Cronos Group (CRON) Financials

$2.54 -0.03 (-1.17%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$2.60 +0.06 (+2.17%)

As of 05/8/2026 07:58 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.80	-1.48	-22	1,167	-73	-396	-169	-74	41	-9.45
Consolidated Net Income / (Loss)	-0.89	-1.48	-22	1,166	-75	-397	-169	-75	40	-2.93
Net Income / (Loss) Continuing Operations	-0.80	-1.48	-21	1,166	-75	-128	-155	-70	40	-2.93
Total Pre-Tax Income	-0.80	-2.35	-21	1,166	-73	-129	-121	-74	37	-17
Total Operating Income	-2.98	-6.12	-20	-153	-219	-292	-111	-85	-77	-17
Total Gross Profit	1.48	1.57	6.21	-18	-26	-18	15	12	25	63
Total Revenue	0.41	3.15	13	26	54	65	87	87	118	147
Operating Revenue	0.41	3.15	13	26	54	80	109	120	162	193
Other Revenue	-	-	-	-	-	-15	-23	-33	-44	-47
Total Cost of Revenue	0.55	1.57	7.02	43	80	82	71	75	92	84
Operating Cost of Revenue	0.55	1.57	7.02	43	80	82	71	75	92	84
Total Operating Expenses	2.84	7.70	27	136	194	274	127	97	102	80
Selling, General & Admin Expense	2.56	4.90	13	81	81	91	68	49	47	42
Marketing Expense	-	0.44	2.54	23	34	21	18	23	22	22
Research & Development Expense	-	0.00	1.81	12	20	22	13	5.84	4.23	4.45
Depreciation Expense	0.28	0.42	0.81	2.09	2.87	4.41	5.97	5.04	3.70	2.12
Other Operating Expenses / (Income)	-	1.93	8.15	12	15	9.84	15	8.76	8.70	7.05
Impairment Charge	-	-	-	0.00	40	126	3.49	3.37	16	0.74
Restructuring Charge	-	0.00	0.00	5.33	0.00	0.00	3.55	1.52	0.63	2.04
Total Other Income / (Expense), net	2.18	3.78	-0.48	1,319	146	163	-9.58	11	113	0.28
Interest & Investment Income	0.12	0.03	-0.48	42	19	2.76	26	53	54	40
Other Income / (Expense), net	2.23	3.75	0.00	1,277	127	161	-35	-42	59	-40
Income Tax Expense	-	-0.86	0.00	0.00	1.35	-0.43	34	-3.23	-3.44	-14
Net Income / (Loss) Discontinued Operations	-	-	-0.89	-0.36	-0.65	-269	-14	-4.11	0.00	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	6.52
Basic Earnings per Share	-	($0.01)	($0.12)	$3.76	-	($1.07)	($0.45)	($0.19)	$0.11	($0.02)
Weighted Average Basic Shares Outstanding	-	134.80M	172.27M	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M	379.05M
Diluted Earnings per Share	-	($0.01)	($0.12)	$3.33	-	($1.07)	($0.45)	($0.19)	$0.11	($0.02)
Weighted Average Diluted Shares Outstanding	-	176.79M	172.27M	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M	379.05M
Weighted Average Basic & Diluted Shares Outstanding	-	134.80M	178.72M	348.82M	360.26M	374.95M	380.58M	381.30M	382.53M	379.05M

