Verano Holdings (VRNO) EBT Margin (2021 - 2026)
Verano Holdings' (VRNO) quarterly EBT Margin came in at 4.81% in Q2 2026, down 1272.0% year-over-year from 0.41% in Q2 2025, and down 61.57% quarter-over-quarter from 2.98% in Q1 2026.
Analysis
Verano Holdings (VRNO) EBT Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported EBT Margin for 6 consecutive years, with 4.81% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBT Margin fell 1272.0% year-over-year to 4.81% in Q2 2026; TTM through Jun 2026 was 24.51%, a 1015.0% increase from a year earlier, with the FY2025 full-year figure at 20.23%, up 1390.0% from the prior year.
- EBT Margin was 4.81% for Q2 2026 at Verano Holdings, down from 2.98% in the prior quarter.
- Over five years, EBT Margin peaked at 12.65% in Q1 2022 and troughed at 145.85% in Q4 2024.
- A 5-year average of 15.83% and a median of 2.06% in 2025 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin soared 8200 bps in 2023 and sank 13196 bps in 2024, its largest moves.
- Over 5 years, EBT Margin stood at 95.89% in 2022, then surged by 86 bps to 13.89% in 2023, then slumped by 950 bps to 145.85% in 2024, then jumped by 43 bps to 83.57% in 2025, then surged by 94 bps to 4.81% in 2026.
- The last three EBT Margin figures came in at 4.81% (Q2 2026), 2.98% (Q1 2026), and 83.57% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | -7.74% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | -141.50% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 5.20% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 50.59% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | -3.21% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 6.78% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | -18.23% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | -4.81% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | -14.65% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | -4.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.81% |
| Mar 31, 2026 | -2.98% |
| Dec 31, 2025 | -83.57% |
| Sep 30, 2025 | -7.59% |
| Jun 30, 2025 | 7.91% |
| Mar 31, 2025 | 2.78% |
| Dec 31, 2024 | -145.85% |
| Sep 30, 2024 | 1.34% |
| Jun 30, 2024 | 3.94% |
| Mar 31, 2024 | 3.01% |
| Dec 31, 2023 | -13.89% |
| Sep 30, 2023 | 11.26% |
| Jun 30, 2023 | 6.24% |
| Mar 31, 2023 | 8.40% |
| Dec 31, 2022 | -95.89% |
| Sep 30, 2022 | 11.59% |
| Jun 30, 2022 | 0.56% |
| Mar 31, 2022 | 12.65% |
| Dec 31, 2021 | 14.30% |
| Sep 30, 2021 | 7.33% |