What is AKANDA CORP's earnings per share (EPS)?

AKANDA CORP (AKAN) reported diluted earnings per share of $-3.14 for fiscal year 2024. This represents a 95.2% change compared to the previous fiscal year. 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.

AKANDA CORP Financials

AKAN

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows AKANDA CORP (AKAN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Financial Profile 45/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

AKANDA CORP's revenue surged 97.5% year-over-year to $837K, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

AKANDA CORP carries a low D/E ratio of 0.01, meaning only $0.01 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.

Liquidity

AKANDA CORP's current ratio of 1.39 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.

Cash Flow

While AKANDA CORP generated -$4.0M in operating cash flow, capex of $2.1M consumed most of it, leaving -$6.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

AKANDA CORP generates a -95.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Neutral

5/9

AKANDA CORP passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.97x

For every $1 of reported earnings, AKANDA CORP generates $0.97 in operating cash flow (-$4.0M OCF vs -$4.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$837K

YoY+97.5%

AKANDA CORP generated $837K in revenue in fiscal year 2024. This represents an increase of 97.5% from the prior year.

EBITDA

N/A

Net Income

-$4.1M

YoY+87.3%

AKANDA CORP reported -$4.1M in net income in fiscal year 2024. This represents an increase of 87.3% from the prior year.

EPS (Diluted)

$-3.14

YoY+95.2%

AKANDA CORP earned $-3.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 95.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$6.1M

YoY-304.7%

AKANDA CORP generated -$6.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 304.7% from the prior year.

Cash & Debt

$3.8M

YoY+3992.5%

5Y CAGR+36.2%

AKANDA CORP held $3.8M in cash against $30K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY-63.6%

AKANDA CORP had 2M shares outstanding in fiscal year 2024. This represents a decrease of 63.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-489.6%

YoY+7128.2pp

AKANDA CORP's net profit margin was -489.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 7128.2 percentage points from the prior year.

Return on Equity

-95.8%

AKANDA CORP's ROE was -95.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.1M

YoY+139589.6%

5Y CAGR+25.6%

AKANDA CORP invested $2.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 139589.6% from the prior year.

AKAN Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$837K+97.5%	$424K-83.8%	$2.6M+6223.0%	$41K+1909.3%	$2K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.1M+2179.3%	-$54K-100.4%	$11.9M	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$4.1M+87.3%	-$32.3M-176.9%	-$11.7M-43.4%	-$8.1M-253.4%	-$2.3M-65.0%	-$1.4M
EPS (Diluted)	$-3.14+95.2%	$-65.92-2297.1%	$-2.75-1733.3%	$-0.15	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AKAN Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$7.9M-10.5%	$8.8M-77.3%	$39.0M+384.7%	$8.0M+88.2%	$4.3M	N/A
Current Assets	$5.1M+180.0%	$1.8M-52.7%	$3.8M-4.0%	$4.0M+3019.3%	$128K	N/A
Cash & Equivalents	$3.8M+3992.5%	$94K-63.3%	$256K-92.7%	$3.5M+25784.1%	$14K-98.4%	$820K
Inventory	N/A	$1.3M+21.7%	$1.1M	N/A	$611	N/A
Accounts Receivable	$371K+30.2%	$285K-77.0%	$1.2M+409.8%	$242K	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.6M-71.3%	$12.7M+4.7%	$12.1M+18.0%	$10.2M+10.1%	$9.3M	N/A
Current Liabilities	$3.6M-64.2%	$10.2M+8.8%	$9.3M+13.1%	$8.3M+202.7%	$2.7M	N/A
Long-Term Debt	$30K	N/A	$117K-94.1%	$2.0M-23.8%	$2.6M	N/A
Total Equity	$4.3M+211.7%	-$3.8M-114.2%	$26.9M+1321.9%	-$2.2M+56.3%	-$5.0M-73.2%	-$2.9M
Retained Earnings	-$57.5M-7.7%	-$53.4M-153.0%	-$21.1M-58.6%	-$13.3M-157.5%	-$5.2M	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21	Q4'20
Total Assets	$6.2M-21.5%	$7.9M-20.6%	$10.0M+12.7%	$8.8M-77.3%	$39.0M-10.3%	$43.5M+440.4%	$8.0M+88.2%	$4.3M
Current Assets	$3.6M-29.4%	$5.1M-33.6%	$7.6M+321.6%	$1.8M-52.7%	$3.8M-45.0%	$6.9M+74.4%	$4.0M+3019.3%	$128K
Cash & Equivalents	$2.5M-34.2%	$3.8M-36.3%	$6.0M+6325.5%	$94K-63.3%	$256K-93.5%	$3.9M+12.5%	$3.5M+25784.1%	$14K
Inventory	N/A	N/A	N/A	$1.3M+21.7%	$1.1M+18.0%	$896K	N/A	$611
Accounts Receivable	$4K-98.9%	$371K+18.9%	$312K+9.6%	$285K-77.0%	$1.2M+70.0%	$727K+199.9%	$242K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.9M-19.9%	$3.6M-32.6%	$5.4M-57.4%	$12.7M+4.7%	$12.1M+36.8%	$8.8M-13.7%	$10.2M+10.1%	$9.3M
Current Liabilities	$2.8M-21.8%	$3.6M-32.6%	$5.4M-47.0%	$10.2M+8.8%	$9.3M+49.0%	$6.3M-24.1%	$8.3M+202.7%	$2.7M
Long-Term Debt	$71K+136.2%	$30K	N/A	N/A	$117K	N/A	$2.0M-23.8%	$2.6M
Total Equity	$3.3M-22.8%	$4.3M-6.4%	$4.6M+219.4%	-$3.8M-114.2%	$26.9M-22.3%	$34.6M+1673.5%	-$2.2M+56.3%	-$5.0M
Retained Earnings	-$58.3M-1.4%	-$57.5M-2.5%	-$56.0M-5.0%	-$53.4M-153.0%	-$21.1M-75.4%	-$12.0M+9.6%	-$13.3M-157.5%	-$5.2M

