Verano Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	74.03	82.72	87.8	174.76	84.85	99.12
Cash & Short-Term Investments	74.03	82.72	87.8	174.76	84.85	99.12
Cash Growth	-12.10%	-5.78%	-49.76%	105.96%	-14.39%	504.30%
Accounts Receivable	32.14	30.93	40.26	38.98	16.58	17.41
Other Receivables	11.3	11.99	5.14	-	-	-
Receivables	43.44	42.92	45.41	38.98	16.58	17.7
Inventory	235.58	229.97	184.46	155.77	164.53	140.7
Prepaid Expenses	13.54	21.2	12.84	22.73	48.88	19.53
Other Current Assets	27.95	27.84	32.15	1.96	3.43	-
Total Current Assets	394.52	404.65	362.65	394.2	318.28	277.04
Property, Plant & Equipment	578.23	586.28	637.88	594.76	608.18	513.58
Long-Term Investments	-	-	-	2.29	8.78	7.49
Goodwill	161.01	161.01	246.23	231.29	269.09	368.13
Other Intangible Assets	564.58	579.09	734.01	1,086	1,181	1,380
Other Long-Term Assets	10.02	10.57	13.33	10.06	10.96	2.5
Total Assets	1,708	1,742	1,994	2,319	2,396	2,549
Accounts Payable	28.96	38.74	39.93	31.28	40.5	45.17
Accrued Expenses	49.94	61.79	61.49	60.99	38.18	39.53
Current Portion of Long-Term Debt	10.7	7.85	18.15	52.01	24.46	13.77
Current Portion of Leases	12.3	11.98	11.25	9.75	8.89	6.56
Current Income Taxes Payable	11.31	12.12	63.91	248.47	252.77	154.51
Current Unearned Revenue	5.55	7.51	7.45	5.78	3.58	2.62
Other Current Liabilities	0.16	0.27	0.94	3.92	18.26	208.35
Total Current Liabilities	118.91	140.26	203.11	412.19	386.65	470.52
Long-Term Debt	384.25	391.88	395.7	393.64	388.54	276.15
Long-Term Leases	89.11	91.09	97.88	87.4	76.85	56.81
Long-Term Unearned Revenue	-	-	-	-	-	1.18
Long-Term Deferred Tax Liabilities	36.69	36.64	74.1	182.22	196.47	262.18
Other Long-Term Liabilities	392.83	379.34	272.49	3.23	5.99	-
Total Liabilities	1,022	1,039	1,043	1,079	1,055	1,067
Common Stock	1,748	1,746	1,736	1,682	1,666	1,536
Retained Earnings	-1,059	-1,042	-783.61	-441.75	-324.4	-55.24
Comprehensive Income & Other	-	-	0.01	-0.01	-0.01	-
Total Common Equity	688.35	704.16	952.17	1,240	1,342	1,481
Minority Interest	-1.78	-1.78	-1.36	-	-	1.28
Shareholders' Equity	686.57	702.38	950.82	1,240	1,342	1,482
Total Liabilities & Equity	1,708	1,742	1,994	2,319	2,396	2,549
Total Debt	496.35	502.8	522.98	542.79	498.75	353.3
Net Cash (Debt)	-422.33	-420.08	-435.19	-368.03	-413.9	-254.18
Net Cash Per Share	-1.17	-1.16	-1.24	-1.07	-1.25	-0.88
Filing Date Shares Outstanding	364.38	363.25	358.95	344.07	341.77	327.87
Total Common Shares Outstanding	364.34	363.25	358.75	344.07	339.98	324.31
Working Capital	275.61	264.39	159.54	-17.99	-68.37	-193.47
Book Value Per Share	1.89	1.94	2.65	3.60	3.95	4.57
Tangible Book Value	-37.24	-35.94	-28.06	-77.36	-108.3	-267.51
Tangible Book Value Per Share	-0.10	-0.10	-0.08	-0.22	-0.32	-0.82
Land	26.1	26.06	29.03	30.93	31.88	29.4
Buildings	164.28	162.9	173.43	194.27	197.82	126.02
Machinery	155.73	154.84	152.33	140.5	131.17	96.34
Construction In Progress	102.9	100.17	96.98	39.84	41.8	64.11
Leasehold Improvements	284.99	282.72	268.84	230.88	211.79	182.51

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