Verano Holdings (VRNO) Enterprise Value (2021 - 2026)
Verano Holdings (VRNO) recorded Enterprise Value of $2.39 billion in Q3 2026, down 1.0% from $2.42 billion a year earlier and down 12.9% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Enterprise Value (2021 - 2026) Analysis & Trends
For FY2025, Verano Holdings reported Enterprise Value of $2.2 billion, down 15.6% from FY2024.
- Annual Enterprise Value has a four-year compound annual growth rate of -42.6% (FY2021 to FY2025).
- Across earlier years, Enterprise Value came in at $2.61 billion in FY2024 (-82.3%), $14.76 billion in FY2023 (+43.1%), $10.32 billion in FY2022 (-49.2%) and $20.3 billion in FY2021.
- Quarterly Enterprise Value has ranged from $1.01 billion in Q2 2025 to $20.3 billion in Q4 2021 over the past five years.
- On a year-over-year basis, Enterprise Value rose in two of the last eight quarters, with an average decline of 15.3%.
- Peak year-over-year performance for Enterprise Value in the last five years was growth of 171.9% in Q2 2026, against a decline of 89.6% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.75 billion (Q2 2026), $1.95 billion (Q1 2026) and $2.2 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.29 Bn |
| Jun 30, 2026 | 2.75 Bn |
| Mar 31, 2026 | 1.95 Bn |
| Dec 31, 2025 | 2.20 Bn |
| Sep 30, 2025 | 2.92 Bn |
| Jun 30, 2025 | 1.01 Bn |
| Mar 31, 2025 | 1.32 Bn |
| Dec 31, 2024 | 2.61 Bn |
| Sep 30, 2024 | 7.16 Bn |
| Jun 30, 2024 | 7.68 Bn |
| Mar 31, 2024 | 12.70 Bn |
| Dec 31, 2023 | 14.76 Bn |
| Sep 30, 2023 | 15.04 Bn |
| Jun 30, 2023 | 9.73 Bn |
| Mar 31, 2023 | 9.64 Bn |
| Dec 31, 2022 | 10.32 Bn |
| Sep 30, 2022 | 7.74 Bn |
| Jun 30, 2022 | 9.30 Bn |
| Mar 31, 2022 | 16.30 Bn |
| Dec 31, 2021 | 20.30 Bn |
API Access
Verano Holdings Enterprise Value 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=enterprise-value&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();