Vireo Growth (VREOF) Operating Expenses (2020 - 2026)

Vireo Growth's (VREOF) quarterly Operating Expenses came in at $50.3 million in Q1 2026, up 383.65% year-on-year from $10.4 million in Q1 2025, and down 14.31% quarter-over-quarter from $58.7 million in Q4 2025.

Vireo Growth (VREOF) Operating Expenses (2020 - 2026) Analysis & Trends

Vireo Growth has disclosed Operating Expenses across 7 years of filings, most recently posting $50.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $50.3 million, up 383.65% year-over-year; the trailing twelve-month figure through Mar 2026 was $168.0 million (up 318.73% YoY), and the FY2025 annual result was $128.1 million, up 244.4% from the prior year.
  • Operating Expenses came in at $50.3 million for Q1 2026 at Vireo Growth, down from $58.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $58.7 million in Q4 2025 to a low of $6.7 million in Q4 2023.
  • The 5-year median for Operating Expenses is $10.1 million (2022), against an average of $16.9 million.
  • Across the five-year window, Operating Expenses fell 25.23% in 2024 and soared 383.65% in 2026, its largest moves.
  • Vireo Growth's 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 declined by 14.31% to $50.3 million in 2026.
  • The last three Operating Expenses figures came in at $50.3 million (Q1 2026), $58.7 million (Q4 2025), and $36.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 526.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 788.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 455.70 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 19.40 Mn
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 621.10 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 478.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 441.19 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 475.11 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 96.91 Mn
10 Vireo Growth - - 59.30 Mn 50.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 50.30 Mn
Dec 31, 2025 58.70 Mn
Sep 30, 2025 36.57 Mn
Jun 30, 2025 22.44 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
Jun 30, 2021 10.16 Mn