VRNO · XBRL financial data

Verano Holdings financial statements, every fiscal year

The same tables from 4 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 years (VRNO's year ends in late December)

In millions of dollars	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	879	938	879	822
Cost of goods and services sold	456	463	435	408
Gross profit	423	475	444	413
Selling, general and administrative	357	332	353	337
Total operating expenses	586	390	681	521
Operating income (loss)	(161)	85	(237)	(107)
Other income (expense)	32	5	(4)	(10)
Income tax expense (benefit)	105	145	42	92
Net income (loss)	(269)	(117)	(342)	(258)
Earnings per share, basic‡ USD per share	(4.05)	(1.70)	(4.90)	(3.55)
Earnings per share, diluted‡ USD per share	(4.05)	(1.70)	(4.90)	(3.55)
Weighted average shares, basic‡ millions of shares	66	69	70	72
Weighted average shares, diluted‡ millions of shares	66	69	70	72

‡ 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 years (VRNO's year ends in late December)

In millions of dollars	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	85	175	88	83
Accounts receivable	17	39	40	31
Inventory	165	141	184	230
Prepaid and other current assets	49	38	13	21
Total current assets	318	394	358	405
Property and equipment, net	526	501	538	492
Right-of-use asset	82	93	100	94
Goodwill	269	231	246	161
Total assets	2,396	2,319	1,989	1,742
Accounts payable	41	31	40	39
Accrued liabilities	42	67	69	69
Current portion of long-term debt	24	52	18	8
Total current liabilities	387	412	198	140
Long-term debt	389	394	396	392
Lease liability, non-current	77	87	98	91
Total liabilities	1,055	1,079	1,038	1,039
Accumulated deficit	—	—	(784)	(1,042)
Total stockholders' equity	1,342	1,240	952	704
Total liabilities and equity	2,396	2,319	1,989	1,742
Common shares outstanding (cover page)‡ millions of shares	68	—	—	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 years (VRNO's year ends in late December)

In millions of dollars	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(269)	(117)	(342)	(258)
Stock-based compensation	39	13	17	12
Depreciation and amortization	141	141	140	124
Net cash from operating activities	94	110	112	53
Purchases of property and equipment	119	36	99	41
Net cash from investing activities	(208)	(47)	(133)	(33)
Dividends paid	0	—	—	—
Proceeds from long-term debt	497	79	0	62
Repayments of long-term debt	374	50	63	78
Net cash from financing activities	99	28	(66)	(25)

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.