Verano Holdings (VRNO) Capital Expenditures (2021 - 2026)
Verano Holdings (VRNO) posted Capital Expenditures of $11.87 million for Q2 2026, up 13.4% from $10.47 million a year earlier but down 20.5% from the prior quarter.
Powered by 
Analysis
Verano Holdings (VRNO) Capital Expenditures (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Capital Expenditures at Verano Holdings was $43.7 million, down 54.1% year-over-year; for FY2025, it came in at $41.23 million, down 58.4% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of -7.3% (FY2020 to FY2025).
- In prior years, Verano Holdings' Capital Expenditures was $99.05 million in FY2024 (+172.6%), $36.33 million in FY2023 (-69.5%), $119.17 million in FY2022 (-15.6%) and $141.27 million in FY2021 (+134.8%).
- Quarterly Capital Expenditures has run from a low of $7.46 million in Q3 2025 to a high of $56.59 million in Q3 2024 over five years.
- On a year-over-year basis, Capital Expenditures increased in five of the last eight quarters, with growth averaging 51.6%.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q3 2024, with growth of 468.0%; the weakest was Q3 2025, with a decline of 86.8%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $14.94 million (Q1 2026), $9.43 million (Q4 2025) and $7.46 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 382.00 Mn |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 109.00 Mn |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 17.07 Mn |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 13.14 Mn |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 29.02 Mn |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 20.24 Mn |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 9.95 Mn |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 1.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.14 Mn |
| Jun 30, 2026 | 11.87 Mn |
| Mar 31, 2026 | 14.94 Mn |
| Dec 31, 2025 | 9.43 Mn |
| Sep 30, 2025 | 7.46 Mn |
| Jun 30, 2025 | 10.47 Mn |
| Mar 31, 2025 | 13.86 Mn |
| Dec 31, 2024 | 14.25 Mn |
| Sep 30, 2024 | 56.59 Mn |
| Jun 30, 2024 | 18.52 Mn |
| Mar 31, 2024 | 9.70 Mn |
| Dec 31, 2023 | 9.83 Mn |
| Sep 30, 2023 | 9.96 Mn |
| Jun 30, 2023 | 7.99 Mn |
| Mar 31, 2023 | 8.56 Mn |
| Dec 31, 2022 | 9.45 Mn |
| Sep 30, 2022 | 22.87 Mn |
| Jun 30, 2022 | 38.55 Mn |
| Mar 31, 2022 | 48.30 Mn |
| Dec 31, 2021 | 49.31 Mn |
API Access
Verano Holdings Capital Expenditures 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=capital-expenditures&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "VRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();