Filing Flows › Cronos Group (CRON) › Q1 2026
Cronos Group (CRON) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Cronos Group (CRON) reported revenue of $59.0M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +1% from the quarter before. Operating margin was -3.1%, net earnings $15.7M (26.6% of revenue).
Cronos Group, Q1 2026: revenue $59.0M (+41% year over year), operating margin -3.1%, net earnings $15.7M, operating cash flow $10.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.0M | +1% | +41% |
| Operating profit | −$1.8M | — | — |
| Net earnings | $15.7M | — | +103% |
| Operating cash flow | $10.9M | -8% | — |
| Free cash flow | $9.0M | -7% | — |
What changed
Revenue was $59.0M in Q1 2026, up 41% year over year and up 1% from the previous quarter. Cannabis flower was the largest line at 57% of revenue. Cannabis flower added $10.4M year over year (up 45%), 61% of the total change. Other declined 94%.
Gross margin was 32.5%, down 0.3 points from Q1 2025. Operating costs exceeded revenue by $1.8M, an operating margin of -3.1%. Operating expenses grew 18% against revenue growth of 41%. The fastest-growing cost line was Research & development (+78%). Net earnings were $13.8M, up 125% year over year. The effective tax rate was 13.4%. Non-operating items added $20.0M, 110% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.9M, 69% of net income including minority interests. Non-cash charges added back $3.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $9.9M. Capital expenditures of $1.9M left free cash flow of $9.0M.
Questions
What was Cronos Group's revenue in the first quarter 2026?
Cronos Group (CRON) reported revenue of $59.0M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +1% from the quarter before.
Was Cronos Group profitable in the first quarter 2026?
Operating loss was $1.8M (-3.1% of revenue) and net earnings $15.7M.
Source: Cronos Group 10-Q on SEC EDGAR.