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
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 |