Cronos Group Reports 2026 Third Quarter Results
Cronos Group posted record Q3 2026 net revenue of $63.5 million, up 75% year-over-year as reported and 73% on a constant-currency organic basis, with records across net revenue, gross profit, and Adjusted EBITDA. Adjusted EBITDA more than tripled to $17.1 million, gross margin expanded to 50.9%, and the company generated $69.2 million of operating cash flow in the first nine months of 2026 while holding $840.6 million in cash and investments. GAAP net income of $17.8 million was down from $28.3 million a year ago on lower other income and higher operating expenses.
Key figures
- Eps
- 0.04
- Revenue
- 63450000
- Revenue Yoy
- 75%
- Net income
- 17826000
- Gross margin
- 50.9%
- Gross profit
- 32283000
- Net income yoy
- -37%
- Adjusted ebitda
- 17076000
- Gross profit yoy
- 76%
- Operating income
- 9026000
- Q3 buyback spend
- 9400000
- Ytd buyback spend
- 42300000
- Israel revenue yoy
- 33%
- Nine month revenue
- 161667000
- Q3 shares repurchased
- 3200000
- Nine month revenue yoy
- 58%
- Spinach national share
- 6.3%
- Revenue constant currency
- 62735000
- Adjusted ebitda yoy change
- 201%
- Nine month adjusted ebitda
- 35243000
- Total cash and investments
- 840629000
- Other countries revenue yoy
- 614%
- Revenue constant currency yoy
- 73%
- Nine month operating cash flow
- 69244000
AI analysis
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