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Side-by-side financial comparison of Cronos Group Inc. (CRON) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $44.5M, roughly 1.2× Cronos Group Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -4.1%, a 71.4% gap on every dollar of revenue. On growth, Cronos Group Inc. posted the faster year-over-year revenue change (47.0% vs 32.8%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $9.7M). Over the past eight quarters, Cronos Group Inc.'s revenue compounded faster (32.7% CAGR vs 32.3%).
Cronos Group Inc. is a global cannabinoid firm specializing in cultivation, processing, and distribution of cannabis-derived products including wellness supplements, consumer goods, and medical cannabis. It serves North America, Europe, and Asia Pacific, catering to regulated recreational and medical consumer segments with quality-controlled offerings.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
CRON vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.5M | $51.6M |
| Net Profit | $-1.8M | $34.8M |
| Gross Margin | 36.4% | — |
| Operating Margin | -16.8% | 97.0% |
| Net Margin | -4.1% | 67.3% |
| Revenue YoY | 47.0% | 32.8% |
| Net Profit YoY | -104.2% | 67.0% |
| EPS (diluted) | $-0.01 | $0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.5M | $51.6M | ||
| Q3 25 | $36.3M | $49.1M | ||
| Q2 25 | $33.5M | $47.6M | ||
| Q1 25 | $32.3M | $37.5M | ||
| Q4 24 | $30.3M | $38.9M | ||
| Q3 24 | $34.3M | $35.1M | ||
| Q2 24 | $27.8M | $32.4M | ||
| Q1 24 | $25.3M | $29.5M |
| Q4 25 | $-1.8M | $34.8M | ||
| Q3 25 | $26.0M | $25.4M | ||
| Q2 25 | $-39.7M | $26.0M | ||
| Q1 25 | $6.1M | $18.9M | ||
| Q4 24 | $43.7M | $20.8M | ||
| Q3 24 | $8.3M | $15.8M | ||
| Q2 24 | $-8.8M | $14.8M | ||
| Q1 24 | $-2.2M | $17.3M |
| Q4 25 | 36.4% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | 43.4% | — | ||
| Q1 25 | 42.6% | — | ||
| Q4 24 | 35.7% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 22.7% | — | ||
| Q1 24 | 17.7% | — |
| Q4 25 | -16.8% | 97.0% | ||
| Q3 25 | -1.4% | 72.1% | ||
| Q2 25 | -15.9% | 71.3% | ||
| Q1 25 | -12.6% | 71.7% | ||
| Q4 24 | -37.5% | 82.5% | ||
| Q3 24 | -98.2% | 60.6% | ||
| Q2 24 | -56.1% | 61.3% | ||
| Q1 24 | -63.1% | 78.8% |
| Q4 25 | -4.1% | 67.3% | ||
| Q3 25 | 71.4% | 51.7% | ||
| Q2 25 | -118.7% | 54.6% | ||
| Q1 25 | 19.0% | 50.4% | ||
| Q4 24 | 144.3% | 53.5% | ||
| Q3 24 | 24.4% | 45.1% | ||
| Q2 24 | -31.5% | 45.6% | ||
| Q1 24 | -8.9% | 58.5% |
| Q4 25 | $-0.01 | $0.90 | ||
| Q3 25 | $0.07 | $0.65 | ||
| Q2 25 | $-0.10 | $0.69 | ||
| Q1 25 | $0.02 | $0.51 | ||
| Q4 24 | $0.12 | $0.56 | ||
| Q3 24 | $0.02 | $0.44 | ||
| Q2 24 | $-0.02 | $0.42 | ||
| Q1 24 | $-0.01 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $831.8M | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $672.5M |
| Total Assets | $1.2B | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.8M | $92.1M | ||
| Q3 25 | $824.2M | $99.0M | ||
| Q2 25 | $834.4M | $79.6M | ||
| Q1 25 | $837.8M | $51.7M | ||
| Q4 24 | $858.8M | $49.9M | ||
| Q3 24 | $862.0M | $44.1M | ||
| Q2 24 | $848.2M | $47.4M | ||
| Q1 24 | $855.1M | $34.8M |
| Q4 25 | $1.1B | $672.5M | ||
| Q3 25 | $1.1B | $634.3M | ||
| Q2 25 | $1.1B | $597.9M | ||
| Q1 25 | $1.1B | $563.2M | ||
| Q4 24 | $1.1B | $516.9M | ||
| Q3 24 | $1.1B | $484.6M | ||
| Q2 24 | $1.1B | $471.3M | ||
| Q1 24 | $1.1B | $452.9M |
| Q4 25 | $1.2B | $7.4B | ||
| Q3 25 | $1.2B | $7.0B | ||
| Q2 25 | $1.2B | $6.5B | ||
| Q1 25 | $1.2B | $6.0B | ||
| Q4 24 | $1.2B | $5.5B | ||
| Q3 24 | $1.2B | $5.2B | ||
| Q2 24 | $1.1B | $4.9B | ||
| Q1 24 | $1.1B | $4.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.8M | $18.2M |
| Free Cash FlowOCF − Capex | $9.7M | $17.9M |
| FCF MarginFCF / Revenue | 21.8% | 34.6% |
| Capex IntensityCapex / Revenue | 4.8% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $149.0K | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.8M | $18.2M | ||
| Q3 25 | $13.3M | $11.5M | ||
| Q2 25 | $2.8M | $7.7M | ||
| Q1 25 | $-2.1M | $3.5M | ||
| Q4 24 | $7.7M | $37.8M | ||
| Q3 24 | $11.6M | $-17.6M | ||
| Q2 24 | $1.7M | $11.5M | ||
| Q1 24 | $-2.2M | $10.6M |
| Q4 25 | $9.7M | $17.9M | ||
| Q3 25 | $8.8M | $11.4M | ||
| Q2 25 | $-1.0M | $7.6M | ||
| Q1 25 | $-17.4M | $3.5M | ||
| Q4 24 | $4.2M | $37.5M | ||
| Q3 24 | $5.2M | $-17.6M | ||
| Q2 24 | $1.0M | $11.4M | ||
| Q1 24 | $-3.9M | $10.5M |
| Q4 25 | 21.8% | 34.6% | ||
| Q3 25 | 24.3% | 23.2% | ||
| Q2 25 | -3.0% | 15.9% | ||
| Q1 25 | -53.8% | 9.2% | ||
| Q4 24 | 13.8% | 96.4% | ||
| Q3 24 | 15.1% | -50.3% | ||
| Q2 24 | 3.7% | 35.1% | ||
| Q1 24 | -15.5% | 35.8% |
| Q4 25 | 4.8% | 0.5% | ||
| Q3 25 | 12.3% | 0.1% | ||
| Q2 25 | 11.5% | 0.2% | ||
| Q1 25 | 47.3% | 0.2% | ||
| Q4 24 | 11.7% | 0.7% | ||
| Q3 24 | 18.7% | 0.2% | ||
| Q2 24 | 2.6% | 0.3% | ||
| Q1 24 | 6.8% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | 0.51× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | -0.34× | 0.19× | ||
| Q4 24 | 0.18× | 1.81× | ||
| Q3 24 | 1.39× | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRON
| Cannabis Flower | $33.7M | 76% |
| Cannabis Extracts | $10.8M | 24% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
