v3.26.1
Condensed Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Net revenue, before excise taxes $ 58,965 $ 41,898
Excise taxes (13,755) (9,636)
Net revenue 45,210 32,262
Cost of sales 25,392 18,528
Inventory write-down 665 0
Gross profit 19,153 13,734
Operating expenses    
Sales and marketing 5,615 4,565
Research and development 1,413 793
General and administrative 11,736 9,309
Restructuring costs 484 555
Share-based compensation 1,313 2,088
Depreciation and amortization 425 496
Total operating expenses 20,986 17,806
Operating loss (1,833) (4,072)
Other income (expense)    
Interest income, net 8,853 9,665
Gain (loss) on revaluation of financial instruments (2,484) 49
Foreign currency gain 13,699 1,583
Change in allowance for credit loss on non-operating loan (106) 0
Other, net 10 43
Total other income 19,972 11,340
Income before income taxes 18,139 7,268
Income tax provision (benefit) 2,428 (455)
Net income 15,711 7,723
Net income attributable to non-controlling interest 1,959 1,601
Net income attributable to Cronos Group 13,752 6,122
Comprehensive income (loss)    
Net income 15,711 7,723
Other comprehensive loss    
Foreign exchange loss on translation (17,945) (3,082)
Comprehensive income (loss) (2,234) 4,641
Comprehensive income attributable to non-controlling interests 1,090 1,443
Comprehensive income (loss) attributable to Cronos Group $ (3,324) $ 3,198
Net income per share    
Basic net income per share attributable to Cronos Group (in dollars per share) $ 0.04 $ 0.02
Diluted net income per share attributable to Cronos Group (in dollars per share) $ 0.04 $ 0.02