Filing Flows › Cronos Group (CRON) › Q2 2026
Cronos Group (CRON) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Cronos Group (CRON) reported revenue of $70.6M for the second quarter 2026 (Q2 2026), +60% from a year earlier and +20% from the quarter before. Operating margin was 10.5%, net earnings $32.1M (45.4% of revenue).
Cronos Group, Q2 2026: revenue $70.6M (+60% year over year), operating margin 10.5%, net earnings $32.1M, operating cash flow $24.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.6M | +20% | +60% |
| Gross profit | $28.5M | +49% | +96% |
| Operating profit | $7.4M | — | — |
| Net earnings | $32.1M | +133% | — |
| Operating cash flow | $24.0M | +120% | +752% |
| Free cash flow | $22.3M | +147% | — |
What changed
Revenue was $70.6M in Q2 2026, up 60% year over year and up 20% from the previous quarter. Cannabis flower was the largest line at 56% of revenue. Cannabis flower added $14.2M year over year (up 57%), 54% of the total change. Other declined 73%.
Gross margin was 40.3%, up 7.5 points from Q2 2025. Operating profit was $7.4M, a 10.5% margin (up 22.5 points year over year). Operating expenses grew 6% against revenue growth of 60%. The fastest-growing cost line was Research & development (+31%). Net earnings were $32.1M. The effective tax rate was 0.1%. Non-operating items added $28.3M, 79% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $24.0M (up 752% year over year), 67% of net income including minority interests. Non-cash charges added back $3.4M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $16.6M. Capital expenditures of $1.7M left free cash flow of $22.3M.
Questions
What was Cronos Group's revenue in the second quarter 2026?
Cronos Group (CRON) reported revenue of $70.6M for the second quarter 2026 (Q2 2026), +60% from a year earlier and +20% from the quarter before.
Was Cronos Group profitable in the second quarter 2026?
Operating profit was $7.4M (10.5% of revenue) and net earnings $32.1M.
Source: Cronos Group 10-Q on SEC EDGAR.