Verano Holdings (VRNO) Liabilities and Shareholders Equity (2021 - 2026)
Verano Holdings (VRNO) posted Liabilities and Shareholders Equity of $1.7 billion for Q2 2026, down 12.5% from $1.94 billion a year earlier and down 0.5% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Liabilities and Shareholders Equity (2021 - 2026) Analysis & Trends
At the end of FY2025, Verano Holdings' Liabilities and Shareholders Equity came in at $1.74 billion, down 12.7% from FY2024.
- Annual Liabilities and Shareholders Equity has declined for four consecutive years, with a four-year compound annual growth rate of -9.1% (FY2021 to FY2025).
- In prior years, Verano Holdings' Liabilities and Shareholders Equity was $1.99 billion in FY2024 (-14.0%), $2.32 billion in FY2023 (-3.2%), $2.4 billion in FY2022 (-6.0%) and $2.55 billion in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Liabilities and Shareholders Equity in data going back to Q4 2021.
- On a year-over-year basis, Liabilities and Shareholders Equity has declined in each of the last 13 quarters, with an average decline of 12.4% over the last eight quarters.
- The year-over-year decline in Liabilities and Shareholders Equity has ranged between 1.7% (Q3 2024) and 16.8% (Q3 2025) over the last five years.
- According to Business Quant data, Liabilities and Shareholders Equity for the three prior quarters was $1.71 billion (Q1 2026), $1.74 billion (Q4 2025) and $1.93 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 68.27 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 145.42 Bn |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 33.37 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 2.81 Bn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 2.47 Bn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 2.08 Bn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 2.82 Bn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 1.18 Bn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 855.20 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.70 Bn |
| Mar 31, 2026 | 1.71 Bn |
| Dec 31, 2025 | 1.74 Bn |
| Sep 30, 2025 | 1.93 Bn |
| Jun 30, 2025 | 1.94 Bn |
| Mar 31, 2025 | 1.97 Bn |
| Dec 31, 2024 | 1.99 Bn |
| Sep 30, 2024 | 2.31 Bn |
| Jun 30, 2024 | 2.24 Bn |
| Mar 31, 2024 | 2.32 Bn |
| Dec 31, 2023 | 2.32 Bn |
| Sep 30, 2023 | 2.36 Bn |
| Jun 30, 2023 | 2.35 Bn |
| Mar 31, 2023 | 2.37 Bn |
| Dec 31, 2022 | 2.40 Bn |
| Sep 30, 2022 | 2.62 Bn |
| Jun 30, 2022 | 2.60 Bn |
| Dec 31, 2021 | 2.55 Bn |
API Access
Verano Holdings Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();