Filing Flows › Cronos Group (CRON) › Q4 2025
Cronos Group (CRON) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Cronos Group (CRON) reported revenue of $58.4M for the fourth quarter 2025 (Q4 2025), +42% from a year earlier and +20% from the quarter before. Operating margin was -12.8%, net loss $491K (0.8% of revenue).
Cronos Group, Q4 2025: revenue $58.4M (+42% year over year), operating margin -12.8%, net loss $491K, operating cash flow $11.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.4M | +20% | +42% |
| Operating profit | −$7.5M | — | — |
| Net earnings | −$491K | -102% | — |
| Operating cash flow | $11.8M | -11% | +53% |
| Free cash flow | $9.7M | +10% | +132% |
What changed
Revenue was $58.4M in Q4 2025, up 42% year over year and up 20% from the previous quarter. Cannabis flower was the largest line at 58% of revenue.
Gross margin was 27.7%, up 1.5 points from a year earlier. Operating costs exceeded revenue by $7.5M, an operating margin of -12.8%. Operating expenses grew 7% against revenue growth of 42%. The fastest-growing cost line was Research & development (+34%). The quarter ended with a net loss of $491K, after a profit of $28.3M the previous quarter. Net interest and other expense of $4.9M was the main reason.
Operating cash flow was $11.8M (up 53% year over year). Non-cash charges added back $3.7M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $7.4M. Capital expenditures of $2.1M left free cash flow of $9.7M.
Questions
What was Cronos Group's revenue in the fourth quarter 2025?
Cronos Group (CRON) reported revenue of $58.4M for the fourth quarter 2025 (Q4 2025), +42% from a year earlier and +20% from the quarter before.
Was Cronos Group profitable in the fourth quarter 2025?
Operating loss was $7.5M (-12.8% of revenue) and net loss $491K.
Source: Cronos Group 10-K on SEC EDGAR.