Cronos Group (CRON) Financials

$2.01 -0.04 (-1.95%)

Closing price 07/18/2025 04:00 PM Eastern

Extended Trading

$2.00 -0.01 (-0.75%)

As of 07/18/2025 07:59 PM Eastern

Annual Income Statements for Cronos Group

This table shows Cronos Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.80	-1.48	-22	1,167	-73	-396	-169	-74	41
Consolidated Net Income / (Loss)	-0.89	-1.48	-22	1,166	-75	-397	-169	-75	40
Net Income / (Loss) Continuing Operations	-0.80	-1.48	-21	1,166	-75	-128	-155	-70	40
Total Pre-Tax Income	-0.80	-2.35	-21	1,166	-73	-129	-121	-74	37
Total Operating Income	-2.98	-6.12	-20	-153	-219	-292	-111	-85	-77
Total Gross Profit	1.48	1.57	6.21	-18	-26	-18	15	12	25
Total Revenue	0.41	3.15	13	26	54	65	87	87	118
Operating Revenue	0.41	3.15	13	26	54	80	109	120	162
Other Revenue	-	-	-	-	-	-15	-23	-33	-44
Total Cost of Revenue	0.55	1.57	7.02	43	80	82	71	75	92
Operating Cost of Revenue	0.55	1.57	7.02	43	80	82	71	75	92
Total Operating Expenses	2.84	7.70	27	136	194	274	127	97	102
Selling, General & Admin Expense	2.56	4.90	13	81	81	91	68	49	47
Marketing Expense	-	0.44	2.54	23	34	21	18	23	22
Research & Development Expense	-	0.00	1.81	12	20	22	13	5.84	4.23
Depreciation Expense	0.28	0.42	0.81	2.09	2.87	4.41	5.97	5.04	3.70
Other Operating Expenses / (Income)	-	1.93	8.15	12	15	9.84	15	8.76	8.70
Impairment Charge	-	-	-	0.00	40	126	3.49	3.37	16
Restructuring Charge	-	0.00	0.00	5.33	0.00	0.00	3.55	1.52	0.63
Total Other Income / (Expense), net	2.18	3.78	-0.48	1,319	146	163	-9.58	11	113
Interest & Investment Income	0.12	0.03	-0.48	42	19	2.76	26	53	87
Other Income / (Expense), net	2.23	3.75	0.00	1,277	127	161	-35	-42	26
Income Tax Expense	-	-0.86	0.00	0.00	1.35	-0.43	34	-3.23	-3.44
Net Income / (Loss) Discontinued Operations	-	-	-0.89	-0.36	-0.65	-269	-14	-4.11	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	-0.18	-0.93	-2.13	-1.10	0.00	-0.59	-1.06
Basic Earnings per Share	-	($0.01)	($0.12)	$3.76	-	($1.07)	($0.45)	($0.19)	$0.11
Weighted Average Basic Shares Outstanding	-	134.80M	172.27M	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M
Diluted Earnings per Share	-	($0.01)	($0.12)	$3.33	-	($1.07)	($0.45)	($0.19)	$0.11
Weighted Average Diluted Shares Outstanding	-	176.79M	172.27M	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M
Weighted Average Basic & Diluted Shares Outstanding	-	134.80M	178.72M	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M

This table shows Cronos Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-37	-79	-19	-8.36	-1.64	-45	-2.24	-8.76	8.35	44	6.12
Consolidated Net Income / (Loss)	-37	-79	-19	-8.50	-1.77	-45	-2.48	-8.76	7.32	44	7.72
Net Income / (Loss) Continuing Operations	-33	-72	-18	-5.66	-1.59	-45	-2.48	-8.76	7.32	44	7.72
Total Pre-Tax Income	-31	-40	-19	-5.84	-2.84	-46	-3.04	-11	4.62	46	7.27
Total Operating Income	-27	-23	-21	-21	-22	-22	-16	-16	-34	-11	-4.07
Total Gross Profit	3.14	1.04	2.93	3.10	3.97	1.91	4.48	6.30	3.61	11	14
Total Revenue	20	20	19	19	25	24	25	28	47	18	32
Operating Revenue	26	27	27	26	34	34	35	39	47	41	42
Other Revenue	-5.66	-7.03	-7.06	-6.78	-9.10	-10	-10	-11	-	-	-9.64
Total Cost of Revenue	17	19	17	16	21	22	21	21	43	7.16	19
Operating Cost of Revenue	17	19	17	16	21	22	21	21	43	7.16	19
Total Operating Expenses	30	24	24	24	26	24	20	22	37	22	18
Selling, General & Admin Expense	16	13	12	13	14	9.80	8.91	13	13	12	9.31
Marketing Expense	5.25	3.60	5.74	5.30	5.30	6.37	5.33	4.33	5.53	6.41	4.57
Research & Development Expense	2.54	2.36	2.04	1.11	1.25	1.45	1.00	0.96	1.24	1.03	0.79
Depreciation Expense	1.70	1.57	1.53	1.53	1.46	0.53	1.12	1.02	1.10	0.46	0.50
Other Operating Expenses / (Income)	4.25	4.49	2.54	2.33	1.96	1.93	2.02	2.24	2.26	2.19	2.09
Impairment Charge	0.00	-	0.00	0.00	0.00	3.37	1.97	0.00	14	-	0.00
Restructuring Charge	0.39	-0.90	0.00	0.00	1.42	0.10	0.08	0.55	0.00	-	0.56
Total Other Income / (Expense), net	-3.65	-17	1.30	15	19	-24	13	4.63	38	57	11
Interest & Investment Income	6.09	8.52	11	13	14	15	16	14	45	12	9.67
Other Income / (Expense), net	-9.74	-26	-9.38	2.04	4.50	-39	-2.79	-9.74	-6.66	45	1.68
Income Tax Expense	2.12	32	-1.44	-0.18	-1.25	-0.36	-0.56	-2.17	-2.71	2.00	-0.46
Net Income / (Loss) Attributable to Noncontrolling Interest	0.11	0.03	-0.09	-0.14	-0.13	-0.24	-0.24	-0.00	-1.03	0.21	1.60
Basic Earnings per Share	($0.10)	-	($0.05)	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02
Weighted Average Basic Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M
Diluted Earnings per Share	($0.10)	-	($0.05)	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02
Weighted Average Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M
Weighted Average Basic & Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M

