SNDL Inc.
SNDL · Price history
Price at last available close
$1.29
−$0.07 (-5.15%) 1M
2026-10-28
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Company & revenue
About SNDL Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
SNDL Inc. is a Canadian firm engaged in the cultivation, distribution, and sale of cannabis products across the country. Its operations are organized into two distinct segments: Cannabis Operations and Retail Operations. Through its Cannabis Operations, the company manages the growing, supplying, and selling of cannabis specifically for the adult-use market.
How they make money
SNDL Inc. operates as a vertically integrated cannabis company and the largest private-sector liquor and cannabis retailer in Canada. The company generates revenue through four primary segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments, leveraging a network of retail banners and a portfolio of cannabis brands to serve consumers.
Products & services
SNDL provides a range of cannabis products including flower, pre-rolls, vapes, and edibles, alongside a diverse selection of liquor products through its retail banners.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Retail consumers of cannabis and liquor productsSource
Customer concentration
The company does not disclose specific customer concentration figures in its 2025 annual report.
Suppliers, materials & equipment
- Cannabis and Liquor Product Suppliers — The company sources cannabis and liquor products from various third-party producers and distributors to supply its retail and wholesale operations.Source
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS turned negative at -0.02 versus 0.01 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
33
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
46
Weak
Financial Strength
55
Business Quality / Moat
73
Management
40
Growth Quality
22
Risk / Durability
4
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
25
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
38/100
Building Historical Record
Model Score 38/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Recent buyback activity is present
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for SNDL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving SNDL's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is SNDL's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does SNDL's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for SNDL to reach sustainable profitability?
- •What future growth or profitability would be needed to justify SNDL's current valuation?
Essential Investment Snapshot
Wall Street Score
33
Opportunity Score
25
Market Cap
$317.5M
P/E Ratio
-18.7
EPS
$-0.07
52-Week High
$2.34
52-Week Low
$1.13
Beta
0.94
Analyst Target
$3.50
Shares Outstanding
258.1M
Total Revenue
$662.4M
Total Debt
$118.7M
Dividend
No current dividend
Liquidation Value / Share
$2.94
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for SNDL
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-0.6x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on SNDL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Beverages - Wineries & Distilleries industry.
- −Regulatory and legal risks associated with the cannabis industry.
- −Intense competition in the retail and cannabis sectors.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
33
Oct 19, 2026
Change
Unchanged
Current Score
33
Oct 27, 2026
Category Changes
SNDL score was unchanged.
Projected Score
Projected Score
24
Projected Change
-8.8 points
Preliminary comparable-period financial changes suggest decline of approximately 8.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.29
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $662.4M | $675.2M | $656.7M | $648.6M | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $488.6M | $490.7M | $485.2M | $512.7M | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $173.8M | $184.5M | $171.5M | $135.9M | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $216K | $349K | $247K | $231K | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $148.3M | $150.3M | $156.5M | $164.2M | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $185.0M | $187.7M | $245.5M | $252.3M | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $26.7M | $34.3M | -$29.4M | -$70.7M | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$11.3M | -$3.2M | -$74.1M | -$116.4M | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $4.3M | $5.4M | $5.5M | $5.7M | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$17.7M | -$11.3M | -$75.3M | -$122.7M | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$2.3M | $0.00 | -$6.7M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$15.5M | -$11.3M | -$67.6M | -$123.2M | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.07 | $-0.04 | $-0.27 | $-0.46 | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 257M | 258M | 264M | 259M | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 257M | 258M | 264M | 259M | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$168.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.02
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+10.5%
Cash Change
-12.0%
Margin Change
-4.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 3.7%. EPS declined 377.6%. Cash declined 12.0%. Total debt increased 10.5%. Net income margin declined by 4.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Beverages - Wineries & DistilleriesNews
SNDL Inc. (SNDL) Reports Q3 Loss, Tops Revenue Estimates
SNDL Announces 2026 Annual and Special Shareholders Meeting Results, Select Preliminary Third Quarter Results and Capital Return Initiatives
SNDL Inc. (SNDL) Shareholder/Analyst Call Prepared Remarks Transcript
SNDL Shareholders Reject Consolidation Proposal, Elect Five Directors
Rumor Mill · SNDL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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