Vireo Growth Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	268.77	99.38	88.13	74.63	54.45
Revenue Growth (YoY)	170.44%	12.77%	18.10%	37.06%	10.64%
Cost of Revenue	141.67	48.61	44.03	43.72	34.65
Gross Profit	127.1	50.77	44.1	30.91	19.8
Selling, General & Admin	81.19	28.06	28.22	33.82	33.66
Amortization of Goodwill & Intangibles	5.75	0.72	0.68	0.68	0.82
Operating Expenses	116.94	32.7	33.52	37.85	40.28
Operating Income	10.16	18.07	10.58	-6.94	-20.48
Interest Expense	-30.25	-31.19	-31.26	-22.59	-10.58
Other Non Operating Income (Expenses)	-1.51	0.13	1.89	1.06	-0.24
EBT Excluding Unusual Items	-21.61	-12.99	-18.79	-28.48	-31.3
Merger & Restructuring Charges	-	-4.5	-	-	-
Gain (Loss) on Sale of Assets	-7.87	-0.22	-4.48	0.32	6.9
Asset Writedown	-2.6	-	-0.41	-8.6	-5.17
Other Unusual Items	-7.84	0.82	5.86	0.18	-
Pretax Income	-39.91	-16.89	-17.82	-36.56	-29.57
Income Tax Expense	28.2	11.11	7.72	5.89	4.12
Net Income	-68.11	-28.01	-25.55	-42.46	-33.69
Net Income to Common	-68.11	-28.01	-25.55	-42.46	-33.69
Shares Outstanding (Basic)	735	180	135	128	124
Shares Outstanding (Diluted)	735	180	135	128	124
Shares Change (YoY)	307.30%	33.39%	5.55%	3.48%	26.92%
EPS (Basic)	-0.09	-0.16	-0.19	-0.33	-0.27
EPS (Diluted)	-0.09	-0.16	-0.19	-0.33	-0.27
Free Cash Flow	-24.61	-21.93	-5.93	-23.63	-48.56
Free Cash Flow Per Share	-0.03	-0.12	-0.04	-0.18	-0.39
Gross Margin	47.29%	51.09%	50.04%	41.42%	36.36%
Operating Margin	3.78%	18.18%	12.00%	-9.30%	-37.62%
Profit Margin	-25.34%	-28.18%	-28.99%	-56.89%	-61.88%
Free Cash Flow Margin	-9.16%	-22.07%	-6.73%	-31.67%	-89.19%
EBITDA	27.25	19.08	11.73	-5.61	-19.04
EBITDA Margin	10.14%	19.20%	13.31%	-7.52%	-34.97%
D&A For EBITDA	17.09	1.01	1.15	1.33	1.44
EBIT	10.16	18.07	10.58	-6.94	-20.48
EBIT Margin	3.78%	18.18%	12.00%	-9.30%	-37.62%
Advertising Expenses	-	-	0.79	-	-

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