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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $54.4M, roughly 1.0× Canopy Growth Corp). Inspirato Inc runs the higher net margin — -8.1% vs -84.0%, a 75.9% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -19.6%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -11.4%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
CGC vs ISPO — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $55.5M |
| Net Profit | $-45.7M | $-4.5M |
| Gross Margin | 28.8% | 31.4% |
| Operating Margin | -35.3% | -8.0% |
| Net Margin | -84.0% | -8.1% |
| Revenue YoY | -0.3% | -19.6% |
| Net Profit YoY | 48.6% | -204.4% |
| EPS (diluted) | — | $-0.36 |
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 | $48.7M | $55.5M | ||
| Q2 25 | $52.7M | $63.1M | ||
| Q1 25 | $47.5M | $65.9M | ||
| Q4 24 | $54.6M | $63.1M | ||
| Q3 24 | $46.0M | $69.1M | ||
| Q2 24 | $48.3M | $67.4M | ||
| Q1 24 | $53.1M | $80.2M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $-4.5M | ||
| Q2 25 | $-30.3M | $-5.3M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | $-89.0M | $-2.3M | ||
| Q3 24 | $-93.7M | $4.3M | ||
| Q2 24 | $-92.8M | $-8.7M | ||
| Q1 24 | — | $1.3M |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | 31.4% | ||
| Q2 25 | 25.0% | 27.5% | ||
| Q1 25 | 16.2% | 38.8% | ||
| Q4 24 | 32.2% | 34.7% | ||
| Q3 24 | 34.7% | 71.5% | ||
| Q2 24 | 34.8% | 24.0% | ||
| Q1 24 | 21.3% | 39.5% |
| Q4 25 | -35.3% | — | ||
| Q3 25 | -25.3% | -8.0% | ||
| Q2 25 | -31.4% | -8.3% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | -31.9% | -3.2% | ||
| Q3 24 | -72.9% | 9.8% | ||
| Q2 24 | -44.0% | -22.8% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | -8.1% | ||
| Q2 25 | -57.6% | -8.4% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | -163.0% | -3.6% | ||
| Q3 24 | -203.7% | 6.3% | ||
| Q2 24 | -192.0% | -12.9% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.36 | ||
| Q2 25 | — | $-0.42 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.98 | ||
| Q3 24 | — | $0.62 | ||
| Q2 24 | — | $-2.33 | ||
| Q1 24 | — | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.1M | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $-134.0M |
| Total Assets | $807.5M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | $13.7M | ||
| Q2 25 | $104.8M | $16.7M | ||
| Q1 25 | $96.0M | $16.4M | ||
| Q4 24 | $130.2M | $21.8M | ||
| Q3 24 | $168.8M | $13.5M | ||
| Q2 24 | $142.3M | $18.8M | ||
| Q1 24 | $148.5M | $22.6M |
| Q4 25 | $553.5M | — | ||
| Q3 25 | $537.3M | $-134.0M | ||
| Q2 25 | $357.0M | $-129.7M | ||
| Q1 25 | $355.7M | $-125.2M | ||
| Q4 24 | $431.8M | $-129.9M | ||
| Q3 24 | $372.1M | $-134.6M | ||
| Q2 24 | $389.0M | $-35.2M | ||
| Q1 24 | $365.3M | $-27.5M |
| Q4 25 | $807.5M | — | ||
| Q3 25 | $781.0M | $228.3M | ||
| Q2 25 | $660.4M | $252.6M | ||
| Q1 25 | $669.9M | $270.1M | ||
| Q4 24 | $849.9M | $273.9M | ||
| Q3 24 | $899.6M | $273.3M | ||
| Q2 24 | $938.9M | $301.7M | ||
| Q1 24 | $949.2M | $313.0M |
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 | — | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -5.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-7.5M | $1.1M | ||
| Q1 25 | $-121.0M | $-6.6M | ||
| Q4 24 | — | $-15.8M | ||
| Q3 24 | — | $-13.7M | ||
| Q2 24 | $-37.8M | $-1.8M | ||
| Q1 24 | $-205.8M | $-7.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.0M | ||
| Q2 25 | $-8.5M | $468.0K | ||
| Q1 25 | $-128.9M | $-7.5M | ||
| Q4 24 | — | $-21.2M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | $-40.7M | $-3.7M | ||
| Q1 24 | $-208.3M | $-8.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -5.4% | ||
| Q2 25 | -16.1% | 0.7% | ||
| Q1 25 | -271.5% | -11.4% | ||
| Q4 24 | — | -33.7% | ||
| Q3 24 | — | -21.5% | ||
| Q2 24 | -84.1% | -5.5% | ||
| Q1 24 | -392.1% | -10.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 16.6% | 1.3% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | 5.9% | 2.8% | ||
| Q1 24 | 4.7% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
