Verano Holdings (VRNO) Gross Profit (2021 - 2026)
Verano Holdings' (VRNO) quarterly Gross Profit came in at $99.7 million in Q2 2026, down 11.76% year-over-year from $113.0 million in Q2 2025, and up 0.73% quarter-over-quarter from $99.0 million in Q1 2026.
Analysis
Verano Holdings (VRNO) Gross Profit (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported Gross Profit for 6 consecutive years, with $99.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Profit fell 11.76% year-over-year to $99.7 million in Q2 2026; TTM through Jun 2026 was $399.6 million, a 6.89% decrease from a year earlier, with the FY2025 full-year figure at $413.5 million, down 6.86% from the prior year.
- Gross Profit was $99.7 million for Q2 2026 at Verano Holdings, up from $99.0 million in the prior quarter.
- Over five years, Gross Profit peaked at $133.2 million in Q3 2023 and troughed at $95.2 million in Q3 2025.
- A 5-year average of $108.6 million and a median of $108.3 million in 2024 frame the typical range for Gross Profit.
- Across the five-year window, Gross Profit surged 41.76% in 2022 and fell 18.11% in 2024, its largest moves.
- Over 5 years, Gross Profit stood at $103.3 million in 2022, then gained by 13.81% to $117.6 million in 2023, then dropped by 8.57% to $107.5 million in 2024, then declined by 1.71% to $105.7 million in 2025, then dropped by 5.67% to $99.7 million in 2026.
- The last three Gross Profit figures came in at $99.7 million (Q2 2026), $99.0 million (Q1 2026), and $105.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 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 |