Filing Flows › Cronos Group (CRON) › Q2 2025
Cronos Group (CRON) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Cronos Group (CRON) reported revenue of $44.3M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +6% from the quarter before. Operating margin was -12.0%, net loss $38.5M (87.0% of revenue).
Cronos Group, Q2 2025: revenue $44.3M (+14% year over year), operating margin -12.0%, net loss $38.5M, operating cash flow $2.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.3M | +6% | +14% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$38.5M | -598% | — |
| Operating cash flow | $2.8M | — | +62% |
What changed
Revenue was $44.3M in Q2 2025, up 14% year over year and up 6% from the previous quarter. Cannabis flower was the largest line at 57% of revenue. Cannabis flower added $4.4M year over year (up 21%), 78% of the total change.
Gross margin was 32.8%, up 16.5 points from a year earlier. Operating costs exceeded revenue by $5.3M, an operating margin of -12.0%. Operating expenses fell 9% while revenue rose 14%. The fastest-growing cost line was Sales & marketing (+23%). The quarter ended with a net loss of $38.5M, after a profit of $7.7M the previous quarter. Net interest and other expense of $33.7M was the main reason.
Operating cash flow was $2.8M (up 62% year over year). Non-cash charges added back $4.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $35.7M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Cronos Group's revenue in the second quarter 2025?
Cronos Group (CRON) reported revenue of $44.3M for the second quarter 2025 (Q2 2025), +14% from a year earlier and +6% from the quarter before.
Was Cronos Group profitable in the second quarter 2025?
Operating loss was $5.3M (-12.0% of revenue) and net loss $38.5M.
Source: Cronos Group 10-Q on SEC EDGAR.