Verano Holdings (VRNO) Gross Profit (2021 - 2026)
Verano Holdings (VRNO) posted quarterly Gross Profit of $99.0 million for Q1 2026, down 0.61% year-over-year from $99.6 million in Q1 2025, and down 6.36% quarter-over-quarter from $105.7 million in Q4 2025.
Verano Holdings (VRNO) Gross Profit (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported Gross Profit for 6 consecutive years, with $99.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Profit fell 0.61% year-over-year to $99.0 million; the TTM figure through Mar 2026 stood at $412.9 million (down 4.1% YoY), while the FY2025 annual figure was $413.5 million, down 6.86% from the prior year.
- Gross Profit retreated to $99.0 million in Q1 2026 per VRNO's latest filing, from $105.7 million in the prior quarter.
- Across five years, Gross Profit topped out at $133.2 million in Q3 2023 and bottomed at $95.2 million in Q3 2025.
- Historically, Gross Profit has averaged $109.1 million across 5 years, with a median of $109.1 million in 2024.
- Annual changes were most pronounced in 2022 — Gross Profit soared 41.76% — and 2024, when it retreated 18.11%.
- Verano Holdings' Gross Profit stood at $103.3 million in 2022, then climbed by 13.81% to $117.6 million in 2023, then fell by 8.57% to $107.5 million in 2024, then retreated by 1.71% to $105.7 million in 2025, then decreased by 6.36% to $99.0 million in 2026.
- Business Quant data shows VRNO's Gross Profit at $99.0 million in Q1 2026, $105.7 million in Q4 2025, and $95.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Haleon | 43.94 Bn | 42.97 Bn | - |
| 2 | Teva Pharmaceutical Industries | 43.08 Bn | 39.43 Bn | 2.15 Bn |
| 3 | Zoetis | 31.54 Bn | 29.87 Bn | 1.05 Bn |
| 4 | Takeda Pharmaceutical | 28.60 Bn | 22.80 Bn | 5.10 Bn |
| 5 | United Therapeutics | 22.12 Bn | 19.46 Bn | 683.80 Mn |
| 6 | Viatris | 18.75 Bn | 17.86 Bn | 1.46 Bn |
| 7 | Neurocrine Biosciences | 15.50 Bn | 15.11 Bn | 935.80 Mn |
| 8 | Elanco Animal Health | 11.69 Bn | 11.16 Bn | 798.00 Mn |
| 9 | Dr Reddys Laboratories | 10.13 Bn | 9.96 Bn | - |
| 10 | Verano Holdings | 442.47 Mn | 357.28 Mn | 99.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 99.70 Mn |
| Jun 30, 2026 | 99.70 Mn |
| Mar 31, 2026 | 98.98 Mn |
| Mar 31, 2026 | 98.98 Mn |
| Dec 31, 2025 | 105.70 Mn |
| Dec 31, 2025 | 105.70 Mn |
| Sep 30, 2025 | 95.24 Mn |
| Sep 30, 2025 | 95.24 Mn |
| Jun 30, 2025 | 112.98 Mn |
| Jun 30, 2025 | 112.98 Mn |
| Mar 31, 2025 | 99.58 Mn |
| Mar 31, 2025 | 99.58 Mn |
| Dec 31, 2024 | 107.53 Mn |
| Dec 31, 2024 | 107.53 Mn |
| Sep 30, 2024 | 109.10 Mn |
| Sep 30, 2024 | 109.10 Mn |
| Jun 30, 2024 | 114.34 Mn |
| Jun 30, 2024 | 114.34 Mn |
| Mar 31, 2024 | 112.96 Mn |
| Mar 31, 2024 | 112.96 Mn |