Verano Holdings (VRNO) Intangibles (2021 - 2026)
Verano Holdings' Intangibles was $550.12 million in Q2 2026, down 21.5% from $700.52 million a year earlier and down 2.6% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Intangibles (2021 - 2026) Analysis & Trends
At the end of FY2025, Intangibles at Verano Holdings came in at $579.09 million, down 21.1% from FY2024.
- Intangibles has now declined for four consecutive years, with a four-year compound annual growth rate of -19.5% (FY2021 to FY2025).
- In earlier years, Intangibles was $734.01 million in FY2024 (-32.4%), $1.09 billion in FY2023 (-8.0%), $1.18 billion in FY2022 (-14.4%) and $1.38 billion in FY2021.
- The Q2 2026 figure marks the lowest quarterly Intangibles in data going back to Q4 2021.
- Compared with a year earlier, Intangibles has declined for 13 straight quarters, with an average decline of 25.3% over the last eight quarters.
- Over the past five years, the year-over-year decline in Intangibles ranged from 6.0% (Q3 2024) to 34.7% (Q3 2025).
- Per Business Quant data, VRNO's Intangibles in the three quarters before Q2 2026 was $564.58 million (Q1 2026), $579.09 million (Q4 2025) and $683.77 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 10.18 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 116.84 Bn |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 11.85 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 956.07 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 27.04 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 300.44 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 435.59 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 8.05 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 63.42 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 550.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 550.12 Mn |
| Mar 31, 2026 | 564.58 Mn |
| Dec 31, 2025 | 579.09 Mn |
| Sep 30, 2025 | 683.77 Mn |
| Jun 30, 2025 | 700.52 Mn |
| Mar 31, 2025 | 717.26 Mn |
| Dec 31, 2024 | 734.01 Mn |
| Sep 30, 2024 | 1.05 Bn |
| Jun 30, 2024 | 1.04 Bn |
| Mar 31, 2024 | 1.06 Bn |
| Dec 31, 2023 | 1.09 Bn |
| Sep 30, 2023 | 1.11 Bn |
| Jun 30, 2023 | 1.14 Bn |
| Mar 31, 2023 | 1.16 Bn |
| Dec 31, 2022 | 1.18 Bn |
| Sep 30, 2022 | 1.33 Bn |
| Jun 30, 2022 | 1.34 Bn |
| Dec 31, 2021 | 1.38 Bn |
API Access
Verano Holdings Intangibles 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=intangibles&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();