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

Verano Holdings (VRNO) has reported Operating Expenses for 6 consecutive years, with $96.6 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 11.27% year-over-year to $96.6 million in Q2 2026; TTM through Jun 2026 was $531.7 million, a 21.25% decrease from a year earlier, with the FY2025 full-year figure at $520.6 million, down 23.57% from the prior year.
• Operating Expenses was $96.6 million for Q2 2026 at Verano Holdings, up from $85.9 million in the prior quarter.
• Over five years, Operating Expenses peaked at $411.4 million in Q4 2024 and troughed at $75.2 million in Q1 2023.
• A 5-year average of $131.1 million and a median of $89.9 million in 2022 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses jumped 279.36% in 2022 and tumbled 55.73% in 2023, its largest moves.
• Over 5 years, Operating Expenses stood at $310.2 million in 2022, then plunged by 55.73% to $137.3 million in 2023, then soared by 199.6% to $411.4 million in 2024, then sank by 36.01% to $263.3 million in 2025, then slumped by 63.33% to $96.6 million in 2026.
• The last three Operating Expenses figures came in at $96.6 million (Q2 2026), $85.9 million (Q1 2026), and $263.3 million (Q4 2025), per Business Quant data.