VERANO HOLDINGS CORP. financials
Source: EDGAR filings · Built 2026-06-19T01:44:09Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 11.63M | 13.15M | 73.38M | -24.83M | 41.61M | 11.47M |
| EBITDA | 17.06M | -97.51M | 225.92M | -19.74M | 160.96M | 102.86M |
| Working Capital | 264.39M | 159.54M | -17.99M | -68.37M | -193.47M | — |
| Net Debt | 420.08M | 435.19M | 368.03M | 413.89M | 254.18M | — |
| Gross Margin | 50.33% | 50.53% | 50.64% | 48.11% | 44.86% | 59.32% |
| Operating Margin | -13.04% | -27.00% | 9.03% | -18.32% | 8.77% | 41.57% |
| Net Margin | -31.39% | -38.91% | -12.50% | -30.61% | -7.79% | 16.80% |
| Return on Equity (ROE) | -36.63% | -35.90% | -9.46% | -20.06% | -3.88% | — |
| Return on Assets (ROA) | -14.81% | -17.14% | -5.06% | -11.23% | -2.26% | — |
| Current Ratio | 2.88× | 1.79× | 0.96× | 0.82× | 0.59× | — |
| Debt-to-Equity | 0.71× | 0.55× | 0.44× | 0.37× | 0.24× | — |
| Effective Tax Rate | -55.15% | -13.99% | 522.15% | -64.55% | 212.26% | 51.30% |
| Cash Conversion Ratio | -0.20× | -0.33× | -0.93× | -0.35× | -3.18× | 1.87× |
| Accruals Ratio | -0.18× | -0.23× | -0.10× | -0.15× | -0.09× | — |
| SBC % of Revenue | 1.40% | 1.93% | 1.41% | 4.44% | 6.13% | 0.00% |
| CapEx Coverage | 1.28× | 1.13× | 3.02× | 0.79× | 1.29× | 1.19× |
| Free Cash Flow Per Share | $0.03 | $0.04 | $0.21 | $-0.07 | $0.14 | $0.04 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 821.50M | 878.59M | 938.45M | 879.41M | 737.85M | 228.53M |
| Cost of Goods and Services Sold | 408.01M | 434.65M | 463.25M | 456.35M | 406.83M | 92.96M |
| Gross Profit | 413.50M | 443.93M | 475.21M | 423.06M | 331.02M | 135.57M |
| Selling, General and Administrative Expense | 337.32M | 353.41M | 331.93M | 356.57M | 270.93M | 43.26M |
| Operating Expenses | 520.59M | 681.11M | 390.12M | 585.75M | 270.93M | 43.26M |
| Operating Income (Loss) | -107.09M | -237.18M | 84.78M | -161.13M | 64.71M | 95.00M |
| Income Tax Expense (Benefit) | 91.68M | 41.94M | 145.15M | 105.47M | 103.99M | 42.30M |
| Net Income (Loss) Attributable to Parent | -257.91M | -341.86M | -117.35M | -269.16M | -57.51M | 38.40M |
| Earnings Per Share, Basic | $-0.71 | $-0.98 | $-0.34 | $-0.81 | $-0.20 | $0.15 |
| Weighted Average Number of Shares Outstanding, Basic | 360.91M | 349.58M | 342.77M | 331.41M | 290.44M | 263.92M |
| Earnings Per Share, Diluted | $-0.71 | $-0.98 | $-0.34 | $-0.81 | $-0.20 | $0.14 |
| Weighted Average Number of Shares Outstanding, Diluted | 360.91M | 349.58M | 342.77M | 331.41M | 290.44M | 270.72M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 82.72M | 87.80M | 174.76M | 84.85M | 99.12M | — |
| Assets, Current | 404.65M | 362.65M | 394.20M | 318.27M | 277.04M | — |
| Assets | 1.74B | 1.99B | 2.32B | 2.40B | 2.55B | — |
| Long-term Debt | 399.74M | 413.85M | 445.64M | 413.00M | 289.93M | — |
| Liabilities, Current | 140.26M | 203.11M | 412.19M | 386.64M | 470.52M | — |
| Long-term Debt, Excluding Current Maturities | 391.88M | 395.70M | 393.64M | 388.54M | 276.15M | — |
| Liabilities | 1.04B | 1.04B | 1.08B | 1.05B | 1.07B | — |
| Stockholders' Equity Attributable to Parent | 704.16M | 952.17M | 1.24B | 1.34B | 1.48B | — |
| Common Stock, Shares, Outstanding | 363.25M | — | — | — | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 52.85M | 112.19M | 109.71M | 94.35M | 182.87M | 71.63M |
| Payments to Acquire Property, Plant, and Equipment | 41.23M | 99.05M | 36.33M | 119.17M | 141.26M | 60.15M |
| Net Cash Provided by (Used in) Investing Activities | -32.60M | -133.25M | -34.15M | -207.85M | -455.83M | -86.91M |
| Payments of Dividends | — | — | — | 0 | 0 | 46.00K |
| Net Cash Provided by (Used in) Financing Activities | -25.32M | -65.93M | 14.35M | 99.25M | 355.68M | 25.27M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 3.65M | 4.38M | 7.25M | -11.65M | -12.08M | 29.26M |
