q4 2025), and $34.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 179,394,718.17 Bn | 179,394,718.17 Bn | - | - |
| 2 | Sndl | 2.36 Bn | 2.20 Bn | 38.51 Mn | 34.11 Mn |
| 3 | Mgp Ingredients | 351.86 Mn | 339.85 Mn | 33.58 Mn | 21.07 Mn |
| 4 | Agencia Comercial Spirits | 246.49 Mn | 230.66 Mn | - | - |
| 5 | LQR House | 18.69 Mn | 14.23 Mn | -22,236.00 | 2.89 Mn |
| 6 | Willamette Valley Vineyards | 13.89 Mn | 13.49 Mn | 5.03 Mn | 5.71 Mn |
| 7 | Epsium Enterprise | 5.34 Mn | 3.32 Mn | - | - |
| 8 | Splash Beverage | 854,741.06 | 473,546.06 | 1,848.00 | 980,818.00 |
| 9 | Diageo | - | - | - | - |
| 10 | Splash Beverage | - | - | 1,848.00 | 980,818.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.11 Mn |
| Dec 31, 2025 | 32.73 Mn |
| Sep 30, 2025 | 34.34 Mn |
| Jun 30, 2025 | 33.42 Mn |
| Mar 31, 2025 | 32.61 Mn |
| Dec 31, 2024 | 32.41 Mn |
| Sep 30, 2024 | 38.10 Mn |
| Jun 30, 2024 | 35.36 Mn |
| Mar 31, 2024 | 33.32 Mn |
| Dec 31, 2023 | 146.83 Bn |
| Sep 30, 2023 | 36.55 Mn |
| Jun 30, 2023 | 42.28 Mn |
| Mar 31, 2023 | 37.17 Mn |
| Dec 31, 2022 | -70.61 Bn |
| Sep 30, 2022 | 35.35 Bn |
| Jun 30, 2022 | 31.91 Bn |
| Mar 31, 2022 | 3.39 Mn |
| Dec 31, 2021 | 17.97 Mn |
| Sep 30, 2021 | 3.96 Mn |
| Jun 30, 2021 | 8.17 Mn |