Verano Holdings (VRNO) Operating Expenses (2021 - 2026)

Verano Holdings (VRNO) has 6 years of Operating Expenses data on file, last reported at $85.9 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $85.9 million, up 1.53% year-over-year; the trailing twelve-month figure through Mar 2026 was $521.9 million (down 22.73% YoY), and the FY2025 annual result was $520.6 million, down 23.57% from the prior year.
• Operating Expenses fell to $85.9 million in Q1 2026 per VRNO's latest filing, from $263.3 million in the prior quarter.
• Over five years, Operating Expenses peaked at $411.4 million in Q4 2024 and troughed at $9.6 million in Q1 2022.
• A 5-year average of $128.4 million and a median of $87.1 million in 2024 frame the typical range for Operating Expenses.
• On a YoY basis, Operating Expenses climbed as much as 686.07% in 2023 and fell as far as 55.73% in 2023.
• A 5-year view of Operating Expenses shows it stood at $310.2 million in 2022, then tumbled by 55.73% to $137.3 million in 2023, then jumped by 199.6% to $411.4 million in 2024, then plunged by 36.01% to $263.3 million in 2025, then plunged by 67.38% to $85.9 million in 2026.
• Business Quant data shows VRNO's Operating Expenses at $85.9 million in Q1 2026, $263.3 million in Q4 2025, and $86.0 million in Q3 2025.