Verano Holdings (VRNO) EBT (2021 - 2026)

Verano Holdings (VRNO) reported EBT of -$6.2 million for Q1 2026, down 206.27% year-over-year from $5.8 million in Q1 2025, and up 96.41% quarter-over-quarter from -$172.7 million in Q4 2025.

Verano Holdings (VRNO) EBT (2021 - 2026) Analysis & Trends

Verano Holdings (VRNO) has 6 years of EBT data on file, last reported at -$6.2 million in Q1 2026.

  • EBT for Q1 2026 came in at -$6.2 million, down 206.27% year-over-year; the trailing twelve-month figure through Mar 2026 was -$178.3 million (up 40.72% YoY), and the FY2025 annual result was -$166.2 million, up 44.57% from the prior year.
  • EBT climbed to -$6.2 million in Q1 2026 per VRNO's latest filing, from -$172.7 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 -$35.8 million and a median of $5.8 million in 2025 frame the typical range for EBT.
  • The sharpest annual moves came in 2023 and 2024: EBT soared 1063.85% in 2023, then tumbled 866.26% in 2024.
  • A 5-year view of EBT shows it stood at -$216.6 million in 2022, then jumped by 84.8% to -$32.9 million in 2023, then plunged by 866.26% to -$318.2 million in 2024, then surged by 45.74% to -$172.7 million in 2025, then surged by 96.41% to -$6.2 million in 2026.
  • Business Quant data shows VRNO's EBT at -$6.2 million in Q1 2026, -$172.7 million in Q4 2025, and -$15.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 437.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 758.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 318.30 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 17.47 Mn
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 246.80 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 87.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -61.93 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -101.55 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 156.41 Mn
10 Verano Holdings - - 98.98 Mn -6.20 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 -6.15 Mn