Sndl SNDL
NASDAQ SNDL
$1.40 -0.04 (-2.78%)
At close: Sep 9, 2026 · 4:00 PM EDT

Sndl (SNDL) Research & Development (2018 - 2026)

Sndl's (SNDL) quarterly Research & Development came in at $5783.4 in Q2 2026, down 91.82% on a YoY basis from $70727.8 in Q2 2025, and up 98.28% quarter-over-quarter from $2916.8 in Q1 2026.

Analysis

Sndl (SNDL) Research & Development (2018 - 2026) Analysis & Trends

Sndl (SNDL) has reported Research & Development for 9 consecutive years, with $5783.4 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development fell 91.82% year-over-year to $5783.4; the trailing twelve-month figure through Jun 2026 stood at $218861.9 (down 23.18% YoY), and the FY2025 full-year result was $349987.8, up 38.49% from the prior year.
  • Research & Development advanced to $5783.4 in Q2 2026 per SNDL's latest filing, from $2916.8 in the prior quarter.
  • Across five years, Research & Development topped out at $1.2 million in Q3 2022 and bottomed at $2916.8 in Q1 2026.
  • Historically, Research & Development has averaged $151259.3 across 5 years, with a median of $76797.7 in 2023.
  • The sharpest annual moves came in 2023 and 2024: Research & Development tumbled 96.31% in 2023, then soared 435.25% in 2024.
  • Over 5 years, Research & Development stood at $338883.4 in 2022, then sank by 76.81% to $78595.3 in 2023, then advanced by 12.94% to $88765.3 in 2024, then rose by 9.06% to $96806.6 in 2025, then tumbled by 94.03% to $5783.4 in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $5783.4, $2916.8, and $96806.6 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Curaleaf Holdings 2.66 Bn 2.56 Bn 169.91 Mn -
2 Trulieve Cannabis 2.27 Bn 1.94 Bn 162.29 Mn -
3 Green Thumb Industries 1.71 Bn 1.42 Bn 137.87 Mn -
4 Cronos 1.18 Bn 379.85 Mn 28.45 Mn 6.79 Mn
5 Glass House Brands 666.14 Mn 647.59 Mn 15.77 Mn 357,000.00
6 Vireo Growth 545.10 Mn 402.80 Mn 95.30 Mn -
7 Tilray Brands 470.81 Mn 236.18 Mn 90.52 Mn 1.95 Mn
8 Verano Holdings 434.44 Mn 349.24 Mn 99.70 Mn -
9 Canopy Growth 406.26 Mn 159.25 Mn 16.08 Mn -
10 Sndl 362.57 Mn 230.02 Mn 40.74 Mn 5,783.40
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 5,783.40
Mar 31, 2026 2,916.82
Dec 31, 2025 96,806.65
Sep 30, 2025 113,355.06
Jun 30, 2025 70,727.82
Mar 31, 2025 69,691.65
Dec 31, 2024 88,765.29
Sep 30, 2024 55,712.06
Jun 30, 2024 79,694.32
Mar 31, 2024 27,458.19
Dec 31, 2023 78,595.30
Sep 30, 2023 42,518.04
Jun 30, 2023 14,889.05
Mar 31, 2023 103,557.49
Dec 31, 2022 338,883.35
Sep 30, 2022 1.15 Mn
Jun 30, 2022 305,892.85
Mar 31, 2022 75,000.16
Dec 31, 2021 586,275.36
Sep 30, 2021 567,208.25