Verano Holdings (VRNO) Enterprise Value (2021 - 2026)
Verano Holdings (VRNO) recorded Enterprise Value of $869.22 million in Q2 2026, down 14.0% from $1.01 billion a year earlier and down 78.1% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Enterprise Value (2021 - 2026) Analysis & Trends
On a TTM basis, Verano Holdings' Enterprise Value came in at $629.84 million as of Jun 30, 2026, down 18.6% year-over-year; for FY2025, it came in at $4.51 billion, up 3.0% from FY2024.
- Annual Enterprise Value has a four-year compound annual growth rate of -31.4% (FY2021 to FY2025).
- Across earlier years, Enterprise Value came in at $4.37 billion in FY2024 (-71.3%), $15.24 billion in FY2023 (+47.7%), $10.32 billion in FY2022 (-49.2%) and $20.3 billion in FY2021.
- The Q2 2026 figure is the lowest quarterly Enterprise Value in data going back to Q2 2021.
- On a year-over-year basis, Enterprise Value rose in two of the last eight quarters, with an average decline of 36.2%.
- Peak year-over-year performance for Enterprise Value in the last five years was growth of 110.0% in Q1 2024, against a decline of 91.7% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.97 billion (Q1 2026), $4.51 billion (Q4 2025) and $2.42 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 869.22 Mn |
| Mar 31, 2026 | 3.97 Bn |
| Dec 31, 2025 | 4.51 Bn |
| Sep 30, 2025 | 2.42 Bn |
| Jun 30, 2025 | 1.01 Bn |
| Mar 31, 2025 | 2.25 Bn |
| Dec 31, 2024 | 4.37 Bn |
| Sep 30, 2024 | 11.88 Bn |
| Jun 30, 2024 | 12.24 Bn |
| Mar 31, 2024 | 20.24 Bn |
| Dec 31, 2023 | 15.24 Bn |
| Sep 30, 2023 | 15.53 Bn |
| Jun 30, 2023 | 9.73 Bn |
| Mar 31, 2023 | 9.64 Bn |
| Dec 31, 2022 | 10.32 Bn |
| Sep 30, 2022 | 7.43 Bn |
| Jun 30, 2022 | 8.82 Bn |
| Mar 31, 2022 | 16.30 Bn |
| Dec 31, 2021 | 20.30 Bn |
| Sep 30, 2021 | 17.97 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();