Cronos Group Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 6, 2026, covering the three and six months ended June 30, 2026.

Key Highlights

  • Net revenue of $53,007 thousand for Q2 2026, up from $33,455 thousand in Q2 2025, according to the filing.
  • Operating income of $7,404 thousand in Q2 2026, compared to an operating loss of $5,324 thousand in the same quarter a year earlier.
  • Six-month net revenue of $98,217 thousand for the first half of 2026, versus $65,717 thousand for the same period in 2025.
  • Cash and cash equivalents of $467,019 thousand as of June 30, 2026, down from $791,794 thousand as of December 31, 2025.
  • Short-term investments of $330,000 thousand as of June 30, 2026, compared to $40,000 thousand at December 31, 2025.
  • 368,412,864 common shares issued and outstanding as of August 3, 2026, per the filing.
  • Total assets of $1,179,860 thousand as of June 30, 2026, compared to $1,197,140 thousand at December 31, 2025.

Cronos Group Q2 2026: Revenue Growth and Return to Operating Profit

Cronos Group Inc. (NASDAQ: CRON) reported net revenue of $53,007 thousand for the three months ended June 30, 2026, an increase from $33,455 thousand in the prior-year quarter, according to the filing. Net revenue before excise taxes was $70,597 thousand in Q2 2026, versus $44,252 thousand in Q2 2025. Excise taxes were $17,590 thousand for the quarter. Gross profit reached $28,451 thousand for Q2 2026, compared to $14,504 thousand in Q2 2025. The company reported operating income of $7,404 thousand for the quarter, reversing an operating loss of $5,324 thousand in Q2 2025.

For the six months ended June 30, 2026, the filing disclosed net revenue of $98,217 thousand, up from $65,717 thousand in the first half of 2025. Operating income for the six-month period was $5,571 thousand, compared to an operating loss of $9,396 thousand for the same period in 2025. Total operating expenses for the six months were $42,033 thousand versus $37,634 thousand a year earlier, with general and administrative expenses of $22,539 thousand representing the largest component. Foreign currency gain of $33,918 thousand for the six months was a notable contributor to total other income of $48,282 thousand.

On the balance sheet as of June 30, 2026, the company reported total assets of $1,179,860 thousand and total liabilities of $62,415 thousand, leaving total shareholders' equity of $1,117,445 thousand. Cash and cash equivalents declined to $467,019 thousand from $791,794 thousand at year-end 2025, while short-term investments increased substantially to $330,000 thousand from $40,000 thousand. Shares outstanding as of June 30, 2026 were 370,726,047, down from 381,592,969 at December 31, 2025. The company is classified as an accelerated filer.

What Was Disclosed

Cronos Group filed its Form 10-Q for the quarter ended June 30, 2026, reporting higher net revenue, a return to operating income, and a shift in liquid assets from cash toward short-term investments, alongside a reduction in shares outstanding compared to year-end 2025.