Flora Growth Corp Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Flora Growth Corp has an operating margin of -26.3%, meaning the company retains $-26 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -66.2% the prior year.
Flora Growth Corp's revenue declined 21.8% year-over-year, from $76.1M to $59.5M. This contraction results in a growth score of 0/100.
Flora Growth Corp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Flora Growth Corp's current ratio of 1.05 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
While Flora Growth Corp generated -$5.0M in operating cash flow, capex of $134K consumed most of it, leaving -$5.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Flora Growth Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Flora Growth Corp generates $0.32 in operating cash flow (-$5.0M OCF vs -$15.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Flora Growth Corp earns $-73.5 in operating income for every $1 of interest expense (-$15.6M vs $213K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Flora Growth Corp (FLGC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Flora Growth Corp generated $59.5M in revenue in fiscal year 2024. This represents a decrease of 21.8% from the prior year.
Flora Growth Corp's EBITDA was -$14.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 68.9% from the prior year.
Flora Growth Corp generated -$5.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 39.6% from the prior year.
Flora Growth Corp reported -$15.9M in net income in fiscal year 2024. This represents an increase of 72.1% from the prior year.
Flora Growth Corp earned $-1.30 per diluted share (EPS) in fiscal year 2024. This represents an increase of 83.2% from the prior year.
Flora Growth Corp held $5.2M in cash against $0 in long-term debt as of fiscal year 2024.
Flora Growth Corp had 478,000 shares outstanding in fiscal year 2024. This represents a decrease of 94.7% from the prior year.
Flora Growth Corp's gross margin was 21.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
Flora Growth Corp's operating margin was -26.3% in fiscal year 2024, reflecting core business profitability. This is up 39.9 percentage points from the prior year.
Flora Growth Corp's net profit margin was -26.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 48.3 percentage points from the prior year.
Flora Growth Corp invested $418K in research and development in fiscal year 2024. This represents an increase of 574.2% from the prior year.
Flora Growth Corp invested $134K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 17.8% from the prior year.
FLGC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.7M-34.1% | $14.8M+25.5% | $11.8M-36.5% | $18.6M+18.3% | $15.7M-13.0% | $18.0M+0.3% | $18.0M+3.8% | $17.3M |
| Cost of Revenue | $9.4M-21.3% | $12.0M+34.5% | $8.9M-34.4% | $13.6M+8.4% | $12.5M-11.7% | $14.2M-2.1% | $14.5M+17.1% | $12.4M |
| Gross Profit | $335K-88.2% | $2.8M-2.0% | $2.9M-42.0% | $5.0M+57.3% | $3.2M-17.8% | $3.9M+10.4% | $3.5M-29.4% | $4.9M |
| R&D Expenses | N/A | $73K-35.4% | $113K-40.8% | $191K+208.1% | $62K+31.9% | $47K+88.0% | $25K+212.5% | $8K |
| SG&A Expenses | $473K-37.8% | $760K+61.7% | $470K-6.0% | $500K-14.8% | $587K+32.8% | $442K+64.3% | $269K-20.9% | $340K |
| Operating Income | -$3.3M-27.3% | -$2.6M-162.6% | -$977K+87.0% | -$7.5M-112.2% | -$3.5M-42.4% | -$2.5M+66.3% | -$7.4M-1267.2% | -$540K |
| Interest Expense | -$61K+36.5% | -$96K-88.2% | -$51K+87.4% | -$406K-336.0% | $172K+266.0% | $47K | N/A | N/A |
