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Cronos Group

CRON

Cronos Group is an innovative global cannabinoid company focused on advancing cannabis research, technology, and product development.

Market cap
$1.21B+22.7%
Revenue$179.1M+37.5%
Net income$70.0M+278%
Free cash flow$49.8M+652%
EPS (diluted)$0.19+217%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$49.5M
EPS estimate$0.03

Financials

Q2 2026

Income statement

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Revenue$53.0M+58.4%
Gross profit$28.5M+96.2%
Operating income$7.4M+239%
Net income$32.1M+181%
EPS (diluted)$0.09+190%

Balance sheet

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Cash & equivalents$467.0M-41.2%
Total debt$1.3M-35.6%
Total equity$1.1B-1.3%
Total assets$1.2B+0.4%

Cash flow

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Operating cash flow$24.0M+752%
CapEx$1.7M-54.7%
Free cash flow$22.3M+2,286%

Valuation & ratios

Valuation

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Market cap$1.21B+22.7%
Enterprise value$746.35M+282%
P/E17.3×-36.1×
P/S6.8×-0.8×

Profitability

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Gross margin45.9%+13.1pp
Operating margin-1.4%-0.7pp
Net margin39.1%+24.9pp
FCF margin27.8%+23.2pp

Returns & leverage

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Return on equity6.5%+4.8pp
Debt / equity0.0×
Current ratio16.2×-8.5×

Segments

By product

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Cannabis flower$39.2M+56.7%
Cannabis extracts$13.8M+64.8%

Competitors

Profile

Cronos Group is an innovative global cannabinoid company focused on advancing cannabis research, technology, and product development. The company builds and manages a diverse portfolio of international brands across adult-use and medical markets. Its core value proposition centers on creating disruptive intellectual property and maintaining a global distribution network to responsibly elevate the consumer experience.

Competitive position

Cronos is a well-capitalized global player supported by a strategic investment from Altria, focusing on premium brand differentiation and IP-driven product innovation.

GeographiesCanada, Israel, Germany, United Kingdom, Australia, Switzerland
Customer segmentsGovernment Agencies, Medical Patients, Retail Consumers
Business modelManufacturing, Wholesale, Licensing and IP, Direct-to-Patient
SuppliersAgricultural inputs, Greenhouse infrastructure, Laboratory testing services, Third-party cannabis flower suppliers
CustomersOntario Cannabis Retail Corporation, Alberta Gaming, Liquor and Cannabis Commission, Medical pharmacies, Private cannabis retailers
CountryCanada
Listed2016
Employees356.0
CEOMichael Ryan Gorenstein
FilingsSEC EDGAR

FAQ

What is Cronos Group's market cap?
Cronos Group (CRON) has a market capitalization of $1.2B and trades on NASDAQ.
What is Cronos Group's revenue and profitability?
Cronos Group generated $179.1M in trailing twelve-month revenue with net income of $70.0M, representing a net margin of 39.1%. Gross margin stands at 45.9%, with free cash flow of $49.8M. The latest reported period is Q2 2026.
Who are Cronos Group's competitors?
Cronos Group's key competitors include Canopy Growth Corporation, Tilray Brands, Inc., Aurora Cannabis Inc., and others. These companies compete in similar markets and product categories.
Who does Cronos Group partner with?
Cronos Group's notable partners include Altria Group, Inc., Cansativa, Ginkgo Bioworks Holdings, Inc., and others.
What subsidiaries does Cronos Group have?
Cronos Group's subsidiaries include Peace Naturals Project Inc., Cronos GrowCo, Cronos Israel.
Where is Cronos Group headquartered?
Cronos Group is headquartered in Canada and employs approximately 356 people. It has been publicly traded since 2016.