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Cronos Group (CRON) investor relations material
Cronos Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Achieved record consolidated net revenue, gross profit, and Adjusted EBITDA in Q3 2025, driven by strong demand in Israel and robust performance in Canadian edibles and vapes, alongside continued cost discipline.
Net revenue for Q3 2025 was $36.3M, up 6% year-over-year, led by higher cannabis flower sales in Israel and increased extract sales in Canada, partially offset by lower Canadian flower sales.
Completed phase two expansion at GrowCo/Cronos GrowCo, unlocking additional flower capacity for future growth, with sales commencing in fall 2025.
Maintained leading market positions with Spinach and Lord Jones brands in Canada and Peace Naturals in Israel.
Financial highlights
Q3 2025 net revenue was $36.3M, up 6% year-over-year and 9% quarter-over-quarter, with nine-month revenue at $102.1M, up 17% year-over-year.
Gross profit reached $18.3M (50% margin), a 408% increase and a 19 percentage point improvement from Q3 2024.
Adjusted EBITDA was $5.7M, an $11.7M year-over-year improvement, with operating expenses, excluding certain costs, declining by $4.3M year-over-year.
Net income for Q3 2025 was $28.3M, up from $7.3M in Q3 2024.
Cash and cash equivalents plus short-term investments totaled $824M as of September 30, 2025.
Outlook and guidance
Positioned for growth in 2026 as GrowCo expansion ramps up and supply constraints ease.
Second half 2025 net revenue for international markets (excluding Israel) anticipated to be similar to first half due to shipment timing.
Margin improvements expected as new capacity is absorbed and production efficiencies increase.
Sufficient liquidity is expected to fund operations and capital expenditures for the next twelve months.
Financial strength and strategic flexibility support continued global expansion and innovation.
GrowCo 70% capacity: When fully realized?
Germany regulatory changes: Impact on strategy?
Cash burn rate sustainability?
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Next Cronos Group earnings date
Q4 202527 Feb, 2026
Next Cronos Group earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Cronos Group Inc. is a Canada-based company focused on the production and distribution of cannabis products. The company engages in the cultivation, manufacturing, and marketing of cannabis and hemp-derived products for medical and adult-use markets. Its portfolio includes dried flower, oils, edibles, and other cannabinoid-based products. Cronos Group operates through multiple brands and partnerships to serve domestic and international markets. Cronos Group Inc. is headquartered in Toronto, Canada, and its shares are listed on the NASDAQ and TSX.
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