Verano Holdings (VRNO) Gross Profit (2021 - 2026)
Verano Holdings' Gross Profit was $99.7 million in Q2 2026, down 11.8% from $112.98 million a year earlier but up 0.7% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Gross Profit (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Verano Holdings' Gross Profit was $399.61 million through Jun 30, 2026, down 6.9% year-over-year; for FY2025, it was $413.5 million, down 6.9% from FY2024.
- Gross Profit shows a five-year compound annual growth rate of 25.0% (FY2020 to FY2025).
- In earlier years, Gross Profit was $443.93 million in FY2024 (-6.6%), $475.21 million in FY2023 (+12.3%), $423.06 million in FY2022 (+27.8%) and $331.02 million in FY2021 (+144.2%).
- Quarterly Gross Profit has moved between $95.24 million (Q3 2025) and $133.22 million (Q3 2023) over five years.
- Compared with a year earlier, Gross Profit has declined for nine straight quarters, with an average decline of 8.3% over the last eight quarters.
- The best year-over-year quarter for Gross Profit over five years was Q2 2022 (growth of 41.8%); the worst was Q3 2024 (a decline of 18.1%).
- Per Business Quant data, VRNO's Gross Profit in the three quarters before Q2 2026 was $98.98 million (Q1 2026), $105.7 million (Q4 2025) and $95.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 99.70 Mn |
| Mar 31, 2026 | 98.98 Mn |
| Dec 31, 2025 | 105.70 Mn |
| Sep 30, 2025 | 95.24 Mn |
| Jun 30, 2025 | 112.98 Mn |
| Mar 31, 2025 | 99.58 Mn |
| Dec 31, 2024 | 107.53 Mn |
| Sep 30, 2024 | 109.10 Mn |
| Jun 30, 2024 | 114.34 Mn |
| Mar 31, 2024 | 112.96 Mn |
| Dec 31, 2023 | 117.61 Mn |
| Sep 30, 2023 | 133.22 Mn |
| Jun 30, 2023 | 115.19 Mn |
| Mar 31, 2023 | 109.19 Mn |
| Dec 31, 2022 | 103.34 Mn |
| Sep 30, 2022 | 122.99 Mn |
| Jun 30, 2022 | 98.12 Mn |
| Mar 31, 2022 | 98.62 Mn |
| Dec 31, 2021 | 109.32 Mn |
| Sep 30, 2021 | 98.20 Mn |
API Access
Verano Holdings Gross Profit 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=gross-profit&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "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=gross-profit&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();