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-8.36	-1.64	-45	-2.24	-8.76	8.35	44	6.12	-40	26	-1.82
Consolidated Net Income / (Loss)	-8.50	-1.77	-45	-2.48	-8.76	7.32	44	7.72	-38	28	-0.49
Net Income / (Loss) Continuing Operations	-5.66	-1.59	-45	-2.48	-8.76	7.32	44	7.72	-38	28	-0.49
Total Pre-Tax Income	-5.84	-2.84	-46	-3.04	-11	4.62	46	7.27	-39	27	-12
Total Operating Income	-21	-22	-22	-16	-16	-34	-11	-4.07	-5.32	-0.50	-7.50
Total Gross Profit	3.10	3.97	1.91	4.48	6.30	3.61	11	14	15	18	16
Total Revenue	19	25	24	25	28	34	18	32	33	49	32
Operating Revenue	26	34	34	35	39	47	41	42	44	49	58
Total Cost of Revenue	16	21	22	21	21	31	7.16	19	19	30	16
Operating Cost of Revenue	16	21	22	21	21	31	7.16	19	19	30	16
Total Operating Expenses	24	26	24	20	22	37	22	18	20	19	24
Selling, General & Admin Expense	13	14	9.80	8.91	13	13	12	9.31	11	9.25	13
Marketing Expense	5.30	5.30	6.37	5.33	4.33	5.53	6.41	4.57	5.35	5.30	6.55
Research & Development Expense	1.11	1.25	1.45	1.00	0.96	1.24	1.03	0.79	0.93	1.35	1.38
Depreciation Expense	1.53	1.46	0.53	1.12	1.02	1.10	0.46	0.50	0.87	0.35	0.40
Other Operating Expenses / (Income)	2.33	1.96	1.93	2.02	2.24	2.26	2.19	2.09	1.38	2.33	1.25
Impairment Charge	0.00	0.00	3.37	1.97	0.00	14	-	0.00	0.00	0.04	0.70
Restructuring Charge	0.00	1.42	0.10	0.08	0.55	0.00	-	0.56	0.77	0.21	0.50
Total Other Income / (Expense), net	15	19	-24	13	4.63	38	57	11	-34	28	-4.89
Interest & Investment Income	13	14	15	16	14	45	12	9.67	9.00	12	9.56
Other Income / (Expense), net	2.04	4.50	-39	-2.79	-9.74	-6.66	45	1.68	-43	16	-14
Income Tax Expense	-0.18	-1.25	-0.36	-0.56	-2.17	-2.71	2.00	-0.46	-0.53	-1.32	-12
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.14	-0.13	-0.24	-0.24	-0.00	-1.03	0.21	1.60	1.23	2.36	1.33
Basic Earnings per Share	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02	($0.10)	$0.07	($0.01)
Weighted Average Basic Shares Outstanding	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M	382.94M	382.89M	379.05M
Diluted Earnings per Share	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02	($0.10)	$0.07	($0.01)
Weighted Average Diluted Shares Outstanding	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M	382.94M	382.89M	379.05M
Weighted Average Basic & Diluted Shares Outstanding	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M	382.94M	382.89M	379.05M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	1.74	4.90	21	1,123	-122	-191	-122	-95	190	-67
Net Cash From Operating Activities	-4.82	-4.28	-7.52	-131	-145	-154	-89	-43	19	26
Net Cash From Continuing Operating Activities	-3.99	-4.28	-7.52	-131	-140	-154	-89	-43	19	26
Net Income / (Loss) Continuing Operations	-0.89	-1.48	-22	1,166	-75	-397	-169	-75	40	-2.93
Consolidated Net Income / (Loss)	-0.89	-1.48	-22	1,166	-75	-397	-169	-75	40	-2.93
Depreciation Expense	0.28	0.77	1.94	4.27	7.05	15	13	8.11	9.34	14
Non-Cash Adjustments To Reconcile Net Income	-0.08	-2.80	8.70	-1,275	-64	233	51	50	-30	49
Changes in Operating Assets and Liabilities, net	-3.31	-0.76	3.66	-26	-7.65	-4.84	16	-26	-0.31	-34
Net Cash From Investing Activities	-5.96	-30	-94	-603	20	-29	-1.84	-59	175	-77
Net Cash From Continuing Investing Activities	-5.96	-30	-94	-603	20	-29	-1.84	-59	175	-77
Purchase of Property, Plant & Equipment	-1.13	-33	-88	-39	-31	-11	-3.45	-2.51	-12	-26
Acquisitions	-4.65	-0.83	-6.12	-285	-3.98	-112	-1.58	-0.92	-0.74	-0.34
Purchase of Investments	0.00	-0.78	0.00	-300	-246	-125	-271	-608	0.00	-45
Sale of Property, Plant & Equipment	-	-	-	0.00	-	-	-	0.00	0.00	2.85
Divestitures	-	-	-	-	-	-	0.00	0.00	5.99	0.00
Sale and/or Maturity of Investments	0.00	8.39	0.75	20	297	215	269	534	186	0.00
Other Investing Activities, net	-0.18	-3.75	-0.23	0.42	4.79	3.03	5.70	18	-3.51	-8.24
Net Cash From Financing Activities	13	39	122	1,858	-3.05	-13	-2.90	-1.03	-1.23	-20
Net Cash From Continuing Financing Activities	11	39	122	1,858	-3.05	-13	-2.90	-1.03	-1.23	-20
Repurchase of Common Equity	-0.12	-2.11	-7.58	-3.72	-	-	-	0.00	0.00	-9.74
Payment of Dividends	-	-	0.00	0.00	-1.02	-	-	0.00	0.00	-6.41
Other Financing Activities, net	0.39	40	2.60	68	-2.15	-13	-2.83	-1.03	-1.23	-3.75
Effect of Exchange Rate Changes	-	-	-	-	6.10	-	-29	8.01	-3.25	3.59
Cash Interest Paid	-	0.00	-	0.76	-	0.00	0.00	0.00	0.00	0.00
Cash Interest Received	-	-	-	26	18	-	16	37	48	39
Cash Income Taxes Paid	-	-	-	0.00	0.00	0.89	0.18	33	0.65	0.10

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-4.24	162	98	186	-6.93	14	-3.23	-61	-3.40	-10	7.62
Net Cash From Operating Activities	-12	-0.18	17	-2.20	1.74	12	7.72	-2.10	2.82	13	12
Net Cash From Continuing Operating Activities	-12	-0.18	17	-2.20	1.74	12	7.72	-2.10	2.82	13	12
Net Income / (Loss) Continuing Operations	-8.50	-1.77	-45	-2.48	-8.76	7.32	44	7.72	-38	28	-0.49
Consolidated Net Income / (Loss)	-8.50	-1.77	-45	-2.48	-8.76	7.32	44	7.72	-38	28	-0.49
Depreciation Expense	2.38	2.15	1.18	1.73	1.51	3.57	2.53	2.84	4.20	3.53	3.66
Non-Cash Adjustments To Reconcile Net Income	2.10	-4.26	43	5.25	12	-3.13	-45	1.88	45	-13	15
Changes in Operating Assets and Liabilities, net	-7.76	3.70	17	-6.70	-3.41	3.82	5.98	-15	-7.48	-5.79	-6.60
Net Cash From Investing Activities	4.85	158	82	190	-8.56	-0.82	-5.03	-55	-0.98	-23	2.78
Net Cash From Continuing Investing Activities	4.85	158	82	190	-8.56	-0.82	-5.03	-55	-0.98	-23	2.78
Purchase of Property, Plant & Equipment	-0.49	0.01	-1.22	-1.72	-0.73	-6.42	-3.54	-15	-3.84	-4.48	-2.14
Acquisitions	-0.01	-0.34	-0.57	-0.27	-0.19	-0.12	-0.17	-0.10	-0.00	-0.11	-0.14
Other Investing Activities, net	5.14	3.97	2.68	2.68	-6.22	0.01	0.03	0.00	2.86	-13	2.21
Net Cash From Financing Activities	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31	-2.93	-7.69	-1.87	-7.42
Net Cash From Continuing Financing Activities	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31	-2.93	-7.69	-1.87	-7.42
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-	-1.86	-4.27
Payment of Dividends	-	-	-	-	-	-	-	-	-	-	-2.56
Other Financing Activities, net	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31	-2.93	-0.22	-0.01	-0.60
Effect of Exchange Rate Changes	2.73	4.87	-0.86	-0.88	0.15	3.09	-5.60	-0.60	2.45	1.31	0.43
Cash Interest Received	5.83	8.82	14	15	14	11	9.43	13	11	7.70	6.98
Cash Income Taxes Paid	0.06	0.02	-	0.58	0.04	0.01	0.03	0.05	0.01	0.01	0.04

