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Canopy Growth Corporation CGC Q2 2026 earnings

Reported November 7, 2025 · Before market open

Revenue$66.7MMiss by $4.3MDiluted EPS-$0.01Beat by $0.10
Revenue estimate$71.0M
EPS estimate-$0.11

Next report

Aug 7, 2026 (In 3 weeks)
Revenue estimate$58.2M
EPS estimate-$0.04

Financials

Q2 2026

Income statement

See full
Revenue$66.7M+5.9%
Gross profit$21.9M+0.3%
Operating income-$16.9M+63.2%
Net income-$5.0M+95.4%
EPS (diluted)-$0.02+98.4%

Balance sheet

See full
Cash & equivalents$298.1M+30.5%
Total debt$228.2M-58.8%
Total assets$1.1B-13.2%

Cash flow

See full
Operating cash flow-$18.0M+66.6%
CapEx$1.2M-52.6%
Free cash flow-$19.2M+66.0%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$455.51M+11.4%
Enterprise value$385.63M-47.5%
P/S1.6×+0.2×

Profitability

See full
Gross margin26.8%-4.8pp
Operating margin-29.3%-11.7pp
Net margin-123.4%-34.7pp
FCF margin-34.2%-10.2pp

Returns & leverage

See full
Current ratio4.6×+3.4×

Segments

By product

See full
Canadian Adult Use Cannabis$23.9M+30.2%
Canadian Medical Cannabis$21.8M+16.8%
Storz Bickel$15.8M-9.9%
International Markets Cannabis$5.1M-39.0%

Versus estimates

Revenue

Q4 2026$51.2MMiss by $2.2MQ4 2025$51.2MMiss by $2.2MQ3 2026$54.3MBeat by $2.7M
Q2 2026$66.7MMiss by $4.3M
Q3 2025$51.9MMiss by $20.1MQ2 2025$46.6MMiss by $676.5K

Diluted EPS

Q4 2026-$0.17Miss by $0.11Q4 2025-$0.29Miss by $0.23Q3 2026-$0.10Miss by $0.07
Q2 2026-$0.01Beat by $0.10
Q3 2025-$0.76Miss by $0.38Q2 2025-$0.95Miss by $0.57

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Questions, answered.

When did Canopy Growth Corporation report Q2 2026 earnings?
Canopy Growth Corporation (CGC) reported Q2 2026 earnings on November 7, 2025 before market open.
What were Canopy Growth Corporation's Q2 2026 revenue and EPS?
Canopy Growth Corporation reported revenue of $66.7M and diluted EPS of $-0.01 for Q2 2026.
Did Canopy Growth Corporation beat estimates in Q2 2026?
Revenue missed the consensus estimate of $71.0M by $4.3M. EPS beat the consensus estimate of $-0.11 by $0.10.
How did Canopy Growth Corporation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 43.2% from $46.6M a year earlier and diluted EPS grew 98.9% from $-0.95.
Where can I find Canopy Growth Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-25-270995) and the 10-Q periodic report (0001193125-25-270960) directly on SEC EDGAR. The filing index links above go to sec.gov.