Verano Holdings (VRNO) EBITDA (2021 - 2026)
Verano Holdings' (VRNO) quarterly EBITDA came in at $3.1 million in Q2 2026, down 88.01% year-over-year from $26.2 million in Q2 2025, and down 76.01% quarter-over-quarter from $13.1 million in Q1 2026.
Analysis
Verano Holdings (VRNO) EBITDA (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported EBITDA for 6 consecutive years, with $3.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA fell 88.01% year-over-year to $3.1 million in Q2 2026; TTM through Jun 2026 was -$132.1 million, a 46.29% increase from a year earlier, with the FY2025 full-year figure at -$107.1 million, up 54.85% from the prior year.
- EBITDA was $3.1 million for Q2 2026 at Verano Holdings, down from $13.1 million in the prior quarter.
- Over five years, EBITDA peaked at $40.3 million in Q3 2023 and troughed at -$303.9 million in Q4 2024.
- A 5-year average of -$22.5 million and a median of $14.1 million in 2025 frame the typical range for EBITDA.
- Across the five-year window, EBITDA surged 1427.66% in 2023 and sank 1441.77% in 2024, its largest moves.
- Over 5 years, EBITDA stood at -$207.0 million in 2022, then surged by 90.48% to -$19.7 million in 2023, then slumped by 1441.77% to -$303.9 million in 2024, then jumped by 48.14% to -$157.6 million in 2025, then surged by 101.99% to $3.1 million in 2026.
- The last three EBITDA figures came in at $3.1 million (Q2 2026), $13.1 million (Q1 2026), and -$157.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.69 Bn | 2.60 Bn | 169.91 Mn | 24.29 Mn |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.99 Bn | 162.29 Mn | -370.52 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | 19.97 Mn |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 7.40 Mn |
| 5 | Glass House Brands | 672.69 Mn | 654.14 Mn | 15.77 Mn | 5.69 Mn |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | -4.60 Mn |
| 7 | Tilray Brands | 475.29 Mn | 240.66 Mn | 90.52 Mn | -16.45 Mn |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | 3.14 Mn |
| 9 | Canopy Growth | 407.36 Mn | 160.35 Mn | 16.08 Mn | -15.98 Mn |
| 10 | Sndl | 363.80 Mn | 231.26 Mn | 40.74 Mn | -5.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.14 Mn |
| Mar 31, 2026 | 13.10 Mn |
| Dec 31, 2025 | -157.58 Mn |
| Sep 30, 2025 | 9.28 Mn |
| Jun 30, 2025 | 26.21 Mn |
| Mar 31, 2025 | 15.00 Mn |
| Dec 31, 2024 | -303.88 Mn |
| Sep 30, 2024 | 16.77 Mn |
| Jun 30, 2024 | 27.27 Mn |
| Mar 31, 2024 | 22.67 Mn |
| Dec 31, 2023 | -19.71 Mn |
| Sep 30, 2023 | 40.29 Mn |
| Jun 30, 2023 | 30.43 Mn |
| Mar 31, 2023 | 33.78 Mn |
| Dec 31, 2022 | -206.98 Mn |
| Sep 30, 2022 | 37.08 Mn |
| Jun 30, 2022 | -2.29 Mn |
| Mar 31, 2022 | 11.06 Mn |
| Dec 31, 2021 | 29.43 Mn |
| Sep 30, 2021 | 23.01 Mn |