Cronos Group Logs 4Q Loss as Foreign Exchange Losses Drag

Dow Jones

Feb 26

By Adriano Marchese

Cronos Group swung to a loss in the fourth quarter as foreign exchange losses offset revenue growth.

The cannabis company on Thursday posted a net loss of $491,000, or zero cents a share, compared with a profit of $43.9 million, or 11 cents a share, in the comparable quarter a year ago.

According to FactSet, analysts were expecting a profit of 2 cents a share.

The shift was mainly the result of foreign-exchange losses this period, compared with gains a year earlier, though Cronos said stronger gross profit helped soften the impact.

Adjusted earnings before interest, taxes, depreciation and amortization was $456,000, compared with a loss of $7.2 million.

Net revenue rose to $44.5 million from $30.3 million, topping forecasts of a more modest rise to $38.7 million. The rise was thanks to higher cannabis flower sales in Israel and other countries, where there are no excise taxes, and higher cannabis flower and extract sales in the Canadian market.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 26, 2026 08:23 ET (13:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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