Verano Holdings (VRNO) Invested Capital (2021 - 2026)
Verano Holdings' (VRNO) quarterly Invested Capital came in at $1.1 billion in Q2 2026, down 18.95% year-over-year from $1.3 billion in Q2 2025, and down 1.15% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
Verano Holdings (VRNO) Invested Capital (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported Invested Capital for 6 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital fell 18.95% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 18.95% decrease from a year earlier, with the FY2025 full-year figure at $1.1 billion, down 19.6% from the prior year.
- Invested Capital was $1.1 billion for Q2 2026 at Verano Holdings, down from $1.1 billion in the prior quarter.
- Over five years, Invested Capital peaked at $2.2 billion in Q2 2022 and troughed at $1.1 billion in Q2 2026.
- A 5-year average of $1.6 billion and a median of $1.7 billion in 2024 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital slipped 2.14% in 2024 and slipped 22.35% in 2025, its largest moves.
- Over 5 years, Invested Capital stood at $1.8 billion in 2022, then dropped by 2.32% to $1.7 billion in 2023, then retreated by 20.42% to $1.4 billion in 2024, then retreated by 19.6% to $1.1 billion in 2025, then decreased by 2.88% to $1.1 billion in 2026.
- The last three Invested Capital figures came in at $1.1 billion (Q2 2026), $1.1 billion (Q1 2026), and $1.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.58 Bn | 2.48 Bn | 169.91 Mn | 1.48 Bn |
| 2 | Trulieve Cannabis | 2.19 Bn | 1.86 Bn | 162.29 Mn | 864.64 Mn |
| 3 | Green Thumb Industries | 1.66 Bn | 1.37 Bn | 137.87 Mn | 2.17 Bn |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | - |
| 5 | Glass House Brands | 654.26 Mn | 635.70 Mn | 15.77 Mn | 142.77 Mn |
| 6 | Vireo Growth | 545.55 Mn | 403.25 Mn | 95.30 Mn | 741.30 Mn |
| 7 | Tilray Brands | 462.43 Mn | 227.80 Mn | 90.52 Mn | 1.76 Bn |
| 8 | Verano Holdings | 429.33 Mn | 344.13 Mn | 99.70 Mn | 1.08 Bn |
| 9 | Canopy Growth | 389.88 Mn | 142.87 Mn | 16.08 Mn | 690.90 Mn |
| 10 | Sndl | 345.79 Mn | 213.25 Mn | 40.74 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.08 Bn |
| Mar 31, 2026 | 1.09 Bn |
| Dec 31, 2025 | 1.11 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 1.38 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Sep 30, 2024 | 1.66 Bn |
| Jun 30, 2024 | 1.62 Bn |
| Mar 31, 2024 | 1.74 Bn |
| Dec 31, 2023 | 1.74 Bn |
| Sep 30, 2023 | 1.74 Bn |
| Jun 30, 2023 | 1.77 Bn |
| Mar 31, 2023 | 1.78 Bn |
| Dec 31, 2022 | 1.78 Bn |
| Sep 30, 2022 | 1.99 Bn |
| Jun 30, 2022 | 2.21 Bn |
| Dec 31, 2021 | 1.98 Bn |