Income Statement (TTM)
Cresco Labs Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 345 | 463 | 573 | 687 | 750 | 806 | 841 | 848 | 842 | 825 | 806 | 786 | 767 | 756 | 747 | 735 | 726 | 716 | 697 | 677 |
| Change (%) | 34.14 | 23.75 | 19.82 | 9.29 | 7.36 | 4.34 | 0.92 | -0.75 | -2.03 | -2.30 | -2.43 | -2.48 | -1.41 | -1.16 | -1.67 | -1.15 | -1.46 | -2.58 | -2.86 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 209 | 253 | 303 | 337 | 363 | 376 | 392 | 398 | 402 | 430 | 414 | 443 | 428 | 409 | 392 | 371 | 360 | 360 | 355 | 346 |
| Change (%) | 20.75 | 19.99 | 11.16 | 7.87 | 3.42 | 4.15 | 1.54 | 1.05 | 7.10 | -3.82 | 7.00 | -3.26 | -4.62 | -3.98 | -5.51 | -2.85 | -0.06 | -1.38 | -2.59 | |
| % of Revenue | 60.61 | 54.55 | 52.90 | 49.07 | 48.43 | 46.66 | 46.57 | 46.86 | 47.70 | 52.15 | 51.34 | 56.30 | 55.85 | 54.03 | 52.50 | 50.44 | 49.58 | 50.28 | 50.90 | 51.04 |
| Gross Operating Profit | 136 | 210 | 270 | 350 | 387 | 430 | 449 | 451 | 440 | 395 | 392 | 361 | 356 | 348 | 355 | 364 | 366 | 356 | 342 | 332 |
| Change (%) | 54.75 | 28.27 | 29.56 | 10.66 | 11.06 | 4.51 | 0.38 | -2.33 | -10.36 | -0.64 | -7.86 | -1.40 | -2.46 | 2.14 | 2.58 | 0.58 | -2.84 | -3.79 | -3.14 | |
| % of Revenue | 39.39 | 45.45 | 47.10 | 50.93 | 51.57 | 53.34 | 53.43 | 53.14 | 52.30 | 47.85 | 48.66 | 45.96 | 46.46 | 45.97 | 47.50 | 49.56 | 50.42 | 49.72 | 49.10 | 48.96 |
| SG&A | 163 | 199 | 215 | 246 | 276 | 276 | 292 | 295 | 295 | 310 | 307 | 296 | 284 | 257 | 239 | 226 | 220 | 222 | 225 | 221 |
| Change (%) | 21.99 | 8.29 | 14.15 | 12.49 | -0.08 | 5.86 | 0.88 | 0.07 | 5.05 | -1.03 | -3.52 | -4.00 | -9.36 | -7.30 | -5.33 | -2.50 | 0.84 | 1.06 | -1.34 | |
| % of Revenue | 47.17 | 42.90 | 37.54 | 35.76 | 36.81 | 34.26 | 34.76 | 34.74 | 35.03 | 37.56 | 38.05 | 37.63 | 37.04 | 34.05 | 31.94 | 30.75 | 30.33 | 31.04 | 32.20 | 32.70 |
| R&D | ||||||||||||||||||||
| Change (%) | ||||||||||||||||||||
| % of Revenue | ||||||||||||||||||||
| OpEx | 386 | 482 | 548 | 620 | 674 | 690 | 720 | 720 | 732 | 761 | 759 | 758 | 733 | 691 | 657 | 623 | 607 | 604 | 601 | 588 |
| Change (%) | 24.63 | 13.89 | 12.97 | 8.79 | 2.28 | 4.45 | 0.02 | 1.58 | 3.96 | -0.29 | -0.11 | -3.26 | -5.78 | -4.91 | -5.10 | -2.64 | -0.48 | -0.48 | -2.16 | |
| % of Revenue | 111.93 | 103.99 | 95.71 | 90.24 | 89.83 | 85.58 | 85.67 | 84.91 | 86.90 | 92.21 | 94.12 | 96.35 | 95.58 | 91.33 | 87.87 | 84.80 | 83.53 | 84.36 | 86.18 | 86.80 |
| Operating Income | -41 | -18 | 25 | 67 | 76 | 116 | 120 | 128 | 110 | 64 | 47 | 30 | 34 | 66 | 91 | 112 | 120 | 112 | 96 | 89 |
| Change (%) | -55.10 | -232.86 | 172.69 | 13.93 | 52.19 | 3.71 | 6.28 | -13.87 | -41.76 | -26.18 | -37.22 | 13.96 | 93.15 | 38.30 | 23.22 | 7.16 | -6.44 | -13.91 | -7.24 | |
| % of Revenue | -11.93 | -3.99 | 4.29 | 9.76 | 10.17 | 14.42 | 14.33 | 15.09 | 13.10 | 7.79 | 5.88 | 3.79 | 4.42 | 8.67 | 12.13 | 15.20 | 16.47 | 15.64 | 13.82 | 13.20 |
| Interest Expense | -29 | -33 | -37 | -41 | -46 | -52 | -55 | -58 | -59 | -59 | -60 | -66 | -63 | -64 | -62 | -57 | -61 | -59 | -60 | -59 |
| Change (%) | 13.39 | 13.67 | 9.88 | 11.73 | 14.48 | 5.68 | 4.84 | 1.55 | -0.27 | 2.57 | 10.27 | -5.01 | 1.21 | -1.87 | -8.13 | 6.03 | -3.15 | 1.39 | -1.06 | |
| % of Revenue | -8.34 | -7.05 | -6.47 | -5.94 | -6.07 | -6.47 | -6.56 | -6.81 | -6.97 | -7.09 | -7.45 | -8.42 | -8.20 | -8.42 | -8.35 | -7.81 | -8.37 | -8.23 | -8.56 | -8.72 |
| Net Income | -76 | -102 | -105 | -73 | -360 | -320 | -318 | -326 | -65 | -212 | -211 | -234 | -339 | -176 | -155 | -172 | -67 | -74 | -84 | -46 |
| Change (%) | 35.29 | 2.79 | -30.10 | 389.79 | -11.10 | -0.63 | 2.74 | -79.94 | 224.02 | -0.63 | 10.91 | 45.26 | -48.30 | -11.88 | 11.51 | -60.90 | 10.39 | 12.41 | -45.41 | |
| % of Revenue | -21.87 | -22.06 | -18.32 | -10.69 | -47.91 | -39.67 | -37.78 | -38.46 | -7.77 | -25.70 | -26.15 | -29.72 | -44.27 | -23.22 | -20.70 | -23.47 | -9.28 | -10.40 | -12.00 | -6.74 |
Source: Capital IQ
