Verano Holdings Corp. (NEO:VRNO)
Canada flag Canada · Delayed Price · Currency is CAD
1.800
+0.030 (1.69%)
Apr 28, 2026, 4:10 PM EST

Verano Holdings Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2018
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2018
Revenue
821.5878.59938.45879.41737.85
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Revenue Growth (YoY)
-6.50%-6.38%6.71%19.19%222.87%
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Cost of Revenue
408.01434.65463.25456.35406.83
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Gross Profit
413.5443.93475.21423.06331.02
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Selling, General & Admin
317.53335.97331.93356.57270.93
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Operating Expenses
337.32353.41331.93356.57270.93
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Operating Income
76.1890.52143.2866.4960.09
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Interest Expense
-53.59-54.76-59.79-49.43-24.27
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Earnings From Equity Investments
---0.311.564.62
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Other Non Operating Income (Expenses)
-10.28-3.821.1316.97-2.84
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EBT Excluding Unusual Items
12.3131.9584.3135.5937.61
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Impairment of Goodwill
-86.59-8.18-37.93-113.03-
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Gain (Loss) on Sale of Investments
---6.5714.1-
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Gain (Loss) on Sale of Assets
2.79-1.1-1.129.4-1.09
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Asset Writedown
-96.68-319.52-13.69-116.15-
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Other Unusual Items
1.94-3.072.86.6812.47
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Pretax Income
-166.23-299.9227.8-163.448.99
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Income Tax Expense
91.6841.94145.15105.47103.99
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Earnings From Continuing Operations
-257.91-341.86-117.35-268.87-55
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Minority Interest in Earnings
----0.29-2.51
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Net Income
-257.91-341.86-117.35-269.16-57.51
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Net Income to Common
-257.91-341.86-117.35-269.16-57.51
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Shares Outstanding (Basic)
361350343331290
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Shares Outstanding (Diluted)
361350343331290
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Shares Change (YoY)
3.24%1.99%3.43%14.11%7.29%
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EPS (Basic)
-0.71-0.98-0.34-0.81-0.20
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EPS (Diluted)
-0.71-0.98-0.34-0.81-0.20
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Free Cash Flow
11.6313.1573.38-24.8341.61
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Free Cash Flow Per Share
0.030.040.21-0.070.14
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Gross Margin
50.33%50.53%50.64%48.11%44.86%
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Operating Margin
9.27%10.30%15.27%7.56%8.14%
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Profit Margin
-31.39%-38.91%-12.50%-30.61%-7.79%
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Free Cash Flow Margin
1.42%1.50%7.82%-2.82%5.64%
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EBITDA
200.33230.19284.41207.88156.33
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EBITDA Margin
24.39%26.20%30.31%23.64%21.19%
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D&A For EBITDA
124.16139.66141.13141.3996.24
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EBIT
76.1890.52143.2866.4960.09
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EBIT Margin
9.27%10.30%15.27%7.56%8.14%
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Effective Tax Rate
--522.14%-212.26%
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Advertising Expenses
13.9912.969.67168.64
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Source: S&P Capital IQ. Standard template. Financial Sources.