Verano Holdings (VRNO) EBITDA (2021 - 2026)
Verano Holdings' EBITDA came in at $32.57 million for Q2 2026, down 43.5% from $57.7 million a year earlier and down 23.0% from the prior quarter.
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Analysis
Verano Holdings (VRNO) EBITDA (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Verano Holdings reported EBITDA of -$12.57 million; for FY2025, it came in at $17.06 million.
- EBITDA carries a five-year compound annual growth rate of -30.6% (FY2020 to FY2025).
- Going back by year, EBITDA was -$97.51 million in FY2024, $225.92 million in FY2023, -$13.12 million in FY2022 and $163.52 million in FY2021 (+54.6%).
- The five-year range for quarterly EBITDA is -$272.37 million (Q4 2024) to $75.55 million (Q3 2023).
- The fastest year-over-year change in EBITDA over five years came in Q2 2023 (growth of 88.5%), and the weakest in Q2 2026 (a decline of 43.5%).
- Business Quant data shows VRNO's EBITDA at $42.29 million (Q1 2026), -$128.27 million (Q4 2025) and $40.84 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 5.38 Bn |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 3.37 Bn |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 54.48 Mn |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 41.71 Mn |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 60.19 Mn |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 73.21 Mn |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 13.74 Mn |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 12.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 41.71 Mn |
| Jun 30, 2026 | 32.57 Mn |
| Mar 31, 2026 | 42.29 Mn |
| Dec 31, 2025 | -128.27 Mn |
| Sep 30, 2025 | 40.84 Mn |
| Jun 30, 2025 | 57.70 Mn |
| Mar 31, 2025 | 46.79 Mn |
| Dec 31, 2024 | -272.37 Mn |
| Sep 30, 2024 | 53.64 Mn |
| Jun 30, 2024 | 63.00 Mn |
| Mar 31, 2024 | 58.22 Mn |
| Dec 31, 2023 | 15.86 Mn |
| Sep 30, 2023 | 75.55 Mn |
| Jun 30, 2023 | 65.67 Mn |
| Mar 31, 2023 | 69.87 Mn |
| Dec 31, 2022 | -170.23 Mn |
| Sep 30, 2022 | 75.27 Mn |
| Jun 30, 2022 | 34.83 Mn |
| Mar 31, 2022 | 47.01 Mn |
| Dec 31, 2021 | 61.37 Mn |
API Access
Verano Holdings EBITDA 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=ebitda&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();