10-K · February 26, 2026
Cronos reported Q4 net revenue of $44,531,000 and diluted EPS of $0.00, with a strong gross margin (69.7%) but continuing negative operating margin (-8.2%) for the quarter. The 10-K emphasizes a single consolidated…
Earnings analysis · 10-Q
CRON earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Cronos Group reported Q1 2026 results with net revenue of $45.2 million, marking a 40% year-over-year increase but falling short of analysts' expectations of $54.5 million. Noteworthy is the adjusted EBITDA of $5.1…
Read full summary
Cronos Group reported Q1 2026 results with net revenue of $45.2 million, marking a 40% year-over-year increase but falling short of analysts' expectations of $54.5 million. Noteworthy is the adjusted EBITDA of $5.1 million, driven largely by international sales expansion, particularly in Israel. The company holds a substantial cash position of $822 million and remains engaged in a $50 million share repurchase initiative.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.04
What stood out
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Revenue Growth of 40% YoY
Net revenue reached $45.2 million for Q1 2026, up from $32.3 million in Q1 2025.
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Strong Net Income Performance
Net income attributable to Cronos Group was $13.8 million, compared to $6.1 million in the prior year, a 126% increase.
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Adjusted EBITDA Surge
Adjusted EBITDA improved to $5.1 million, a 122% growth from $2.3 million in Q1 2025.
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Significant Cash Position
As of March 31, 2026, Cronos had $821.9 million in cash and cash equivalents.
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Share Repurchase Program Ongoing
The company plans to execute a share repurchase program of up to $50 million, with $16.7 million already used for repurchases.
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Lower Inventory Write-Down
Inventory write-downs increased to $0.7 million from zero in the prior year, indicating better inventory management.
What to watch
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Inventory Write-Downs
The company incurred $0.7 million in inventory write-downs for Q1 2026 due to unusable inventory.
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Geopolitical Risks in Israel
Continued conflict in the Middle East could impact operations and product supply in Israel, a key market.
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Anti-Dumping Investigations
Ongoing investigations may threaten operations in Israel, potentially affecting future revenue.
Management's outlook
No explicit guidance provided, outlook details deferred.
Earlier filings 4
10-Q · May 8, 2025
Cronos Group reported Q1 2025 net revenue of $32,262 (in thousands), up from $25,288 in Q1 2024, with gross profit rising to $13,734 (in thousands). Operating loss narrowed to $(4,072) (in thousands) and the company…
10-K · February 27, 2025
Cronos presents a strategy focused on building iconic brands, expanding international distribution and scaling supply via the Cronos GrowCo expansion. The company consolidated Cronos GrowCo on July 1, 2024, producing a…
10-Q · November 12, 2024
Cronos Group reported Q3 net revenue of $34,264,000 (up $9,454,000 or ~38% vs. $24,810,000 in Q3 2023) and diluted EPS of $0.02. Operating results remain weak with an operating loss of $33,655,000, but net income was…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.