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.

• On a quarterly basis, Cost of Revenue fell 0.93% year-over-year to $109.2 million in Q1 2026; TTM through Mar 2026 was $407.0 million, a 6.77% decrease from a year earlier, with the FY2025 full-year figure at $408.0 million, down 6.13% from the prior year.
• Cost of Revenue for Q1 2026 stood at $109.2 million, up from $100.9 million in the prior quarter.
• Over the last five years, Cost of Revenue for VRNO reached as high as $125.5 million in Q2 2022 and fell as low as $1.1 million in Q1 2022.
• Historically, Cost of Revenue has averaged $104.1 million across 5 years, with a median of $108.3 million in 2024.
• Across the five-year window, Cost of Revenue surged 11104.85% in 2023 and slipped 17.36% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $122.6 million in 2022, then retreated by 2.46% to $119.6 million in 2023, then decreased by 7.45% to $110.7 million in 2024, then decreased by 8.81% to $100.9 million in 2025, then grew by 8.21% to $109.2 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $109.2 million in Q1 2026, $100.9 million in Q4 2025, and $107.6 million in Q3 2025.