Verano Holdings (VRNO) Net Margin (2021 - 2026)
Verano Holdings (VRNO) reported Net Margin of 8.56% for Q1 2026, down 307.0% year-over-year from 4.14% in Q1 2025, and up 90.36% quarter-over-quarter from 88.77% in Q4 2025.
Verano Holdings (VRNO) Net Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has 6 years of Net Margin data on file, last reported at 8.56% in Q1 2026.
- Net Margin for Q1 2026 came in at 8.56%, down 307.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 32.23% (up 797.0% YoY), and the FY2025 annual result was 31.39%, up 752.0% from the prior year.
- Net Margin rose to 8.56% in Q1 2026 per VRNO's latest filing, from 88.77% in the prior quarter.
- Over five years, Net Margin peaked at 22.68% in Q1 2022 and troughed at 564.64% in Q1 2024.
- A 5-year average of 58.76% and a median of 9.79% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin plunged 56057 bps in 2024, then surged 55915 bps in 2025.
- A 5-year view of Net Margin shows it stood at 95.65% in 2022, then jumped by 66 bps to 32.58% in 2023, then sank by 284 bps to 124.98% in 2024, then advanced by 29 bps to 88.77% in 2025, then surged by 90 bps to 8.56% in 2026.
- Business Quant data shows VRNO's Net Margin at 8.56% in Q1 2026, 88.77% in Q4 2025, and 21.61% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 9.19% |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 26.57% |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 35.18% |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 2.94% |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 24.30% |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 4.16% |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | -168.42% |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | -15.15% |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 31.38% |
| 10 | Verano Holdings | - | - | 98.98 Mn | -8.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.56% |
| Dec 31, 2025 | -88.77% |
| Sep 30, 2025 | -21.61% |
| Jun 30, 2025 | -9.47% |
| Mar 31, 2025 | -5.49% |
| Dec 31, 2024 | -124.98% |
| Sep 30, 2024 | -19.64% |
| Jun 30, 2024 | -9.79% |
| Mar 31, 2024 | -564.64% |
| Dec 31, 2023 | -32.58% |
| Sep 30, 2023 | -7.40% |
| Jun 30, 2023 | -5.58% |
| Mar 31, 2023 | -4.07% |
| Dec 31, 2022 | -95.65% |
| Sep 30, 2022 | -18.89% |
| Jun 30, 2022 | -4.40% |
| Mar 31, 2022 | 22.68% |
| Dec 31, 2021 | -3.23% |
| Sep 30, 2021 | -5.79% |
| Jun 30, 2021 | -14.86% |