This table details how cash moves in and out of Cronos Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	1.74	4.90	21	1,123	-122	-191	-122	-95	190
Net Cash From Operating Activities	-4.82	-4.28	-7.52	-131	-145	-154	-89	-43	19
Net Cash From Continuing Operating Activities	-3.99	-4.28	-7.52	-131	-140	-154	-89	-43	19
Net Income / (Loss) Continuing Operations	-0.89	-1.48	-22	1,166	-75	-397	-169	-75	40
Consolidated Net Income / (Loss)	-0.89	-1.48	-22	1,166	-75	-397	-169	-75	40
Depreciation Expense	0.28	0.77	1.94	4.27	7.05	15	13	8.11	9.34
Non-Cash Adjustments To Reconcile Net Income	-0.08	-2.80	8.70	-1,275	-64	233	51	50	-30
Changes in Operating Assets and Liabilities, net	-3.31	-0.76	3.66	-26	-7.65	-4.84	16	-26	-0.31
Net Cash From Investing Activities	-5.96	-30	-94	-603	20	-29	-1.84	-59	175
Net Cash From Continuing Investing Activities	-5.96	-30	-94	-603	20	-29	-1.84	-59	175
Purchase of Property, Plant & Equipment	-1.13	-33	-88	-39	-31	-11	-3.45	-2.51	-12
Acquisitions	-4.65	-0.83	-6.12	-285	-3.98	-112	-1.58	-0.92	-0.74
Purchase of Investments	0.00	-0.78	0.00	-300	-246	-125	-271	-608	0.00
Divestitures	-	-	-	-	-	-	0.00	0.00	5.99
Sale and/or Maturity of Investments	0.00	8.39	0.75	20	297	215	269	534	186
Other Investing Activities, net	-0.18	-3.75	-0.23	0.42	4.79	3.03	5.70	18	-3.51
Net Cash From Financing Activities	13	39	122	1,858	-3.05	-13	-2.90	-1.03	-1.23
Net Cash From Continuing Financing Activities	11	39	122	1,858	-3.05	-13	-2.90	-1.03	-1.23
Repayment of Debt	-3.08	-4.07	0.00	-64	0.12	0.02	-0.07	0.00	0.00
Other Financing Activities, net	0.39	40	2.60	68	-2.15	-13	-2.83	-1.03	-1.23
Effect of Exchange Rate Changes	-	-	-	-	6.10	-	-29	8.01	-3.25
Cash Interest Paid	-	0.00	-	0.76	-	0.00	0.00	0.00	0.00
Cash Interest Received	-	-	-	26	18	-	16	37	48
Cash Income Taxes Paid	-	-	-	0.00	0.00	0.89	0.18	33	0.65

This table details how cash moves in and out of Cronos Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-156	131	-351	-4.24	162	98	186	-6.93	14	-3.23	-61
Net Cash From Operating Activities	-13	-24	-48	-12	-0.18	17	-2.20	1.74	12	7.72	-2.10
Net Cash From Continuing Operating Activities	-13	-24	-48	-12	-0.18	17	-2.20	1.74	12	7.72	-2.10
Net Income / (Loss) Continuing Operations	-37	-79	-19	-8.50	-1.77	-45	-2.48	-8.76	7.32	44	7.72
Consolidated Net Income / (Loss)	-37	-79	-19	-8.50	-1.77	-45	-2.48	-8.76	7.32	44	7.72
Depreciation Expense	3.45	2.62	2.41	2.38	2.15	1.18	1.73	1.51	3.57	2.53	2.84
Non-Cash Adjustments To Reconcile Net Income	20	29	9.06	2.10	-4.26	43	5.25	12	-3.13	-45	1.88
Changes in Operating Assets and Liabilities, net	-0.05	23	-40	-7.76	3.70	17	-6.70	-3.41	3.82	5.98	-15
Net Cash From Investing Activities	-120	158	-304	4.85	158	82	190	-8.56	-0.82	-5.03	-55
Net Cash From Continuing Investing Activities	-120	158	-304	4.85	158	82	190	-8.56	-0.82	-5.03	-55
Purchase of Property, Plant & Equipment	-0.87	-0.36	-0.80	-0.49	0.01	-1.22	-1.72	-0.73	-6.42	-3.54	-15
Acquisitions	-0.76	-0.40	0.00	-0.01	-0.34	-0.57	-0.27	-0.19	-0.12	-0.17	-0.10
Purchase of Investments	-118	3.99	-423	-57	-57	-71	0.00	-	-	-	-40
Sale and/or Maturity of Investments	-1.05	152	113	57	211	152	189	-1.43	-0.28	-1.35	0.00
Other Investing Activities, net	0.77	3.29	6.25	5.14	3.97	2.68	2.68	-6.22	0.01	0.03	0.00
Net Cash From Financing Activities	-0.24	-0.62	-0.74	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31	-2.93
Net Cash From Continuing Financing Activities	-0.24	-0.62	-0.74	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31	-2.93
Other Financing Activities, net	-0.13	-0.62	-0.74	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31	-2.93
Effect of Exchange Rate Changes	-23	-2.12	1.27	2.73	4.87	-0.86	-0.88	0.15	3.09	-5.60	-0.60
Cash Interest Paid	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Cash Interest Received	4.24	7.81	7.56	5.83	8.82	14	15	14	11	9.43	13
Cash Income Taxes Paid	0.02	0.02	33	0.06	0.02	-	0.58	0.04	0.01	0.03	0.05

