Filing Flows › Canopy Growth (CGC) › Q4 FY26
Canopy Growth (CGC) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jun 15, 2026
Canopy Growth (CGC) reported revenue of $84.7M for the fourth quarter fiscal 2026 (Q4 FY26), +9% from a year earlier and -6% from the quarter before. Operating margin was -113.1%, net loss $155M (182.7% of revenue).
Canopy Growth, Q4 FY26: revenue $84.7M (+9% year over year), operating margin -113.1%, net loss $155M, operating cash flow −$18.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $84.7M | -6% | +9% |
| Operating profit | −$95.8M | — | — |
| Net earnings | −$155M | — | — |
| Operating cash flow | −$18.3M | — | — |
What changed
Revenue was C$84.7M in Q4 FY26, up 9% year over year and down 6% from the previous quarter. Cannabis Net Revenue was the largest line at 64% of revenue.
Gross margin was 9.8%, down 3.8 points from Q4 FY25. Operating costs exceeded revenue by C$95.8M, an operating margin of -113.1%. Operating expenses grew 261% against revenue growth of 9%. The quarter ended with a net loss of C$154.7M, wider than the previous quarter's C$58.3M loss.
Operating cash flow was −C$18.3M. Non-cash charges added back C$8.7M of depreciation and amortization and C$1.5M of share-based compensation. Working capital and other items added C$126.3M. Capital expenditures of C$1.0M exceeded it, leaving free cash flow of −C$19.3M.
Questions
What was Canopy Growth's revenue in the fourth quarter fiscal 2026?
Canopy Growth (CGC) reported revenue of $84.7M for the fourth quarter fiscal 2026 (Q4 FY26), +9% from a year earlier and -6% from the quarter before.
Was Canopy Growth profitable in the fourth quarter fiscal 2026?
Operating loss was $95.8M (-113.1% of revenue) and net loss $155M.
Source: Canopy Growth 10-K on SEC EDGAR.