Vireo Growth (VREOF) Operating Expenses (2020 - 2026)
Vireo Growth's (VREOF) quarterly Operating Expenses came in at $101.6 million in Q2 2026, up 353.57% year-over-year from $22.4 million in Q2 2025, and up 101.99% quarter-over-quarter from $50.3 million in Q1 2026.
Analysis
Vireo Growth (VREOF) Operating Expenses (2020 - 2026) Analysis & Trends
Vireo Growth has disclosed Operating Expenses across 7 years of filings, most recently posting $101.6 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 353.57% year-over-year to $101.6 million; the TTM figure through Jun 2026 stood at $247.2 million (up 351.32% YoY), while the FY2025 annual figure was $128.1 million, up 244.4% from the prior year.
- Operating Expenses came in at $101.6 million for Q2 2026 at Vireo Growth, up from $50.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $101.6 million in Q2 2026 to a low of $6.7 million in Q4 2023.
- Average Operating Expenses over 5 years is $21.6 million, with a median of $10.2 million recorded in 2022.
- Year-over-year, Operating Expenses retreated 25.23% in 2024 and jumped 383.65% in 2026.
- Over 5 years, Operating Expenses stood at $7.8 million in 2022, then retreated by 14.59% to $6.7 million in 2023, then jumped by 102.2% to $13.5 million in 2024, then surged by 335.0% to $58.7 million in 2025, then soared by 73.09% to $101.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $101.6 million in Q2 2026, $50.3 million in Q1 2026, and $58.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.65 Bn | 2.56 Bn | 169.91 Mn | 165.69 Mn |
| 2 | Trulieve Cannabis | 2.29 Bn | 1.97 Bn | 162.29 Mn | 532.81 Mn |
| 3 | Green Thumb Industries | 1.70 Bn | 1.42 Bn | 137.87 Mn | 117.91 Mn |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 21.05 Mn |
| 5 | Glass House Brands | 669.01 Mn | 650.45 Mn | 15.77 Mn | 18.76 Mn |
| 6 | Vireo Growth | 547.35 Mn | 405.05 Mn | 95.30 Mn | 101.60 Mn |
| 7 | Tilray Brands | 470.70 Mn | 236.07 Mn | 90.52 Mn | 106.98 Mn |
| 8 | Verano Holdings | 437.36 Mn | 352.16 Mn | 99.70 Mn | 96.56 Mn |
| 9 | Canopy Growth | 406.56 Mn | 159.54 Mn | 16.08 Mn | 32.06 Mn |
| 10 | Sndl | 361.28 Mn | 228.73 Mn | 40.74 Mn | 31.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 101.60 Mn |
| Mar 31, 2026 | 50.30 Mn |
| Dec 31, 2025 | 58.70 Mn |
| Sep 30, 2025 | 36.57 Mn |
| Jun 30, 2025 | 22.40 Mn |
| Mar 31, 2025 | 10.40 Mn |
| Dec 31, 2024 | 13.49 Mn |
| Sep 30, 2024 | 8.47 Mn |
| Jun 30, 2024 | 7.76 Mn |
| Mar 31, 2024 | 7.48 Mn |
| Dec 31, 2023 | 6.67 Mn |
| Sep 30, 2023 | 7.33 Mn |
| Jun 30, 2023 | 10.37 Mn |
| Mar 31, 2023 | 9.15 Mn |
| Dec 31, 2022 | 7.81 Mn |
| Sep 30, 2022 | 9.73 Mn |
| Jun 30, 2022 | 10.06 Mn |
| Mar 31, 2022 | 10.25 Mn |
| Dec 31, 2021 | 10.41 Mn |
| Sep 30, 2021 | 9.25 Mn |