This table presents Cronos Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	32	80	183	2,090	1,926	1,398	1,213	1,140	1,166
Total Current Assets	6.02	18	40	1,573	1,372	1,080	960	933	936
Cash & Equivalents	2.58	7.32	24	1,200	1,078	887	765	669	859
Short-Term Investments	-	-	0.00	306	212	118	113	192	0.00
Note & Lease Receivable	-	-	0.23	4.66	7.08	5.46	11	16	9.31
Accounts Receivable	0.08	1.53	5.56	12	19	28	26	20	20
Inventories, net	2.76	6.69	7.39	38	44	33	38	30	33
Prepaid Expenses	0.37	-	2.84	9.40	11	8.97	7.11	5.41	6.28
Other Current Assets	-	-	-	3.25	1.18	-	-	0.00	8.11
Plant, Property, & Equipment, net	11	0.00	126	160	188	74	61	59	133
Total Noncurrent Assets	15	62	18	357	366	244	192	147	97
Long-Term Investments	5.72	4.10	3.26	0.56	19	135	90	55	2.81
Noncurrent Note & Lease Receivables	-	0.25	0.00	45	87	81	72	69	16
Goodwill	1.33	1.42	1.31	214	180	1.10	1.03	1.06	63
Intangible Assets	8.34	8.91	8.24	71	70	18	27	21	11
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.23	2.57
Other Noncurrent Operating Assets	-	48	4.81	26	10	8.98	2.47	1.36	1.39
Total Liabilities & Shareholders' Equity	32	80	183	2,090	1,926	1,398	1,213	1,140	1,166
Total Liabilities	6.86	12	35	341	218	63	72	44	55
Total Current Liabilities	5.78	6.26	33	333	207	54	68	41	50
Accounts Payable	2.80	6.24	33	35	19	12	11	12	17
Accrued Expenses	-	-	-	-	23	26	22	28	32
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.11	33	0.06	0.01
Other Current Liabilities	-	-	0.00	298	165	17	1.73	1.47	1.07
Total Noncurrent Liabilities	1.08	5.39	1.65	8.52	11	9.09	3.93	2.74	5.63
Noncurrent Deferred & Payable Income Tax Liabilities	1.08	1.13	-	-	0.00	0.08	-	0.18	3.56
Other Noncurrent Operating Liabilities	-	4.27	-	6.68	8.49	7.10	3.93	2.56	2.07
Total Equity & Noncontrolling Interests	25	69	149	1,749	1,708	1,334	1,141	1,096	1,111
Total Preferred & Common Equity	25	69	148	1,750	1,711	1,337	1,144	1,100	1,064
Total Common Equity	25	69	148	1,750	1,711	1,337	1,144	1,100	1,064
Common Stock	25	66	186	584	604	628	654	662	670
Retained Earnings	-4.62	-2.96	-28	1,138	1,065	659	491	417	458
Accumulated Other Comprehensive Income / (Loss)	1.18	0.70	-9.87	28	43	50	-0.80	21	-64
Noncontrolling Interest	-	0.00	0.10	-0.85	-3.20	-2.97	-2.92	-3.45	47

This table presents Cronos Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,332	1,237	1,160	1,168	1,150	1,109	1,091	1,184	1,154
Total Current Assets	1,026	963	916	925	918	942	935	959	919
Cash & Equivalents	790	633	414	409	572	855	848	862	798
Short-Term Investments	155	255	423	432	268	0.00	0.00	0.00	40
Note & Lease Receivable	7.61	8.74	5.57	14	17	9.53	10	7.42	5.69
Accounts Receivable	22	23	22	17	20	21	23	26	26
Inventories, net	40	34	44	45	36	31	29	47	35
Prepaid Expenses	12	8.90	7.97	6.78	5.66	6.28	5.25	7.33	6.31
Other Current Assets	-	-	-	-	-	19	19	8.97	8.09
Plant, Property, & Equipment, net	66	61	60	58	56	37	37	163	139
Total Noncurrent Assets	240	214	184	186	176	129	119	62	96
Long-Term Investments	130	114	81	86	80	40	24	2.90	2.76
Noncurrent Note & Lease Receivables	78	72	72	71	68	67	73	16	16
Goodwill	1.09	1.01	1.04	1.06	1.03	1.04	1.02	38	63
Intangible Assets	24	21	26	25	24	20	19	4.25	11
Noncurrent Deferred & Refundable Income Taxes	-	-	-	1.14	0.74	-	-	-	2.51
Other Noncurrent Operating Assets	6.20	5.27	3.52	1.57	1.42	1.27	1.12	1.18	1.32
Total Liabilities & Shareholders' Equity	1,332	1,237	1,160	1,168	1,150	1,109	1,091	1,184	1,154
Total Liabilities	47	46	33	32	33	36	35	53	39
Total Current Liabilities	39	38	29	28	31	33	33	40	33
Accounts Payable	12	10	13	9.34	4.75	9.40	7.84	6.53	9.50
Accrued Expenses	24	26	14	17	24	23	24	32	23
Current Deferred & Payable Income Tax Liabilities	-	-	0.27	0.44	0.64	0.07	0.06	0.09	0.01
Other Current Liabilities	2.84	1.97	1.32	1.58	1.33	1.44	1.31	1.17	0.99
Total Noncurrent Liabilities	8.06	8.26	4.04	3.75	2.76	2.34	2.20	13	6.01
Noncurrent Deferred & Payable Income Tax Liabilities	0.05	1.92	0.38	0.68	-	-	-	11	4.56
Other Noncurrent Operating Liabilities	6.65	4.99	2.30	3.07	2.76	2.34	2.20	2.12	1.45
Total Equity & Noncontrolling Interests	1,285	1,191	1,126	1,137	1,117	1,073	1,056	1,131	1,115
Total Preferred & Common Equity	1,288	1,194	1,129	1,140	1,120	1,076	1,059	1,082	1,066
Total Common Equity	1,288	1,194	1,129	1,140	1,120	1,076	1,059	1,082	1,066
Common Stock	640	644	656	658	660	664	666	668	669
Retained Earnings	607	570	472	463	462	414	406	414	464
Accumulated Other Comprehensive Income / (Loss)	42	-19	1.54	18	-2.11	-1.79	-12	-0.36	-66
Noncontrolling Interest	-3.11	-2.91	-2.93	-3.02	-3.06	-3.58	-3.52	50	48

