earnings
confidence high
sentiment neutral
materiality 0.65
Cronos Q2 net revenue $33.5M (+21% YoY); adjusted EBITDA turns positive to $1.7M
Cronos Group Inc.
2025-Q2 EPS reported
-$0.09
revenue$65,717,000
- Net revenue $33.5M, up 21% YoY; adjusted gross margin improved to 43% from 23%.
- Adjusted EBITDA of $1.7M vs -$11.1M a year ago; net loss widened to $38.5M on FX loss.
- Record international and Israel revenue; PEACE NATURALS #1 cannabis brand in Israel.
- Cronos GrowCo expansion complete; sales expected in fall 2025; anti-dumping duty vetoed in Israel.
- Appointed Lloyd Wilson as principal accounting officer, replacing James McGinness.
item 2.02item 5.02item 9.01