Verano Holdings Corp. (NEO:VRNO)
Canada · Delayed Price · Currency is CAD 1.690
+0.010 (0.60%)
Feb 6, 2026, 3:59 PM EST
Verano Holdings 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 |
| 833.1 | 878.59 | 938.45 | 879.41 | 737.85 | 228.53 | |
Revenue Growth (YoY) | -7.18% | -6.38% | 6.71% | 19.19% | 222.87% | 246.43% |
Cost of Revenue | 413.92 | 430.81 | 463.25 | 456.35 | 406.83 | 92.96 |
Gross Profit | 419.18 | 447.78 | 475.21 | 423.06 | 331.02 | 135.57 |
Selling, General & Admin | 317.76 | 335.97 | 316.12 | 356.57 | 270.93 | 43.26 |
Operating Expenses | 335.2 | 353.41 | 331.93 | 356.57 | 270.93 | 43.26 |
Operating Income | 83.98 | 94.37 | 143.28 | 66.49 | 60.09 | 92.31 |
Interest Expense | -53.62 | -54.76 | -59.79 | -49.43 | -24.27 | -10.46 |
Earnings From Equity Investments | - | - | -0.31 | 1.56 | 4.62 | 2.69 |
Other Non Operating Income (Expenses) | -10.2 | -3.82 | 1.13 | 16.97 | -2.84 | -0.7 |
EBT Excluding Unusual Items | 20.16 | 35.79 | 84.31 | 35.59 | 37.61 | 83.84 |
Merger & Restructuring Charges | -3.85 | -3.85 | - | - | - | - |
Impairment of Goodwill | -8.18 | -8.18 | -37.93 | -113.03 | - | - |
Gain (Loss) on Sale of Investments | - | - | -6.57 | 14.1 | - | 0.46 |
Gain (Loss) on Sale of Assets | 3.48 | -1.1 | -1.12 | 9.4 | -1.09 | -1.84 |
Asset Writedown | -325.35 | -319.52 | -13.69 | -116.15 | - | - |
Other Unusual Items | 1.94 | -3.07 | 2.8 | 6.68 | 12.47 | - |
Pretax Income | -311.8 | -299.92 | 27.8 | -163.4 | 48.99 | 82.45 |
Income Tax Expense | 35.4 | 41.94 | 145.15 | 105.47 | 103.99 | 42.3 |
Earnings From Continuing Operations | -347.2 | -341.86 | -117.35 | -268.87 | -55 | 40.16 |
Minority Interest in Earnings | - | - | - | -0.29 | -2.51 | -1.76 |
Net Income | -347.2 | -341.86 | -117.35 | -269.16 | -57.51 | 38.4 |
Net Income to Common | -347.2 | -341.86 | -117.35 | -269.16 | -57.51 | 38.4 |
Shares Outstanding (Basic) | 360 | 350 | 343 | 331 | 290 | 264 |
Shares Outstanding (Diluted) | 360 | 350 | 343 | 331 | 290 | 271 |
Shares Change (YoY) | 4.02% | 1.99% | 3.43% | 14.11% | 7.29% | 3.55% |
EPS (Basic) | -0.96 | -0.98 | -0.34 | -0.81 | -0.20 | 0.15 |
EPS (Diluted) | -0.97 | -0.98 | -0.34 | -0.81 | -0.20 | 0.14 |
Free Cash Flow | 36.5 | 13.15 | 73.38 | -24.83 | 41.61 | 11.47 |
Free Cash Flow Per Share | 0.10 | 0.04 | 0.21 | -0.07 | 0.14 | 0.04 |
Gross Margin | 50.32% | 50.97% | 50.64% | 48.11% | 44.86% | 59.32% |
Operating Margin | 10.08% | 10.74% | 15.27% | 7.56% | 8.14% | 40.39% |
Profit Margin | -41.68% | -38.91% | -12.50% | -30.61% | -7.79% | 16.80% |
Free Cash Flow Margin | 4.38% | 1.50% | 7.82% | -2.82% | 5.64% | 5.02% |
EBITDA | 210.33 | 234.03 | 284.41 | 207.88 | 156.33 | 100.17 |
EBITDA Margin | 25.25% | 26.64% | 30.31% | 23.64% | 21.19% | 43.83% |
D&A For EBITDA | 126.35 | 139.66 | 141.13 | 141.39 | 96.24 | 7.87 |
EBIT | 83.98 | 94.37 | 143.28 | 66.49 | 60.09 | 92.31 |
EBIT Margin | 10.08% | 10.74% | 15.27% | 7.56% | 8.14% | 40.39% |
Effective Tax Rate | - | - | 522.14% | - | 212.26% | 51.30% |
Advertising Expenses | - | 12.96 | 9.67 | 16 | 8.64 | 0.92 |
Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.