This table displays calculated financial ratios and metrics derived from Cronos Group's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	663.34%	320.53%	93.74%	111.99%	18.78%	34.37%	0.57%	34.82%
EBITDA Growth	0.00%	-244.41%	-1,051.52%	6,195.49%	-107.53%	-36.43%	-15.23%	11.33%	65.42%
EBIT Growth	0.00%	-216.30%	-760.72%	5,597.02%	-108.18%	-42.73%	-11.71%	13.74%	60.26%
NOPAT Growth	0.00%	-105.48%	-234.01%	-971.28%	-0.17%	-33.08%	61.84%	23.90%	-41.03%
Net Income Growth	0.00%	-67.47%	-1,371.14%	5,442.50%	-106.46%	-427.71%	57.52%	55.82%	153.68%
EPS Growth	0.00%	0.00%	-1,100.00%	2,875.00%	0.00%	0.00%	57.94%	57.78%	157.89%
Operating Cash Flow Growth	0.00%	11.23%	-75.71%	-1,645.28%	-10.43%	-6.04%	42.10%	51.84%	143.99%
Free Cash Flow Firm Growth	0.00%	0.00%	-90.63%	-242.69%	-13.14%	100.19%	-9,641.04%	-19.24%	-133.14%
Invested Capital Growth	0.00%	193.49%	114.95%	98.52%	64.29%	-51.07%	-11.65%	3.67%	38.65%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	44.60%	-11.95%	-19.60%	5.07%	-4.81%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-1,344.50%	79.40%	-787.55%	-12.89%	70.09%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-648.37%	77.11%	-6,139.17%	-10.55%	65.29%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	40.17%	36.03%	55.66%	1.29%	-37.78%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-176.80%	-5.91%	24.59%	31.21%	181.77%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	184.62%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	9.99%	1.53%	11.51%	49.02%	-32.55%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	100.36%	28.35%	1.76%	-17.56%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-10.33%	-32.06%	-8.71%	-8.61%	-6.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	359.75%	50.02%	46.95%	-68.63%	-47.53%	-27.25%	17.79%	13.65%	21.42%
EBITDA Margin	-113.18%	-51.06%	-139.83%	4,399.43%	-156.24%	-179.46%	-153.90%	-135.69%	-34.80%
Operating Margin	-722.56%	-194.50%	-154.49%	-597.98%	-403.63%	-452.24%	-128.45%	-97.20%	-65.07%
EBIT Margin	-182.13%	-75.47%	-154.47%	4,382.78%	-169.20%	-203.32%	-169.03%	-144.99%	-42.74%
Profit (Net Income) Margin	-214.80%	-47.12%	-164.86%	4,546.10%	-138.48%	-615.24%	-194.51%	-85.46%	34.03%
Tax Burden Percent	110.39%	63.24%	104.27%	99.97%	102.73%	309.08%	139.45%	101.20%	109.39%
Interest Burden Percent	106.84%	98.74%	102.35%	103.76%	79.67%	97.90%	82.52%	58.24%	-72.78%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.39%
Return on Invested Capital (ROIC)	-10.69%	-11.17%	-15.88%	-83.48%	-47.57%	-68.39%	-42.18%	-33.60%	-39.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-32.28%	-44.23%	24.82%	-255.85%	-53.14%	-52.61%	-33.56%	-31.99%	-52.93%
Return on Net Nonoperating Assets (RNNOA)	7.16%	8.00%	-4.22%	206.33%	43.22%	42.28%	28.54%	26.93%	42.64%
Return on Equity (ROE)	-3.53%	-3.17%	-20.09%	122.85%	-4.35%	-26.11%	-13.63%	-6.67%	3.63%
Cash Return on Invested Capital (CROIC)	0.00%	-109.51%	-88.87%	-149.48%	-96.23%	0.19%	-29.80%	-37.20%	-71.40%
Operating Return on Assets (OROA)	-2.35%	-4.23%	-15.50%	98.83%	-4.58%	-7.90%	-11.23%	-10.75%	-4.36%
Return on Assets (ROA)	-2.77%	-2.64%	-16.54%	102.52%	-3.75%	-23.90%	-12.93%	-6.34%	3.47%
Return on Common Equity (ROCE)	-3.53%	-3.17%	-20.08%	122.90%	-4.36%	-26.16%	-13.67%	-6.68%	3.56%
Return on Equity Simple (ROE_SIMPLE)	-3.53%	-2.16%	-14.70%	66.61%	-4.40%	-29.70%	-14.75%	-6.78%	3.76%
Net Operating Profit after Tax (NOPAT)	-2.09	-4.28	-14	-153	-154	-204	-78	-59	-84
NOPAT Margin	-505.79%	-136.15%	-108.14%	-597.98%	-282.54%	-316.57%	-89.91%	-68.04%	-71.18%
Net Nonoperating Expense Percent (NNEP)	21.59%	33.07%	-40.69%	172.38%	5.57%	-15.77%	-8.62%	-1.61%	13.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-6.84%	-5.42%	-7.54%
Cost of Revenue to Revenue	133.57%	49.98%	53.05%	168.63%	147.53%	127.25%	82.21%	86.35%	78.58%
SG&A Expenses to Revenue	620.04%	155.83%	100.87%	317.79%	148.23%	140.83%	78.01%	56.71%	39.55%
R&D to Revenue	0.00%	0.00%	13.71%	47.41%	37.47%	33.83%	15.14%	6.70%	3.60%
Operating Expenses to Revenue	688.99%	244.52%	201.44%	529.35%	356.11%	424.99%	146.24%	110.85%	86.49%
Earnings before Interest and Taxes (EBIT)	-0.75	-2.38	-20	1,124	-92	-131	-147	-126	-50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.47	-1.61	-19	1,128	-85	-116	-134	-118	-41
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	10.45	0.78	1.44	1.09	0.84	0.72	0.73
Price to Tangible Book Value (P/TBV)	0.00	0.00	11.17	0.94	1.69	1.11	0.86	0.74	0.78
Price to Revenue (P/Rev)	0.00	0.00	117.26	53.46	45.48	22.58	11.08	9.13	6.57
Price to Earnings (P/E)	0.00	0.00	0.00	1.18	0.00	0.00	0.00	0.00	18.80
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	85.10%	0.00%	0.00%	0.00%	0.00%	5.32%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	12.39	0.00	2.89	1.60	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	115.23	0.00	21.34	4.87	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	544.74	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.22	-0.18	-0.17	-0.81	-0.81	-0.80	-0.85	-0.84	-0.81
