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How Cronos Group (CRON) makes money
Cronos Group (CRON) made $83.9M of revenue in the third quarter 2026 (Q3 2026), +72% from a year earlier. Cannabis flower brought in $48.0M (57%); Other revenues brought in $20.5M (24%); Cannabis extracts brought in $15.5M (18%). Of every dollar of revenue, 38¢ was left as gross profit, 11¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Cannabis flower | $48.0M | 57.2% | +22% | +82% |
| Other revenues | $20.5M | 24.4% | +16% | +64% |
| Cannabis extracts | $15.5M | 18.4% | +12% | +55% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $83.9M | 100.0% |
| Cost of revenue | $51.6M | 61.5% |
| Gross profit | $32.3M | 38.5% |
| Operating expenses | $23.3M | 27.7% |
| Operating profit | $9.0M | 10.8% |
| Income tax | $898K | 1.1% |
| Net earnings | $13.8M | 16.5% |
| Operating cash flow | $34.3M | 40.9% |
| Free cash flow | $24.4M | 29.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $83.9M | +72% |
| Q2 2026 | $70.6M | +60% |
| Q1 2026 | $59.0M | +41% |
| Q4 2025 | $58.4M | +42% |
| Q3 2025 | $48.8M | +5% |
| Q2 2025 | $44.3M | +14% |
| Q1 2025 | $41.9M | +18% |
From Cronos Group's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Cronos Group make money?
Cronos Group (CRON) made $83.9M of revenue in the third quarter 2026 (Q3 2026), +72% from a year earlier. Cannabis flower brought in $48.0M (57%); Other revenues brought in $20.5M (24%); Cannabis extracts brought in $15.5M (18%). Of every dollar of revenue, 38¢ was left as gross profit, 11¢ was left as operating profit, 16¢ was left as net earnings.
What is Cronos Group's biggest business?
Cannabis flower: $48.0M in the third quarter 2026, 57% of revenue, +82% from a year earlier.
What is Cronos Group's profit margin?
Net earnings were $13.8M, 16.5% of revenue, in the third quarter 2026; the operating margin was 10.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.