Filing Flows › Cronos Group (CRON) › Q3 2026
Cronos Group (CRON) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Cronos Group (CRON) reported revenue of $83.9M for the third quarter 2026 (Q3 2026), +72% from a year earlier and +19% from the quarter before. Operating margin was 10.8%, net earnings $13.8M (16.5% of revenue).
Cronos Group, Q3 2026: revenue $83.9M (+72% year over year), operating margin 10.8%, net earnings $13.8M, operating cash flow $34.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.9M | +19% | +72% |
| Gross profit | $32.3M | +13% | +76% |
| Operating profit | $9.0M | +22% | — |
| Net earnings | $13.8M | -57% | -47% |
| Operating cash flow | $34.3M | +43% | +158% |
| Free cash flow | $24.4M | +10% | +176% |
What changed
Revenue was $83.9M in Q3 2026, up 72% year over year and up 19% from the previous quarter. Cannabis flower was the largest line at 57% of revenue. Cannabis flower added $21.6M year over year (up 82%), 62% of the total change.
Gross margin was 38.5%, up 0.9 points from Q3 2025. Operating profit was $9.0M, a 10.8% margin (up 11.8 points year over year). Operating expenses grew 23% against revenue growth of 72%. The fastest-growing cost line was Sales & marketing (+35%). Net earnings were $13.8M, down 47% year over year. The effective tax rate was 4.8%. Non-operating items added $9.7M, 52% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $34.3M (up 158% year over year), 193% of net income including minority interests. Non-cash charges added back $4.7M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $9.5M. Capital expenditures of $9.9M left free cash flow of $24.4M.
Questions
What was Cronos Group's revenue in the third quarter 2026?
Cronos Group (CRON) reported revenue of $83.9M for the third quarter 2026 (Q3 2026), +72% from a year earlier and +19% from the quarter before.
Was Cronos Group profitable in the third quarter 2026?
Operating profit was $9.0M (10.8% of revenue) and net earnings $13.8M.
Source: Cronos Group 10-Q on SEC EDGAR.