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	2025
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	12/31/2025
Total Assets	32	80	183	2,090	1,926	1,398	1,213	1,140	1,166	1,197
Total Current Assets	6.02	18	40	1,573	1,372	1,080	960	933	936	944
Cash & Equivalents	2.58	7.32	24	1,200	1,078	887	765	669	859	792
Short-Term Investments	-	-	0.00	306	212	118	113	192	0.00	40
Note & Lease Receivable	-	-	0.23	4.66	7.08	5.46	11	16	9.31	8.65
Accounts Receivable	0.08	1.53	5.56	12	19	28	26	20	20	49
Inventories, net	2.76	6.69	7.39	38	44	33	38	30	33	47
Prepaid Expenses	0.37	-	2.84	9.40	11	8.97	7.11	5.41	6.28	8.34
Other Current Assets	-	-	-	3.25	1.18	-	-	0.00	8.11	0.00
Plant, Property, & Equipment, net	11	0.00	126	160	188	74	61	59	133	146
Total Noncurrent Assets	15	62	18	357	366	244	192	147	97	107
Long-Term Investments	5.72	4.10	3.26	0.56	19	135	90	55	2.81	7.66
Noncurrent Note & Lease Receivables	-	0.25	0.00	45	87	81	72	69	16	21
Goodwill	1.33	1.42	1.31	214	180	1.10	1.03	1.06	63	66
Intangible Assets	8.34	8.91	8.24	71	70	18	27	21	11	8.89
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	0.23	2.57	1.89
Other Noncurrent Operating Assets	-	48	4.81	26	10	8.98	2.47	1.36	1.39	1.42
Total Liabilities & Shareholders' Equity	32	80	183	2,090	1,926	1,398	1,213	1,140	1,166	1,197
Total Liabilities	6.86	12	35	341	218	63	72	44	55	54
Total Current Liabilities	5.78	6.26	33	333	207	54	68	41	50	48
Accounts Payable	2.80	6.24	33	35	19	12	11	12	17	12
Accrued Expenses	-	-	-	-	23	26	22	28	32	36
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.11	33	0.06	0.01	0.00
Other Current Liabilities	-	-	0.00	298	165	17	1.73	1.47	1.07	0.34
Total Noncurrent Liabilities	1.08	5.39	1.65	8.52	11	9.09	3.93	2.74	5.63	5.99
Noncurrent Deferred & Payable Income Tax Liabilities	1.08	1.13	-	-	0.00	0.08	-	0.18	3.56	4.09
Other Noncurrent Operating Liabilities	-	4.27	-	6.68	8.49	7.10	3.93	2.56	2.07	1.91
Total Equity & Noncontrolling Interests	25	69	149	1,749	1,708	1,334	1,141	1,096	1,111	1,143
Total Preferred & Common Equity	25	69	148	1,750	1,711	1,337	1,144	1,100	1,064	1,094
Total Common Equity	25	69	148	1,750	1,711	1,337	1,144	1,100	1,064	1,094
Common Stock	25	66	186	584	604	628	654	662	670	663
Retained Earnings	-4.62	-2.96	-28	1,138	1,065	659	491	417	458	448
Accumulated Other Comprehensive Income / (Loss)	1.18	0.70	-9.87	28	43	50	-0.80	21	-64	-17
Noncontrolling Interest	-	0.00	0.10	-0.85	-3.20	-2.97	-2.92	-3.45	47	49

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	Q2 2025	Q3 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	6/30/2025	9/30/2025
Total Assets	1,332	1,237	1,160	1,168	1,150	1,109	1,091	1,184	1,154	1,175	1,178
Total Current Assets	1,026	963	916	925	918	942	935	959	919	927	922
Cash & Equivalents	790	633	414	409	572	855	848	862	798	794	784
Short-Term Investments	155	255	423	432	268	0.00	0.00	0.00	40	40	40
Note & Lease Receivable	7.61	8.74	5.57	14	17	9.53	10	7.42	5.69	3.23	6.72
Accounts Receivable	22	23	22	17	20	21	23	26	26	36	31
Inventories, net	40	34	44	45	36	31	29	47	35	42	48
Prepaid Expenses	12	8.90	7.97	6.78	5.66	6.28	5.25	7.33	6.31	5.19	8.77
Other Current Assets	-	-	-	-	-	19	19	8.97	8.09	6.02	2.87
Plant, Property, & Equipment, net	66	61	60	58	56	37	37	163	139	150	146
Total Noncurrent Assets	240	214	184	186	176	129	119	62	96	98	111
Long-Term Investments	130	114	81	86	80	40	24	2.90	2.76	2.25	11
Noncurrent Note & Lease Receivables	78	72	72	71	68	67	73	16	16	14	22
Goodwill	1.09	1.01	1.04	1.06	1.03	1.04	1.02	38	63	67	65
Intangible Assets	24	21	26	25	24	20	19	4.25	11	11	9.83
Noncurrent Deferred & Refundable Income Taxes	-	-	-	1.14	0.74	-	-	-	2.51	2.66	0.10
Other Noncurrent Operating Assets	6.20	5.27	3.52	1.57	1.42	1.27	1.12	1.18	1.32	1.68	1.53
Total Liabilities & Shareholders' Equity	1,332	1,237	1,160	1,168	1,150	1,109	1,091	1,184	1,154	1,175	1,178
Total Liabilities	47	46	33	32	33	36	35	53	39	45	46
Total Current Liabilities	39	38	29	28	31	33	33	40	33	38	41
Accounts Payable	12	10	13	9.34	4.75	9.40	7.84	6.53	9.50	12	11
Accrued Expenses	24	26	14	17	24	23	24	32	23	25	30
Current Deferred & Payable Income Tax Liabilities	-	-	0.27	0.44	0.64	0.07	0.06	0.09	0.01	0.01	0.00
Other Current Liabilities	2.84	1.97	1.32	1.58	1.33	1.44	1.31	1.17	0.99	0.83	0.58
Total Noncurrent Liabilities	8.06	8.26	4.04	3.75	2.76	2.34	2.20	13	6.01	7.41	5.29
Noncurrent Deferred & Payable Income Tax Liabilities	0.05	1.92	0.38	0.68	-	-	-	11	4.56	5.54	3.43
Other Noncurrent Operating Liabilities	6.65	4.99	2.30	3.07	2.76	2.34	2.20	2.12	1.45	1.87	1.86
Total Equity & Noncontrolling Interests	1,285	1,191	1,126	1,137	1,117	1,073	1,056	1,131	1,115	1,130	1,132
Total Preferred & Common Equity	1,288	1,194	1,129	1,140	1,120	1,076	1,059	1,082	1,066	1,082	1,083
Total Common Equity	1,288	1,194	1,129	1,140	1,120	1,076	1,059	1,082	1,066	1,082	1,083
Common Stock	640	644	656	658	660	664	666	668	669	667	666
Retained Earnings	607	570	472	463	462	414	406	414	464	424	450
Accumulated Other Comprehensive Income / (Loss)	42	-19	1.54	18	-2.11	-1.79	-12	-0.36	-66	-8.40	-34
Noncontrolling Interest	-3.11	-2.91	-2.93	-3.02	-3.06	-3.58	-3.52	50	48	48	50

