Cresco Labs Reports $165M in Q3 Revenue; Net Loss of $22M | How to order Skittles Moonrock online

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[PRESS RELEASE] – CHICAGO, Nov. 5, 2025 – Cresco Labs Inc., the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, released its financial and operating results for the third quarter ended Sept. 30, 2025. All financial information presented in this release is reported in accordance with U.S. generally accepted accounting principles (GAAP) and in U.S. dollars, unless otherwise indicated, and is available on the company’s investor website, here.

Third Quarter 2025 Highlights

• Third quarter revenue of $165 million. Third quarter operating cash flow of $6 million.
• Gross profit of $79 million. Adjusted gross profit¹ of $80 million; and an adjusted gross margin¹ of 48.8%.
• SG&A of $52 million or 31.3% of revenue.
• Net loss of $22 million, which includes a $16 million loss for debt extinguishment related to the refinancing of the company’s senior secured term loan, and non-cash impairment charges of $2 million related to California assets being considered held for sale.
• Third quarter adjusted EBITDA¹ of $40 million and adjusted EBITDA margin¹ of 24.1%.
• Retained the No. 1 share position in multiple billion-dollar markets.²

Management Commentary

“In Q3, we refinanced our debt and strengthened our balance sheet while delivering solid results and maintaining leadership across key markets through disciplined execution. Our proven retail and wholesale capabilities continue to drive profitability, while new dispensaries in Ohio, expansion into Kentucky, and our upcoming product launch in Germany are unlocking compelling avenues for growth. Together, these initiatives position Cresco Labs to outperform the market and create lasting shareholder value.