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Side-by-side financial comparison of Canopy Growth Corp (CGC) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $43.1M, roughly 1.3× WM TECHNOLOGY, INC.). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -84.0%, a 75.7% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -9.7%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -1.5%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
CGC vs MAPS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $43.1M |
| Net Profit | $-45.7M | $-3.6M |
| Gross Margin | 28.8% | 94.9% |
| Operating Margin | -35.3% | -13.5% |
| Net Margin | -84.0% | -8.3% |
| Revenue YoY | -0.3% | -9.7% |
| Net Profit YoY | 48.6% | -251.9% |
| EPS (diluted) | — | — |
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 | $43.1M | ||
| Q3 25 | $48.7M | $42.2M | ||
| Q2 25 | $52.7M | $44.8M | ||
| Q1 25 | $47.5M | $44.6M | ||
| Q4 24 | $54.6M | $47.7M | ||
| Q3 24 | $46.0M | $46.6M | ||
| Q2 24 | $48.3M | $45.9M | ||
| Q1 24 | $53.1M | $44.4M |
| Q4 25 | $-45.7M | $-3.6M | ||
| Q3 25 | $-1.2M | $2.5M | ||
| Q2 25 | $-30.3M | $1.4M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | $-89.0M | $2.4M | ||
| Q3 24 | $-93.7M | $3.3M | ||
| Q2 24 | $-92.8M | $716.0K | ||
| Q1 24 | — | $1.2M |
| Q4 25 | 28.8% | 94.9% | ||
| Q3 25 | 32.8% | 95.0% | ||
| Q2 25 | 25.0% | 94.9% | ||
| Q1 25 | 16.2% | 95.0% | ||
| Q4 24 | 32.2% | 95.2% | ||
| Q3 24 | 34.7% | 95.3% | ||
| Q2 24 | 34.8% | 95.1% | ||
| Q1 24 | 21.3% | 94.8% |
| Q4 25 | -35.3% | -13.5% | ||
| Q3 25 | -25.3% | 4.6% | ||
| Q2 25 | -31.4% | 4.4% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | -31.9% | 9.6% | ||
| Q3 24 | -72.9% | 11.2% | ||
| Q2 24 | -44.0% | 2.7% | ||
| Q1 24 | — | 8.5% |
| Q4 25 | -84.0% | -8.3% | ||
| Q3 25 | -2.5% | 5.8% | ||
| Q2 25 | -57.6% | 3.2% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -163.0% | 4.9% | ||
| Q3 24 | -203.7% | 7.2% | ||
| Q2 24 | -192.0% | 1.6% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0.02 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $0.01 |
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 | $62.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $57.2M |
| Total Assets | $807.5M | $190.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $62.4M | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | $52.0M | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | — | ||
| Q1 24 | $148.5M | — |
| Q4 25 | $553.5M | $57.2M | ||
| Q3 25 | $537.3M | $56.9M | ||
| Q2 25 | $357.0M | $52.7M | ||
| Q1 25 | $355.7M | $48.5M | ||
| Q4 24 | $431.8M | $36.1M | ||
| Q3 24 | $372.1M | $29.5M | ||
| Q2 24 | $389.0M | $24.5M | ||
| Q1 24 | $365.3M | $20.8M |
| Q4 25 | $807.5M | $190.7M | ||
| Q3 25 | $781.0M | $192.9M | ||
| Q2 25 | $660.4M | $188.1M | ||
| Q1 25 | $669.9M | $183.8M | ||
| Q4 24 | $849.9M | $181.9M | ||
| Q3 24 | $899.6M | $173.6M | ||
| Q2 24 | $938.9M | $168.0M | ||
| Q1 24 | $949.2M | $165.8M |
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 | — | $3.0M |
| Free Cash FlowOCF − Capex | — | $-280.0K |
| FCF MarginFCF / Revenue | — | -0.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $13.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0M | ||
| Q3 25 | — | $6.4M | ||
| Q2 25 | $-7.5M | $11.1M | ||
| Q1 25 | $-121.0M | $5.7M | ||
| Q4 24 | — | $9.4M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | $-37.8M | $12.7M | ||
| Q1 24 | $-205.8M | $7.4M |
| Q4 25 | — | $-280.0K | ||
| Q3 25 | — | $3.6M | ||
| Q2 25 | $-8.5M | $8.2M | ||
| Q1 25 | $-128.9M | $2.0M | ||
| Q4 24 | — | $7.3M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | $-40.7M | $10.1M | ||
| Q1 24 | $-208.3M | $2.9M |
| Q4 25 | — | -0.7% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | -16.1% | 18.3% | ||
| Q1 25 | -271.5% | 4.5% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | -84.1% | 21.9% | ||
| Q1 24 | -392.1% | 6.4% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | 1.8% | 6.3% | ||
| Q1 25 | 16.6% | 8.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | 5.9% | 5.7% | ||
| Q1 24 | 4.7% | 10.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.61× | ||
| Q2 25 | — | 7.75× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 17.67× | ||
| Q1 24 | — | 5.97× |
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% |
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