| Income Tax | $18K+137.5% | -$48K-226.3% | $38K+118.6% | -$204K-482.9% | -$35K-127.3% | $128K+133.7% | -$380K-645.1% | -$51K |
| Net Income | -$6.7M-176.1% | -$2.4M-218.2% | -$758K+87.6% | -$6.1M-133.1% | -$2.6M+22.1% | -$3.4M+66.6% | -$10.1M-917.1% | $1.2M |
| EPS (Diluted) | $-9.05 | $-0.11-175.0% | $-0.04 | $10.32 | $-0.21+44.7% | $-0.38+49.3% | $-0.75-568.8% | $0.16 |
FLGC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $74.0M+226.5% | $22.7M+1.2% | $22.4M-14.6% | $26.2M-12.8% | $30.1M+23.9% | $24.3M+2.7% | $23.6M-25.2% | $31.6M |
| Current Assets | $18.1M+37.1% | $13.2M-0.2% | $13.2M-33.1% | $19.8M-7.5% | $21.4M-1.9% | $21.8M+1.9% | $21.4M-10.4% | $23.9M |
| Cash & Equivalents | $13.1M+790.6% | $1.5M-60.0% | $3.7M-29.6% | $5.2M-14.8% | $6.1M+47.4% | $4.2M-4.5% | $4.3M-8.7% | $4.8M |
| Inventory | $2.5M-48.3% | $4.8M+0.2% | $4.8M+114.0% | $2.2M-66.8% | $6.7M-27.0% | $9.2M+8.7% | $8.5M-20.0% | $10.6M |
| Accounts Receivable | $2.3M-55.0% | $5.1M+25.7% | $4.0M+158.4% | $1.6M-52.2% | $3.3M+2.0% | $3.2M-18.5% | $4.0M+11.5% | $3.5M |
| Goodwill | N/A | $4.7M+3.8% | $4.5M+125.6% | $2.0M-12.5% | $2.3M | N/A | $0 | $0 |
| Total Liabilities | $9.1M-51.2% | $18.6M+5.7% | $17.6M-18.8% | $21.7M-0.4% | $21.8M+3.2% | $21.1M+22.7% | $17.2M-6.8% | $18.5M |
| Current Liabilities | $8.7M-37.0% | $13.8M+9.7% | $12.6M-33.1% | $18.8M+2.4% | $18.4M-4.8% | $19.3M+18.7% | $16.3M-1.8% | $16.6M |
| Long-Term Debt | $64K-80.4% | $326K+18.5% | $275K | $0 | N/A | N/A | N/A | N/A |
| Total Equity | $64.9M+1513.7% | $4.0M-15.4% | $4.8M+5.5% | $4.5M-38.3% | $7.3M+132.9% | $3.1M-51.0% | $6.4M-55.3% | $14.3M |
| Retained Earnings | -$167.9M-4.1% | -$161.3M-1.5% | -$158.9M-0.5% | -$158.1M-6.7% | -$148.2M-1.8% | -$145.6M-2.2% | -$142.5M-6.6% | -$133.7M |
FLGC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $100K+103.5% | -$2.9M-5.9% | -$2.7M-102.7% | -$1.3M-407.9% | -$265K+80.2% | -$1.3M-18.5% | -$1.1M-318.3% | $518K |
| Capital Expenditures | $9K-86.2% | $65K+170.8% | $24K | $0-100.0% | $26K-70.5% | $88K+331.6% | -$38K-733.3% | $6K |
| Free Cash Flow | $91K+103.1% | -$3.0M-7.3% | -$2.8M-104.5% | -$1.3M-362.5% | -$291K+79.6% | -$1.4M-22.2% | -$1.2M-328.3% | $512K |
| Investing Cash Flow | -$11K+99.0% | -$1.1M-345.5% | $437K | $0-100.0% | $55K+162.5% | -$88K-331.6% | $38K+149.4% | -$77K |
| Financing Cash Flow | $10.6M+598.1% | $1.5M | $0-100.0% | $3.4M-25.7% | $4.6M+483.5% | -$1.2M-268.8% | $704K-69.8% | $2.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
FLGC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.4%-15.7pp | 19.1%-5.4pp | 24.5%-2.4pp | 26.9%+6.7pp | 20.2%-1.2pp | 21.4%+1.9pp | 19.4%-9.1pp | 28.5% |
| Operating Margin | -33.5%-16.2pp | -17.3%-9.0pp | -8.3%+32.2pp | -40.5%-17.9pp | -22.6%-8.8pp | -13.8%+27.3pp | -41.1%-38.0pp | -3.1% |
| Net Margin | -68.3%-52.0pp | -16.3%-9.9pp | -6.4%+26.6pp | -33.0%-16.3pp | -16.8%+1.9pp | -18.7%+37.5pp | -56.2%-63.4pp | 7.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.6% |
| Return on Assets | -9.0%+1.6pp | -10.6%-7.3pp | -3.4%+20.0pp | -23.4%-14.6pp | -8.7%+5.2pp | -13.9%+28.9pp | -42.8%-46.7pp | 3.9% |
| Current Ratio | 2.08+1.1 | 0.96-0.1 | 1.050.0 | 1.05-0.1 | 1.16+0.0 | 1.13-0.2 | 1.31-0.1 | 1.44 |
| Debt-to-Equity | 0.00-0.1 | 0.08+0.0 | 0.06+0.1 | 0.00-3.0 | 2.98-3.8 | 6.74+4.0 | 2.69+1.4 | 1.29 |
| FCF Margin | 0.9%+20.9pp | -20.0%+3.4pp | -23.4%-16.1pp | -7.2%-5.4pp | -1.9%+6.1pp | -7.9%-1.4pp | -6.5%-9.5pp | 3.0% |
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Frequently Asked Questions
What is Flora Growth Corp's annual revenue?
