Vireo Growth (VREOF) Invested Capital (2020 - 2026)
Vireo Growth's Invested Capital came in at $741.3 million for Q2 2026, up 96.5% from $377.3 million a year earlier and up 46.0% from the prior quarter.
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Analysis
Vireo Growth (VREOF) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Vireo Growth's Invested Capital was $451.3 million, up 283.0% from FY2024.
- Invested Capital has increased in each of the last three years, with a five-year compound annual growth rate of 48.0% (FY2020 to FY2025).
- Going back by year, Invested Capital was $117.84 million in FY2024 (+12.9%), $104.4 million in FY2023 (+69.8%), $61.47 million in FY2022 (-12.6%) and $70.34 million in FY2021 (+10.8%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2020.
- Year-over-year, Invested Capital has increased for eight consecutive quarters, with growth averaging 314.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2025 (growth of 841.7%), and the weakest in Q3 2023 (a decline of 35.3%).
- Business Quant data shows VREOF's Invested Capital at $507.7 million (Q1 2026), $451.3 million (Q4 2025) and $393.6 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 312.80 Bn | 292.44 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 132.04 Bn | 108.41 Bn | - | 108.08 Bn |
| 3 | Altria | 126.64 Bn | 112.79 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.11 Bn | 1.72 Bn | 169.91 Mn | 1.48 Bn |
| 5 | Trulieve Cannabis | 2.10 Bn | 715.63 Mn | 162.29 Mn | 954.03 Mn |
| 6 | RLX Technology | 2.01 Bn | -1.76 Bn | 52.74 Mn | 2.32 Bn |
| 7 | Green Thumb Industries | 1.41 Bn | 259.63 Mn | 137.87 Mn | 2.43 Bn |
| 8 | Turning Point Brands | 1.33 Bn | 439.35 Mn | 93.70 Mn | 748.17 Mn |
| 9 | Cronos | 1.29 Bn | -1.99 Bn | 28.45 Mn | - |
| 10 | Vireo Growth | 383.69 Mn | -120.86 Mn | 95.30 Mn | 742.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 742.60 Mn |
| Mar 31, 2026 | 509.00 Mn |
| Dec 31, 2025 | 452.60 Mn |
| Sep 30, 2025 | 395.25 Mn |
| Jun 30, 2025 | 377.30 Mn |
| Mar 31, 2025 | 113.10 Mn |
| Dec 31, 2024 | 117.84 Mn |
| Sep 30, 2024 | 46.97 Mn |
| Jun 30, 2024 | 40.06 Mn |
| Mar 31, 2024 | 38.32 Mn |
| Dec 31, 2023 | 104.40 Mn |
| Sep 30, 2023 | 46.64 Mn |
| Jun 30, 2023 | 49.84 Mn |
| Mar 31, 2023 | 56.14 Mn |
| Dec 31, 2022 | 61.47 Mn |
| Sep 30, 2022 | 72.10 Mn |
| Jun 30, 2022 | 69.84 Mn |
| Mar 31, 2022 | 60.29 Mn |
| Dec 31, 2021 | 70.34 Mn |
| Sep 30, 2021 | 74.33 Mn |
API Access
Vireo Growth Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=VREOF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "VREOF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=VREOF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();