NASDAQ : CRON
Cronos Group Inc. — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · Canada
Last price 3.3 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.22B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Cronos Group Inc. (CRON) reported revenue of 179.09M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 179.09M | 146.59M | 117.61M | 87.24M | 86.75M | 64.56M |
| Revenue | 179.09M | 146.59M | 117.61M | 87.24M | 86.75M | 64.56M |
| Cost of Revenue | 102.05M | 88.19M | 87.13M | 75.33M | 71.31M | 82.15M |
| Gross Profit | 77.04M | 58.40M | 30.48M | 11.91M | 15.44M | -17.59M |
| Selling, General & Admin | 65.51M | 61.80M | 67.42M | 72.18M | 85.72M | 111.84M |
| Research & Development | 5.36M | 4.45M | 4.23M | 5.84M | 13.13M | 21.84M |
| Operating Expenses | 78.88M | 75.42M | 84.05M | 91.82M | 119.83M | 147.93M |
| Operating Income | -1.84M | -17.02M | -53.56M | -79.91M | -104.39M | -165.53M |
| Interest & Investment Income | 38.97M | 39.96M | 52.02M | 51.23M | 22.51M | 9.07M |
| Earnings From Equity Investments | 2.37M | 1.58M | 3.11M | -6.31M | ||
| Currency Exchange Gain (Loss) | 43.28M | -28.59M | 57.86M | -7.32M | -2.29M | |
| Other Non Operating Income (Expenses) | -3.19M | -693.00K | 5.25M | -11.01M | 28.80M | 159.97M |
| EBT Excluding Unusual Items | 77.22M | -6.33M | 63.93M | -45.43M | -52.25M | -2.80M |
| Merger & Restructuring Charges | -4.94M | -4.52M | -6.62M | -1.52M | -3.54M | -119.90M |
| Impairment of Goodwill | -700.00K | -700.00K | ||||
| Gain (Loss) on Sale of Investments | 6.82M | -23.35M | -61.39M | |||
| Gain (Loss) on Sale of Assets | -3.07M | -5.53M | -11.20M | -324.00K | 733.00K | |
| Asset Writedown | -36.00K | -36.00K | -16.35M | -3.37M | -3.49M | -6.54M |
| Pretax Income | 68.47M | -17.12M | 36.59M | -73.67M | -121.00M | -128.51M |
| Income Tax Expense | -10.73M | -14.19M | -3.44M | -3.23M | 34.17M | -431.00K |
| Earnings From Continuing Operations | 79.20M | -2.93M | 40.02M | -70.44M | -155.18M | -128.08M |
| Earnings From Discontinued Operations | -4.11M | -13.56M | -269.12M | |||
| Net Income to Company | 79.20M | -2.93M | 40.02M | -74.55M | -168.73M | -397.20M |
| Minority Interest in Earnings | -9.22M | -6.52M | 1.06M | 590.00K | 1.10M | |
| Net Income | 69.98M | -9.45M | 41.08M | -73.96M | -168.73M | -396.11M |
| Net Income to Common | 69.98M | -9.45M | 41.08M | -73.96M | -168.73M | -396.11M |
| Shares Outstanding (Basic) | 379.64M | 383.47M | 382.06M | 380.96M | 376.96M | 370.39M |
| Shares Outstanding (Diluted) | 380.61M | 383.47M | 385.56M | 380.96M | 376.96M | 370.39M |
| EPS (Basic) | 0.18 | -0.02 | 0.11 | -0.19 | -0.45 | -1.07 |
| EPS (Diluted) | 0.18 | -0.02 | 0.11 | -0.19 | -0.45 | -1.07 |
| Free Cash Flow | 49.82M | 149.00K | 6.43M | -45.34M | -92.40M | -164.76M |
| Free Cash Flow Per Share | 0.13 | 0.00 | 0.02 | -0.12 | -0.24 | -0.45 |
| Gross Margin | 43.02% | 39.84% | 25.92% | 13.65% | 17.79% | -27.25% |