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	2025
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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	382,893,267.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	382,893,267.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	663.34%	320.53%	93.74%	111.99%	18.78%	34.37%	0.57%	34.82%	24.63%
EBITDA Growth	0.00%	-244.41%	-1,051.52%	6,195.49%	-107.53%	-36.43%	-15.23%	11.33%	65.42%	-406.41%
EBIT Growth	0.00%	-216.30%	-760.72%	5,597.02%	-108.18%	-42.73%	-11.71%	13.74%	60.26%	-220.73%
NOPAT Growth	0.00%	-105.48%	-234.01%	-971.28%	-0.17%	-33.08%	61.84%	23.90%	-41.03%	85.46%
Net Income Growth	0.00%	-67.47%	-1,371.14%	5,442.50%	-106.46%	-427.71%	57.52%	55.82%	153.68%	-107.32%
EPS Growth	0.00%	0.00%	-1,100.00%	2,875.00%	0.00%	0.00%	57.94%	57.78%	157.89%	-118.18%
Operating Cash Flow Growth	0.00%	11.23%	-75.71%	-1,645.28%	-10.43%	-6.04%	42.10%	51.84%	143.99%	37.27%
Free Cash Flow Firm Growth	0.00%	0.00%	-90.63%	-242.69%	-13.14%	100.19%	-9,641.04%	-19.24%	-133.14%	56.72%
Invested Capital Growth	0.00%	193.49%	114.95%	98.52%	64.29%	-51.07%	-11.65%	3.67%	38.65%	21.71%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	44.60%	-11.95%	-19.60%	5.07%	-4.81%	1.20%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-1,344.50%	79.40%	-787.55%	-12.89%	70.09%	-455.83%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-648.37%	77.11%	-6,139.17%	-10.55%	65.29%	-5,305.59%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	40.17%	36.03%	55.66%	1.29%	-37.78%	43.14%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-176.80%	-5.91%	24.59%	31.21%	181.77%	-107.06%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	184.62%	-118.18%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	9.99%	1.53%	11.51%	49.02%	-32.55%	18.92%
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%	-28.83%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-10.33%	-32.06%	-8.71%	-8.61%	-6.39%	2.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	359.75%	50.02%	46.95%	-68.63%	-47.53%	-27.25%	17.79%	13.65%	21.42%	42.81%
EBITDA Margin	-113.18%	-51.06%	-139.83%	4,399.43%	-156.24%	-179.46%	-153.90%	-135.69%	-34.80%	-29.23%
Operating Margin	-722.56%	-194.50%	-154.49%	-597.98%	-403.63%	-452.24%	-128.45%	-97.20%	-65.07%	-11.87%
EBIT Margin	-182.13%	-75.47%	-154.47%	4,382.78%	-169.20%	-203.32%	-169.03%	-144.99%	-42.74%	-38.94%
Profit (Net Income) Margin	-214.80%	-47.12%	-164.86%	4,546.10%	-138.48%	-615.24%	-194.51%	-85.46%	34.03%	-2.00%
Tax Burden Percent	110.39%	63.24%	104.27%	99.97%	102.73%	309.08%	139.45%	101.20%	109.39%	17.11%
Interest Burden Percent	106.84%	98.74%	102.35%	103.76%	79.67%	97.90%	82.52%	58.24%	-72.78%	29.99%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.39%	0.00%
Return on Invested Capital (ROIC)	-10.69%	-11.17%	-15.88%	-83.48%	-47.57%	-68.39%	-42.18%	-33.60%	-39.01%	-4.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-32.28%	-44.23%	24.82%	-255.85%	-53.14%	-52.61%	-33.56%	-31.99%	-52.93%	-5.49%
Return on Net Nonoperating Assets (RNNOA)	7.16%	8.00%	-4.22%	206.33%	43.22%	42.28%	28.54%	26.93%	42.64%	4.15%
Return on Equity (ROE)	-3.53%	-3.17%	-20.09%	122.85%	-4.35%	-26.11%	-13.63%	-6.67%	3.63%	-0.26%
Cash Return on Invested Capital (CROIC)	0.00%	-109.51%	-88.87%	-149.48%	-96.23%	0.19%	-29.80%	-37.20%	-71.40%	-23.99%
Operating Return on Assets (OROA)	-2.35%	-4.23%	-15.50%	98.83%	-4.58%	-7.90%	-11.23%	-10.75%	-4.36%	-4.83%
Return on Assets (ROA)	-2.77%	-2.64%	-16.54%	102.52%	-3.75%	-23.90%	-12.93%	-6.34%	3.47%	-0.25%
Return on Common Equity (ROCE)	-3.53%	-3.17%	-20.08%	122.90%	-4.36%	-26.16%	-13.67%	-6.68%	3.56%	-0.25%
Return on Equity Simple (ROE_SIMPLE)	-3.53%	-2.16%	-14.70%	66.61%	-4.40%	-29.70%	-14.75%	-6.78%	3.76%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.09	-4.28	-14	-153	-154	-204	-78	-59	-84	-12
NOPAT Margin	-505.79%	-136.15%	-108.14%	-597.98%	-282.54%	-316.57%	-89.91%	-68.04%	-71.18%	-8.31%
Net Nonoperating Expense Percent (NNEP)	21.59%	33.07%	-40.69%	172.38%	5.57%	-15.77%	-8.62%	-1.61%	13.92%	1.09%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-6.84%	-5.42%	-7.54%	-1.07%
Cost of Revenue to Revenue	133.57%	49.98%	53.05%	168.63%	147.53%	127.25%	82.21%	86.35%	78.58%	57.19%
SG&A Expenses to Revenue	620.04%	155.83%	100.87%	317.79%	148.23%	140.83%	78.01%	56.71%	39.55%	28.65%
R&D to Revenue	0.00%	0.00%	13.71%	47.41%	37.47%	33.83%	15.14%	6.70%	3.60%	3.04%
Operating Expenses to Revenue	688.99%	244.52%	201.44%	529.35%	356.11%	424.99%	146.24%	110.85%	86.49%	54.68%
Earnings before Interest and Taxes (EBIT)	-0.75	-2.38	-20	1,124	-92	-131	-147	-126	-50	-57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.47	-1.61	-19	1,128	-85	-116	-134	-118	-41	-43
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	0.92
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	0.99
Price to Revenue (P/Rev)	0.00	0.00	117.26	53.46	45.48	22.58	11.08	9.13	6.57	6.87
Price to Earnings (P/E)	0.00	0.00	0.00	1.18	0.00	0.00	0.00	0.00	18.80	0.00
Dividend Yield	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%	85.10%	0.00%	0.00%	0.00%	0.00%	5.32%	0.00%
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	0.71
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	115.23	0.00	21.34	4.87	0.00	0.00	0.00	1.48
Enterprise Value to EBITDA (EV/EBITDA)	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)	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
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	8.37
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	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	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
Financial Leverage	-0.22	-0.18	-0.17	-0.81	-0.81	-0.80	-0.85	-0.84	-0.81	-0.75
Leverage Ratio	1.27	1.20	1.21	1.20	1.16	1.09	1.05	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	0.31
Debt to Total Capital	10.62%	0.00%	0.08%	0.00%	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%	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%	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%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.07%	-0.05%	-0.19%	-0.22%	-0.26%	-0.31%	4.22%	4.29%
Common Equity to Total Capital	89.38%	100.00%	99.85%	100.05%	100.19%	100.22%	100.26%	100.31%	95.78%	95.71%
Debt to EBITDA	-6.38	0.00	-0.01	0.00	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	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
Debt to NOPAT	-1.43	0.00	-0.01	0.00	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	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	0.00
Altman Z-Score	0.00	0.00	26.20	5.67	8.19	15.06	9.13	11.99	9.79	12.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.05%	-0.04%	-0.12%	-0.20%	-0.24%	-0.28%	1.97%	4.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	2.88	1.20	4.73	6.63	19.86	14.10	22.54	18.84	19.59
Quick Ratio	0.46	1.41	0.89	4.57	6.36	19.09	13.44	21.68	17.88	18.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-42	-80	-275	-311	0.58	-55	-66	-153	-66
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%	113.10%
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
Operating Cash Flow to Interest Expense	-27.91	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	-34.48	0.00	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	0.12
Accounts Receivable Turnover	5.18	3.90	3.73	2.94	3.53	2.76	3.20	3.73	5.77	4.25
Inventory Turnover	0.20	0.33	1.00	1.90	1.95	2.14	2.03	2.21	2.90	2.10
Fixed Asset Turnover	0.04	0.00	0.00	0.18	0.31	0.49	1.29	1.45	1.22	1.05
Accounts Payable Turnover	0.20	0.35	0.36	1.26	2.93	5.32	6.28	6.47	6.35	5.86
Days Sales Outstanding (DSO)	70.50	93.56	97.81	124.06	103.52	132.27	114.11	97.77	63.29	85.91
Days Inventory Outstanding (DIO)	1,826.48	1,095.66	365.83	191.76	186.73	170.62	180.06	164.87	125.68	173.95
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	62.29
Cash Conversion Cycle (CCC)	39.42	140.49	-562.47	26.51	165.88	234.26	236.06	206.21	131.50	197.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	20	57	123	244	401	196	173	180	249	304
Invested Capital Turnover	0.02	0.08	0.15	0.14	0.17	0.22	0.47	0.49	0.55	0.53
Increase / (Decrease) in Invested Capital	0.00	38	66	121	157	-205	-23	6.36	70	54
Enterprise Value (EV)	0.00	0.00	1,525	-137	1,160	315	-9.08	-123	-42	217
Market Capitalization	0.00	0.00	1,552	1,371	2,472	1,457	961	797	772	1,007
Book Value per Share	$0.00	$0.51	$0.99	$9.79	$4.80	$3.60	$3.02	$2.89	$2.78	$2.86
Tangible Book Value per Share	$0.00	$0.43	$0.93	$8.19	$4.10	$3.55	$2.95	$2.83	$2.59	$2.66
Total Capital	28	69	149	1,749	1,708	1,334	1,141	1,096	1,111	1,143
Total Debt	2.98	0.00	0.12	0.00	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	0.00
Net Debt	-5.33	-11	-27	-1,507	-1,309	-1,140	-967	-916	-862	-839
Capital Expenditures (CapEx)	1.13	33	88	39	31	11	3.45	2.51	12	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.64	4.44	-17	-266	-124	21	14	30	28	64
Debt-free Net Working Capital (DFNWC)	3.21	12	6.71	1,240	1,165	1,025	892	892	886	896
Net Working Capital (NWC)	0.24	12	6.68	1,240	1,165	1,025	892	892	886	896
Net Nonoperating Expense (NNE)	-1.20	-2.80	7.51	-1,319	-78	193	91	15	-124	-9.25
Net Nonoperating Obligations (NNO)	-5.56	-11	-26	-1,505	-1,307	-1,138	-967	-916	-862	-839
Total Depreciation and Amortization (D&A)	0.28	0.77	1.94	4.27	7.05	15	13	8.11	9.34	14
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%	43.73%
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%	611.17%
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%	611.17%
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	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	0.00	134.80M	0.00	310.07M	351.58M	374.95M	380.58M	381.30M	382.53M	379.05M
Adjusted Diluted Earnings per Share	$0.00	($0.01)	$0.00	$3.33	($0.21)	($1.07)	$0.00	($0.19)	$0.11	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	176.79M	0.00	342.81M	351.58M	374.95M	380.58M	381.30M	382.53M	379.05M
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
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	379.05M
Normalized Net Operating Profit after Tax (NOPAT)	-2.09	-4.28	-14	-104	-126	-116	-73	-56	-42	-10
Normalized NOPAT Margin	-505.79%	-136.15%	-108.14%	-404.04%	-231.03%	-179.47%	-84.24%	-64.12%	-35.44%	-6.98%
Pre Tax Income Margin	-194.58%	-74.52%	-158.10%	4,547.51%	-134.81%	-199.05%	-139.49%	-84.44%	31.11%	-11.68%
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	0.00
NOPAT to Interest Expense	-12.08	0.00	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	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	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%	-218.95%
Augmented Payout Ratio	-13.61%	-142.55%	-34.73%	0.32%	-1.35%	0.00%	0.00%	0.00%	0.00%	-551.52%

