Verano Holdings (VRNO) Operating Income (2021 - 2026)
Verano Holdings' Operating Income was $3.14 million in Q2 2026, down 88.0% from $26.21 million a year earlier and down 76.0% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Operating Income (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Verano Holdings' Operating Income was -$132.06 million through Jun 30, 2026; for FY2025, it was -$107.09 million.
- In earlier years, Operating Income was -$237.18 million in FY2024, $84.78 million in FY2023, -$161.13 million in FY2022 and $64.71 million in FY2021 (-31.9%).
- Quarterly Operating Income has moved between -$303.88 million (Q4 2024) and $40.29 million (Q3 2023) over five years.
- The best year-over-year quarter for Operating Income over five years was Q1 2023 (growth of 205.4%); the worst was Q2 2026 (a decline of 88.0%).
- Per Business Quant data, VRNO's Operating Income in the three quarters before Q2 2026 was $13.1 million (Q1 2026), -$157.58 million (Q4 2025) and $9.28 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 4.53 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 3.14 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 4.22 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 19.22 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -370.52 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 19.97 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 7.40 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 16.71 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 3.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.14 Mn |
| Mar 31, 2026 | 13.10 Mn |
| Dec 31, 2025 | -157.58 Mn |
| Sep 30, 2025 | 9.28 Mn |
| Jun 30, 2025 | 26.21 Mn |
| Mar 31, 2025 | 15.00 Mn |
| Dec 31, 2024 | -303.88 Mn |
| Sep 30, 2024 | 16.77 Mn |
| Jun 30, 2024 | 27.27 Mn |
| Mar 31, 2024 | 22.67 Mn |
| Dec 31, 2023 | -19.71 Mn |
| Sep 30, 2023 | 40.29 Mn |
| Jun 30, 2023 | 30.43 Mn |
| Mar 31, 2023 | 33.78 Mn |
| Dec 31, 2022 | -206.98 Mn |
| Sep 30, 2022 | 37.08 Mn |
| Jun 30, 2022 | -2.29 Mn |
| Mar 31, 2022 | 11.06 Mn |
| Dec 31, 2021 | 29.43 Mn |
| Sep 30, 2021 | 23.01 Mn |
API Access
Verano Holdings Operating Income 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=operating-income&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();