Cronos Group Inc. (CRON) Balance Sheet
CRON balance sheet, 2025
December 31, 2025 · U.S. dollars$1.20B assets = $54.2M liabilities + $1.14B equity
Both columns are drawn to the same scale: what CRON owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRON financial health
Descriptive bands, not a rating. Fiscal 2025.
CRON balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $31.9M2016 | $1.20B2025 | +49.6%/yr | |
| Total liabilities | $6.9M2016 | $54.2M2025 | +25.8%/yr | |
| Shareholders’ equity | $25.1M2016 | $1.09B2025 | +52.1%/yr | |
| Cash & short-term investments | $2.6M2016 | $831.8M2025 | +90.0%/yr | |
| Total debt | $3.0M2016 | $1.5M2025 | −7.3%/yr | |
| Net cash (debt) | −$398,6262016 | $830.3M2025 | +$830.7M | |
| Working capital | $238,5392016 | $895.9M2025 | +$895.7M | |
| Book value per share | $0.322016 | $2.842025 | +27.4%/yr | |
| Debt / equity | 0.122016 | 0.002025 | −0.12 | |
| Shares outstanding | 78.2M2016 | 385.3M2025 | +19.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRON assets
CRON liabilities and equity
CRON debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRON balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $831.8M | $858.8M | $861.5M | $877.7M | $1.00B | $1.29B | $1.13B | $32.7M | $7.3M | $2.6M |
| Cash & equivalents | $791.8M | $858.8M | $669.3M | $764.6M | $887.0M | $1.08B | $901.0M | $24.0M | $7.3M | $2.6M |
| Short-term investments | $40.0M | $0 | $192.2M | $113.1M | $117.7M | $211.8M | $230.1M | $0 | $0 | $0 |
| Receivables | $57.2M | $29.8M | $35.9M | $31.3M | $33.3M | $26.0M | $12.4M | $4.2M | $3.6M | $107,000 |
| Inventory | $46.8M | $33.1M | $30.5M | $37.6M | $32.8M | $44.0M | $28.6M | $10.1M | $9.7M | $2.8M |
| Other current assets | $8.3M | $14.4M | $5.4M | $13.6M | $9.0M | $12.3M | $9.5M | $3.6M | $628,231 | $576,844 |
| Total current assets | $944.1M | $936.1M | $933.3M | $960.2M | $1.08B | $1.37B | $1.18B | $50.5M | $21.2M | $6.0M |
| Property, plant & equipment (net) | $147.3M | $134.6M | $60.8M | $62.8M | $83.0M | $197.4M | $125.0M | $126.2M | $44.7M | $10.5M |
| Goodwill & intangible assets | $75.4M | $74.6M | $22.1M | $27.7M | $19.2M | $249.2M | $214.6M | $9.6M | $10.3M | $9.7M |
| Long-term investments | $7.7M | $2.8M | $54.7M | $89.7M | $135.2M | $106.9M | $557,000 | $3.1M | $4.1M | $5.7M |
| Other non-current assets | $22.7M | $18.2M | $69.3M | $72.5M | $80.7M | $0 | $48.2M | $42.6M | $2 | $1 |
| Total assets | $1.20B | $1.17B | $1.14B | $1.21B | $1.40B | $1.93B | $1.57B | $231.9M | $80.3M | $31.9M |
| Liabilities | ||||||||||
| Accounts payable | $11.6M | $17.0M | $12.1M | $11.2M | $11.1M | $19.3M | $26.5M | $1.6M | $6.3M | $586,000 |
| Short-term debt | $337,000 | $1.0M | $994,000 | $1.3M | $2.7M | $1.3M | $320,702 | $40,844 | $0 | $3.0M |
| Deferred revenue | — | — | $64,000 | — | $26.1M | — | — | $2 | — | — |
| Total current liabilities | $48.2M | $49.7M | $41.4M | $68.1M | $54.4M | $206.8M | $250.0M | $33.3M | $6.3M | $5.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.9M | $0 |
| Lease obligations | $1.5M | $2.0M | $2.6M | $3.9M | $9.8M | $9.8M | $7.1M | $0 | $0 | $0 |
| Other long-term liabilities | $6.0M | $5.6M | $2.7M | $3.9M | $9.1M | $10.7M | $6.4M | $2.9M | $1.4M | $1.1M |
| Total liabilities | $54.2M | $55.3M | $44.1M | $72.0M | $63.5M | $217.5M | $256.4M | $34.9M | $11.7M | $6.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $663.0M | $669.9M | $662.2M | $611.3M | $595.5M | $569.3M | $421.5M | $238.9M | $84.7M | $25.0M |
| Retained earnings (deficit) | $447.8M | $457.7M | $416.7M | $490.7M | $659.4M | $1.06B | $854.4M | −$38.1M | −$3.8M | −$4.6M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$16.8M | −$63.5M | $20.7M | −$797,000 | $49.9M | $43.0M | $20.9M | −$13.5M | $4.3M | $1.2M |