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	382,893,267.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	382,893,267.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.00
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.95%	21.56%	21.37%	29.72%	45.95%	87.80%	-24.85%	27.58%	20.51%	42.51%	5.75%
EBITDA Growth	28.24%	55.01%	-29.51%	38.71%	-46.80%	-142.90%	161.73%	102.61%	-84.13%	151.15%	-126.48%
EBIT Growth	30.67%	53.40%	-24.92%	37.86%	-36.14%	-133.35%	156.36%	87.21%	-89.73%	137.86%	-132.97%
NOPAT Growth	18.50%	20.34%	4.87%	23.21%	24.53%	-250.33%	28.23%	61.24%	65.79%	99.01%	51.72%
Net Income Growth	58.22%	95.20%	42.90%	87.10%	-3.08%	513.32%	197.59%	410.91%	-339.34%	286.69%	-101.12%
EPS Growth	60.00%	100.00%	0.00%	80.00%	0.00%	0.00%	200.00%	300.00%	-400.00%	250.00%	-108.33%
Operating Cash Flow Growth	31.86%	98.63%	168.99%	95.38%	114.81%	6,429.51%	-54.09%	4.90%	61.58%	14.90%	53.30%
Free Cash Flow Firm Growth	77.90%	-127.55%	-408.97%	283.65%	218.33%	-458.80%	-273.72%	-567.23%	-810.09%	75.13%	26.12%
Invested Capital Growth	-0.41%	3.56%	3.67%	-15.61%	-12.83%	35.35%	38.65%	54.57%	60.22%	11.28%	21.71%
Revenue Q/Q Growth	-2.43%	30.43%	-3.61%	8.69%	9.78%	67.83%	-61.43%	79.52%	3.70%	45.95%	-34.38%
EBITDA Q/Q Growth	41.60%	6.64%	-291.99%	70.72%	-39.90%	-54.47%	199.62%	-98.79%	-9,987.58%	142.91%	-197.30%
EBIT Q/Q Growth	38.36%	7.04%	-250.06%	68.38%	-35.05%	-59.33%	184.54%	-107.03%	-1,902.67%	131.80%	-243.78%
NOPAT Q/Q Growth	0.72%	-5.60%	0.64%	21.86%	2.43%	-390.23%	79.65%	60.19%	13.87%	85.85%	-894.71%
Net Income Q/Q Growth	55.88%	79.15%	-2,441.03%	94.48%	-252.62%	183.62%	499.96%	-82.42%	-598.28%	173.60%	-101.73%
EPS Q/Q Growth	60.00%	100.00%	0.00%	0.00%	-100.00%	200.00%	500.00%	-83.33%	-600.00%	170.00%	-114.29%
Operating Cash Flow Q/Q Growth	75.31%	98.45%	9,288.52%	-113.11%	179.13%	564.16%	-33.35%	-127.15%	234.45%	372.29%	-11.08%
Free Cash Flow Firm Q/Q Growth	-15.17%	-62.12%	2.27%	204.83%	-25.79%	-865.60%	34.64%	-25.82%	-12.78%	73.18%	-94.15%
Invested Capital Q/Q Growth	-0.01%	-6.36%	-8.61%	-1.37%	3.28%	45.40%	-6.39%	9.96%	7.06%	0.99%	2.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.29%	16.00%	8.00%	17.73%	22.68%	7.75%	60.14%	42.57%	43.35%	37.54%	50.52%
EBITDA Margin	-85.19%	-60.98%	-247.96%	-67.24%	-85.69%	-78.86%	203.70%	1.37%	-130.93%	38.49%	-57.08%
Operating Margin	-108.41%	-87.77%	-90.47%	-63.07%	-56.05%	-72.23%	-63.24%	-12.62%	-15.91%	-1.03%	-23.39%
EBIT Margin	-97.70%	-69.63%	-252.88%	-74.09%	-91.14%	-86.52%	189.65%	-7.43%	-143.49%	31.26%	-68.49%
Profit (Net Income) Margin	-44.67%	-7.14%	-188.28%	-9.82%	-31.55%	15.72%	244.51%	23.94%	-115.03%	58.00%	-1.53%
Tax Burden Percent	145.42%	62.31%	98.94%	81.66%	80.12%	158.67%	95.64%	106.26%	98.65%	104.87%	3.96%
Interest Burden Percent	31.44%	16.46%	75.25%	16.24%	43.21%	-11.45%	134.81%	-303.21%	81.26%	176.93%	56.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-58.67%	4.36%	-6.26%	0.00%	-4.87%	0.00%
Return on Invested Capital (ROIC)	-28.33%	-26.37%	-31.27%	-21.19%	-20.30%	-61.14%	-33.15%	-7.40%	-6.09%	-0.56%	-8.68%
ROIC Less NNEP Spread (ROIC-NNEP)	-28.93%	-27.78%	-28.10%	-22.15%	-20.54%	-67.95%	-39.31%	-8.79%	-2.02%	-3.95%	-9.24%
Return on Net Nonoperating Assets (RNNOA)	23.90%	23.12%	23.66%	18.25%	16.85%	53.95%	31.67%	6.97%	1.58%	2.97%	6.98%
Return on Equity (ROE)	-4.44%	-3.25%	-7.61%	-2.95%	-3.45%	-7.20%	-1.48%	-0.43%	-4.51%	2.41%	-1.71%
Cash Return on Invested Capital (CROIC)	-29.99%	-34.59%	-37.20%	-11.96%	-12.96%	-56.28%	-71.40%	-73.54%	-71.15%	-18.29%	-23.99%
Operating Return on Assets (OROA)	-6.14%	-4.84%	-18.75%	-6.08%	-8.21%	-9.16%	19.34%	-0.82%	-16.50%	3.83%	-8.50%
Return on Assets (ROA)	-2.81%	-0.50%	-13.96%	-0.81%	-2.84%	1.66%	24.94%	2.64%	-13.23%	7.11%	-0.19%
Return on Common Equity (ROCE)	-4.45%	-3.26%	-7.63%	-2.95%	-3.46%	-7.05%	-1.45%	-0.42%	-4.42%	2.31%	-1.64%
Return on Equity Simple (ROE_SIMPLE)	-12.59%	-9.68%	0.00%	-5.37%	-5.48%	-4.53%	0.00%	4.71%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-14	-15	-15	-11	-11	-53	-11	-4.33	-3.73	-0.53	-5.25
NOPAT Margin	-75.88%	-61.44%	-63.33%	-44.15%	-39.24%	-114.60%	-60.48%	-13.41%	-11.14%	-1.08%	-16.38%
Net Nonoperating Expense Percent (NNEP)	0.59%	1.40%	-3.17%	0.96%	0.24%	6.80%	6.17%	1.39%	-4.07%	3.39%	0.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-1.38%	-	-	-	-0.98%	-0.39%	-0.33%	-0.05%	-0.46%
Cost of Revenue to Revenue	83.71%	84.00%	92.00%	82.27%	77.32%	92.25%	39.86%	57.43%	56.65%	62.46%	49.48%
SG&A Expenses to Revenue	70.72%	57.90%	40.99%	35.22%	45.99%	27.39%	67.22%	28.85%	31.49%	18.95%	40.26%
R&D to Revenue	5.82%	5.02%	6.07%	3.94%	3.47%	2.67%	5.72%	2.46%	2.78%	2.75%	4.31%
Operating Expenses to Revenue	124.70%	103.77%	98.47%	80.79%	78.73%	79.98%	123.38%	55.19%	59.27%	38.57%	73.92%
Earnings before Interest and Taxes (EBIT)	-19	-17	-60	-19	-25	-40	34	-2.40	-48	15	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-16	-15	-59	-17	-24	-37	37	0.44	-44	19	-18
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.66	0.68	0.72	0.92	0.84	0.77	0.73	0.65	0.68	0.98	0.92
Price to Tangible Book Value (P/TBV)	0.67	0.70	0.74	0.94	0.86	0.81	0.78	0.70	0.73	1.06	0.99
Price to Revenue (P/Rev)	9.54	9.18	9.13	10.70	8.75	6.78	6.57	5.56	5.65	7.35	6.87
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	18.80	14.00	39.82	29.49	0.00
