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| Date | Value |
|---|---|
| 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 |