Cronos Beats Q3 2026 Estimates as Revenue Rises 131% to $83.9M

Cronos (CRON) beat estimates for the third quarter of 2026 on both revenue and EPS. Revenue was $83.9 million, up 131% from a year earlier, above the $51.1 million estimate, and EPS was $0.04, down 43% from a year earlier, above the $0.03 estimate.

Shares rose 5.1% in premarket trading as of 7:59 a.m. ET, to $3.69 from a $3.51 close.

Q3 2026 scorecard

By our calculation, revenue was $32.8 million above the estimate and EPS was $0.01 above it. The QoQ column compares with the previous quarter's revenue of $53.0 million and EPS of $0.09. The YoY column compares with $36.3 million and $0.07 in the same quarter a year earlier.

GAAP results

• Net income. The company reported net income of $13.8 million on a GAAP basis, compared with net income of $26.0 million a year earlier.

Track record

• EPS record. EPS beat the estimate in 6 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $36.3 million, $44.5 million, $45.2 million, $53.0 million and $83.9 million.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.04 and revenue of $63.3 million next quarter, based on 2 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 131% increase to $83.9 million.
• Estimate record. Whether Cronos extends a record of beating EPS estimates in 6 of its last 8 reports.
• Related coverage. See our reports on Vericel, Sempra, Steven Madden and Northwest Natural.

Sources: Results are from Cronos's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Cronos's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.