Cronos Group (CRON) Q3 FY2026 earnings: revenue $63 million, up 74.6% on the year
Cronos Group Inc. (CRON) reported revenue of $63 million for Q3 FY2026, the quarter ended 30 September 2026, up 74.6% on the same quarter a year earlier. Net income was $14 million, down 46.8% on the year, and diluted earnings per share $0.04. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$63 million
+74.6% on the year · +19.7% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
14.2%
-1.4% a year earlier
Q4 FY2024Q3 FY2026
Net income
$14 million
-46.8% on the year · -57.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.04
-42.9% on the year · -55.6% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Net revenue rose 75 percent: Net revenue was $63.5 million, up $27.1 million from Q3 2025, mainly on higher cannabis flower sales in Israel and other countries, specifically Germany, which carry no excise taxes.
Adjusted EBITDA rose to $17.1 million: Adjusted EBITDA was $17.1 million against $5.7 million a year earlier. Management attributed the improvement mainly to higher gross profit, partly offset by higher sales and marketing and general and administrative costs.
Israel record quarter, PEACE NATURALS leads: Cronos Israel reported its eleventh consecutive quarter of record net revenue, with Israel revenue of $15.1 million, up 33 percent (19 percent at constant currency). PEACE NATURALS is described as the leading cannabis brand in the country.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
34.3
24.0
13.3
+43.0%
+158.0%
Capital expenditure
9.9
1.7
4.5
+472.1%
+121.9%
Free cash flow
24.4
22.3
8.8
+9.5%
+176.3%
Free cash flow margin
38.4%
42.0%
24.3%
Cash from investing
-75.6
-358
-23.0
Cash from financing
-9.4
-20.9
-1.9
Depreciation and amortisation
0.4
0.4
0.4
-5.3%
+1.4%
Share-based compensation
2.3
1.6
2.3
+48.4%
-1.0%
Buybacks
9.4
16.1
1.9
-41.7%
+406.2%
Diluted shares, weighted
371m
375m
385m
-1.2%
-3.7%
Shares outstanding at period end
368m
371m
383m
-0.9%
-4.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,072
1,069
1,083
+0.3%
-1.0%
Non-controlling interest
52.7
48.8
49.5
+8.0%
+6.3%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.9
1.1
1.2
-19.5%
-21.8%
Other liabilities
72.5
61.3
45.2
+18.3%
+60.4%
Total liabilities and equity
1,198
1,180
1,178
+1.5%
+1.7%
Fixed assets
144
142
146
+1.8%
-1.0%
Goodwill
64.0
64.1
65.4
-0.3%
-2.2%
Intangible assets
7.7
8.1
9.8
-4.9%
-22.1%
Investments
330
330
40.0
-0.0%
+725.0%
Cash and equivalents
411
467
784
-12.0%
-47.6%
Receivables
44.2
36.7
27.1
+20.4%
+63.3%
Inventory
54.5
52.7
48.2
+3.5%
+13.2%
Other assets
142
79.7
58.2
+78.7%
+144.6%
Total assets
1,198
1,180
1,178
+1.5%
+1.7%
Questions
What was Cronos Group's revenue in Q3 FY2026?
Cronos Group (CRON) reported revenue of $63 million for Q3 FY2026, the quarter ended 30 September 2026, up 74.6% on the same quarter a year earlier.
How much did Cronos Group earn in Q3 FY2026?
Net income for Q3 FY2026 was $14 million, down 46.8% on the year, and diluted earnings per share $0.04.
When did Cronos Group report Q3 FY2026 results?
Cronos Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.