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

Vireo Growth (VREOF) reported Operating Expenses of $50.3 million for Q1 2026, up 383.65% on a YoY basis from $10.4 million in Q1 2025, and down 14.31% sequentially from $58.7 million in Q4 2025.

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

Vireo Growth (VREOF) has 7 years of Operating Expenses data on file, last reported at $50.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 383.65% year-over-year to $50.3 million; the trailing twelve-month figure through Mar 2026 stood at $168.0 million (up 318.73% YoY), and the FY2025 full-year result was $128.1 million, up 244.4% from the prior year.
  • Operating Expenses declined to $50.3 million in Q1 2026, 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.
  • A 5-year average of $16.9 million and a median of $10.1 million in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses fell 25.23% in 2024 and soared 383.65% in 2026, its largest moves.
  • Tracing VREOF's Operating Expenses over 5 years: stood at $7.8 million in 2022, then fell by 14.59% to $6.7 million in 2023, then soared by 102.2% to $13.5 million in 2024, then jumped by 335.0% to $58.7 million in 2025, then dropped by 14.31% to $50.3 million in 2026.
  • Business Quant data shows VREOF's Operating Expenses at $50.3 million in Q1 2026, $58.7 million in Q4 2025, and $36.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 1.00 Bn
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 788.00 Mn
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn 12.58 Bn
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 455.70 Mn
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 1.24 Bn
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 621.10 Mn
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 494.00 Mn
10 Vireo Growth 10.53 Bn 10.38 Bn 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