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.
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 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
| 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 |
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_KEY
import 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();