Verano Holdings (VRNO) Net Margin (2021 - 2026)
Verano Holdings' (VRNO) quarterly Net Margin came in at 6.15% in Q2 2026, up 331.0% year-over-year from 1.43% in Q2 2025, and up 28.12% quarter-over-quarter from 8.56% in Q1 2026.
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Verano Holdings (VRNO) Net Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported Net Margin for 6 consecutive years, with 6.15% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 331.0% year-over-year to 6.15% in Q2 2026; TTM through Jun 2026 was 30.94%, a 991.0% increase from a year earlier, with the FY2025 full-year figure at 31.39%, up 752.0% from the prior year.
- Net Margin was 6.15% for Q2 2026 at Verano Holdings, up from 8.56% in the prior quarter.
- Over five years, Net Margin peaked at 0.04% in Q1 2022 and troughed at 124.98% in Q4 2024.
- A 5-year average of 25.84% and a median of 9.01% in 2025 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 9243 bps in 2022 and surged 6307 bps in 2023, its largest moves.
- Over 5 years, Net Margin stood at 95.65% in 2022, then soared by 66 bps to 32.58% in 2023, then slumped by 284 bps to 124.98% in 2024, then gained by 29 bps to 88.77% in 2025, then soared by 93 bps to 6.15% in 2026.
- The last three Net Margin figures came in at 6.15% (Q2 2026), 8.56% (Q1 2026), and 88.77% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.60 Bn | 2.51 Bn | 169.91 Mn | 3.68% |
| 2 | Trulieve Cannabis | 2.21 Bn | 1.89 Bn | 162.29 Mn | -149.83% |
| 3 | Green Thumb Industries | 1.66 Bn | 1.38 Bn | 137.87 Mn | 1.12% |
| 4 | Cronos | 1.18 Bn | 381.72 Mn | 28.45 Mn | 50.52% |
| 5 | Glass House Brands | 659.58 Mn | 641.03 Mn | 15.77 Mn | -14.21% |
| 6 | Vireo Growth | 541.04 Mn | 398.74 Mn | 95.30 Mn | -2.77% |
| 7 | Tilray Brands | 462.43 Mn | 227.80 Mn | 90.52 Mn | -10.52% |
| 8 | Verano Holdings | 429.33 Mn | 344.13 Mn | 99.70 Mn | -6.15% |
| 9 | Canopy Growth | 390.81 Mn | 143.79 Mn | 16.08 Mn | -14.53% |
| 10 | Sndl | 344.50 Mn | 211.96 Mn | 40.74 Mn | -4.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.15% |
| 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 | -2.18% |
| 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 | 0.04% |
| Dec 31, 2021 | -3.23% |
| Sep 30, 2021 | -5.79% |