| EBITDA | 42.29M | -128.27M | 40.84M | 57.70M | 46.79M | -272.37M |
| Working Capital | 275.61M | 264.39M | 242.01M | 223.52M | 193.50M | 159.54M |
| Net Debt | 422.33M | 420.08M | 422.75M | 440.39M | 444.49M | 435.19M |
| Gross Margin | 47.54% | 51.16% | 46.96% | 55.86% | 47.46% | 49.28% |
| Operating Margin | 6.29% | -76.27% | 4.57% | 12.96% | 7.15% | -139.26% |
| Net Margin | -8.56% | -88.77% | -21.61% | -9.47% | -5.49% | -124.98% |
| Return on Equity (ROE) | -2.59% | -26.05% | -4.95% | -2.07% | -1.22% | -28.64% |
| Return on Assets (ROA) | -1.04% | -10.53% | -2.28% | -0.99% | -0.58% | -13.68% |
| Current Ratio | 3.32× | 2.88× | 2.69× | 2.51× | 2.15× | 1.79× |
| Debt-to-Equity | 0.72× | 0.71× | 0.57× | 0.55× | 0.56× | 0.55× |
| Effective Tax Rate | -187.47% | -6.22% | -184.79% | 219.67% | 297.38% | 14.31% |
| Cash Conversion Ratio | -1.04× | -0.08× | -0.89× | -0.66× | -0.16× | -0.16× |
| Accruals Ratio | -0.02× | -0.11× | -0.04× | -0.02× | -0.01× | -0.16× |
| SBC % of Revenue | 1.06% | 1.13% | 4.52% | 3.28% | 1.57% | 1.79% |
| CapEx Coverage | 1.24× | 1.46× | 1.23× | 0.52× | 0.13× | 3.05× |
| Free Cash Flow Per Share | $0.01 | $0.01 | $0.02 | $-0.03 | $-0.03 | $0.08 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 208.18M | 206.61M | 202.81M | 202.27M | 209.81M | 218.21M |
| Cost of Goods and Services Sold | 109.20M | 100.92M | 107.57M | 89.29M | 110.23M | 110.67M |
| Gross Profit | 98.98M | 105.69M | 95.24M | 112.98M | 99.58M | 107.53M |
| Selling, General and Administrative Expense | 85.88M | 85.84M | 80.56M | 86.34M | 84.58M | 83.72M |
| Operating Expenses | — | 263.28M | 85.96M | 86.77M | — | 411.42M |
| Operating Income (Loss) | 13.10M | -157.58M | 9.28M | 26.21M | 15.00M | -303.88M |
| Income Tax Expense (Benefit) | 11.62M | 10.74M | 28.44M | 35.15M | 17.35M | -45.54M |
| Net Income (Loss) Attributable to Parent | -17.82M | -183.41M | -43.83M | -19.15M | -11.52M | -272.71M |
| Earnings Per Share, Basic | $-0.05 | $-0.50 | $-0.12 | $-0.05 | $-0.03 | $-0.78 |
| Weighted Average Number of Shares Outstanding, Basic | 363.37M | 360.91M | 361.79M | 360.37M | 359.15M | 349.58M |
| Earnings Per Share, Diluted | $-0.05 | $-0.50 | $-0.12 | $-0.05 | $-0.03 | $-0.78 |
| Weighted Average Number of Shares Outstanding, Diluted | 363.37M | 360.91M | 361.79M | 360.37M | 359.15M | 349.58M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 74.03M | 82.72M | 82.62M | 68.57M | 84.22M | 87.80M |
| Assets, Current | 394.52M | 404.65M | 385.43M | 371.36M | 361.14M | 362.65M |
| Assets | 1.71B | 1.74B | 1.93B | 1.94B | 1.97B | 1.99B |
| Long-term Debt | 394.95M | 399.74M | 400.76M | 403.26M | 420.63M | 413.85M |
| Liabilities, Current | 118.91M | 140.26M | 143.41M | 147.83M | 167.64M | 203.11M |
| Long-term Debt, Excluding Current Maturities | 384.25M | 391.88M | 397.82M | 399.82M | 403.83M | 395.70M |
| Liabilities | 1.02B | 1.04B | 1.04B | 1.02B | 1.03B | 1.04B |
| Stockholders' Equity Attributable to Parent | 688.35M | 704.16M | 885.86M | 927.23M | 943.38M | 952.17M |
| Common Stock, Shares, Outstanding | 364.34M | 363.25M | — | — | — | — |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 18.59M | 13.81M | 39.04M | 12.69M | 1.79M | 43.50M |
| Payments to Acquire Property, Plant, and Equipment | 14.94M | 9.43M | 31.79M | 24.33M | 13.86M | 14.24M |
| Net Cash Provided by (Used in) Investing Activities | -14.91M | -9.97M | -22.63M | -15.18M | -4.77M | -12.40M |
| Net Cash Provided by (Used in) Financing Activities | -12.38M | -3.74M | -21.58M | -16.73M | -591.00K | -8.29M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (VRNO CIK 0001848416),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.