Flora Growth Corp (FLGC) reported $59.5M in total revenue for fiscal year 2024. This represents a -21.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Flora Growth Corp's revenue growing?
Flora Growth Corp (FLGC) revenue declined by 21.8% year-over-year, from $76.1M to $59.5M in fiscal year 2024.
Is Flora Growth Corp profitable?
No, Flora Growth Corp (FLGC) reported a net income of -$15.9M in fiscal year 2024, with a net profit margin of -26.7%.
What is Flora Growth Corp's earnings per share (EPS)?
Flora Growth Corp (FLGC) reported diluted earnings per share of $-1.30 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Flora Growth Corp's EBITDA?
Flora Growth Corp (FLGC) had EBITDA of -$14.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Flora Growth Corp have?
As of fiscal year 2024, Flora Growth Corp (FLGC) had $5.2M in cash and equivalents against $0 in long-term debt.
What is Flora Growth Corp's gross margin?
Flora Growth Corp (FLGC) had a gross margin of 21.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Flora Growth Corp's operating margin?
Flora Growth Corp (FLGC) had an operating margin of -26.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Flora Growth Corp's net profit margin?
Flora Growth Corp (FLGC) had a net profit margin of -26.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Flora Growth Corp's free cash flow?
Flora Growth Corp (FLGC) generated -$5.2M in free cash flow during fiscal year 2024. This represents a 39.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Flora Growth Corp's operating cash flow?
Flora Growth Corp (FLGC) generated -$5.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Flora Growth Corp's total assets?
Flora Growth Corp (FLGC) had $26.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Flora Growth Corp's capital expenditures?
Flora Growth Corp (FLGC) invested $134K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Flora Growth Corp spend on research and development?
Flora Growth Corp (FLGC) invested $418K in research and development during fiscal year 2024.
How many shares does Flora Growth Corp have outstanding?
Flora Growth Corp (FLGC) had 478,000 shares outstanding as of fiscal year 2024.
What is Flora Growth Corp's current ratio?
Flora Growth Corp (FLGC) had a current ratio of 1.05 as of fiscal year 2024, which is considered adequate.
What is Flora Growth Corp's debt-to-equity ratio?
Flora Growth Corp (FLGC) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flora Growth Corp's return on assets (ROA)?
Flora Growth Corp (FLGC) had a return on assets of -60.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Flora Growth Corp's cash runway?
Based on fiscal year 2024 data, Flora Growth Corp (FLGC) had $5.2M in cash against an annual operating cash burn of $5.0M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Flora Growth Corp's Piotroski F-Score?
Flora Growth Corp (FLGC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Flora Growth Corp's earnings high quality?
Flora Growth Corp (FLGC) has an earnings quality ratio of 0.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Flora Growth Corp cover its interest payments?
Flora Growth Corp (FLGC) has an interest coverage ratio of -73.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Flora Growth Corp?
Flora Growth Corp (FLGC) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.