| Operating Margin | -1.03% | -11.61% | -45.54% | -91.60% | -120.34% | -256.39% |
| Profit Margin | 39.07% | -6.44% | 34.93% | -84.78% | -194.51% | -613.54% |
| Free Cash Flow Margin | 27.82% | 0.10% | 5.47% | -51.97% | -106.51% | -255.20% |
| EBITDA | 11.88M | -3.35M | -44.71M | -72.45M | -92.97M | -152.06M |
| EBITDA Margin | 6.63% | -2.29% | -38.02% | -83.05% | -107.17% | -235.53% |
| D&A For EBITDA | 13.72M | 13.66M | 8.85M | 7.46M | 11.42M | 13.47M |
| EBIT | -1.84M | -17.02M | -53.56M | -79.91M | -104.39M | -165.53M |
| EBIT Margin | -1.03% | -11.61% | -45.54% | -91.60% | -120.34% | -256.39% |
| Revenue as Reported | 179.09M | 146.59M | 117.61M | 87.24M | 86.75M | 64.56M |
| Advertising Expenses | 2.27M | 887.00K | 1.38M | 889.00K | 2.23M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 467.02M | 791.79M | 858.80M | 669.29M | 764.64M | 886.97M |
| Short-Term Investments | 330.00M | 40.00M | 192.24M | 113.08M | 117.68M | |
| Cash & Short-Term Investments | 797.02M | 831.79M | 858.80M | 861.53M | 877.72M | 1.00B |
| Accounts Receivable | 36.72M | 34.10M | 15.46M | 13.98M | 23.11M | 22.07M |
| Other Receivables | 20.32M | 23.10M | 13.69M | 16.35M | 5.77M | 5.76M |
| Receivables | 57.04M | 57.20M | 29.77M | 35.88M | 37.77M | 33.29M |
| Inventory | 52.70M | 46.75M | 33.15M | 30.50M | 37.56M | 32.80M |
| Prepaid Expenses | 5.27M | 8.34M | 6.28M | 5.41M | 7.11M | 8.97M |
| Other Current Assets | 8.11M | |||||
| Total Current Assets | 912.03M | 944.09M | 936.11M | 933.31M | 960.16M | 1.08B |
| Property, Plant & Equipment | 142.82M | 147.29M | 134.58M | 60.82M | 62.83M | 82.95M |
| Long-Term Investments | 34.53M | 7.66M | 2.81M | 54.74M | 89.75M | 135.16M |
| Goodwill | 64.15M | 66.48M | 63.45M | 1.06M | 1.03M | 1.10M |
| Other Intangible Assets | 8.05M | 8.89M | 11.26M | 21.08M | 26.70M | 18.08M |
| Long-Term Deferred Tax Assets | 907.00K | 1.89M | 2.57M | 226.00K | 193.00K | |
| Other Long-Term Assets | 100.00K | |||||
| Total Assets | 1.18B | 1.20B | 1.17B | 1.14B | 1.21B | 1.40B |
| Accounts Payable | 17.42M | 11.64M | 16.97M | 12.13M | 11.16M | 11.11M |
| Accrued Expenses | 35.23M | 36.21M | 31.65M | 27.74M | 18.14M | 22.15M |
| Current Portion of Leases | 162.00K | 337.00K | 1.02M | 994.00K | 1.33M | 2.71M |
| Current Income Taxes Payable | 3.55M | 9.00K | 64.00K | 37.09M | 3.59M | |
| Other Current Liabilities | 40.00K | 475.00K | 399.00K | 14.81M | ||
| Total Current Liabilities | 56.36M | 48.19M | 49.70M | 41.40M | 68.12M | 54.37M |
| Long-Term Leases | 1.13M | 1.17M | 993.00K | 1.56M | 2.55M | 7.09M |
| Long-Term Deferred Tax Liabilities | 4.92M | 4.09M | 3.56M | 181.00K | 81.00K | |
| Other Long-Term Liabilities | 733.00K | 1.07M | 1.00M | 1.38M | 1.91M | |
| Total Liabilities | 62.41M | 54.18M | 55.33M | 44.14M | 72.05M | 63.46M |
| Common Stock | 632.07M | 662.98M | 669.88M | 662.17M | 611.32M | 595.50M |
| Additional Paid-In Capital | 42.68M | 32.47M | ||||
