Cresco Labs (CRLBF) Operating Expenses (2020 - 2026)

Cresco Labs (CRLBF) posted Operating Expenses of $64.3 million for Q1 2026, down 59.54% on a QoQ basis from $158.9 million in Q4 2025, and down 1.18% year-over-year from $65.0 million in Q1 2025.

Cresco Labs (CRLBF) Operating Expenses (2020 - 2026) Analysis & Trends

Cresco Labs' Operating Expenses history runs 7 years deep, the most recent figure standing at $64.3 million for Q1 2026.

  • Quarterly Operating Expenses fell 1.18% year-over-year to $64.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $351.8 million (up 35.74% YoY) and the FY2025 annual result came in at $352.6 million, up 37.09% from the prior year.
  • Operating Expenses was $64.3 million for Q1 2026 at Cresco Labs, down from $158.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $231.2 million in Q4 2022 and bottomed at $61.5 million in Q3 2025.
  • A 5-year average of $95.0 million and a median of $69.0 million in 2023 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses tumbled 71.98% — and 2025, when it surged 145.85%.
  • Cresco Labs' Operating Expenses stood at $231.2 million in 2022, then slumped by 70.13% to $69.0 million in 2023, then declined by 6.41% to $64.6 million in 2024, then jumped by 145.85% to $158.9 million in 2025, then plunged by 59.54% to $64.3 million in 2026.
  • Business Quant data shows CRLBF's Operating Expenses at $64.3 million in Q1 2026, $158.9 million in Q4 2025, and $61.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 455.70 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 494.00 Mn
10 Cresco Labs 247.68 Mn 184.10 Mn 75.45 Mn 64.28 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 64.28 Mn
Dec 31, 2025 158.87 Mn
Sep 30, 2025 61.53 Mn
Jun 30, 2025 67.12 Mn
Mar 31, 2025 65.04 Mn
Dec 31, 2024 64.62 Mn
Sep 30, 2024 67.10 Mn
Jun 30, 2024 62.40 Mn
Mar 31, 2024 63.05 Mn
Dec 31, 2023 69.05 Mn
Sep 30, 2023 201.40 Mn
Jun 30, 2023 97.45 Mn
Mar 31, 2023 82.29 Mn
Dec 31, 2022 231.18 Mn
Sep 30, 2022 82.87 Mn
Jun 30, 2022 90.15 Mn
Mar 31, 2022 87.11 Mn
Dec 31, 2021 94.47 Mn
Sep 30, 2021 295.79 Mn
Jun 30, 2021 86.11 Mn