Filing Flows › Cronos Group (CRON) › Q1 2025
Cronos Group (CRON) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Cronos Group (CRON) reported revenue of $41.9M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +2% from the quarter before. Operating margin was -9.7%, net earnings $7.7M (18.4% of revenue).
Cronos Group, Q1 2025: revenue $41.9M (+18% year over year), operating margin -9.7%, net earnings $7.7M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.9M | +2% | +18% |
| Operating profit | −$4.1M | — | — |
| Net earnings | $7.7M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $41.9M in Q1 2025, up 18% year over year and up 2% from the previous quarter. Cannabis flower was the largest line at 56% of revenue. Cannabis flower added $5.8M year over year (up 33%), 89% of the total change.
Gross margin was 32.8%, up 20.1 points from a year earlier. Operating costs exceeded revenue by $4.1M, an operating margin of -9.7%. Operating expenses fell 13% while revenue rose 18%. Net earnings were $6.1M. The effective tax rate was -6.3%. Non-operating items added $11.3M, 156% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.1M. Non-cash charges added back $2.8M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $14.7M. Capital expenditures of $15.3M exceeded it, leaving free cash flow of −$17.4M.
Questions
What was Cronos Group's revenue in the first quarter 2025?
Cronos Group (CRON) reported revenue of $41.9M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +2% from the quarter before.
Was Cronos Group profitable in the first quarter 2025?
Operating loss was $4.1M (-9.7% of revenue) and net earnings $7.7M.
Source: Cronos Group 10-Q on SEC EDGAR.