Sndl (SNDL) Research & Development (2018 - 2026)
Sndl's Research & Development was $5,783 in Q2 2026, down 91.8% from $70,728 a year earlier but up 98.3% from the prior quarter.
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Analysis
Sndl (SNDL) Research & Development (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Sndl's Research & Development was $218,862 through Jun 30, 2026, down 23.2% year-over-year; for FY2025, it was $349,988, up 38.5% from FY2024.
- Research & Development shows a five-year compound annual growth rate of -0.8% (FY2020 to FY2025).
- In earlier years, Research & Development was $252,718 in FY2024 (+5.2%), $240,138 in FY2023 (-87.2%), $1.88 million in FY2022 (-3.5%) and $1.95 million in FY2021 (+435.8%).
- Quarterly Research & Development has moved between $2,917 (Q1 2026) and $1.15 million (Q3 2022) over five years.
- Compared with a year earlier, Research & Development was higher in five of the last eight quarters, with growth averaging 13.9%.
- The best year-over-year quarter for Research & Development over five years was Q4 2021 (growth of 594.8%); the worst was Q3 2023 (a decline of 96.3%).
- Per Business Quant data, SNDL's Research & Development in the three quarters before Q2 2026 was $2,917 (Q1 2026), $96,807 (Q4 2025) and $113,355 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 | - |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | - |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -4.33 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | - |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 1.22 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | - |
| 10 | Sndl | 358.17 Mn | -285.95 Mn | 40.74 Mn | 5,783.40 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Sndl Research & Development 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=research-and-development&ticker=SNDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=SNDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();