Leverage Ratio	1.27	1.20	1.21	1.20	1.16	1.09	1.05	1.05	1.05
Compound Leverage Factor	1.36	1.18	1.24	1.24	0.93	1.07	0.87	0.61	-0.76
Debt to Total Capital	10.62%	0.00%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	10.62%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.07%	-0.05%	-0.19%	-0.22%	-0.26%	-0.31%	4.22%
Common Equity to Total Capital	89.38%	100.00%	99.85%	100.05%	100.19%	100.22%	100.26%	100.31%	95.78%
Debt to EBITDA	-6.38	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	11.41	0.00	1.46	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-1.43	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	2.55	0.00	1.89	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	26.20	5.67	8.19	15.06	9.13	11.99	9.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.05%	-0.04%	-0.12%	-0.20%	-0.24%	-0.28%	1.97%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	2.88	1.20	4.73	6.63	19.86	14.10	22.54	18.84
Quick Ratio	0.46	1.41	0.89	4.57	6.36	19.09	13.44	21.68	17.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-42	-80	-275	-311	0.58	-55	-66	-153
Operating Cash Flow to CapEx	-425.21%	-12.99%	-8.51%	-339.32%	-461.20%	-1,378.46%	-2,577.46%	-1,709.98%	151.83%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-27.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-34.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.06	0.10	0.02	0.03	0.04	0.07	0.07	0.10
Accounts Receivable Turnover	5.18	3.90	3.73	2.94	3.53	2.76	3.20	3.73	5.77
Inventory Turnover	0.20	0.33	1.00	1.90	1.95	2.14	2.03	2.21	2.90
Fixed Asset Turnover	0.04	0.00	0.00	0.18	0.31	0.49	1.29	1.45	1.22
Accounts Payable Turnover	0.20	0.35	0.36	1.26	2.93	5.32	6.28	6.47	6.35
Days Sales Outstanding (DSO)	70.50	93.56	97.81	124.06	103.52	132.27	114.11	97.77	63.29
Days Inventory Outstanding (DIO)	1,826.48	1,095.66	365.83	191.76	186.73	170.62	180.06	164.87	125.68
Days Payable Outstanding (DPO)	1,857.55	1,048.73	1,026.11	289.31	124.37	68.62	58.12	56.43	57.47
Cash Conversion Cycle (CCC)	39.42	140.49	-562.47	26.51	165.88	234.26	236.06	206.21	131.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	20	57	123	244	401	196	173	180	249
Invested Capital Turnover	0.02	0.08	0.15	0.14	0.17	0.22	0.47	0.49	0.55
Increase / (Decrease) in Invested Capital	0.00	38	66	121	157	-205	-23	6.36	70
Enterprise Value (EV)	0.00	0.00	1,525	-137	1,160	315	-9.08	-123	-42
Market Capitalization	0.00	0.00	1,552	1,371	2,472	1,457	961	797	772
Book Value per Share	$0.00	$0.51	$0.99	$9.79	$4.80	$3.60	$3.02	$2.89	$2.78
Tangible Book Value per Share	$0.00	$0.43	$0.93	$8.19	$4.10	$3.55	$2.95	$2.83	$2.59
Total Capital	28	69	149	1,749	1,708	1,334	1,141	1,096	1,111
Total Debt	2.98	0.00	0.12	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.09	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-5.33	-11	-27	-1,507	-1,309	-1,140	-967	-916	-862
Capital Expenditures (CapEx)	1.13	33	88	39	31	11	3.45	2.51	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.64	4.44	-17	-266	-124	21	14	30	28
Debt-free Net Working Capital (DFNWC)	3.21	12	6.71	1,240	1,165	1,025	892	892	886
Net Working Capital (NWC)	0.24	12	6.68	1,240	1,165	1,025	892	892	886
Net Nonoperating Expense (NNE)	-1.20	-2.80	7.51	-1,319	-78	193	91	15	-124
Net Nonoperating Obligations (NNO)	-5.56	-11	-26	-1,505	-1,307	-1,138	-967	-916	-862
Total Depreciation and Amortization (D&A)	0.28	0.77	1.94	4.27	7.05	15	13	8.11	9.34
Debt-free, Cash-free Net Working Capital to Revenue	154.51%	140.96%	-130.13%	-1,036.19%	-228.97%	32.04%	16.51%	34.82%	23.47%
Debt-free Net Working Capital to Revenue	779.78%	373.48%	50.67%	4,837.83%	2,144.02%	1,588.18%	1,028.30%	1,022.35%	753.66%
Net Working Capital to Revenue	57.76%	373.48%	50.44%	4,837.83%	2,144.02%	1,588.18%	1,028.30%	1,022.35%	753.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.01)	$0.00	$3.76	($0.21)	($1.07)	$0.00	($0.19)	$0.11
Adjusted Weighted Average Basic Shares Outstanding	0.00	134.80M	0.00	310.07M	351.58M	374.95M	380.58M	381.30M	382.53M
Adjusted Diluted Earnings per Share	$0.00	($0.01)	$0.00	$3.33	($0.21)	($1.07)	$0.00	($0.19)	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	0.00	176.79M	0.00	342.81M	351.58M	374.95M	380.58M	381.30M	382.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	134.80M	0.00	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M
Normalized Net Operating Profit after Tax (NOPAT)	-2.09	-4.28	-14	-104	-126	-116	-73	-56	-42
Normalized NOPAT Margin	-505.79%	-136.15%	-108.14%	-404.04%	-231.03%	-179.47%	-84.24%	-64.12%	-35.44%
Pre Tax Income Margin	-194.58%	-74.52%	-158.10%	4,547.51%	-134.81%	-199.05%	-139.49%	-84.44%	31.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-12.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-10.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-18.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-1.35%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-13.61%	-142.55%	-34.73%	0.32%	-1.35%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Cronos Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.01%	23.77%	-22.12%	-11.95%	21.56%	21.37%	29.72%	45.95%	87.80%	-24.85%	27.58%
