Verano Holdings (VRNO) Gross Profit (2021 - 2026)
Verano Holdings (VRNO) reported 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 6 years of Gross Profit data on file, last reported at $99.0 million in Q1 2026.
- Gross Profit for Q1 2026 came in at $99.0 million, down 0.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $412.9 million (down 4.1% YoY), and the FY2025 annual result was $413.5 million, down 6.86% from the prior year.
- Gross Profit eased to $99.0 million in Q1 2026 per VRNO's latest filing, from $105.7 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 $109.1 million and a median of $109.1 million in 2024 frame the typical range for Gross Profit.
- The sharpest annual moves came in 2022 and 2024: Gross Profit soared 41.76% in 2022, then retreated 18.11% in 2024.
- A 5-year view of Gross Profit shows it stood at $103.3 million in 2022, then advanced by 13.81% to $117.6 million in 2023, then declined by 8.57% to $107.5 million in 2024, then fell by 1.71% to $105.7 million in 2025, then retreated 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn |
| 10 | Verano Holdings | - | - | 98.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 117.61 Mn |
| Dec 31, 2023 | 117.61 Mn |