Cresco Labs Reviews $164M in Q2 Earnings

[PRESS RELEASE] – CHICAGO, Aug. 7, 2025 – Cresco Labs Inc., the business chief in branded hashish merchandise with a portfolio of The united states’s hottest manufacturers and the operator of Sunnyside dispensaries, launched its monetary and working effects for the second one quarter ended June 30, 2025. All monetary knowledge introduced on this unlock is reported according to U.S. usually accredited accounting rules (GAAP) and in U.S. bucks, except another way indicated, and is to be had at the corporate’s investor web page, right here.

2nd Quarter 2025 Highlights

• 2nd quarter earnings of $164 million. 2nd quarter working coins drift of $9 million.
• Gross benefit of $83 million. Adjusted gross benefit¹ of $83 million; and an adjusted gross margin¹ of fifty.6% of earnings.
• SG&A of $51 million or 31.4% of earnings.
• Web lack of $14 million, which incorporates non-cash impairment fees of $9 million associated with California property being regarded as held on the market.
• 2nd quarter adjusted EBITDA¹ of $41 million and changed EBITDA margin¹ of 25%.
• Retained the No. 1 proportion place in a couple of billion-dollar markets.²

Control Statement

“In Q2, we delivered cast efficiency in step with steering, maintained our marketplace proportion in a extremely aggressive atmosphere, and endured to power coins drift via operational self-discipline. Crucially, we signed a dedication letter to refinance our debt with a brand new $325 million time period mortgage. This milestone reinforces our stability sheet, preserves our fairness price and creates monetary flexibility for years yet to come. The enhanced construction and phrases give us a more potent basis to execute towards each near-term priorities and long-term enlargement alternatives.

“The hashish business is getting into a brand new section, outlined by way of consolidation and clarification. We’re seeing extra alternatives for M&A in very productive states that will likely be incremental for Cresco. As up to now said, we’re going to be opportunistic whilst staying affected person and disciplined so we will be able to spend money on sustainable enlargement when the precise alternatives rise up. With our confirmed working type, targeted and productive footprint, and blank capital construction, we’re constructed for this second and are well-positioned to be a spouse of selection because the business consolidates.”

Stability Sheet, Liquidity, and Different Monetary Data

• As of June 30, 2025, present property had been $315 million, together with coins and coins equivalents of $147 million. The corporate had senior secured time period mortgage debt, web of cut price and issuance prices, of $354 million and a loan mortgage, web of cut price and issuance prices, of $18 million.
• General stocks on an absolutely transformed foundation to subordinate vote casting stocks had been 483,444,948 as of June 30, 2025.

A line-by-line breakdown of the corporate’s stability sheet is to be had right here.