Akanda Corp. key statistics and ratios

In fiscal 2025, Akanda Corp. had an operating margin of -1931.0% and a current ratio of 0.58. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Akanda Corp.: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	—	−3.8%	—	14.0%	24.9%	−60.5%
Operating margin	<−999%	<−999%	−770.2%	−863.6%	−481.7%	<−999%
Net margin	<−999%	<−999%	−445.0%	<−999%	−489.6%	−467.1%
Free-cash-flow margin	—	<−999%	−449.7%	−354.5%	−726.5%	<−999%
Return on equity	—	—	−94.4%	—	—	—
Return on assets	−53.8%	−132.0%	−49.6%	−134.9%	−48.9%	−17.1%
Asset turnover	0.00	0.01	0.11	0.02	0.10	0.04
Current ratio	0.05	0.48	0.41	0.18	1.39	0.58
Debt to equity	—	—	13.3%	—	8.3%	—
Interest cover (operating income ÷ interest)	—	—	—	n/m	n/m	n/m
Capital spending as % of revenue	>999%	>999%	11.9%	0.4%	250.8%	478.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 3 checks passed · December 31, 2025

What it owns · $6m

Short-term assets $4mLonger-term assets $3m

What it owes, and who funded it · $18m

Short-term liabilities $6mLonger-term liabilities $12mShareholders' equity $-12m

Short-term assets cover short-term liabilities $4m of assets due within a year against $6m of liabilities due within a year.
Short-term assets cover long-term liabilities $4m short-term assets against $12m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$5m against $4,706 of interest.

From Akanda Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Akanda Corp.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Akanda Corp.