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Side-by-side financial comparison of Black Rock Coffee Bar, Inc. (BRCB) and Canopy Growth Corp (CGC). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $51.5M, roughly 1.1× Black Rock Coffee Bar, Inc.). Black Rock Coffee Bar, Inc. runs the higher net margin — -1.4% vs -84.0%, a 82.6% gap on every dollar of revenue.
Black Rock Coffee Bar, Inc. is a U.S.-based specialty coffee retail chain that offers handcrafted premium coffee beverages, energy drinks, baked goods, and light snacks. It operates in-store and drive-thru locations primarily across western U.S. states, prioritizing high-quality customizable products and community-focused consumer experiences.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
BRCB vs CGC — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $51.5M | $54.4M |
| Net Profit | $-712.0K | $-45.7M |
| Gross Margin | — | 28.8% |
| Operating Margin | -12.4% | -35.3% |
| Net Margin | -1.4% | -84.0% |
| Revenue YoY | — | -0.3% |
| Net Profit YoY | — | 48.6% |
| EPS (diluted) | $-0.05 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $54.4M | ||
| Q3 25 | $51.5M | $48.7M | ||
| Q2 25 | — | $52.7M | ||
| Q1 25 | — | $47.5M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $48.3M | ||
| Q1 24 | — | $53.1M |
| Q4 25 | — | $-45.7M | ||
| Q3 25 | $-712.0K | $-1.2M | ||
| Q2 25 | — | $-30.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-89.0M | ||
| Q3 24 | — | $-93.7M | ||
| Q2 24 | — | $-92.8M | ||
| Q1 24 | — | — |
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 25.0% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 21.3% |
| Q4 25 | — | -35.3% | ||
| Q3 25 | -12.4% | -25.3% | ||
| Q2 25 | — | -31.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -31.9% | ||
| Q3 24 | — | -72.9% | ||
| Q2 24 | — | -44.0% | ||
| Q1 24 | — | — |
| Q4 25 | — | -84.0% | ||
| Q3 25 | -1.4% | -2.5% | ||
| Q2 25 | — | -57.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -163.0% | ||
| Q3 24 | — | -203.7% | ||
| Q2 24 | — | -192.0% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $32.6M | $271.1M |
| Total DebtLower is stronger | $20.0M | — |
| Stockholders' EquityBook value | $43.0M | $553.5M |
| Total Assets | $323.2M | $807.5M |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $271.1M | ||
| Q3 25 | $32.6M | $217.6M | ||
| Q2 25 | — | $104.8M | ||
| Q1 25 | — | $96.0M | ||
| Q4 24 | — | $130.2M | ||
| Q3 24 | — | $168.8M | ||
| Q2 24 | — | $142.3M | ||
| Q1 24 | — | $148.5M |
| Q4 25 | — | — | ||
| Q3 25 | $20.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $553.5M | ||
| Q3 25 | $43.0M | $537.3M | ||
| Q2 25 | — | $357.0M | ||
| Q1 25 | — | $355.7M | ||
| Q4 24 | — | $431.8M | ||
| Q3 24 | — | $372.1M | ||
| Q2 24 | — | $389.0M | ||
| Q1 24 | — | $365.3M |
| Q4 25 | — | $807.5M | ||
| Q3 25 | $323.2M | $781.0M | ||
| Q2 25 | — | $660.4M | ||
| Q1 25 | — | $669.9M | ||
| Q4 24 | — | $849.9M | ||
| Q3 24 | — | $899.6M | ||
| Q2 24 | — | $938.9M | ||
| Q1 24 | — | $949.2M |
| Q4 25 | — | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.9M | — |
| Free Cash FlowOCF − Capex | $-25.8M | — |
| FCF MarginFCF / Revenue | -50.2% | — |
| Capex IntensityCapex / Revenue | 44.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | — | $-7.5M | ||
| Q1 25 | — | $-121.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-37.8M | ||
| Q1 24 | — | $-205.8M |
| Q4 25 | — | — | ||
| Q3 25 | $-25.8M | — | ||
| Q2 25 | — | $-8.5M | ||
| Q1 25 | — | $-128.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-40.7M | ||
| Q1 24 | — | $-208.3M |
| Q4 25 | — | — | ||
| Q3 25 | -50.2% | — | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | — | -271.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -84.1% | ||
| Q1 24 | — | -392.1% |
| Q4 25 | — | — | ||
| Q3 25 | 44.5% | — | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 4.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRCB
Segment breakdown not available.
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
