Cronos Group Inc. (CRON) Income Statement
CRON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRON revenue and net income
Where CRON's revenue goes
2025Each bar shows an amount and its share of revenue. CRON kept −6.4% of revenue as net income.
CRON profit margins
CRON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.8% | +19.8% | +26.1% | +45.9% |
| Gross profit | +144.9% | +58.7% | — | +37.8% |
| Operating income | — | — | — | — |
| Net income | −123.4% | — | — | — |
| EPS (diluted) | −81.2% | — | — | +11.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRON quarterly EPS vs estimates
Cronos beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.03).
CRON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.2M | $117.6M | $87.2M | $86.7M | $64.6M | $46.7M | $17.8M | $12.1M | $4.1M | $412,322 |
| Cost of revenue | $87.5M | $92.4M | $75.3M | $71.3M | $82.2M | $72.6M | $31.1M | $5.9M | $2.0M | $1.4M |
| Gross profit | $61.7M | $25.2M | $11.9M | $15.4M | −$17.6M | −$25.8M | −$13.2M | $6.2M | $2.0M | $1.5M |
| Research & development | $4.4M | $4.2M | $5.8M | $13.1M | $21.8M | $20.4M | $9.1M | $1.7M | $2.4M | $2.4M |
| Sales, general & admin | $63.8M | $76.8M | $80.9M | $100.7M | $121.7M | $130.3M | $87.2M | $24.0M | $7.0M | $2.8M |
| Total operating expenses | $79.5M | $101.7M | $96.7M | $126.9M | $274.4M | $193.6M | $101.9M | $26.7M | −$7.8M | $1.3M |
| Operating income | −$17.8M | −$76.5M | −$84.8M | −$111.4M | −$292.0M | −$219.4M | −$118.5M | −$20.4M | −$7.8M | −$2.1M |
| Interest income | $40.0M | $52.0M | $46.5M | $22.5M | $9.1M | $18.6M | $1.27B | $476,000 | — | $4,923 |
| Interest expense | — | — | — | $13,000 | $27,000 | $186,000 | $24.8M | $78,559 | $100,198 | $240,030 |
| Income before taxes | −$17.4M | $36.6M | −$73.7M | −$121.0M | −$128.5M | −$73.3M | $875.7M | −$20.9M | −$3.0M | −$1.8M |
| Income taxes | −$14.4M | −$3.4M | −$3.2M | $34.2M | −$431,000 | $1.3M | −$1.29B | $359,022 | −$862,000 | −$572,187 |
| Net income | −$9.6M | $41.1M | −$74.0M | −$168.7M | −$396.1M | −$73.1M | $1.19B | −$21.6M | $2.5M | −$1.2M |
| EBITDA | −$3.4M | −$50.2M | −$71.8M | −$91.3M | −$150.1M | −$66.0M | −$115.2M | −$18.8M | −$5.4M | −$851,000 |
| EPS (diluted) | $0.03 | $0.16 | −$0.13 | −$0.48 | −$0.18 | −$0.63 | $0.04 | −$0.16 | $0.02 | −$0.03 |
| Gross margin | 41.4% | 21.4% | 13.7% | 17.8% | −27.3% | −55.3% | −74.1% | 51.3% | 48.3% | 359.7% |
| Operating margin | −12.0% | −65.1% | −97.2% | −128.4% | −452.2% | −469.6% | −664.2% | −168.7% | −187.9% | −516.8% |
| Net margin | −6.4% | 34.9% | −84.8% | −194.5% | −613.5% | −156.5% | 6,691.6% | −178.5% | 61.0% | −290.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53.0M | $44.6M | $91.3M | $36.3M | $33.5M | $32.3M | $30.3M | $34.3M | $27.8M | $25.3M | $23.9M | $24.8M |
| Cost of revenue | $24.6M | $26.1M | $75.1M | $18.0M | $19.0M | $18.5M | $19.5M | $30.7M | $21.5M | $20.8M | $22.0M | $20.8M |
| Gross profit | $28.5M | $18.5M | $16.2M | $18.3M | $14.5M | $13.7M | $10.8M | $3.6M | $6.3M | $4.5M | $1.9M | $4.0M |
| Research & development | $1.2M | $1.4M | $1.4M | $1.3M | $929,000 | $793,000 | $1.0M | $1.2M | $962,000 | $997,000 | $1.5M | $1.2M |
