Verano Holdings Corp. (NEO:VRNO)
Canada flag Canada · Delayed Price · Currency is CAD
1.130
-0.050 (-4.24%)
Mar 3, 2025, 11:46 AM EST

Verano Holdings Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019 - 2018
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2018
Revenue
878.59938.45879.41737.85228.53
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Revenue Growth (YoY)
-6.38%6.71%19.19%222.87%246.43%
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Cost of Revenue
430.81463.25456.35406.8392.96
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Gross Profit
447.78475.21423.06331.02135.57
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Selling, General & Admin
335.97316.12356.57270.9343.26
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Operating Expenses
353.41331.93356.57270.9343.26
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Operating Income
94.37143.2866.4960.0992.31
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Interest Expense
-54.76-59.79-49.43-24.27-10.46
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Earnings From Equity Investments
--0.311.564.622.69
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Other Non Operating Income (Expenses)
-3.821.1316.97-2.84-0.7
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EBT Excluding Unusual Items
35.7984.3135.5937.6183.84
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Merger & Restructuring Charges
-3.85----
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Impairment of Goodwill
-8.18-37.93-113.03--
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Gain (Loss) on Sale of Investments
--6.5714.1-0.46
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Gain (Loss) on Sale of Assets
-1.1-1.129.4-1.09-1.84
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Asset Writedown
-319.52-13.69-116.15--
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Other Unusual Items
-3.072.86.6812.47-
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Pretax Income
-299.9227.8-163.448.9982.45
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Income Tax Expense
41.94145.15105.47103.9942.3
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Earnings From Continuing Operations
-341.86-117.35-268.87-5540.16
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Minority Interest in Earnings
---0.29-2.51-1.76
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Net Income
-341.86-117.35-269.16-57.5138.4
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Net Income to Common
-341.86-117.35-269.16-57.5138.4
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Shares Outstanding (Basic)
350343331290264
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Shares Outstanding (Diluted)
350343331290271
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Shares Change (YoY)
1.99%3.43%14.10%7.29%3.55%
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EPS (Basic)
-0.98-0.34-0.81-0.200.15
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EPS (Diluted)
-0.98-0.34-0.81-0.200.14
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Free Cash Flow
13.1573.38-24.8341.6111.47
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Free Cash Flow Per Share
0.040.21-0.070.140.04
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Gross Margin
50.97%50.64%48.11%44.86%59.32%
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Operating Margin
10.74%15.27%7.56%8.14%40.39%
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Profit Margin
-38.91%-12.50%-30.61%-7.79%16.80%
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Free Cash Flow Margin
1.50%7.82%-2.82%5.64%5.02%
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EBITDA
234.03284.41207.88156.33100.17
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EBITDA Margin
26.64%30.31%23.64%21.19%43.83%
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D&A For EBITDA
139.66141.13141.3996.247.87
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EBIT
94.37143.2866.4960.0992.31
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EBIT Margin
10.74%15.27%7.56%8.14%40.39%
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Effective Tax Rate
-522.15%-212.26%51.30%
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Advertising Expenses
12.969.67168.640.92
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Source: S&P Capital IQ. Standard template. Financial Sources.