CRONOS GROUP INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $146.6M | $117.6M | $87.2M | $86.7M | $64.6M | $46.7M | $23.8M | $12.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $62.8M | $25.2M | $11.9M | $15.4M | $-17.6M | $-25.8M | $-17.6M | $6.2M |
| Gross Margin | 42.8% | 21.4% | 13.7% | 17.8% | -27.3% | -55.3% | -74.1% | 51.3% |
| Operating Expenses | ||||||||
| Research & Development | $4.4M | $4.2M | $5.8M | $13.1M | $21.8M | $20.4M | $12.2M | $1.8M |
| SG&A Expense | $42.0M | $46.5M | $49.5M | $67.7M | $90.9M | $80.6M | $81.5M | $13.3M |
| Operating Income | $-17.4M | $-76.5M | $-84.8M | $-111.4M | $-292.0M | $-219.4M | $-153.3M | $-20.4M |
| Operating Margin | -11.9% | -65.1% | -97.2% | -128.4% | -452.2% | -469.6% | -645.5% | -168.7% |
| Interest Expense | — | — | — | $13.0K | $27.0K | $186.0K | $1.2M | $139.0K |
| Pretax Income | $-17.1M | $36.6M | $-73.7M | $-121.0M | $-128.5M | $-73.3M | $1.17B | $-20.9M |
| Income Tax Expense | $-14.2M | $-3.4M | $-3.2M | $34.2M | $-431.0K | $1.3M | $0 | $0 |
| Net Income | $-9.4M | $41.1M | $-74.0M | $-168.7M | $-396.1M | $-73.1M | $1.17B | $-21.6M |
| Net Margin | -6.4% | 34.9% | -84.8% | -194.5% | -613.5% | -156.5% | 4,911.6% | -178.5% |
| EPS (Basic) | $-0.02 | $0.11 | $-0.19 | $-0.45 | $-1.07 | $-0.21 | $3.76 | $-0.12 |
| EPS (Diluted) | $-0.02 | $0.11 | $-0.19 | $-0.45 | $-1.07 | $-0.21 | $3.33 | $-0.12 |
| Shares Outstanding (Basic) | 383.5M | 382.1M | 381.0M | 377.0M | 370.4M | 351.6M | 310.1M | 172.3M |
| Shares Outstanding (Diluted) | 383.5M | 385.6M | 381.0M | 377.0M | 370.4M | 351.6M | 342.8M | 172.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |