Verano Holdings (VRNO) Cost of Revenue (2021 - 2026)

Verano Holdings (VRNO) has 6 years of Cost of Revenue data on file, last reported at $109.2 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $109.2 million, down 0.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $407.0 million (down 6.77% YoY), and the FY2025 annual result was $408.0 million, down 6.13% from the prior year.
• Cost of Revenue advanced to $109.2 million in Q1 2026 per VRNO's latest filing, from $100.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $125.5 million in Q2 2022 and troughed at $1.1 million in Q1 2022.
• A 5-year average of $104.1 million and a median of $108.3 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 11104.85% in 2023, then declined 17.36% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $122.6 million in 2022, then dropped by 2.46% to $119.6 million in 2023, then declined by 7.45% to $110.7 million in 2024, then declined by 8.81% to $100.9 million in 2025, then gained by 8.21% to $109.2 million in 2026.
• Business Quant data shows VRNO's Cost of Revenue at $109.2 million in Q1 2026, $100.9 million in Q4 2025, and $107.6 million in Q3 2025.