Verano Holdings (VRNO) Invested Capital (2021 - 2026)
Verano Holdings (VRNO) reported Invested Capital of $1.1 billion for Q1 2026, down 20.61% year-over-year from $1.4 billion in Q1 2025, and down 2.03% quarter-over-quarter from $1.1 billion in Q4 2025.
Verano Holdings (VRNO) Invested Capital (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has 6 years of Invested Capital data on file, last reported at $1.1 billion in Q1 2026.
- Invested Capital for Q1 2026 came in at $1.1 billion, down 20.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (down 20.61% YoY), and the FY2025 annual result was $1.1 billion, down 19.11% from the prior year.
- Invested Capital slipped to $1.1 billion in Q1 2026 per VRNO's latest filing, from $1.1 billion in the prior quarter.
- Over five years, Invested Capital peaked at $2.0 billion in Q2 2022 and troughed at -$4.8 million in Q1 2022.
- A 5-year average of $1.5 billion and a median of $1.6 billion in 2024 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2023 and 2025: Invested Capital soared 36902.82% in 2023, then slipped 21.46% in 2025.
- A 5-year view of Invested Capital shows it stood at $1.8 billion in 2022, then declined by 3.92% to $1.7 billion in 2023, then slipped by 19.05% to $1.4 billion in 2024, then decreased by 19.11% to $1.1 billion in 2025, then fell by 2.03% to $1.1 billion in 2026.
- Business Quant data shows VRNO's Invested Capital at $1.1 billion in Q1 2026, $1.1 billion in Q4 2025, and $1.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 10.84 Bn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 3.23 Bn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 5.90 Bn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 479.60 Mn |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 3.41 Bn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 10.24 Bn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | 1.78 Bn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | 446.17 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 1.79 Bn |
| 10 | Verano Holdings | - | - | 98.98 Mn | 1.08 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.08 Bn |
| Dec 31, 2025 | 1.10 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 1.36 Bn |
| Dec 31, 2024 | 1.36 Bn |
| Sep 30, 2024 | 1.64 Bn |
| Jun 30, 2024 | 1.62 Bn |
| Mar 31, 2024 | 1.68 Bn |
| Dec 31, 2023 | 1.69 Bn |
| Sep 30, 2023 | 1.74 Bn |
| Jun 30, 2023 | 1.75 Bn |
| Mar 31, 2023 | 1.75 Bn |
| Dec 31, 2022 | 1.75 Bn |
| Sep 30, 2022 | 1.93 Bn |
| Jun 30, 2022 | 1.95 Bn |
| Mar 31, 2022 | -4.76 Mn |
| Dec 31, 2021 | 1.77 Bn |