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| Date | Value |
|---|---|
| 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 |