Cronos Q3 2026 revenue rises 75% to $63.5 million, but net income falls 37%
Cronos Group reported third-quarter 2026 results on November 5, 2026. Net revenue rose 75% year over year to $63.5 million and Adjusted EBITDA rose to $17.1 million, but net income fell 37% to $17.8 million, mainly due to lower other income, higher operating expenses and an income tax provision compared with a benefit a year earlier. For shareholders, sales and operating profit grew while bottom-line net income declined.
Key points
- Net revenue was $63.5 million in Q3 2026, up from $36.3 million in Q3 2025, a 75% increase.
- Gross profit was $32.3 million, up 76%, and Adjusted EBITDA was $17.1 million, up from $5.7 million.
- Net income was $17.8 million, down from $28.3 million in Q3 2025, a 37% decline.
- In Q3 2026 the company repurchased 3.2 million shares for $9.4 million; the CanAdelaar acquisition closed on October 15, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.