| Minority interest | $49.1M | $46.9M | −$3.4M | −$2.9M | −$3.0M | −$3.2M | −$853,000 | $0 | $0 | $0 |
| Total shareholders' equity | $1.09B | $1.06B | $1.10B | $1.14B | $1.34B | $1.71B | $1.31B | $148.4M | $87.6M | $25.1M |
| Key figures | ||||||||||
| Total debt | $1.5M | $2.0M | $2.6M | $3.9M | $9.8M | $9.8M | $5.3M | $159,292 | $4.3M | $3.0M |
| Net cash (debt) | $830.3M | $856.8M | $859.0M | $873.8M | $994.9M | $1.28B | $1.13B | $32.5M | $3.1M | −$398,626 |
| Working capital | $895.9M | $886.4M | $891.9M | $892.0M | $1.03B | $1.17B | $931.6M | $17.2M | $15.0M | $238,539 |
| Tangible book value | $1.02B | $989.5M | $1.08B | $1.12B | $1.32B | $1.46B | $1.10B | $138.9M | $77.2M | $15.4M |
| Book value per share | $2.84 | $2.76 | $2.89 | $3.03 | $3.61 | $4.87 | $3.83 | $0.86 | $0.50 | $0.32 |
| Shares outstanding | 385.3M | 385.6M | 381.0M | 377.0M | 370.4M | 351.6M | 342.8M | 172.3M | 176.8M | 78.2M |
| Current ratio | 19.59 | 18.84 | 22.54 | 14.10 | 19.86 | 6.63 | 4.73 | 1.52 | 3.39 | 1.04 |
| Quick ratio | 18.45 | 17.88 | 21.68 | 13.35 | 19.09 | 6.36 | 4.57 | 1.11 | 1.75 | 0.46 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.05 | 0.12 |
| Equity / assets | 91.4% | 91.2% | 96.4% | 94.3% | 95.7% | 88.9% | 83.7% | 64.0% | 109.0% | 78.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $797.0M | $824.6M | $831.8M | $824.2M | $834.4M | $837.8M | $858.8M | $862.0M | $848.2M | $855.1M | $861.5M | $1.14B |
| Cash & equivalents | $467.0M | $824.6M | $791.8M | $784.2M | $794.4M | $797.8M | $858.8M | $862.0M | $848.2M | $855.1M | $669.3M | $776.4M |
| Short-term investments | $330.0M | $0 | $40.0M | $40.0M | $40.0M | $40.0M | $0 | $0 | $0 | $0 | $192.2M | $363.9M |
| Receivables | $52.1M | $52.5M | $57.2M | $38.2M | $39.4M | $31.8M | $29.8M | $33.6M | $33.5M | $30.8M | $35.9M | $21.4M |
| Inventory | $52.7M | $48.8M | $46.8M | $48.2M | $42.1M | $34.6M | $33.1M | $47.2M | $29.2M | $30.6M | $30.5M | $48.7M |
| Other current assets | $10.2M | $5.0M | $8.3M | $11.6M | $11.2M | $14.4M | $14.4M | $16.3M | $24.4M | $25.7M | $5.4M | $37.0M |
| Total current assets | $912.0M | $930.9M | $944.1M | $922.2M | $927.1M | $918.6M | $936.1M | $959.2M | $935.3M | $942.2M | $933.3M | $1.25B |
| Property, plant & equipment (net) | $142.8M | $143.9M | $147.3M | $147.1M | $151.9M | $140.5M | $134.6M | $163.6M | $38.0M | $38.4M | $60.8M | $77.4M |
| Goodwill & intangible assets | $72.2M | $74.2M | $75.4M | $75.2M | $77.5M | $73.9M | $74.6M | $42.3M | $20.1M | $21.1M | $22.1M | $34.3M |
| Long-term investments | $4.5M | $5.2M | $7.7M | $11.4M | $2.3M | $2.8M | $2.8M | $2.9M | $24.4M | $40.3M | $54.7M | $80.4M |
| Other non-current assets | $48.3M | $21.7M | $22.7M | $22.5M | $16.4M | $18.1M | $18.2M | $16.2M | $73.2M | $66.6M | $69.3M | $122.6M |
| Total assets | $1.18B | $1.18B | $1.20B | $1.18B | $1.18B | $1.15B | $1.17B | $1.18B | $1.09B | $1.11B | $1.14B | $1.56B |
| Liabilities | ||||||||||||
| Accounts payable | $17.4M | $10.3M | $11.6M | $10.9M | $12.1M | $9.5M | $17.0M | $6.5M | $7.8M | $9.4M | $12.1M | $6.5M |
| Short-term debt | $162,000 | $169,555 | $337,000 | $576,000 | $822,000 | $977,000 | $1.0M | $980,000 | $931,000 | $958,000 | $994,000 | $1.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | $61,000 | $73,000 | $64,000 | $635,000 |
| Total current liabilities | $56.4M | $42.6M | $48.2M | $41.1M | $37.6M | $33.0M | $49.7M | $39.6M | $33.1M | $33.4M | $41.4M | $41.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.3M | $1.3M | $1.5M | $1.7M | $2.0M | $1.8M | $2.0M | $1.9M | $2.0M | $2.3M | $2.6M | $2.7M |
