NASDAQ$CGC

Canopy Growth Corp · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Canopy Growth reported Q1 2026, revenue of $145M, net loss of $85M, diluted EPS of $-0.12.

For Q1 2026, Canopy Growth reported revenue of $145M, a net loss of $85M, diluted EPS was $-0.12. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $145M.
  • Net loss $85M.
  • Diluted EPS $-0.12.
  • Canopy Growth MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

C$72.1M

Previous: C$48.4M+49.1%
EPS (adj)

-C$0.12

Previous: -C$1.19+89.9%
Gross Margin

25.0%

No prior period
Adjusted EBITDA

-C$5.79M

No prior period
Capital Expenditures

-C$1.31M

Previous: -C$2.88M+54.6%
Free Cash Flow

-C$42.8M

No prior period
Net Income

-C$41.5M

Previous: -C$92.9M+55.3%
Operating Income

-C$22.6M

Previous: -C$15.6M-45.2%
Gross Profit

C$18M

Previous: C$12.4M+45.2%
Cash & Equivalents

C$126M

No prior period
Total Assets

C$905M

No prior period

Revenue & EPS history

Canopy Growth · Revenue · Quarterly

C$72.1M

Q1 2026+49.1%vs Q1 2025
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Forward guidance

Clinical-stage and growth biotech discuss trial milestones, cash runway, and partnership optionality.

Tailwinds

  • Pipeline progress and data readouts.
  • Cash runway from recent financings.
  • Licensing or collaboration potential.

Headwinds

  • Trial failure or regulatory delays.
  • Dilution from equity raises.
  • Commercialization timing uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-1.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-2.6%

Avg return

30 days after

47%

23 / 49 earnings

Positive

+25.6%

Q1 2019

Best reaction

-27.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.0%-3.7%
Q3 2026+1.9%-0.9%-0.9%
Q2 2026+7.5%+9.2%+5.5%
Q1 2026+19.6%+56.2%+39.0%
Q4 2025-23.7%-24.0%-28.7%
Q3 2025-27.3%-35.6%-57.9%
Q2 2025-11.2%-13.4%-20.9%
Q1 2025-8.2%-1.2%-35.3%
Q4 2024+2.2%+4.4%-25.4%
Q3 2024-7.5%-14.4%-25.8%
Q2 2024-10.3%-8.4%+37.7%
Q1 2024-7.9%-15.1%+98.7%
Q4 2023-13.7%-21.0%-35.5%
Q3 2023-16.8%-15.3%-25.2%
Q2 2023+19.1%+32.5%-10.3%
Q1 2023+13.5%+13.8%+19.7%
Q4 2022-10.5%-15.1%-32.1%
Q3 2022+14.8%+9.5%-20.9%
Q2 2022-2.1%-1.1%-24.7%
Q1 2022-0.2%-1.4%-11.3%
Q4 2021-2.0%-7.1%-8.2%
Q3 2021+18.9%-8.1%-21.9%
Q2 2021+0.9%+4.0%+15.7%
Q1 2021+1.9%+3.4%-1.6%
Q4 2020-24.1%-23.7%-26.6%
Q3 2020+12.4%+11.5%-44.0%
Q2 2020-17.1%-17.2%+11.8%
Q1 2020-20.1%+7.2%-16.0%
Q4 2019-6.1%-7.0%-17.0%
Q3 2019+3.3%+0.7%-0.3%
Q2 2019-8.2%-14.8%-19.6%
Q2 2018+0.4%-2.4%-24.3%
Q1 2019+25.6%+52.5%+91.7%
Q4 2018-1.0%-0.5%-17.1%
Q3 2017+9.4%+15.8%+4.6%
Q2 2017+5.2%+17.3%+38.4%
Q1 2017+1.9%+1.0%+19.5%
Q4 2017-2.6%-4.4%-14.9%
Q3 2016+2.6%+9.7%+9.6%
Q2 2016+6.1%+24.8%+54.3%
Q1 2016+4.0%+4.0%+16.6%
Q4 2015+0.8%
Q3 2015-1.8%
Q2 2015+7.5%
Q1 2015-0.7%
Q4 2014+0.8%
Q3 2014-2.5%
Q2 2014-5.5%
Q1 2014-0.4%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010
Q4 2009
Q3 2009

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