C21 Investments Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.6M | $30.1M | $28.3M | $28.9M | $33.0M | $33.5M | $37.7M | $2.6M |
| Cost of Revenue | $19.0M | $17.6M | $17.1M | $15.5M | $14.2M | $15.4M | — | — |
| Gross Profit | $13.6M | $12.6M | $11.1M | $13.4M | $18.8M | $18.0M | — | — |
| Gross Margin | 41.7% | 41.7% | 39.4% | 46.4% | 57.0% | 53.9% | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $11.3M | $11.3M | $9.7M | $9.4M | $9.1M | $8.8M | — | — |
| Operating Income | $2.3M | $1.3M | $1.5M | $4.0M | $9.8M | $9.2M | $-1.2M | $-12.0M |
| Operating Margin | 7.0% | 4.3% | 5.2% | 13.7% | 29.6% | 27.6% | -3.1% | -465.2% |
| Interest Expense | $187.2K | $293.7K | $35.2K | $456.7K | $1.1M | $3.9M | $3.9M | $392.0K |
| Pretax Income | $1.4M | $394.9K | $258.7K | $4.2M | $17.1M | $-1.6M | $-28.8M | $-23.6M |
| Income Tax Expense | $4.6M | $4.2M | $3.5M | $2.8M | $4.9M | $3.0M | $3.7M | $0 |
| Net Income | $-3.2M | $-4.0M | $-3.3M | $293.2K | $10.0M | $-7.8M | $-32.6M | $-23.6M |
| Net Margin | -9.9% | -13.2% | -11.7% | 1.0% | 30.2% | -23.4% | -86.3% | -912.8% |
| EPS (Basic) | $-0.03 | $-0.03 | $-0.03 | $0.00 | $0.08 | $-0.07 | — | — |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.03 | $0.00 | $0.08 | $-0.07 | $-0.43 | — |
| Shares Outstanding (Basic) | 117.9M | 119.8M | 120.0M | 120.0M | 118.3M | 104.8M | 89.4M | 58.5M |
| Shares Outstanding (Diluted) | 118.5M | 120.6M | 122.9M | 122.9M | 121.1M | 104.8M | 89.4M | 58.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |