Verano Holdings (VRNO) EBT (2021 - 2026)
Verano Holdings' (VRNO) quarterly EBT came in at -$10.5 million in Q2 2026, down 165.53% year-over-year from $16.0 million in Q2 2025, and down 69.13% quarter-over-quarter from -$6.2 million in Q1 2026.
Analysis
Verano Holdings (VRNO) EBT (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported EBT for 6 consecutive years, with -$10.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBT fell 165.53% year-over-year to -$10.5 million in Q2 2026; TTM through Jun 2026 was -$204.8 million, a 30.24% increase from a year earlier, with the FY2025 full-year figure at -$166.2 million, up 44.57% from the prior year.
- EBT was -$10.5 million for Q2 2026 at Verano Holdings, down from -$6.2 million in the prior quarter.
- Over five years, EBT peaked at $27.0 million in Q3 2023 and troughed at -$318.2 million in Q4 2024.
- A 5-year average of -$34.4 million and a median of $4.4 million in 2024 frame the typical range for EBT.
- Across the five-year window, EBT surged 1063.85% in 2023 and plunged 866.26% in 2024, its largest moves.
- Over 5 years, EBT stood at -$216.6 million in 2022, then soared by 84.8% to -$32.9 million in 2023, then sank by 866.26% to -$318.2 million in 2024, then jumped by 45.74% to -$172.7 million in 2025, then surged by 93.93% to -$10.5 million in 2026.
- The last three EBT figures came in at -$10.5 million (Q2 2026), -$6.2 million (Q1 2026), and -$172.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.69 Bn | 2.60 Bn | 169.91 Mn | -26.31 Mn |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.99 Bn | 162.29 Mn | -383.40 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | 15.95 Mn |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 35.71 Mn |
| 5 | Glass House Brands | 672.69 Mn | 654.14 Mn | 15.77 Mn | -1.51 Mn |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | 14.20 Mn |
| 7 | Tilray Brands | 475.29 Mn | 240.66 Mn | 90.52 Mn | -51.36 Mn |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | -10.49 Mn |
| 9 | Canopy Growth | 407.36 Mn | 160.35 Mn | 16.08 Mn | -10.63 Mn |
| 10 | Sndl | 363.80 Mn | 231.26 Mn | 40.74 Mn | -6.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.49 Mn |
| Mar 31, 2026 | -6.20 Mn |
| Dec 31, 2025 | -172.68 Mn |
| Sep 30, 2025 | -15.39 Mn |
| Jun 30, 2025 | 16.00 Mn |
| Mar 31, 2025 | 5.83 Mn |
| Dec 31, 2024 | -318.25 Mn |
| Sep 30, 2024 | 2.91 Mn |
| Jun 30, 2024 | 8.77 Mn |
| Mar 31, 2024 | 6.66 Mn |
| Dec 31, 2023 | -32.94 Mn |
| Sep 30, 2023 | 27.03 Mn |
| Jun 30, 2023 | 14.62 Mn |
| Mar 31, 2023 | 19.08 Mn |
| Dec 31, 2022 | -216.64 Mn |
| Sep 30, 2022 | 26.39 Mn |
| Jun 30, 2022 | 1.26 Mn |
| Mar 31, 2022 | 25.59 Mn |
| Dec 31, 2021 | 30.22 Mn |
| Sep 30, 2021 | 15.12 Mn |