SNDL stock reports higher Q2 revenue despite a net loss

SNDL stock stood at USD 1.40 on Nasdaq on September 23, 2026, down 0.71 percent for the session. The Canadian cannabis and liquor retailer reported Q2 2026 revenue of CAD 235.8 million and a net loss of CAD 7.8 million.

Revenue rises from Q1

Quarterly revenue increased 20.35 percent from CAD 195.906 million in Q1 2026 to CAD 235.766 million in Q2 2026. The sequential improvement gives the company a larger sales base, but the year-over-year comparison remained negative.

According to Simplify, Q2 revenue declined 3.7 percent year over year, while gross profit fell 16.6 percent to CAD 56.3 million. That combination points to margin pressure even as sales recovered from the first quarter.

Cash supports the balance sheet

SNDL held CAD 183.2 million in cash on June 30, 2026, compared with CAD 213.404 million at the end of Q1. Operating cash flow was positive at CAD 3.687 million in Q2, giving the company an important counterweight to the quarterly loss.

The earnings profile is therefore mixed. Revenue expanded sequentially, but the net loss and lower gross profit show that sales growth has not yet translated into stronger profitability. For investors, the key measure is whether future revenue gains can outpace production, retail and restructuring costs.

SNDL stock stays below its yearly high

SNDL stock traded at USD 1.40 on Nasdaq on September 23, 2026. Its 52-week range was USD 1.17 to USD 2.89, while market capitalization stood at USD 364.42 million, placing the latest quote 51.56 percent below the yearly high.