Verano Holdings (VRNO) Common Equity (2021 - 2026)
Verano Holdings (VRNO) posted Common Equity of $671.89 million for Q3 2026, down 24.2% from $885.86 million a year earlier and down 0.7% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Common Equity (2021 - 2026) Analysis & Trends
At the end of FY2025, Verano Holdings' Common Equity came in at $704.16 million, down 25.9% from FY2024.
- Annual Common Equity has declined for four consecutive years, with a four-year compound annual growth rate of -17.0% (FY2021 to FY2025).
- In prior years, Verano Holdings' Common Equity was $950.82 million in FY2024 (-23.3%), $1.24 billion in FY2023 (-7.6%), $1.34 billion in FY2022 (-9.4%) and $1.48 billion in FY2021.
- The Q3 2026 figure stands as the lowest quarterly Common Equity in data going back to Q4 2021.
- On a year-over-year basis, Common Equity has declined in each of the last 14 quarters, with an average decline of 25.4% over the last eight quarters.
- The year-over-year decline in Common Equity has ranged between 7.3% (Q3 2024) and 27.3% (Q3 2025) over the last five years.
- According to Business Quant data, Common Equity for the three prior quarters was $676.53 million (Q2 2026), $686.57 million (Q1 2026) and $704.16 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | -7.94 Bn |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | 61.61 Bn |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | -2.23 Bn |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 2.30 Bn |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 847.03 Mn |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 671.89 Mn |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 771.54 Mn |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 1.86 Bn |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 1.12 Bn |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 449.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 671.89 Mn |
| Jun 30, 2026 | 674.71 Mn |
| Mar 31, 2026 | 686.57 Mn |
| Dec 31, 2025 | 704.16 Mn |
| Sep 30, 2025 | 884.09 Mn |
| Jun 30, 2025 | 925.46 Mn |
| Mar 31, 2025 | 941.60 Mn |
| Dec 31, 2024 | 950.82 Mn |
| Sep 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 1.24 Bn |
| Dec 31, 2023 | 1.24 Bn |
| Sep 30, 2023 | 1.31 Bn |
| Jun 30, 2023 | 1.33 Bn |
| Mar 31, 2023 | 1.34 Bn |
| Dec 31, 2022 | 1.34 Bn |
| Sep 30, 2022 | 1.54 Bn |
| Jun 30, 2022 | 1.55 Bn |
| Dec 31, 2021 | 1.48 Bn |
API Access
Verano Holdings Common Equity 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=common-equity&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();