Verano Holdings (VRNO) Debt to Equity (2021 - 2026)
Verano Holdings (VRNO) reported Debt to Equity of $0.56 for Q1 2026, up 30.35% year-over-year from $0.43 in Q1 2025, and down 1.37% quarter-over-quarter from $0.57 in Q4 2025.
Verano Holdings (VRNO) Debt to Equity (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has 6 years of Debt to Equity data on file, last reported at $0.56 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $0.56, up 30.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.56 (up 30.35% YoY), and the FY2025 annual result was $0.57, up 30.42% from the prior year.
- Debt to Equity fell to $0.56 in Q1 2026 per VRNO's latest filing, from $0.57 in the prior quarter.
- Over five years, Debt to Equity peaked at $0.57 in Q4 2025 and troughed at $0.14 in Q2 2022.
- A 5-year average of $0.37 and a median of $0.35 in 2024 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2023 and 2024: Debt to Equity surged 122.27% in 2023, then climbed 7.18% in 2024.
- A 5-year view of Debt to Equity shows it stood at $0.31 in 2022, then climbed by 16.73% to $0.36 in 2023, then grew by 21.12% to $0.44 in 2024, then surged by 30.42% to $0.57 in 2025, then declined by 1.37% to $0.56 in 2026.
- Business Quant data shows VRNO's Debt to Equity at $0.56 in Q1 2026, $0.57 in Q4 2025, and $0.45 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 2.02 |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 2.80 |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | - |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 0.01 |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | - |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 0.61 |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | 0.86 |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | - |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 0.47 |
| 10 | Verano Holdings | - | - | 98.98 Mn | 0.56 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.56 |
| Dec 31, 2025 | 0.57 |
| Sep 30, 2025 | 0.45 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.43 |
| Dec 31, 2024 | 0.44 |
| Sep 30, 2024 | 0.34 |
| Jun 30, 2024 | 0.32 |
| Mar 31, 2024 | 0.36 |
| Dec 31, 2023 | 0.36 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.30 |
| Mar 31, 2023 | 0.31 |
| Dec 31, 2022 | 0.31 |
| Sep 30, 2022 | 0.28 |
| Jun 30, 2022 | 0.14 |
| Dec 31, 2021 | 0.20 |