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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Lulu's Fashion Lounge Holdings, Inc. (LVLU). Click either name above to swap in a different company.
Lulu's Fashion Lounge Holdings, Inc. is the larger business by last-quarter revenue ($66.1M vs $54.4M, roughly 1.2× Canopy Growth Corp). Lulu's Fashion Lounge Holdings, Inc. runs the higher net margin — -48.2% vs -84.0%, a 35.8% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -11.8%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -14.7%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Lulu's Fashion Lounge Holdings, Inc. is a direct-to-consumer women's fashion retailer offering affordable, trendy apparel, footwear, and accessories. It primarily serves Gen Z and millennial consumers across North America, operating mainly via its e-commerce platform, with limited pop-up physical locations to boost customer engagement.
CGC vs LVLU — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $66.1M |
| Net Profit | $-45.7M | $-31.9M |
| Gross Margin | 28.8% | 37.9% |
| Operating Margin | -35.3% | -52.8% |
| Net Margin | -84.0% | -48.2% |
| Revenue YoY | -0.3% | -11.8% |
| Net Profit YoY | 48.6% | -340.9% |
| EPS (diluted) | — | $-13.46 |
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 | — | ||
| Q2 25 | $52.7M | — | ||
| Q1 25 | $47.5M | — | ||
| Q4 24 | $54.6M | $66.1M | ||
| Q3 24 | $46.0M | $80.5M | ||
| Q2 24 | $48.3M | $92.0M | ||
| Q1 24 | $53.1M | $77.3M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | — | ||
| Q2 25 | $-30.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-89.0M | $-31.9M | ||
| Q3 24 | $-93.7M | $-6.9M | ||
| Q2 24 | $-92.8M | $-10.8M | ||
| Q1 24 | — | $-5.7M |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 32.2% | 37.9% | ||
| Q3 24 | 34.7% | 38.1% | ||
| Q2 24 | 34.8% | 45.5% | ||
| Q1 24 | 21.3% | 42.3% |
| Q4 25 | -35.3% | — | ||
| Q3 25 | -25.3% | — | ||
| Q2 25 | -31.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -31.9% | -52.8% | ||
| Q3 24 | -72.9% | -8.5% | ||
| Q2 24 | -44.0% | -4.9% | ||
| Q1 24 | — | -8.0% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | — | ||
| Q2 25 | -57.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -163.0% | -48.2% | ||
| Q3 24 | -203.7% | -8.5% | ||
| Q2 24 | -192.0% | -11.7% | ||
| Q1 24 | — | -7.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-13.46 | ||
| Q3 24 | — | $-2.47 | ||
| Q2 24 | — | $-3.92 | ||
| Q1 24 | — | $-0.15 |
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 | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $13.4M |
| Total Assets | $807.5M | $108.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | $4.5M | ||
| Q3 24 | $168.8M | $6.3M | ||
| Q2 24 | $142.3M | $1.8M | ||
| Q1 24 | $148.5M | $5.5M |
| Q4 25 | $553.5M | — | ||
| Q3 25 | $537.3M | — | ||
| Q2 25 | $357.0M | — | ||
| Q1 25 | $355.7M | — | ||
| Q4 24 | $431.8M | $13.4M | ||
| Q3 24 | $372.1M | $43.8M | ||
| Q2 24 | $389.0M | $48.7M | ||
| Q1 24 | $365.3M | $57.7M |
| Q4 25 | $807.5M | — | ||
| Q3 25 | $781.0M | — | ||
| Q2 25 | $660.4M | — | ||
| Q1 25 | $669.9M | — | ||
| Q4 24 | $849.9M | $108.2M | ||
| Q3 24 | $899.6M | $153.5M | ||
| Q2 24 | $938.9M | $145.3M | ||
| Q1 24 | $949.2M | $160.6M |
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 | — | $-2.5M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -3.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-7.5M | — | ||
| Q1 25 | $-121.0M | — | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | — | $-5.5M | ||
| Q2 24 | $-37.8M | $3.7M | ||
| Q1 24 | $-205.8M | $6.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-8.5M | — | ||
| Q1 25 | $-128.9M | — | ||
| Q4 24 | — | $-2.6M | ||
| Q3 24 | — | $-5.9M | ||
| Q2 24 | $-40.7M | $3.4M | ||
| Q1 24 | $-208.3M | $6.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -271.5% | — | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -7.3% | ||
| Q2 24 | -84.1% | 3.7% | ||
| Q1 24 | -392.1% | 8.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 5.9% | 0.4% | ||
| Q1 24 | 4.7% | 0.7% |
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% |
LVLU
| Single Reportable Segment | $63.0M | 95% |
| Other | $2.4M | 4% |
| Stored Value Cards | $750.0K | 1% |