| Other long-term liabilities | $6.1M | $5.9M | $6.0M | $5.3M | $7.4M | $6.0M | $5.6M | $13.3M | $2.2M | $2.3M | $2.7M | $3.8M |
| Total liabilities | $62.4M | $48.5M | $54.2M | $46.4M | $45.0M | $39.1M | $55.3M | $52.8M | $35.3M | $35.8M | $44.1M | $45.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $649.2M | $663.0M | $666.1M | $666.6M | $669.0M | $669.9M | $616.4M | $616.4M | $615.6M | $662.2M | $833.0M |
| Retained earnings (deficit) | $492.3M | $462.1M | $447.8M | $450.0M | $424.1M | $463.8M | $457.7M | $414.0M | $405.6M | $414.5M | $416.7M | $626.8M |
| Accumulated other comprehensive income | −$55.7M | −$34.0M | −$16.8M | −$33.7M | −$8.4M | −$66.4M | −$63.5M | −$361,000 | −$12.0M | −$1.8M | $20.7M | −$2.9M |
| Minority interest | $48.8M | $50.2M | $49.1M | $49.5M | $47.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.07B | $1.08B | $1.09B | $1.08B | $1.08B | $1.07B | $1.06B | $1.08B | $1.06B | $1.08B | $1.10B | $1.52B |
| Key figures | ||||||||||||
| Total debt | $1.3M | $1.3M | $1.5M | $1.7M | $2.0M | $1.8M | $2.0M | $1.9M | $2.0M | $2.3M | $2.6M | $3.7M |
| Net cash (debt) | $795.7M | $823.2M | $830.3M | $822.4M | $832.4M | $836.0M | $856.8M | $860.2M | $846.2M | $852.9M | $859.0M | $1.14B |
| Working capital | $855.7M | $888.4M | $895.9M | $881.1M | $889.5M | $885.5M | $886.4M | $919.6M | $902.2M | $908.8M | $891.9M | $1.21B |
| Tangible book value | $996.5M | $1.00B | $1.02B | $1.01B | $1.00B | $992.5M | $989.5M | $1.04B | $1.04B | $1.06B | $1.08B | $1.49B |
| Book value per share | $2.77 | $2.80 | $2.84 | $2.81 | $2.81 | $2.76 | $2.75 | $2.80 | $2.77 | $2.82 | $2.88 | $3.99 |
| Shares outstanding | 385.3M | 385.3M | 385.3M | 385.3M | 385.3M | 387.0M | 386.5M | 386.0M | 382.2M | 381.4M | 381.2M | 381.1M |
| Current ratio | 16.18 | 21.87 | 19.59 | 22.45 | 24.65 | 27.80 | 18.84 | 24.24 | 28.29 | 28.19 | 22.54 | 30.03 |
| Quick ratio | 15.06 | 20.61 | 18.45 | 21.00 | 23.23 | 26.31 | 17.88 | 22.64 | 26.67 | 26.51 | 21.68 | 27.97 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 90.6% | 91.6% | 91.4% | 91.9% | 92.1% | 92.4% | 91.2% | 91.3% | 97.1% | 97.1% | 96.4% | 97.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
CRON financial position
At the end of fiscal 2025 (December 31, 2025), Cronos had total assets of $1.2 billion (up 2.6% from a year earlier), total liabilities of $54.2 million and shareholders' equity of $1.1 billion. It held $831.8 million in cash and short-term investments against $1.5 million of debt, a net cash position of $830.3 million. Its current ratio was 19.59. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $1.1 billion.
Related: CRON income statement, CRON cash flow statement, CRON key metrics. See the CRON stock overview for the latest quote and news.
CRON balance sheet FAQ
What are Cronos's total assets?
Cronos reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.2 billion a year earlier.
How much debt does Cronos have?
Cronos had $1.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Cronos have?
Cronos held $831.8 million in cash and short-term investments at the end of fiscal 2025; with $1.5 million of debt that is net cash of $830.3 million.
What is Cronos's book value?
Cronos's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $2.84 per share.
What is Cronos's current ratio?
Cronos had current assets of $944.1 million and current liabilities of $48.2 million, a current ratio of 19.59 (it can cover its short-term obligations).
How much goodwill does Cronos have?
Cronos carried $75.4 million of goodwill and intangible assets, 6.3% of total assets, at the end of fiscal 2025.