NASDAQ$CGC

Canopy Growth Corp · Q3 2026 earnings

Q3 2026 earnings · · Before market open · Investor relations

Briefing

Canopy Growth reported Q3 2026, revenue of $199.9M, net loss of $89M.

For Q3 2026, Canopy Growth reported revenue of $199.9M, a net loss of $89M. Management discusses operating trends, capital allocation, and outlook in the earnings release or periodic filing.

  • Revenue $199.9M.
  • Net loss $89M.
  • Canopy Growth highlights liquidity, costs, and 2026 priorities.

Headline financials

Total Revenue

C$74.5M

Previous: C$74.8M-0.3%
EPS (adj)

-C$0.10

Previous: -C$0.79+87.3%
Gross Margin

22.0%

No prior period
Adjusted EBITDA

-C$11.7M

No prior period
Capital Expenditures

-C$4.33M

Previous: -C$7.72M+43.9%
Free Cash Flow

-C$67M

No prior period
Net Income

-C$62.6M

Previous: -C$122M+48.6%
Operating Income

-C$26.4M

Previous: -C$19.5M-35.1%
Gross Profit

C$21.5M

Previous: C$18.1M+18.7%
Cash & Equivalents

C$371M

No prior period
Total Assets

C$1.11B

No prior period

Revenue & EPS history

Canopy Growth · Revenue · Quarterly

C$74.5M

Q3 2026-0.3%vs Q3 2025
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Forward guidance

The filing outlines Canopy Growth's outlook, including operating priorities, capital allocation, and key risks, with specific numeric guidance where management provided it.

Tailwinds

  • Canopy Growth cites execution on growth initiatives and balance-sheet flexibility.
  • Management emphasizes capital returns and operational priorities in the filing.

Headwinds

  • GAAP profitability remained under pressure in Q3 2026.
  • Macro, pricing, and competitive pressure may affect margins.
  • One-time items and segment mix can affect quarter-to-quarter comparability.

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 Q3 2026

Historical avgQ3 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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