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%	5.32%	7.14%	2.51%	3.39%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.54	0.08	0.08	0.00	0.00	0.00	0.94	0.71
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.03	0.14	0.18	0.00	0.00	0.00	1.92	1.48
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.13	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	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	36.25	0.86	0.79	0.00	0.00	0.00	12.80	8.37
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	-0.83	-0.83	-0.84	-0.82	-0.82	-0.79	-0.81	-0.79	-0.78	-0.75	-0.75
Leverage Ratio	1.03	1.03	1.05	1.03	1.03	1.04	1.05	1.03	1.04	1.04	1.05
Compound Leverage Factor	0.32	0.17	0.79	0.17	0.45	-0.12	1.41	-3.14	0.84	1.85	0.59
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	-0.27%	-0.27%	-0.31%	-0.33%	-0.33%	4.40%	4.22%	4.34%	4.24%	4.38%	4.29%
Common Equity to Total Capital	100.27%	100.27%	100.31%	100.33%	100.33%	95.60%	95.78%	95.66%	95.76%	95.62%	95.71%
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	15.70	15.22	12.18	18.23	16.68	10.92	10.03	12.22	11.20	15.38	12.64
Noncontrolling Interest Sharing Ratio	-0.25%	-0.26%	-0.28%	-0.30%	-0.30%	2.08%	1.97%	2.05%	2.03%	4.39%	4.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	33.12	30.03	22.54	28.19	28.29	24.24	18.84	27.80	24.65	22.45	19.59
Quick Ratio	31.25	28.67	21.68	26.51	26.67	22.64	17.88	26.31	23.23	21.00	18.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	-22	-22	22	16	-123	-80	-101	-114	-31	-59
Operating Cash Flow to CapEx	-2,383.40%	0.00%	1,380.54%	-127.84%	239.23%	180.56%	217.89%	-13.74%	73.44%	296.88%	553.30%
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	0.06	0.07	0.07	0.08	0.09	0.11	0.10	0.11	0.12	0.12	0.12
Accounts Receivable Turnover	4.04	3.84	3.73	4.31	4.99	5.30	5.77	5.27	4.38	5.03	4.25
Inventory Turnover	1.61	2.06	2.21	2.12	2.29	2.58	2.90	2.76	2.46	1.83	2.10
Fixed Asset Turnover	1.27	1.43	1.45	1.92	2.15	1.13	1.22	1.41	1.39	0.94	1.05
Accounts Payable Turnover	6.28	9.52	6.47	7.04	9.91	19.02	6.35	9.54	8.77	10.06	5.86
Days Sales Outstanding (DSO)	90.35	95.11	97.77	84.66	73.13	68.84	63.29	69.32	83.42	72.60	85.91
Days Inventory Outstanding (DIO)	226.82	177.30	164.87	171.81	159.47	141.39	125.68	132.09	148.55	199.08	173.95
Days Payable Outstanding (DPO)	58.12	38.32	56.43	51.88	36.84	19.20	57.47	38.27	41.60	36.30	62.29
Cash Conversion Cycle (CCC)	259.06	234.09	206.21	204.59	195.77	191.04	131.50	163.14	190.37	235.38	197.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	210	197	180	177	183	266	249	274	294	296	304
Invested Capital Turnover	0.37	0.43	0.49	0.48	0.52	0.53	0.55	0.55	0.55	0.51	0.53
Increase / (Decrease) in Invested Capital	-0.86	6.76	6.36	-33	-27	70	70	97	110	30	54
Enterprise Value (EV)	-179	-161	-123	96	14	22	-42	-100	-53	279	217
Market Capitalization	750	762	797	995	890	837	772	692	736	1,065	1,007
Book Value per Share	$2.99	$2.94	$2.89	$2.82	$2.77	$2.83	$2.78	$2.79	$2.81	$2.83	$2.86
Tangible Book Value per Share	$2.92	$2.87	$2.83	$2.77	$2.72	$2.72	$2.59	$2.59	$2.61	$2.63	$2.66
Total Capital	1,137	1,117	1,096	1,073	1,056	1,131	1,111	1,115	1,130	1,132	1,143
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	-927	-920	-916	-895	-873	-865	-862	-841	-837	-836	-839
Capital Expenditures (CapEx)	0.49	-0.01	1.22	1.72	0.73	6.42	3.54	15	3.84	4.48	2.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	56	48	30	54	54	58	28	48	55	57	64
Debt-free Net Working Capital (DFNWC)	897	888	892	909	902	920	886	886	890	881	896
Net Working Capital (NWC)	897	888	892	909	902	920	886	886	890	881	896
Net Nonoperating Expense (NNE)	-5.94	-13	30	-8.68	-2.13	-61	-55	-12	35	-29	-4.76
Net Nonoperating Obligations (NNO)	-927	-920	-916	-895	-873	-865	-862	-841	-837	-836	-839
Total Depreciation and Amortization (D&A)	2.38	2.15	1.18	1.73	1.51	3.57	2.53	2.84	4.20	3.53	3.66
Debt-free, Cash-free Net Working Capital to Revenue	71.11%	58.09%	34.82%	57.70%	53.09%	46.60%	23.47%	38.30%	42.31%	39.29%	43.73%
Debt-free Net Working Capital to Revenue	1,140.59%	1,069.24%	1,022.35%	976.84%	886.49%	744.27%	753.66%	710.76%	682.78%	608.29%	611.17%
Net Working Capital to Revenue	1,140.59%	1,069.24%	1,022.35%	976.84%	886.49%	744.27%	753.66%	710.76%	682.78%	608.29%	611.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02	($0.10)	$0.07	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M	382.94M	382.89M	379.05M
Adjusted Diluted Earnings per Share	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12	$0.02	($0.10)	$0.07	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M	382.94M	382.89M	379.05M
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	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M	385.42M	382.94M	382.89M	379.05M
Normalized Net Operating Profit after Tax (NOPAT)	-14	-14	-13	-9.72	-11	-13	-11	-2.46	-3.19	-0.18	-4.41
Normalized NOPAT Margin	-75.88%	-57.42%	-53.18%	-38.45%	-37.86%	-28.96%	-60.48%	-7.63%	-9.53%	-0.37%	-13.75%
Pre Tax Income Margin	-30.72%	-11.46%	-190.30%	-12.03%	-39.38%	9.91%	255.66%	22.53%	-116.60%	55.31%	-38.66%
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%	-218.95%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-551.52%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor-focused snapshot of Cronos Group Inc. (CRON) using the latest quarterly data across the last four years. It highlights liquidity, profitability, and capital allocation trends that could influence outlook for retail investors.

