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MARKETS / BALCAO / CRLBF
BALCAO · MEDICINAL CHEMICALS & BOTANICAL PRODUCTS

Cresco Labs Inc. CRLBF

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$655.8M
▼ 9.5% YoY
$-135.4M
$37.8M
▼ 66.6% YoY
In brief

What this company does

Cresco is licensed to cultivate, manufacture and sell retail and medical cannabis products through Sunnyside, its national dispensary brand, and through wholesaling to third-party retail stores. Its portfolio includes over 500 unique products and over 6,600 unique stock-keeping-units, sold in nearly 1,400 dispensaries across the country. Cresco operates 73 dispensaries, as of March 5, 2026. Following the sale of its Sonoma's Finest cultivation facility and exit of the California market in the fourth quarter of 2025, the company realigned its operations into two operating segments, consolidated wholesale and consolidated retail. It operates or plans to operate ten cultivation facilities, totaling approximately 0.4 million square feet, across seven states: Illinois, Pennsylvania, Ohio, Kentucky, Massachusetts, Michigan and Florida. As of December 31, 2025, Cresco had approximately 2,900 employees across its operating jurisdictions, primarily employed in its cultivation, manufacturing and processing operations. The company began trading on the Canadian Securities Exchange under the ticker symbol "CL" on December 3, 2018.

Written from the business description in Cresco Labs Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth
USD 655.8M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 655.8 · Net income -135.4
400M-80M-160M202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−21 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.3% · Net -21.4%
5%10%-10%-20%202320242025
ROE
FY2025 · ROE -33.2%
-10%-20%-30%202320242025

Each USD of equity lost 33 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 37.8
40M80M202320242025

Total assetsUSD 1.2B
EquityUSD 340.4M
CashUSD 57.9M
Gross debtUSD 420.4M
Net debtUSD 362.5M
Current ratio2.59×

Net debt stands at 106% of equity.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023
Revenue $B0.70.70.8
Operating income $B−0.00.1−0.1
EBITDA $B0.00.2−0.0
Income tax $B0.00.00.0
Net income $B−0.1−0.1−0.2
Free cash flow $B0.00.10.0
EPS, diluted $−0.38−0.22−0.54
Dividend / sh $···
Payout %···
ROE %−33.2−15.2−34.7

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 15 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 80 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMedicinal Chemicals & Botanical Products
Listed onOTC market
Incorporated inoutside the United States — SEC code A1
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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