EBITDA Growth	-141.79%	-112.19%	11.96%	28.24%	55.01%	-29.51%	38.71%	-46.80%	-142.90%	161.73%	102.61%
EBIT Growth	-148.38%	-113.11%	12.19%	30.67%	53.40%	-24.92%	37.86%	-36.14%	-133.35%	156.36%	87.21%
NOPAT Growth	66.15%	-114.99%	42.39%	18.50%	20.34%	4.87%	23.21%	24.53%	-250.33%	28.23%	61.24%
Net Income Growth	-147.49%	41.10%	41.03%	58.22%	95.20%	42.90%	87.10%	-3.08%	513.32%	197.59%	410.91%
EPS Growth	0.00%	0.00%	0.00%	60.00%	100.00%	0.00%	80.00%	0.00%	0.00%	200.00%	300.00%
Operating Cash Flow Growth	57.48%	32.18%	-40.64%	31.86%	98.63%	168.99%	95.38%	114.81%	6,429.51%	-54.09%	4.90%
Free Cash Flow Firm Growth	-21.71%	-97.76%	-116.01%	77.90%	-127.55%	-408.97%	283.65%	218.33%	-458.80%	-273.72%	-567.23%
Invested Capital Growth	-34.25%	-11.65%	-1.29%	-0.41%	3.56%	3.67%	-15.61%	-12.83%	35.35%	38.65%	54.57%
Revenue Q/Q Growth	-5.52%	-3.45%	-1.07%	-2.43%	30.43%	-3.61%	8.69%	9.78%	67.83%	-61.43%	79.52%
EBITDA Q/Q Growth	-48.93%	-36.16%	39.41%	41.60%	6.64%	-291.99%	70.72%	-39.90%	-54.47%	199.62%	-98.79%
EBIT Q/Q Growth	-38.31%	-30.57%	37.72%	38.36%	7.04%	-250.06%	68.38%	-35.05%	-59.33%	184.54%	-107.03%
NOPAT Q/Q Growth	-8.03%	16.80%	8.68%	0.72%	-5.60%	0.64%	21.86%	2.43%	-390.23%	79.65%	60.19%
Net Income Q/Q Growth	-81.36%	-113.79%	75.58%	55.88%	79.15%	-2,441.03%	94.48%	-252.62%	183.62%	499.96%	-82.42%
EPS Q/Q Growth	-100.00%	0.00%	0.00%	60.00%	100.00%	0.00%	0.00%	-100.00%	200.00%	500.00%	-83.33%
Operating Cash Flow Q/Q Growth	22.54%	-82.08%	-95.69%	75.31%	98.45%	9,288.52%	-113.11%	179.13%	564.16%	-33.35%	-127.15%
Free Cash Flow Firm Q/Q Growth	230.02%	-91.28%	-269.32%	-15.17%	-62.12%	2.27%	204.83%	-25.79%	-865.60%	34.64%	-25.82%
Invested Capital Q/Q Growth	-9.94%	-8.71%	21.15%	-0.01%	-6.36%	-8.61%	-1.37%	3.28%	45.40%	-6.39%	9.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.41%	5.30%	15.01%	16.29%	16.00%	8.00%	17.73%	22.68%	7.75%	60.14%	42.57%
EBITDA Margin	-164.77%	-232.37%	-142.32%	-85.19%	-60.98%	-247.96%	-67.24%	-85.69%	-78.86%	203.70%	1.37%
Operating Margin	-133.93%	-115.42%	-106.54%	-108.41%	-87.77%	-90.47%	-63.07%	-56.05%	-72.23%	-63.24%	-12.62%
EBIT Margin	-181.67%	-245.68%	-154.66%	-97.70%	-69.63%	-252.88%	-74.09%	-91.14%	-86.52%	189.65%	-7.43%
Profit (Net Income) Margin	-180.73%	-400.19%	-98.78%	-44.67%	-7.14%	-188.28%	-9.82%	-31.55%	15.72%	244.51%	23.94%
Tax Burden Percent	119.04%	197.69%	98.90%	145.42%	62.31%	98.94%	81.66%	80.12%	158.67%	95.64%	106.26%
Interest Burden Percent	83.58%	82.40%	64.58%	31.44%	16.46%	75.25%	16.24%	43.21%	-11.45%	134.81%	-303.21%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-58.67%	4.36%	-6.26%
Return on Invested Capital (ROIC)	-42.23%	-37.90%	-28.63%	-28.33%	-26.37%	-31.27%	-21.19%	-20.30%	-61.14%	-33.15%	-7.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-40.59%	-31.92%	-28.16%	-28.93%	-27.78%	-28.10%	-22.15%	-20.54%	-67.95%	-39.31%	-8.79%
Return on Net Nonoperating Assets (RNNOA)	33.24%	27.15%	23.29%	23.90%	23.12%	23.66%	18.25%	16.85%	53.95%	31.67%	6.97%
Return on Equity (ROE)	-8.98%	-10.75%	-5.33%	-4.44%	-3.25%	-7.61%	-2.95%	-3.45%	-7.20%	-1.48%	-0.43%
Cash Return on Invested Capital (CROIC)	-32.11%	-29.80%	-30.51%	-29.99%	-34.59%	-37.20%	-11.96%	-12.96%	-56.28%	-71.40%	-73.54%
Operating Return on Assets (OROA)	-14.14%	-16.33%	-9.93%	-6.14%	-4.84%	-18.75%	-6.08%	-8.21%	-9.16%	19.34%	-0.82%
Return on Assets (ROA)	-14.07%	-26.59%	-6.34%	-2.81%	-0.50%	-13.96%	-0.81%	-2.84%	1.66%	24.94%	2.64%
Return on Common Equity (ROCE)	-9.00%	-10.77%	-5.35%	-4.45%	-3.26%	-7.63%	-2.95%	-3.46%	-7.05%	-1.45%	-0.42%
Return on Equity Simple (ROE_SIMPLE)	-18.74%	0.00%	-13.75%	-12.59%	-9.68%	0.00%	-5.37%	-5.48%	-4.53%	0.00%	4.71%
Net Operating Profit after Tax (NOPAT)	-19	-16	-15	-14	-15	-15	-11	-11	-53	-11	-4.33
NOPAT Margin	-93.75%	-80.79%	-74.57%	-75.88%	-61.44%	-63.33%	-44.15%	-39.24%	-114.60%	-60.48%	-13.41%
Net Nonoperating Expense Percent (NNEP)	-1.64%	-5.98%	-0.47%	0.59%	1.40%	-3.17%	0.96%	0.24%	6.80%	6.17%	1.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.40%	-	-	-	-1.38%	-	-	-	-0.98%	-0.39%
Cost of Revenue to Revenue	84.60%	94.70%	84.99%	83.71%	84.00%	92.00%	82.27%	77.32%	92.25%	39.86%	57.43%
SG&A Expenses to Revenue	80.13%	64.28%	60.82%	70.72%	57.90%	40.99%	35.22%	45.99%	27.39%	67.22%	28.85%
R&D to Revenue	12.45%	11.96%	10.46%	5.82%	5.02%	6.07%	3.94%	3.47%	2.67%	5.72%	2.46%
Operating Expenses to Revenue	149.34%	120.72%	121.55%	124.70%	103.77%	98.47%	80.79%	78.73%	79.98%	123.38%	55.19%
Earnings before Interest and Taxes (EBIT)	-37	-48	-30	-19	-17	-60	-19	-25	-40	34	-2.40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-34	-46	-28	-16	-15	-59	-17	-24	-37	37	0.44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.84	0.65	0.66	0.68	0.72	0.92	0.84	0.77	0.73	0.65
