Cronos Group Inc. filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the three and nine months ended September 30, 2026, reporting net revenue of $63,450 thousand for the third quarter.

Key Highlights

  • Net revenue of $63,450 thousand for Q3 2026, compared to $36,339 thousand in Q3 2025, according to the filing.
  • Gross profit of $32,283 thousand for Q3 2026, up from $18,332 thousand in the same period of 2025.
  • Operating income of $9,026 thousand for Q3 2026, compared to an operating loss of $503 thousand in Q3 2025.
  • Total assets of $1,198,009 thousand as of September 30, 2026, versus $1,197,140 thousand as of December 31, 2025.
  • Cash and cash equivalents of $411,191 thousand as of September 30, 2026, down from $791,794 thousand at December 31, 2025.
  • 366,471,299 common shares issued and outstanding as of November 2, 2026, per the filing.
  • Nine-month net revenue of $161,667 thousand for the period ended September 30, 2026, compared to $102,056 thousand for the same period in 2025.

Cronos Group's Third Quarter 2026 Financial Results and Balance Sheet Position

Cronos Group Inc. (NASDAQ:CRON), incorporated in British Columbia, Canada, reported net revenue of $63,450 thousand for the three months ended September 30, 2026, according to the filing. This compares to $36,339 thousand for the three months ended September 30, 2025. Net revenue before excise taxes was $83,904 thousand in Q3 2026, with excise taxes of $20,454 thousand deducted to arrive at the net revenue figure. For the nine-month period ended September 30, 2026, the company disclosed net revenue of $161,667 thousand, compared to $102,056 thousand for the nine months ended September 30, 2025.

The company disclosed cost of sales of $29,525 thousand and an inventory write-down of $1,642 thousand for Q3 2026, resulting in gross profit of $32,283 thousand. Total operating expenses for the quarter were $23,257 thousand, which included sales and marketing of $7,137 thousand, general and administrative costs of $12,000 thousand, share-based compensation of $2,310 thousand, and research and development of $1,336 thousand. The company reported operating income of $9,026 thousand for Q3 2026. Additional other income items included interest income, net, of $9,241 thousand and a foreign currency loss of $230 thousand for the quarter.

As of September 30, 2026, the company reported total assets of $1,198,009 thousand and total liabilities of $73,397 thousand, with total shareholders' equity of $1,124,612 thousand. Cash and cash equivalents stood at $411,191 thousand, while short-term investments totaled $329,983 thousand and non-current interest-bearing deposits were $95,629 thousand. Shares outstanding as of September 30, 2026 were 367,528,366, compared to 381,592,969 as of December 31, 2025. Retained earnings were $506,110 thousand as of September 30, 2026, up from $447,756 thousand at December 31, 2025.

What Was Disclosed

Cronos Group filed its Form 10-Q for the quarter ended September 30, 2026, disclosing revenue growth, a return to operating income, shifts in cash and investment balances, and a reduction in shares outstanding relative to December 31, 2025.