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 -30.2% (FY2020 to FY2025).
- Going back by year, EBITDA was -$97.51 million in FY2024, $225.92 million in FY2023, -$19.74 million in FY2022 and $160.96 million in FY2021 (+56.5%).
- 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 97.9%), 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 | 302.14 Bn | 283.71 Bn | 7.66 Bn | 5.04 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 3.19 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 52.83 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 20.64 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -344.80 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 53.14 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.78 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 32.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 68.84 Mn |
| Dec 31, 2022 | -171.82 Mn |
| Sep 30, 2022 | 73.39 Mn |
| Jun 30, 2022 | 33.19 Mn |
| Mar 31, 2022 | 45.50 Mn |
| Dec 31, 2021 | 60.05 Mn |
| Sep 30, 2021 | 52.58 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();