Price to Tangible Book Value (P/TBV)	0.91	0.86	0.67	0.67	0.70	0.74	0.94	0.86	0.81	0.78	0.70
Price to Revenue (P/Rev)	9.88	11.08	9.09	9.54	9.18	9.13	10.70	8.75	6.78	6.57	5.56
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.80	14.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.32%	7.14%
Enterprise Value to Invested Capital (EV/IC)	0.32	0.00	0.00	0.00	0.00	0.00	0.54	0.08	0.08	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.56	0.00	0.00	0.00	0.00	0.00	1.03	0.14	0.18	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	3.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	24.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	36.25	0.86	0.79	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.82	-0.85	-0.83	-0.83	-0.83	-0.84	-0.82	-0.82	-0.79	-0.81	-0.79
Leverage Ratio	1.05	1.05	1.03	1.03	1.03	1.05	1.03	1.03	1.04	1.05	1.03
Compound Leverage Factor	0.88	0.87	0.67	0.32	0.17	0.79	0.17	0.45	-0.12	1.41	-3.14
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.24%	-0.26%	-0.26%	-0.27%	-0.27%	-0.31%	-0.33%	-0.33%	4.40%	4.22%	4.34%
Common Equity to Total Capital	100.24%	100.26%	100.26%	100.27%	100.27%	100.31%	100.33%	100.33%	95.60%	95.78%	95.66%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	15.36	9.39	14.82	15.70	15.22	12.18	18.23	16.68	10.92	10.03	12.22
Noncontrolling Interest Sharing Ratio	-0.22%	-0.24%	-0.25%	-0.25%	-0.26%	-0.28%	-0.30%	-0.30%	2.08%	1.97%	2.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	25.37	14.10	31.45	33.12	30.03	22.54	28.19	28.29	24.24	18.84	27.80
Quick Ratio	24.24	13.44	29.66	31.25	28.67	21.68	26.51	26.67	22.64	17.88	26.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	80	6.96	-12	-14	-22	-22	22	16	-123	-80	-101
Operating Cash Flow to CapEx	-1,540.28%	-6,695.60%	-5,931.97%	-2,383.40%	0.00%	1,380.54%	-127.84%	239.23%	180.56%	217.89%	-13.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.07	0.06	0.06	0.07	0.07	0.08	0.09	0.11	0.10	0.11
Accounts Receivable Turnover	5.50	3.20	3.18	4.04	3.84	3.73	4.31	4.99	5.30	5.77	5.27
Inventory Turnover	2.78	2.03	1.72	1.61	2.06	2.21	2.12	2.29	2.58	2.90	2.76
Fixed Asset Turnover	0.87	1.29	1.23	1.27	1.43	1.45	1.92	2.15	1.13	1.22	1.41
Accounts Payable Turnover	4.31	6.28	5.79	6.28	9.52	6.47	7.04	9.91	19.02	6.35	9.54
Days Sales Outstanding (DSO)	66.35	114.11	114.64	90.35	95.11	97.77	84.66	73.13	68.84	63.29	69.32
Days Inventory Outstanding (DIO)	131.29	180.06	212.70	226.82	177.30	164.87	171.81	159.47	141.39	125.68	132.09
Days Payable Outstanding (DPO)	84.68	58.12	63.09	58.12	38.32	56.43	51.88	36.84	19.20	57.47	38.27
Cash Conversion Cycle (CCC)	112.96	236.06	264.26	259.06	234.09	206.21	204.59	195.77	191.04	131.50	163.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	190	173	210	210	197	180	177	183	266	249	274
Invested Capital Turnover	0.45	0.47	0.38	0.37	0.43	0.49	0.48	0.52	0.53	0.55	0.55
Increase / (Decrease) in Invested Capital	-99	-23	-2.75	-0.86	6.76	6.36	-33	-27	70	70	97
Enterprise Value (EV)	60	-9.08	-182	-179	-161	-123	96	14	22	-42	-100
Market Capitalization	1,066	961	738	750	762	797	995	890	837	772	692
Book Value per Share	$3.16	$3.02	$2.97	$2.99	$2.94	$2.89	$2.82	$2.77	$2.83	$2.78	$2.79
Tangible Book Value per Share	$3.10	$2.95	$2.90	$2.92	$2.87	$2.83	$2.77	$2.72	$2.72	$2.59	$2.59
Total Capital	1,191	1,141	1,126	1,137	1,117	1,096	1,073	1,056	1,131	1,111	1,115
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,003	-967	-918	-927	-920	-916	-895	-873	-865	-862	-841
Capital Expenditures (CapEx)	0.87	0.36	0.80	0.49	-0.01	1.22	1.72	0.73	6.42	3.54	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	37	14	51	56	48	30	54	54	58	28	48
Debt-free Net Working Capital (DFNWC)	925	892	887	897	888	892	909	902	920	886	886
Net Working Capital (NWC)	925	892	887	897	888	892	909	902	920	886	886
Net Nonoperating Expense (NNE)	18	63	4.72	-5.94	-13	30	-8.68	-2.13	-61	-55	-12
Net Nonoperating Obligations (NNO)	-1,001	-967	-916	-927	-920	-916	-895	-873	-865	-862	-841
Total Depreciation and Amortization (D&A)	3.45	2.62	2.41	2.38	2.15	1.18	1.73	1.51	3.57	2.53	2.84
Debt-free, Cash-free Net Working Capital to Revenue	33.92%	16.51%	62.28%	71.11%	58.09%	34.82%	57.70%	53.09%	46.60%	23.47%	38.30%
Debt-free Net Working Capital to Revenue	857.67%	1,028.30%	1,092.23%	1,140.59%	1,069.24%	1,022.35%	976.84%	886.49%	744.27%	753.66%	710.76%
Net Working Capital to Revenue	857.67%	1,028.30%	1,092.23%	1,140.59%	1,069.24%	1,022.35%	976.84%	886.49%	744.27%	753.66%	710.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02
Adjusted Weighted Average Basic Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M
Normalized Net Operating Profit after Tax (NOPAT)	-19	-17	-15	-14	-14	-13	-9.72	-11	-13	-11	-2.46
Normalized NOPAT Margin	-92.42%	-84.00%	-74.57%	-75.88%	-57.42%	-53.18%	-38.45%	-37.86%	-28.96%	-60.48%	-7.63%
Pre Tax Income Margin	-151.83%	-202.44%	-99.88%	-30.72%	-11.46%	-190.30%	-12.03%	-39.38%	9.91%	255.66%	22.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

