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Financial statements

AURORA CANNABIS INC financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data AURORA CANNABIS INC files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2019FY2020FY2021FY2022FY2024FY2025
Revenue55.2246269245221270343
Gross profit43.5142-19.9-21.621.2132188
Research and development1.6814.82611.410.43.573.68
Selling, general and administrative175175144
Operating income-95.8-318-466-283-231-45.14.95
Interest expense11.839.476.166.471.813.88.42
Pre-tax income77.3-331-3,340-700-1,720-57.620.4
Income tax8.1-29.9-82.2-6.32-2.14-0.554.62
Income from continuing operations-301-3,257-693-1,718-57.115.8
Net income to minority interests-2.71-7.09-1.46-0.36
Net income71.9-294-3,283-692-1,718-69.31.59
EBITDA-83.7-255-398-234-183-33.114
EPS, basic0.16-0.29-33.93-4.10-7.99-1.520.04
EPS, diluted0.15-0.29-33.93-4.10-7.99-1.520.04

Balance sheet

FY2019FY2019FY2020FY2021FY2022FY2024FY2025
Cash and equivalents76.8173162421438136138
Short-term investments4.040.55
Receivables15.110354.156.34745.442.5
Inventory29.6111136117116144188
Total current assets220661418666745427478
Property, plant and equipment246766946606233264
Lease right-of-use assets30.7
Goodwill7613,173928888043.243.9
Intangible assets20068841236770.740.945.2
Total assets1,8875,4992,7802,6051,084839853
Accounts payable47.515395.657.969.958.673.6
Short-term debt052.421.5
Total current liabilities75.2436272116131125111
Lease liabilities83.765.436.842.737.5
Total liabilities3341,112657567422237244
Total debt11.7141204038.242.5
Retained earnings87.7-286-3,596-4,321-6,035-6,368-6,368
Shareholders' equity1,5484,3832,1482,038662560567
Minority interests4.564.41-24.400.5142.141.4
Total equity1,5534,3832,1232,038666602609
Total liabilities and equity1,8875,4992,7802,6051,084839853

Cash flow statement

FY2019FY2019FY2020FY2021FY2022FY2024FY2025
Net income69.2-301-3,309-695-1,718-69.31.59
Depreciation and amortization12.163.367.649.248.6129.08
Cash from operations-81.7-192-342-211-110-68.516
Capital expenditures-137-414-53.1-32.2
Cash from investing-537-312-245-26.9-36.2-3.36-14.3
Debt repaid0-3.04-7.25
Stock issued21659.357666635037.90
Cash from financing535598583522148-47.9-0.12
Exchange rate effect0.362.94-5.54-25.2150.30.26
Net change in cash-8395.9-10.525916.4-1191.83
Free cash flow-219-607-264-142
Interest paid18.147.934.227.714.96.84

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin54.6%Gross profit / revenue.
Operating margin1.4%Operating income / revenue.
EBITDA margin4.1%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin5.9%Pre-tax income / revenue.
Net margin0.5%Net income / revenue.
Operating cash flow margin4.7%Cash from operations / revenue.
Effective tax rate22.7%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)0.3%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)0.2%Net income / average total assets.
Return on invested capital (ROIC)0.8%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue1.1%Research and development expense / revenue.
D&A / revenue2.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y27.3%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y42.4%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y1.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y1.7%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.31xCurrent assets / current liabilities.
Quick ratio1.63x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.25x(Cash + short-term investments) / current liabilities.
Debt / equity0.07xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets5.0%Total debt / total assets.
Liabilities / assets28.6%Total liabilities / total assets.
Net debt-CA$96.0MTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA-6.84xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage0.59xOperating income / interest expense.
Working capitalCA$367.5MCurrent assets - current liabilities.
Goodwill and intangibles / assets10.4%(Goodwill + intangible assets) / total assets.
Tangible book valueCA$478.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.41xRevenue / average total assets.
Receivables turnover7.81xRevenue / average receivables.
Days sales outstanding47 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, dilutedCA$0.04Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basicCA$0.04Net income per basic share, as reported (split-adjusted).
What was AURORA CANNABIS INC's revenue in fiscal 2025?

AURORA CANNABIS INC reported revenue of CA$343.3M for fiscal 2025, 27.3% higher than the year before.

Was AURORA CANNABIS INC profitable in fiscal 2025?

Yes. Net income was CA$1.6M, a net margin of 0.5%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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