Cronos maintains a strong liquidity position, with cash & equivalents generally around the high hundreds of millions (roughly $0.78B–$0.86B in recent quarters), supporting ongoing operations and potential investments.
Operating cash flow has turned positive in late 2024 into 2025, with continuing operating activities generating cash in Q3 2025 and Q4 2025, indicating improved cash generation from core activities.
The balance sheet remains solidly backed by a large equity base (Total Equity near $1.08B in 2025 Q3) and relatively modest liabilities (Total Liabilities around $46M), suggesting low overall leverage.
There are clear quarterly earnings positives: Q4 2024 net income of about $43.94M and Q3 2025 net income of about $28.32M show meaningful profitability in several periods.
Q4 2025 shows topline strength with Operating Revenue of about $58.39M, supported by a positive gross profit figure, signaling improving revenue momentum into year-end 2025.
Gross margin has been volatile: Q4 2025 gross margin is around 50% (roughly $16.19M gross profit on $32.04M revenue) versus higher margins (~60%) in some prior periods, indicating mix and cost pressure shifts.
Earnings per share have fluctuated meaningfully; basic and diluted EPS have ranged from negative to modest positives across quarters, reflecting quarterly volatility and a high share count.
Capital allocation includes notable investing activity (acquisitions and investments) in multiple quarters, which drives cash outflows and can affect free cash flow timing.
There is ongoing earnings volatility: for instance, Q2 2025 reflected a substantial net loss (around $38.5M), underscoring earnings risk even as some quarters post gains.
Net cash from investing activities has been significantly negative in several quarters due to large investment and acquisition outlays, pressuring near-term cash flow despite a strong starting cash position.