AKAN Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$4.0M-165.3%	-$1.5M+86.9%	-$11.5M-74.9%	-$6.6M	N/A	N/A
Capital Expenditures	$2.1M+139589.6%	$2K-99.5%	$311K-46.1%	$576K+31.3%	$439K-34.5%	$670K
Free Cash Flow	-$6.1M-304.7%	-$1.5M+87.2%	-$11.8M-65.1%	-$7.1M	N/A	N/A
Investing Cash Flow	-$1.0M-4183.0%	$25K+100.6%	-$4.2M-631.8%	-$576K-33.4%	-$432K+37.6%	-$693K
Financing Cash Flow	$9.0M+504.7%	$1.5M-89.5%	$14.1M+25.8%	$11.2M+987.2%	$1.0M-51.2%	$2.1M
Dividends Paid	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

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	N/A	N/A

AKAN Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-489.6%+7128.2pp	-7617.7%-7172.7pp	-445.0%+19180.9pp	-19625.9%+91944.0pp	-111569.9%	N/A
Return on Equity	-95.8%	N/A	-43.3%	N/A	N/A	N/A
Return on Assets	-51.8%+313.3pp	-365.1%-335.2pp	-29.9%+71.2pp	-101.1%-47.2pp	-53.8%	N/A
Current Ratio	1.39+1.2	0.18-0.2	0.41-0.1	0.48+0.4	0.05	N/A
Debt-to-Equity	0.01+3.3	-3.31-3.3	0.00+0.9	-0.90-0.4	-0.52	N/A
FCF Margin	-726.5%-372.0pp	-354.5%+95.2pp	-449.7%+16768.2pp	-17217.9%	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22	Q2'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.25-0.1	1.39-0.0	1.41+1.2	0.18-0.2	0.41-0.7	1.11+0.6	0.48+0.4	0.05
Debt-to-Equity	0.02+0.0	0.01-1.2	1.18+4.5	-3.31-3.3	0.00-0.3	0.26+1.2	-0.90-0.4	-0.52
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is AKANDA CORP's annual revenue?

AKANDA CORP (AKAN) reported $837K in total revenue for fiscal year 2024. This represents a 97.5% 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 AKANDA CORP's revenue growing?

AKANDA CORP (AKAN) revenue grew by 97.5% year-over-year, from $424K to $837K in fiscal year 2024.

Is AKANDA CORP profitable?

No, AKANDA CORP (AKAN) reported a net income of -$4.1M in fiscal year 2024, with a net profit margin of -489.6%.

How much debt does AKANDA CORP have?

As of fiscal year 2024, AKANDA CORP (AKAN) had $3.8M in cash and equivalents against $30K in long-term debt.

What is AKANDA CORP's net profit margin?

AKANDA CORP (AKAN) had a net profit margin of -489.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is AKANDA CORP's return on equity (ROE)?

AKANDA CORP (AKAN) has a return on equity of -95.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is AKANDA CORP's free cash flow?

AKANDA CORP (AKAN) generated -$6.1M in free cash flow during fiscal year 2024. This represents a -304.7% 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 AKANDA CORP's operating cash flow?

AKANDA CORP (AKAN) generated -$4.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are AKANDA CORP's total assets?

AKANDA CORP (AKAN) had $7.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are AKANDA CORP's capital expenditures?

AKANDA CORP (AKAN) invested $2.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does AKANDA CORP have outstanding?

AKANDA CORP (AKAN) had 2M shares outstanding as of fiscal year 2024.

What is AKANDA CORP's current ratio?

AKANDA CORP (AKAN) had a current ratio of 1.39 as of fiscal year 2024, which is considered adequate.

What is AKANDA CORP's debt-to-equity ratio?

AKANDA CORP (AKAN) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is AKANDA CORP's return on assets (ROA)?

AKANDA CORP (AKAN) had a return on assets of -51.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is AKANDA CORP's cash runway?

Based on fiscal year 2024 data, AKANDA CORP (AKAN) had $3.8M in cash against an annual operating cash burn of $4.0M. 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 AKANDA CORP's Piotroski F-Score?

AKANDA CORP (AKAN) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 AKANDA CORP's earnings high quality?

AKANDA CORP (AKAN) has an earnings quality ratio of 0.97x, 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.

How financially healthy is AKANDA CORP?

AKANDA CORP (AKAN) scores 45 out of 100 on our Financial Profile, indicating moderate 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.