SNDL Earnings Reports

SNDL reported net revenue of $204.9 million in Q1 2025, a 3.6% increase year-over-year. Gross profit grew by 12.4% to $56.6 million, achieving a record gross margin of 27.6%. Operating loss was $(12.1) million, impacted by a negative SunStream portfolio valuation and restructuring charges. Cash flow was positive at $2.5 million, driven by loan collection, while free cash flow was slightly negative at $(1.1) million.

SNDL delivered record net revenue and gross profit in Q4 2024, driven by strong growth in cannabis operations. Despite this, the company reported an operating loss primarily due to one-time valuation adjustments and impairments. Free cash flow was positive, and the company ended the quarter with a strong cash position.