Verano Holdings Corp.
VRNO- Exchange
- OTC
- Industry
- Agricultural Production-Crops
- SEC CIK
- 0001848416
No open-market purchases or sales by Verano Holdings Corp. insiders were filed in the last 90 days; 2 institutions reported holding it in 13F filings for Q2 2026, worth $1.04M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:20 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $257.9M (31.4% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 12, 2026 | Feb 27, 2025 | – | Mar 30, 2023 |
| Revenue | $821.5M | $878.6M | $938.5M | $879.4M |
| Cost of revenue | $408.0M | $434.7M | $463.2M | $456.4M |
| Gross profit | $413.5M | $443.9M | $475.2M | $423.1M |
| Operating expenses | $520.6M | $681.1M | $390.1M | $585.8M |
| Selling, general and administrative | $337.3M | $353.4M | $331.9M | $356.6M |
| Operating income | -$107.1M | -$237.2M | $84.8M | -$161.1M |
| Income tax | $91.7M | $41.9M | $145.1M | $105.5M |
| Net income | -$257.9M | -$341.9M | -$117.3M | -$269.2M |
| EPS, basic | $-0.71 | $-0.98 | $-0.34 | $-0.81 |
| EPS, diluted | $-0.71 | $-0.98 | $-0.34 | $-0.81 |
| Weighted shares, basic | 360.9M | 349.6M | 342.8M | 331.4M |
| Weighted shares, diluted | 360.9M | 349.6M | 342.8M | 331.4M |
| Margins and growth | ||||
| Gross margin | 50.3% | 50.5% | 50.6% | 48.1% |
| Operating margin | -13.0% | -27.0% | 9.0% | -18.3% |
| Net margin | -31.4% | -38.9% | -12.5% | -30.6% |
| Revenue growth, year over year | −6.5% | −6.4% | +6.7% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 12, 2026 | Feb 27, 2025 | – | Mar 30, 2023 |
| Cash and equivalents | $82.7M | $87.8M | $174.8M | $84.9M |
| Accounts receivable | $30.9M | $40.3M | $39.0M | $16.6M |
| Inventory | $230.0M | $184.5M | $140.7M | $164.5M |
| Total current assets | $404.7M | $357.5M | $394.2M | $318.3M |
| Property, plant and equipment | $492.5M | $538.0M | $501.3M | $525.9M |
| Goodwill | $161.0M | $246.2M | $231.3M | $269.1M |
| Intangible assets | $579.1M | $734.0M | $1.09B | $1.18B |
| Total assets | $1.74B | $1.99B | $2.32B | $2.40B |
| Accounts payable | $38.7M | $39.9M | $31.3M | $40.5M |
| Short-term debt | $7.85M | $18.2M | $52.0M | $24.5M |
| Total current liabilities | $140.3M | $198.0M | $412.2M | $386.6M |
| Long-term debt | $391.9M | $395.7M | $393.6M | $388.5M |
| Total liabilities | $1.04B | $1.04B | $1.08B | $1.05B |
| Shareholders' equity | $702.4M | $950.8M | $1.24B | $1.34B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 12, 2026 | Feb 27, 2025 | – | Mar 30, 2023 |
| Operating cash flow | $52.9M | $112.2M | $109.7M | $94.3M |
| Capital expenditures | $41.2M | $99.0M | $36.3M | $119.2M |
| Free cash flow | $11.6M | $13.1M | $73.4M | -$24.8M |
| Depreciation and amortization | $124.2M | $139.7M | $141.1M | $141.4M |
| Stock-based compensation | $11.5M | $16.9M | $13.2M | $39.1M |
| Dividends paid | – | – | – | $0 |
| Investing cash flow | -$32.6M | -$133.3M | -$47.4M | -$207.9M |
| Financing cash flow | -$25.3M | -$65.9M | $27.6M | $99.2M |
| Ratio | ||||
| Stock-based compensation, % of revenue | 1.4% | 1.9% | 1.4% | 4.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.