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Side-by-side financial comparison of Niagen Bioscience, Inc. (NAGE) and SNDL Inc. (SNDL). Click either name above to swap in a different company.
SNDL Inc. is the larger business by last-quarter revenue ($77.5M vs $33.8M, roughly 2.3× Niagen Bioscience, Inc.).
Niagen Bioscience, formerly ChromaDex, is a bioscience сompany based in Los Angeles, California founded in 1999. The company operates in multiple sectors including reference standards, dietary supplements, and ingredient technology. Niagen Bioscience is publicly traded on the NASDAQ.
SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.
NAGE vs SNDL — Head-to-Head
Income Statement — Q4 2025 vs Q1 2025
| Metric | | |
|---|---|---|
| Revenue | $33.8M | $77.5M |
| Net Profit | $4.1M | — |
| Gross Margin | 64.1% | 25.3% |
| Operating Margin | 12.1% | 6.7% |
| Net Margin | 12.2% | — |
| Revenue YoY | 16.2% | — |
| Net Profit YoY | -42.4% | — |
| 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 | $33.8M | — | ||
| Q3 25 | $34.0M | — | ||
| Q2 25 | $31.1M | — | ||
| Q1 25 | $30.5M | $77.5M | ||
| Q4 24 | $29.1M | — | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $22.7M | — | ||
| Q1 24 | $22.2M | $116.1M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $3.6M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $7.2M | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $-15.0K | — | ||
| Q1 24 | $-492.0K | — |
| Q4 25 | 64.1% | — | ||
| Q3 25 | 64.5% | — | ||
| Q2 25 | 65.0% | — | ||
| Q1 25 | 63.4% | 25.3% | ||
| Q4 24 | 62.5% | — | ||
| Q3 24 | 63.5% | — | ||
| Q2 24 | 60.2% | — | ||
| Q1 24 | 60.7% | 24.8% |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 15.7% | 6.7% | ||
| Q4 24 | 24.4% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | -1.1% | — | ||
| Q1 24 | -3.3% | 1.9% |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | -0.1% | — | ||
| Q1 24 | -2.2% | — |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.02 | — | ||
| Q2 24 | $0.00 | — | ||
| 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 | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $76.5M | — |
| Total Assets | $106.4M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $64.1M | — | ||
| Q2 25 | $60.3M | — | ||
| Q1 25 | $55.5M | — | ||
| Q4 24 | $44.5M | — | ||
| Q3 24 | $32.2M | — | ||
| Q2 24 | $27.7M | — | ||
| Q1 24 | $27.4M | — |
| Q4 25 | $76.5M | — | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | $64.2M | — | ||
| Q1 25 | $55.3M | — | ||
| Q4 24 | $46.1M | — | ||
| Q3 24 | $34.4M | — | ||
| Q2 24 | $30.7M | — | ||
| Q1 24 | $29.0M | — |
| Q4 25 | $106.4M | — | ||
| Q3 25 | $98.1M | — | ||
| Q2 25 | $91.5M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $68.3M | — | ||
| Q3 24 | $56.5M | — | ||
| Q2 24 | $54.0M | — | ||
| Q1 24 | $54.1M | — |
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 | $679.0K | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $679.0K | — | ||
| Q3 25 | $3.7M | — | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | $7.9M | — | ||
| Q4 24 | $8.6M | — | ||
| Q3 24 | $3.5M | — | ||
| Q2 24 | $-264.0K | — | ||
| Q1 24 | $295.0K | — |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.20× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NAGE
| TRUNIAGEN Consumer Product | $27.5M | 81% |
| Ingredients Segment | $5.7M | 17% |
| Other | $694.0K | 2% |
SNDL
Segment breakdown not available.