| Sales, general & admin | $19.1M | $17.4M | $7.1M | $16.9M | $17.3M | $16.0M | $20.7M | $20.6M | $19.3M | $16.3M | $18.1M | $21.6M |
| Total operating expenses | $20.8M | $19.9M | $9.2M | $18.8M | $19.8M | $17.8M | $22.2M | $37.3M | $21.9M | $20.4M | $23.5M | $25.7M |
| Operating income | $7.6M | −$1.4M | $7.0M | −$503,000 | −$5.3M | −$4.1M | −$11.4M | −$33.7M | −$15.6M | −$15.9M | −$21.6M | −$21.8M |
| Interest income | $8.8M | $8.9M | $9.6M | $11.7M | $9.0M | $9.7M | $11.9M | $12.5M | $13.5M | $14.2M | $14.2M | $13.4M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $8.1M | — |
| Income before taxes | $35.7M | $17.9M | −$12.4M | $27.0M | −$39.0M | $7.3M | $45.9M | $4.6M | −$10.9M | −$3.0M | −$45.5M | −$2.8M |
| Income taxes | $51,000 | $2.4M | −$11.9M | −$1.3M | −$525,000 | −$455,000 | $2.0M | −$2.7M | −$2.2M | −$558,000 | −$360,000 | −$1.3M |
| Net income | $32.1M | $13.6M | −$1.8M | $26.0M | −$39.7M | $6.1M | $43.7M | $8.3M | −$8.8M | −$2.2M | −$44.8M | −$1.6M |
| EBITDA | $11.0M | $2.2M | −$32.4M | $30.5M | −$354,000 | −$677,000 | −$10.5M | −$15.7M | −$13.5M | −$12.2M | −$17.0M | −$18.2M |
| EPS (diluted) | $0.03 | $0.05 | −$0.00 | $0.10 | −$0.10 | $0.03 | $0.16 | $0.03 | −$0.02 | −$0.01 | −$0.05 | −$0.02 |
| Gross margin | 53.7% | 41.4% | 17.7% | 50.4% | 43.4% | 42.6% | 35.7% | 10.5% | 22.7% | 17.7% | 8.0% | 16.0% |
| Operating margin | 14.3% | −3.2% | 7.6% | −1.4% | −15.9% | −12.6% | −37.5% | −98.2% | −56.1% | −63.1% | −90.5% | −87.8% |
| Net margin | 60.5% | 30.4% | −2.0% | 71.4% | −118.7% | 19.0% | 144.3% | 24.4% | −31.5% | −8.9% | −187.3% | −6.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRON's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRON financial results
In fiscal year 2025 (ended December 31, 2025), Cronos reported revenue of $149.2 million, up 26.8% from the year before. It had a net loss of $9.6 million, a net profit margin of −6.4%. Diluted earnings per share came to $0.03. Over five years revenue grew at an average rate of 26.1% a year.
See the CRON stock overview for the latest quote and news, or the CRON chart for price history and technical indicators.
CRON income statement FAQ
What is Cronos's annual revenue?
Cronos reported total revenue of $149.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 26.8% from $117.6 million the previous year.
Is Cronos profitable?
No. Cronos reported a net loss of $9.6 million in fiscal 2025, a net profit margin of −6.4%; its operating margin was −12.0%.
What is Cronos's gross margin?
Cronos's gross margin was 41.4% in fiscal 2025: for every $100 of revenue, Cronos kept $41 after the direct cost of its products and services.
How much does Cronos spend on research and development?
Cronos spent $4.4 million on research and development in fiscal 2025, 3.0% of revenue.
How fast is Cronos growing?
Revenue grew 26.1% a year on average over the last five fiscal years, from $46.7 million to $149.2 million.
What are Cronos's earnings per share?
Cronos earned $0.03 per diluted share in fiscal 2025, compared with $0.16 a year earlier.
When will Cronos report its next earnings?
Cronos is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Cronos's fiscal year end?
Cronos's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.