Cronos (CRON) Research & Development (2019 - 2026)
Cronos' Research & Development was $1.22 million in Q2 2026, up 30.8% from $929,000 a year earlier but down 14.0% from the prior quarter.
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Analysis
Cronos (CRON) Research & Development (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cronos' Research & Development was $5.36 million through Jun 30, 2026, up 34.1% year-over-year; for FY2025, it was $4.45 million, up 5.2% from FY2024.
- Research & Development shows a five-year compound annual growth rate of -26.2% (FY2020 to FY2025).
- In earlier years, Research & Development was $4.23 million in FY2024 (-27.6%), $5.84 million in FY2023 (-55.5%), $13.13 million in FY2022 (-39.9%) and $21.84 million in FY2021 (+7.2%).
- Quarterly Research & Development has moved between $793,000 (Q1 2025) and $6.47 million (Q3 2021) over five years.
- Compared with a year earlier, Research & Development has increased for four straight quarters, with growth averaging 12.3% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was Q1 2026 (growth of 78.2%); the worst was Q2 2023 (a decline of 73.6%).
- Per Business Quant data, CRON's Research & Development in the three quarters before Q2 2026 was $1.41 million (Q1 2026), $1.38 million (Q4 2025) and $1.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 | - |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | - |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -4.33 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | - |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 1.22 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.22 Mn |
| Mar 31, 2026 | 1.41 Mn |
| Dec 31, 2025 | 1.38 Mn |
| Sep 30, 2025 | 1.35 Mn |
| Jun 30, 2025 | 929,000.00 |
| Mar 31, 2025 | 793,000.00 |
| Dec 31, 2024 | 1.03 Mn |
| Sep 30, 2024 | 1.24 Mn |
| Jun 30, 2024 | 962,000.00 |
| Mar 31, 2024 | 997,000.00 |
| Dec 31, 2023 | 1.45 Mn |
| Sep 30, 2023 | 1.25 Mn |
| Jun 30, 2023 | 1.11 Mn |
| Mar 31, 2023 | 2.04 Mn |
| Dec 31, 2022 | 2.48 Mn |
| Sep 30, 2022 | 2.54 Mn |
| Jun 30, 2022 | 4.19 Mn |
| Mar 31, 2022 | 4.04 Mn |
| Dec 31, 2021 | 5.07 Mn |
| Sep 30, 2021 | 6.47 Mn |
API Access
Cronos Research & Development 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=research-and-development&ticker=CRON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=CRON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();