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
DateValue
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