| Retained Earnings | 492.32M | 447.76M | 457.71M | 416.72M | 490.68M | 659.42M |
| Comprehensive Income & Other | -55.72M | -16.84M | -63.52M | 20.68M | -797.00K | 49.87M |
| Total Common Equity | 1.07B | 1.09B | 1.06B | 1.10B | 1.14B | 1.34B |
| Minority Interest | 48.77M | 49.06M | 46.92M | -3.45M | -2.92M | -2.97M |
| Shareholders' Equity | 1.12B | 1.14B | 1.11B | 1.10B | 1.14B | 1.33B |
| Total Liabilities & Equity | 1.18B | 1.20B | 1.17B | 1.14B | 1.21B | 1.40B |
| Total Debt | 1.29M | 1.51M | 2.02M | 2.55M | 3.88M | 9.81M |
| Net Cash (Debt) | 795.72M | 830.28M | 856.79M | 858.98M | 873.85M | 994.85M |
| Net Cash Per Share | 2.09 | 2.17 | 2.22 | 2.25 | 2.32 | 2.69 |
| Filing Date Shares Outstanding | 368.41M | 379.05M | 382.53M | 381.30M | 380.58M | 374.95M |
| Total Common Shares Outstanding | 370.73M | 381.59M | 382.53M | 381.30M | 380.58M | 374.95M |
| Working Capital | 855.67M | 895.90M | 886.41M | 891.91M | 892.04M | 1.03B |
| Book Value Per Share | 2.88 | 2.87 | 2.78 | 2.88 | 3.01 | 3.57 |
| Tangible Book Value | 996.48M | 1.02B | 989.35M | 1.08B | 1.12B | 1.32B |
| Tangible Book Value Per Share | 2.69 | 2.67 | 2.59 | 2.83 | 2.93 | 3.52 |
| Land | 5.31M | 7.25M | 6.39M | 2.76M | 2.56M | 2.82M |
| Buildings | 234.32M | 236.81M | 192.06M | 168.50M | 177.09M | 188.52M |
| Machinery | 51.87M | 50.21M | 39.43M | 24.71M | 24.48M | 24.83M |
| Construction In Progress | 3.76M | 1.06M | 28.71M | 3.27M | 841.00K | 2.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 69.98M | -9.45M | 41.08M | -73.96M | -168.73M | -396.11M |
| Depreciation & Amortization | 14.29M | 14.23M | 9.34M | 7.91M | 12.26M | 14.85M |
| Loss (Gain) From Sale of Assets | 3.03M | 5.53M | 11.20M | |||
| Asset Writedown & Restructuring Costs | 736.00K | 736.00K | 16.35M | 3.57M | 3.49M | 127.66M |
| Loss (Gain) From Sale of Investments | 7.92M | 5.30M | -1.95M | 32.34M | 42.88M | 10.23M |
| Stock-Based Compensation | 6.45M | 7.05M | 8.70M | 8.77M | 15.12M | 10.15M |
| Other Operating Activities | -31.96M | 36.87M | -53.76M | 4.81M | -10.48M | -152.12M |
| Change in Accounts Receivable | -9.64M | -16.74M | -917.00K | 9.21M | -2.71M | -13.16M |
| Change in Inventory | -9.44M | -10.39M | 7.42M | 7.40M | -7.22M | 11.56M |
| Change in Accounts Payable | 5.28M | 1.11M | -7.45M | -773.00K | -863.00K | -1.60M |
| Change in Income Taxes | 3.59M | -10.00K | -93.00K | -33.10M | 34.21M | -776.00K |
| Change in Other Net Operating Assets | -175.00K | -8.38M | 731.00K | -9.20M | -7.76M | -872.00K |
| Operating Cash Flow | 60.05M | 25.87M | 18.84M | -42.84M | -88.95M | -153.62M |
| Capital Expenditures | -10.24M | -25.72M | -12.41M | -2.50M | -3.45M | -11.14M |
| Sale of Property, Plant & Equipment | 2.85M | 2.85M | ||||
| Cash Acquisitions | 5.99M | |||||
| Sale (Purchase) of Intangibles | -379.00K | -339.00K | -743.00K | -918.00K | -1.58M | -1.12M |
| Investment in Securities | -295.11M | -45.11M | 185.82M | -74.11M | -2.51M | -14.70M |
