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Cronos Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$24.4M in Q3 2026 · $65.4M over twelve months

Operating cash flow$34.3M
Capital spending−$9.9M
Free cash flow+$24.4M
Cash / net income1.9×

Analysis

In Q3 2026, Cronos Group generated $34.3M of operating cash flow and spent $9.9M on capital projects, leaving free cash flow of $24.4M. That is $15.6M more than in Q3 2025 ($8.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $81.1M; the largest uses were other investing ($377M), buybacks ($46.5M), capital spending ($15.7M); the cash balance fell by $369M.

Operating cash flow was $34.3M against net income of $17.8M — 1.9× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$9.9M, receivables −$8.1M, depreciation & amortization +$4.7M.

Free cash flow

Cronos Group: free cash flow by quarterCronos Group: free cash flow by quarter$4.2MQ4 2024−$17.4MQ1 2025−$1.0MQ2 2025$8.8MQ3 2025$9.7MQ4 2025$9.0MQ1 2026$22.3MQ2 2026$24.4MQ3 2026
Operating cash flow less capital spending.
Cronos Group: operating cash flow against capital spendingCronos Group: operating cash flow against capital spendingOperating cash flowCapital spending$7.7M$3.5MQ4 2024−$2.1M$15.3MQ1 2025$2.8M$3.8MQ2 2025$13.3M$4.5MQ3 2025$11.8M$2.1MQ4 2025$10.9M$1.9MQ1 2026$24.0M$1.7MQ2 2026$34.3M$9.9MQ3 2026
Latest (Q3 2026): Operating cash flow $34.3M, Capital spending $9.9M.

Capital allocation, year by year

Cronos Group: where the cash came from (up) and went (down), by fiscal yearCronos Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowAsset salesCapital spendingBuybacksFY2021: Operating cash flow −$154MFY2021: Asset sales $2.8MFY2021: Capital spending −$11.1M$2.8MFY2021FY2022: Operating cash flow −$88.9MFY2022: Capital spending −$3.5MFY2022FY2023: Operating cash flow −$42.8MFY2023: Capital spending −$2.5MFY2023FY2024: Operating cash flow $18.8MFY2024: Capital spending −$12.4M$18.8MFY2024FY2025: Operating cash flow $25.9MFY2025: Asset sales $2.8MFY2025: Capital spending −$25.7MFY2025: Buybacks −$9.7M$28.7MFY2025
Over these 5 years operating cash flow totalled −$241M; the largest uses were operating cash flow ($285M) and capital spending ($55.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$741M
Debtnone
Net cash$741M

Cronos Group funds itself: free cash flow was $65.4M over the last twelve months, with $741M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Cronos Group: sources (+) and uses (−) of cash, Q3 2026Cronos Group: sources (+) and uses (−) of cash, Q3 2026Other investing−$65.7MCash drawn (+) / kept (−)$52.0MOperating cash flow$34.3MCapital spending−$9.9MBuybacks−$9.4MExchange rates−$1.3MTaxes on employees’ shares−$11K
Cronos Group: sources (+) and uses (−) of cash, TTM to Q3 2026Cronos Group: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$377MCash drawn (+) / kept (−)$369MOperating cash flow$81.1MBuybacks−$46.5MCapital spending−$15.7MPartners−$6.3MTaxes on employees’ shares−$2.6MExchange rates−$1.1MOther financing−$577K

From profit to cash

Cronos Group: net income to operating cash flow, Q3 2026Cronos Group: net income to operating cash flow, Q3 2026Net income$17.8MDepreciation & amortization$4.7MStock-based pay$2.3MGains on investments−$918KOther non-cash−$2.3MReceivables−$8.1MInventory−$3.1MPayables$1.3MAccrued liabilities$9.9MPrepaid and other assets−$1.0MIncome taxes payable$2.5MOperating cash flow$34.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksCash drawn (+) / kept (−)Free cash flow
Q3 2026$34.3M−$9.9M−$9.4M$52.0M$24.4M
Q2 2026$24.0M−$1.7M−$16.1M$355M$22.3M
Q1 2026$10.9M−$1.9M−$16.7M−$30.1M$9.0M
Q4 2025$11.8M−$2.1M−$4.3M−$7.6M$9.7M
Q3 2025$13.3M−$4.5M−$1.9M$10.2M$8.8M
Q2 2025$2.8M−$3.8M−$3.6M$3.4M−$1.0M
Q1 2025−$2.1M−$15.3M—$61.0M−$17.4M
Q4 2024$7.7M−$3.5M—$3.2M$4.2M

Cronos Group: income statement and cash flow

Cronos Group, Q3 2026: revenue $83.9M (+72% year over year), operating margin 10.8%. The chart follows the revenue to costs, profit and cash.

Cronos Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.