Cronos Group reported a strong turnaround in Q1 2025, driven by solid revenue growth, margin expansion and balance sheet strength. Below are the key highlights and potential impacts for investors to consider:

Revenue grew 27.6% year-over-year to $32.26 million in Q1 2025, up from $25.29 million a year ago.
Net income was $7.72 million (EPS $0.02), compared to a loss in Q1 2024.
Gross margin expanded to 42.6%, up from 17.7% in Q1 2024.
Operating loss narrowed to $4.07 million from $15.95 million a year earlier.
Cash & equivalents stood at $797.8 million, supporting a current ratio of 27.8x and quick ratio of 26.3x.
Net debt remained deeply negative at –$840.6 million, with no interest-bearing debt and a negative enterprise value.
Capital expenditures jumped to $15.3 million, reflecting investments in growth and capacity.
Operating cash flow was –$2.1 million, a marked improvement from –$22.0 million in Q1 2024.
Free cash flow to firm was –$101.1 million, pressured by elevated investing outflows.
Return on invested capital (ROIC) remained negative at –7.4%, indicating ongoing profitability challenges.

07/19/25 08:03 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Cronos Group's Financials

When does Cronos Group's fiscal year end?

According to the most recent income statement we have on file, Cronos Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Cronos Group's net income changed over the last 8 years?

Cronos Group's net income appears to be on a downward trend, with a most recent value of $40.02 million in 2024, falling from -$885.56 thousand in 2016. The previous period was -$74.55 million in 2023.

What is Cronos Group's operating income?

Cronos Group's total operating income in 2024 was -$76.53 million, based on the following breakdown:

Total Gross Profit: $25.20 million
Total Operating Expenses: $101.73 million

How has Cronos Group's revenue changed over the last 8 years?

Over the last 8 years, Cronos Group's total revenue changed from $412.27 thousand in 2016 to $117.62 million in 2024, a change of 28,428.8%.

How much debt does Cronos Group have?

Cronos Group's total liabilities were at $55.33 million at the end of 2024, a 25.3% increase from 2023, and a 706.2% increase since 2016.

How much cash does Cronos Group have?

In the past 8 years, Cronos Group's cash and equivalents has ranged from $2.58 million in 2016 to $1.20 billion in 2019, and is currently $858.81 million as of their latest financial filing in 2024.

How has Cronos Group's book value per share changed over the last 8 years?

Over the last 8 years, Cronos Group's book value per share changed from 0.00 in 2016 to 2.78 in 2024, a change of 278.3%.

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This page (NASDAQ:CRON) was last updated on 7/19/2025 by MarketBeat.com Staff

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Cronos Group (CRON) Financials

Key Financial Trends

Frequently Asked Questions About Cronos Group's Financials

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Cronos Group (CRON) Financials

Annual Income Statements for Cronos Group

Quarterly Income Statements for Cronos Group

Annual Cash Flow Statements for Cronos Group

Quarterly Cash Flow Statements for Cronos Group

Annual Balance Sheets for Cronos Group

Quarterly Balance Sheets for Cronos Group

Annual Metrics And Ratios for Cronos Group

Quarterly Metrics And Ratios for Cronos Group

Key Financial Trends

Frequently Asked Questions About Cronos Group's Financials

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