Verano Holdings (VRNO) Cash from Operations (2021 - 2026)
Verano Holdings (VRNO) reported Cash from Operations of $30.62 million for Q2 2026, up 181.0% from $10.9 million a year earlier and up 64.8% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Cash from Operations (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Verano Holdings' Cash from Operations came in at $89.38 million, up 4.0% year-over-year; for FY2025, it came in at $52.86 million, down 52.9% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of -5.9% (FY2020 to FY2025).
- By year, Cash from Operations came in at $112.2 million in FY2024 (+2.3%), $109.71 million in FY2023 (+16.3%), $94.35 million in FY2022 (-48.4%) and $182.87 million in FY2021 (+155.3%).
- The Q2 2026 figure ranks as the highest quarterly Cash from Operations since Q4 2024.
- Year over year, Cash from Operations gained in four of the last eight quarters, with growth averaging 125.1%.
- The high point for year-over-year Cash from Operations in five years was Q1 2026 (growth of 940.7%); the low point was Q1 2025 (a decline of 94.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $18.59 million (Q1 2026), $13.82 million (Q4 2025) and $26.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 5.49 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 719.00 Mn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 29.32 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -9.32 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 53.14 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 29.01 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 24.01 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 26.33 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 30.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.62 Mn |
| Mar 31, 2026 | 18.59 Mn |
| Dec 31, 2025 | 13.82 Mn |
| Sep 30, 2025 | 26.35 Mn |
| Jun 30, 2025 | 10.90 Mn |
| Mar 31, 2025 | 1.79 Mn |
| Dec 31, 2024 | 43.50 Mn |
| Sep 30, 2024 | 29.73 Mn |
| Jun 30, 2024 | 7.92 Mn |
| Mar 31, 2024 | 31.04 Mn |
| Dec 31, 2023 | 32.35 Mn |
| Sep 30, 2023 | 36.62 Mn |
| Jun 30, 2023 | 23.88 Mn |
| Mar 31, 2023 | 16.86 Mn |
| Dec 31, 2022 | 29.04 Mn |
| Sep 30, 2022 | 21.66 Mn |
| Jun 30, 2022 | 9.19 Mn |
| Mar 31, 2022 | 34.46 Mn |
| Dec 31, 2021 | 63.01 Mn |
| Sep 30, 2021 | 63.02 Mn |
API Access
Verano Holdings Cash from Operations 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=cash-from-operations&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();