Sndl (SNDL) Operating Expenses (2018 - 2026)
Sndl (SNDL) posted Operating Expenses of $31.6 million for Q2 2026, down 5.4% from $33.42 million a year earlier and down 7.4% from the prior quarter.
Powered by 
Analysis
Sndl (SNDL) Operating Expenses (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Sndl was $132.78 million, down 2.7% year-over-year; for FY2025, it was $133.12 million, down 4.2% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 239.9% (FY2020 to FY2025).
- In prior years, Sndl's Operating Expenses was $138.96 million in FY2024 (-14.6%), $162.78 million in FY2023, $78,455 in FY2022 (-48.5%) and $152,409 in FY2021 (-48.0%).
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q2 2022.
- On a year-over-year basis, Operating Expenses increased in three of the last eight quarters, with an average decline of 5.4%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2022, with growth of 791.7%; the weakest was Q1 2024, with a decline of 82.1%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $34.11 million (Q1 2026), $32.73 million (Q4 2025) and $34.34 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 76.99 Mn |
| 10 | Sndl | 358.17 Mn | -285.95 Mn | 40.74 Mn | 31.60 Mn |
Historic Data
Download Data
Historic 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 | 33.13 Mn |
| Dec 31, 2023 | 46.70 Mn |
| Sep 30, 2023 | 36.55 Mn |
| Jun 30, 2023 | 42.28 Mn |
| Mar 31, 2023 | 185.28 Mn |
| Dec 31, 2022 | 33.04 Mn |
| Sep 30, 2022 | 35.35 Mn |
| Jun 30, 2022 | 31.22 Mn |
| Mar 31, 2022 | 267.42 Mn |
| Dec 31, 2021 | 108.44 Mn |
| Sep 30, 2021 | 3.96 Mn |
API Access
Sndl Operating Expenses 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=operating-expenses&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();