Cronos (CRON) Operating Expenses (2019 - 2026)
Cronos' Operating Expenses came in at $21.05 million for Q2 2026, up 6.1% from $19.83 million a year earlier and up 0.3% from the prior quarter.
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Analysis
Cronos (CRON) Operating Expenses (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cronos reported Operating Expenses of $84.55 million, down 12.9% year-over-year; for FY2025, it was $80.15 million, down 21.2% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of -16.2% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $101.73 million in FY2024 (+5.2%), $96.71 million in FY2023 (-23.8%), $126.86 million in FY2022 (-53.8%) and $274.38 million in FY2021 (+41.8%).
- The five-year range for quarterly Operating Expenses is -$104.11 million (Q4 2021) to $55.68 million (Q3 2021).
- Year-over-year, Operating Expenses has increased for three consecutive quarters, with an average decline of 0.2% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2024 (growth of 44.8%), and the weakest in Q2 2022 (a decline of 89.4%).
- Business Quant data shows CRON's Operating Expenses at $20.99 million (Q1 2026), $23.69 million (Q4 2025) and $18.84 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 76.99 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 96.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.05 Mn |
| Mar 31, 2026 | 20.99 Mn |
| Dec 31, 2025 | 23.69 Mn |
| Sep 30, 2025 | 18.84 Mn |
| Jun 30, 2025 | 19.83 Mn |
| Mar 31, 2025 | 17.81 Mn |
| Dec 31, 2024 | 22.17 Mn |
| Sep 30, 2024 | 37.27 Mn |
| Jun 30, 2024 | 21.86 Mn |
| Mar 31, 2024 | 20.43 Mn |
| Dec 31, 2023 | 23.55 Mn |
| Sep 30, 2023 | 25.75 Mn |
| Jun 30, 2023 | 23.72 Mn |
| Mar 31, 2023 | 23.70 Mn |
| Dec 31, 2022 | 28.29 Mn |
| Sep 30, 2022 | 30.48 Mn |
| Jun 30, 2022 | 29.62 Mn |
| Mar 31, 2022 | 42.98 Mn |
| Dec 31, 2021 | -104.11 Mn |
| Sep 30, 2021 | 55.68 Mn |
API Access
Cronos Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CRON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CRON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CRON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();