| Other Investing Activities | -30.00M | 1.21M | 452.00K | 3.03M | ||
| Investing Cash Flow | -340.49M | -76.56M | 175.15M | -59.50M | -1.84M | -28.90M |
| Repurchase of Common Stock | -41.61M | -13.49M | -1.23M | -1.03M | -2.83M | -13.46M |
| Other Financing Activities | -6.83M | -6.41M | -68.00K | 16.00K | ||
| Financing Cash Flow | -48.44M | -19.91M | -1.23M | -1.03M | -2.90M | -13.44M |
| Foreign Exchange Rate Adjustments | 1.48M | 3.59M | -3.25M | 8.01M | -28.64M | 4.91M |
| Net Cash Flow | -327.40M | -67.01M | 189.51M | -95.35M | -122.33M | -191.05M |
| Free Cash Flow | 49.82M | 149.00K | 6.43M | -45.34M | -92.40M | -164.76M |
| Free Cash Flow Margin | 27.82% | 0.10% | 5.47% | -51.97% | -106.51% | -255.20% |
| Free Cash Flow Per Share | 0.13 | 0.00 | 0.02 | -0.12 | -0.24 | -0.45 |
| Levered Free Cash Flow | 6.11M | -51.22M | -25.86M | -52.41M | -35.15M | -237.24M |
| Unlevered Free Cash Flow | 6.11M | -51.22M | -25.86M | -52.41M | -35.15M | -237.24M |
| Cash Interest Paid | 215.00K | |||||
| Cash Income Tax Paid | 59.00K | 104.00K | 647.00K | 33.01M | 177.00K | 892.00K |
| Change in Working Capital | -10.39M | -34.41M | -311.00K | -26.47M | 15.66M | -4.84M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.22B | 1.01B | 767.86M | 799.38M | 963.55M | 1.47B |
| Enterprise Value | 459.64M | 220.17M | 6.94M | -60.96M | 66.02M | 399.79M |
| Last Close Price | 3.30 | 2.63 | 2.02 | 2.09 | 2.54 | 3.92 |
| PE Ratio | 17.62 | 18.69 | ||||
| PS Ratio | 6.81 | 6.86 | 6.53 | 9.16 | 11.11 | 22.75 |
| PB Ratio | 1.09 | 0.88 | 0.69 | 0.73 | 0.84 | 1.10 |
| P/TBV Ratio | 1.22 | 0.99 | 0.78 | 0.74 | 0.86 | 1.11 |
| P/FCF Ratio | 24.49 | 6,747.12 | 119.38 | |||
| P/OCF Ratio | 20.31 | 38.87 | 40.75 | |||
| EV/Sales Ratio | 2.57 | 1.50 | 0.06 | 0.76 | 6.19 | |
| EV/FCF Ratio | 9.23 | 1,477.63 | 1.08 | |||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Debt / EBITDA Ratio | 0.10 | |||||
| Debt / FCF Ratio | 0.03 | 10.13 | 0.31 | |||
| Net Debt / Equity Ratio | -0.71 | -0.73 | -0.77 | -0.78 | -0.77 | -0.75 |
| Net Debt / EBITDA Ratio | -66.99 | 247.62 | 19.16 | 11.86 | 9.40 | 6.54 |
| Net Debt / FCF Ratio | -15.97 | -5,572.38 | -133.21 | 18.95 | 9.46 | 6.04 |
| Asset Turnover | 0.15 | 0.12 | 0.10 | 0.07 | 0.07 | 0.04 |
| Inventory Turnover | 2.15 | 2.21 | 2.74 | 2.21 | 2.03 | 2.14 |
| Quick Ratio | 15.15 | 18.45 | 17.87 | 21.54 | 13.31 | 18.99 |
| Current Ratio | 16.18 | 19.59 | 18.84 | 22.54 | 14.10 | 19.86 |
| Return on Equity (ROE) | 7.05% | -0.26% | 3.63% | -6.30% | -12.54% | -8.42% |
| Return on Assets (ROA) | -0.10% | -0.90% | -2.90% | -4.25% | -5.00% | -6.23% |
| Return on Capital Employed (ROCE) | -0.20% | -1.50% | -4.80% | -7.30% | -9.10% | -12.30% |
| Earnings Yield | 5.68% | -0.94% | 5.35% | -9.25% | -17.51% | -26.96% |
| FCF Yield | 4.08% | 0.01% | 0.84% | -5.67% | -9.59% | -11.22% |
| Buyback Yield / Dilution | 1.58% | 0.54% | -1.21% | -1.06% | -1.77% | -5.35% |