Vireo Growth Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	189.28	99.38	88.13	74.63	54.45	49.21
Revenue Growth (YoY)	92.10%	12.77%	18.10%	37.06%	10.64%	64.28%
Cost of Revenue	106.42	48.61	44.03	43.72	34.65	32.08
Gross Profit	82.87	50.77	44.1	30.91	19.8	17.13
Selling, General & Admin	56.15	28.06	28.22	33.82	33.66	26.37
Amortization of Goodwill & Intangibles	2.6	0.72	0.68	0.68	0.82	0.62
Operating Expenses	71.66	32.7	33.52	37.85	40.28	40.17
Operating Income	11.21	18.07	10.58	-6.94	-20.48	-23.04
Interest Expense	-29.74	-31.19	-31.26	-22.59	-10.58	-5.1
Other Non Operating Income (Expenses)	-9.32	0.13	1.89	1.06	-0.24	-6.25
EBT Excluding Unusual Items	-27.85	-12.99	-18.79	-28.48	-31.3	-34.39
Merger & Restructuring Charges	-4.5	-4.5	-	-	-	-
Gain (Loss) on Sale of Assets	-7.84	-0.22	-4.48	0.32	6.9	20.24
Asset Writedown	-	-	-0.41	-8.6	-5.17	-
Other Unusual Items	0.97	0.82	5.86	0.18	-	-
Pretax Income	-39.22	-16.89	-17.82	-36.56	-29.57	-14.15
Income Tax Expense	24.22	11.11	7.72	5.89	4.12	8.79
Net Income	-63.44	-28.01	-25.55	-42.46	-33.69	-22.94
Net Income to Common	-63.44	-28.01	-25.55	-42.46	-33.69	-22.94
Shares Outstanding (Basic)	529	180	135	128	124	98
Shares Outstanding (Diluted)	529	180	135	128	124	98
Shares Change (YoY)	234.96%	33.39%	5.55%	3.48%	26.92%	20.70%
EPS (Basic)	-0.12	-0.16	-0.19	-0.33	-0.27	-0.24
EPS (Diluted)	-0.12	-0.16	-0.19	-0.33	-0.27	-0.24
Free Cash Flow	-42.57	-21.93	-5.93	-23.63	-48.56	-19.38
Free Cash Flow Per Share	-0.08	-0.12	-0.04	-0.18	-0.39	-0.20
Gross Margin	43.78%	51.09%	50.04%	41.42%	36.36%	34.80%
Operating Margin	5.92%	18.18%	12.00%	-9.30%	-37.62%	-46.83%
Profit Margin	-33.52%	-28.18%	-28.99%	-56.89%	-61.88%	-46.62%
Free Cash Flow Margin	-22.49%	-22.07%	-6.73%	-31.67%	-89.19%	-39.38%
EBITDA	14.9	19.08	11.73	-5.61	-19.04	-22.01
EBITDA Margin	7.87%	19.20%	13.31%	-7.52%	-34.97%	-44.73%
D&A For EBITDA	3.69	1.01	1.15	1.33	1.44	1.03
EBIT	11.21	18.07	10.58	-6.94	-20.48	-23.04
EBIT Margin	5.92%	18.18%	12.00%	-9.30%	-37.62%	-46.83%
Advertising Expenses	-	0.86	0.79	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.