VRNO · XBRL financial data

Verano Holdings financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (VRNO's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Revenue from contracts with customers	237*	221	222	217	218*	210	202	203	207*	208	218	212
Cost of goods and services sold	120*	108	108	108	111*	110	89	108	101*	109	118	112
Gross profit	118*	113	114	109	108*	100	113	95	106*	99	100	100
Selling, general and administrative	86*	90	87	92	84*	85	86	81	86*	86	92	85
Total operating expenses	137*	—	87	92	411*	—	87	86	263*	—	97	88
Operating income (loss)	(20)*	23	27	17	(304)*	15	26	9	(158)*	13	3	12
Other income (expense)	2*	(1)	(1)	(0)	(1)*	(0)	1	(10)	(1)*	(1)	(2)	3
Income tax expense (benefit)	44*	11	31	45	(46)*	17	35	28	11*	12	3	7
Net income (loss)	(77)*	(5)	(22)	(43)	(273)*	(12)	(19)	(44)	(183)*	(18)	(13)	(4)
Earnings per share, basic‡ USD per share	(1.10)*	(0.05)	(0.30)	(0.60)	(3.80)*	(0.15)	(0.25)	(0.60)	(2.55)*	(0.25)	(0.18)	(0.06)
Earnings per share, diluted‡ USD per share	(1.10)*	(0.05)	(0.30)	(0.60)	(3.80)*	(0.15)	(0.25)	(0.60)	(2.55)*	(0.25)	(0.18)	(0.06)
Weighted average shares, basic‡ millions of shares	69*	69	69	70	72*	72	72	72	72*	73	73	73
Weighted average shares, diluted‡ millions of shares	69*	69	69	70	72*	72	72	72	72*	73	73	73

‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (June 2026); filings made before it reported them unadjusted.

Fiscal quarters (VRNO's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	175	194	130	65	88	84	69	83	83	74	85	102
Accounts receivable	39	42	43	47	40	40	31	32	31	32	29	24
Inventory	141	166	169	194	184	192	214	220	230	236	222	219
Prepaid and other current assets	38	15	15	16	13	14	14	12	21	14	15	26
Total current assets	394	419	358	322	358	361	371	385	405	395	404	416
Property and equipment, net	501	499	507	585	538	530	511	500	492	488	485	498
Right-of-use asset	93	92	91	96	100	100	97	96	94	90	89	89
Goodwill	231	231	231	252	246	248	248	248	161	161	161	161
Total assets	2,319	2,315	2,239	2,315	1,989	1,969	1,942	1,925	1,742	1,708	1,699	1,707
Accounts payable	31	28	25	42	40	45	40	42	39	29	27	29
Accrued liabilities	67	61	66	70	69	58	62	72	69	55	60	61
Current portion of long-term debt	52	53	4	23	18	17	3	3	8	11	11	10
Total current liabilities	412	415	361	435	198	168	148	143	140	119	109	114
Long-term debt	394	391	392	398	396	404	400	398	392	384	382	380
Lease liability, non-current	87	86	87	91	98	97	94	93	91	89	89	88
Total liabilities	1,079	1,076	1,018	1,097	1,038	1,027	1,016	1,041	1,039	1,022	1,025	1,037
Accumulated deficit	—	—	—	—	(784)	—	—	—	(1,042)	(1,059)	(1,073)	(1,077)
Total stockholders' equity	1,240	1,239	1,221	1,218	952	943	927	886	704	688	677	672
Total liabilities and equity	2,319	2,315	2,239	2,315	1,989	1,969	1,942	1,925	1,742	1,708	1,699	1,707
Common shares outstanding (cover page)‡ millions of shares	—	—	—	—	—	—	—	—	73	73	73	73

‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (June 2026); filings made before it reported them unadjusted.

Fiscal quarters (VRNO's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	(77)*	(5)	(22)	(43)	(273)*	(12)	(19)	(44)	(183)*	(18)	(13)	(4)
Stock-based compensation	4*	4	4*	5*	4*	3	3*	3*	2*	2	6*	1*
Depreciation and amortization	36*	36	36	37	32*	32	31	32	29*	29	29	30
Net cash from operating activities	32*	31	8*	30*	44*	2	11*	26*	14*	19	31*	49*
Purchases of property and equipment	10*	10	19*	57*	14*	14	10*	7*	9*	15	12*	13*
Net cash from investing activities	(10)*	(10)	(19)*	(93)*	(12)*	(5)	(10)*	(7)*	(10)*	(15)	(12)*	(27)*
Share repurchases	—	—	—	—	—	—	—	0*	—	—	—	2*
Proceeds from long-term debt	28*	0	0*	0*	0*	12	0*	50*	0*	—	—	—
Repayments of long-term debt	5*	2	52*	2*	7*	7	16*	53*	2*	—	—	—
Net cash from financing activities	22*	(2)	(53)*	(2)*	(8)*	(1)	(16)*	(5)*	(4)*	(12)	(8)*	(5)*

SIC 100 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 100 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Verano Holdings	102	212	49*	72.9M	—	Q3 FY26 10-QSep 30, 2026
Village Farms International	73	64	not reported	122.3M	—	Q2 FY26 10-QJun 30, 2026
Limoneira	2.2	42	0.3*	18.1M	—	Q3 FY26 10-QJul 31, 2026
Grown Rogue International	12	11	1.7*	249.9M	—	Q2 FY26 10-QJun 30, 2026
TerrAscend	42	67	6.6*	309.2M	—	Q2 FY26 10-QJun 30, 2026
ESG	0.2	0	0.7*	15.6M	—	Q2 FY26 10-QJun 30, 2026
Planet 13 Holdings	6.6	23	0.6*	335.3M	—	Q2 FY26 10-QJun 30, 2026
Local Bounti	3.6	14	(7.4)*	23.4M	0.5 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.