Cronos swings to Q2 FY26 profit of $35.66 million; net revenue rises 58% to $53.01 million
CRON•Q2 FY26 results
- Cronos posted Q2 net revenue of USD 53.01 million, up 58% year over year, driven by higher flower sales in Israel and Germany.
- Net income swung to USD 35.66 million from a loss a year earlier, helped by higher gross profit and foreign-currency transaction gains.
- Gross profit climbed 96% to USD 28.45 million; gross margin widened 11 percentage points to 54%.
- Non-GAAP adjusted EBITDA rose to USD 13.09 million from USD 1.69 million.
- Management highlighted record Canada revenue with Spinach holding No. 1 share in vapes and edibles, while Germany demand lifted international results.
