Sndl (SNDL) Operating Expenses (2018 - 2026)
Sndl's (SNDL) quarterly Operating Expenses came in at $31.6 million in Q2 2026, down 5.44% YoY from $33.4 million in Q2 2025, and down 7.38% on a QoQ basis from $34.1 million in Q1 2026.
Sndl (SNDL) Operating Expenses (2018 - 2026) Analysis & Trends
Sndl (SNDL) has 9 years of Operating Expenses data on file, last reported at $31.6 million in Q2 2026.
- Quarterly Operating Expenses fell 5.44% year-over-year to $31.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $132.8 million (down 2.74% YoY) and the FY2025 annual result came in at $133.1 million, down 4.21% from the prior year.
- Operating Expenses slipped to $31.6 million in Q2 2026, from $34.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $161.2 billion in Q4 2023 to a low of -$70.6 billion in Q4 2022.
- A 5-year average of $7.0 billion and a median of $34.2 million in 2025 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 891577.3% in 2022, down 392993.68% in 2022.
- Tracing SNDL's Operating Expenses over 5 years: stood at -$70.6 billion in 2022, then soared by 328.3% to $161.2 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 dropped by 3.46% to $31.6 million in 2026.
- The last three Operating Expenses figures came in at $31.6 million (Q2 2026), $34.1 million (Q1 2026), and $32.7 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Diageo | 210.11 Bn | 203.30 Bn | - | - |
| 2 | Brown Forman | 13.51 Bn | 13.21 Bn | 571.00 Mn | 259.00 Mn |
| 3 | Mgp Ingredients | 387.51 Mn | 369.72 Mn | 46.47 Mn | 20.24 Mn |
| 4 | Agencia Comercial Spirits | 235.51 Mn | 219.68 Mn | - | - |
| 5 | Crimson Wine | 87.49 Mn | 75.65 Mn | 8.62 Mn | 12.94 Mn |
| 6 | Epsium Enterprise | 13.36 Mn | 7.57 Mn | - | - |
| 7 | Willamette Valley Vineyards | 10.76 Mn | 10.76 Mn | - | - |
| 8 | Splash Beverage | 536,097.50 | 154,902.50 | 1,848.00 | 980,818.00 |
| 9 | LQR House | 373,908.50 | -4.09 Mn | -22,236.00 | 2.89 Mn |
| 10 | Sndl | 356,122.25 | -146.61 Mn | 40.74 Mn | 31.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.60 Mn |
| 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 | 34.43 Mn |
| Dec 31, 2023 | 161.21 Bn |
| Sep 30, 2023 | 36.55 Mn |
| Jun 30, 2023 | 42.28 Mn |
| Mar 31, 2023 | 36.63 Mn |
| Dec 31, 2022 | -70.61 Bn |
| Sep 30, 2022 | 35.35 Bn |
| Jun 30, 2022 | -659.88 Mn |
| Mar 31, 2022 | 3.39 Mn |
| Dec 31, 2021 | 17.97 Mn |
| Sep 30, 2021 | 3.96 Mn |