05/10/26 02:47 PM ETAI Generated. May Contain Errors.

Cronos Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cronos Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Cronos Group's net income appears to be on a downward trend, with a most recent value of -$2.93 million in 2025, rising from -$885.56 thousand in 2016. The previous period was $40.02 million in 2024. Check out Cronos Group's forecast to explore projected trends and price targets.

Cronos Group's total operating income in 2025 was -$17.40 million, based on the following breakdown:

Total Gross Profit: $62.76 million
Total Operating Expenses: $80.15 million

Over the last 9 years, Cronos Group's total revenue changed from $412.27 thousand in 2016 to $146.59 million in 2025, a change of 35,456.3%.

Cronos Group's total liabilities were at $54.18 million at the end of 2025, a 2.1% decrease from 2024, and a 689.4% increase since 2016.

In the past 9 years, Cronos Group's cash and equivalents has ranged from $2.58 million in 2016 to $1.20 billion in 2019, and is currently $791.79 million as of their latest financial filing in 2025.

Over the last 9 years, Cronos Group's book value per share changed from 0.00 in 2016 to 2.86 in 2025, a change of 285.7%.

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Financial statements for NASDAQ:CRON last updated on 3/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cronos Group (CRON) 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

Financials Breakdown Chart

Key Financial Trends

Cronos Group Financials - Frequently Asked Questions

When does Cronos Group's financial year end?

How has Cronos Group's net income changed over the last 9 years?

What is Cronos Group's operating income?

How has Cronos Group's revenue changed over the last 9 years?

How much debt does Cronos Group have?

How much cash does Cronos Group have?

How has Cronos Group's book value per share changed over the last 9 years?

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