# SNDL Inc.: overview

SNDL · Nasdaq · CIK 1766600 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/sndl.md) · [Financials](/companies/sndl/financials.md) · [Filings](/companies/sndl/filings.md) · [Insiders](/companies/sndl/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [56.1](/filings/0000950170-24-034351.md) | [712](/filings/0000950170-24-034394.md) | [909](/filings/0000950170-25-040545.md) | [920](/filings/0001193125-26-102524.md) | [946](/filings/0001193125-26-102524.md) |
| Gross margin | % | [(16.0%)](/filings/0000950170-24-034351.md) | [19.7%](/filings/0000950170-24-034394.md) | [20.9%](/filings/0000950170-25-040545.md) | [26.1%](/filings/0001193125-26-102524.md) | [27.3%](/filings/0001193125-26-102524.md) |
| Operating margin | % | [(239.4%)](/filings/0000950170-24-034351.md) | [(48.8%)](/filings/0000950170-24-034394.md) | [(18.0%)](/filings/0000950170-25-040545.md) | [(11.3%)](/filings/0001193125-26-102524.md) | [(0.7%)](/filings/0001193125-26-102524.md) |
| Net margin | % | [(404.4%)](/filings/0000950170-24-034351.md) | [(47.1%)](/filings/0000950170-24-034394.md) | [(19.0%)](/filings/0000950170-25-040545.md) | [(10.3%)](/filings/0001193125-26-102524.md) | [(1.7%)](/filings/0001193125-26-102524.md) |
| Diluted EPS | $ per share | not reported | [(1.46)](/filings/0000950170-24-034394.md) | [(0.67)](/filings/0000950170-25-040545.md) | [(0.36)](/filings/0001193125-26-102524.md) | [(0.06)](/filings/0001193125-26-102524.md) |
| Free cash flow | $m | [(160)](/filings/0000950170-24-034351.md) | [(17.4)](/filings/0000950170-24-034394.md) | [(24.5)](/filings/0000950170-25-040545.md) | [46.3](/filings/0001193125-26-102524.md) | [58.1](/filings/0001193125-26-102524.md) |

- Revenue. XBRL Revenue: ifrs-full:Revenue.
- Gross margin (gross profit / revenue). XBRL Gross profit: ifrs-full:GrossProfit; Revenue: ifrs-full:Revenue.
- Operating margin (operating income / revenue). XBRL Operating income: ifrs-full:ProfitLossFromOperatingActivities; Revenue: ifrs-full:Revenue.
- Net margin (net income / revenue). XBRL Net income: ifrs-full:ProfitLossAttributableToOwnersOfParent; Revenue: ifrs-full:Revenue.
- Diluted EPS. XBRL Diluted EPS: ifrs-full:DilutedEarningsLossPerShare.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: ifrs-full:CashFlowsFromUsedInOperatingActivities; Capital expenditure: ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sndl/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $13.8m | 10,214,013 |  | Reduced −1,197,108 |
| [CANNELL CAPITAL LLC](/funds/1058854.md) | 2026-06-30 | $11.7m | 8,639,381 |  | Reduced −121,774 |
| [Tidal Investments LLC](/funds/1600064.md) | 2026-06-30 | $7.2m | 5,334,370 |  | Reduced −176,305 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $3.2m | 2,357,401 |  | Reduced −639,022 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $2.9m | 2,165,081 |  | Added +286,969 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $2.9m | 2,116,500 | Put | Added +27,200 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $2.9m | 2,113,976 |  | Reduced −125,388 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $2.7m | 1,970,467 |  | Added +788,392 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $2.6m | 1,913,418 |  | Added +351,097 |
| [Ewing Morris & Co. Investment Partners Ltd.](/funds/1846838.md) | 2026-06-30 | $2.0m | 1,481,222 |  | Added +180,000 |

## Recent filings

[All 403 filings](/companies/sndl/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 07:00 ET | [6-K](/filings/0001171843-26-006837.md) | Report of a foreign private issuer, period 2026-10-27 | 0001171843-26-006837 |
| 2026-10-27 | 19:19 ET | [6-K](/filings/0001193125-26-432303.md) | Report of a foreign private issuer, period 2026-10-26 | 0001193125-26-432303 |
| 2026-10-15 | 17:00 ET | [6-K](/filings/0001171843-26-006673.md) | Report of a foreign private issuer, period 2026-10-15 | 0001171843-26-006673 |
| 2026-10-14 | 16:30 ET | [6-K](/filings/0001171843-26-006626.md) | Report of a foreign private issuer, period 2026-10-14 | 0001171843-26-006626 |
| 2026-10-06 | 07:00 ET | [6-K](/filings/0001171843-26-006436.md) | Report of a foreign private issuer, period 2026-10-06 | 0001171843-26-006436 |
| 2026-09-08 | 14:37 ET | [6-K](/filings/0001193125-26-385027.md) | Report of a foreign private issuer, period 2026-09-08 | 0001193125-26-385027 |
| 2026-08-04 | 16:35 ET | [6-K](/filings/0001171843-26-005205.md) | Report of a foreign private issuer, period 2026-08-04 | 0001171843-26-005205 |
| 2026-07-28 | 07:00 ET | [6-K](/filings/0001171843-26-004910.md) | Report of a foreign private issuer, period 2026-07-28 | 0001171843-26-004910 |
| 2026-07-28 | 18:04 ET | [6-K](/filings/0001193125-26-318366.md) | Report of a foreign private issuer, period 2026-07-27 | 0001193125-26-318366 |
| 2026-07-27 | 11:58 ET | [6-K](/filings/0001171843-26-004890.md) | Report of a foreign private issuer, period 2026-07-27 | 0001171843-26-004890 |

## Latest annual report

[Form 40-F for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-102524.md), filed Mar 12, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1766600
- Tickers: SNDL
- Exchange: Nasdaq
- SIC code: 2833 Medicinal Chemicals & Botanical Products
- State of incorporation: A0
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 28, 2026, 06:05 ET. No prices; not investment advice.
