Quarterly ResultMay 11, 2026, 07:37 AM
Cronos Group Q1 Net Income $13.75M; Revenue +40.1% to $45.21M
AI Summary
Cronos Group Inc. reported a significant increase in net income and revenue for the first quarter of 2026. Net income attributable to Cronos Group surged by 124.6% to $13.75 million, with net revenue growing 40.1% to $45.21 million. The company also saw a substantial improvement in cash flow from operating activities, moving from a net use of $2.10 million in Q1 2025 to a net provision of $10.90 million in Q1 2026, and repurchased $16.73 million in common stock.
Key Highlights
- Net income attributable to Cronos Group increased by 124.6% to $13.75 million.
- Net revenue grew by 40.1% to $45.21 million from $32.26 million year-over-year.
- Basic net income per share rose to $0.04 from $0.02 in the prior year.
- Net cash provided by operating activities was $10.90 million, compared to a $2.10 million use in Q1 2025.
- The company repurchased $16.73 million of common stock during the quarter.
- Cannabis flower revenue increased to $33.73 million from $23.34 million.
- Canada net revenue rose to $25.35 million, while Israel net revenue reached $14.15 million.
- Operating loss reduced to $1.83 million from $4.07 million year-over-year.
Price Impact
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