Verano Holdings (VRNO) Shares Outstanding (Diluted) (2021 - 2026)
Verano Holdings' Shares Outstanding (Diluted) was 73.01 million in Q2 2026, down 79.7% from 360.37 million a year earlier and down 79.9% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Verano Holdings came in at 360.91 million, up 3.2% from FY2024.
- Shares Outstanding (Diluted) has now increased for five consecutive years, with a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 349.58 million in FY2024 (+2.0%), 342.77 million in FY2023 (+3.4%), 331.41 million in FY2022 (+14.1%) and 290.44 million in FY2021 (+7.3%).
- The Q2 2026 figure marks the lowest quarterly Shares Outstanding (Diluted) in data going back to Q2 2021.
- Compared with a year earlier, Shares Outstanding (Diluted) was higher in seven of the last eight quarters, with an average decline of 7.4%.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q4 2022 (growth of 14.1%); the worst was Q2 2026 (a decline of 79.7%).
- Per Business Quant data, VRNO's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 363.37 million (Q1 2026), 360.91 million (Q4 2025) and 361.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 1.56 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | 2.20 Bn |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 1.67 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 270.70 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 1.22 Bn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 192.71 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 222.78 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 375.06 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 20.16 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 73.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.01 Mn |
| Mar 31, 2026 | 363.37 Mn |
| Dec 31, 2025 | 360.91 Mn |
| Sep 30, 2025 | 361.79 Mn |
| Jun 30, 2025 | 360.37 Mn |
| Mar 31, 2025 | 359.15 Mn |
| Dec 31, 2024 | 349.58 Mn |
| Sep 30, 2024 | 351.17 Mn |
| Jun 30, 2024 | 345.02 Mn |
| Mar 31, 2024 | 344.08 Mn |
| Dec 31, 2023 | 342.77 Mn |
| Sep 30, 2023 | 343.43 Mn |
| Jun 30, 2023 | 342.53 Mn |
| Mar 31, 2023 | 341.48 Mn |
| Dec 31, 2022 | 331.41 Mn |
| Sep 30, 2022 | 332.87 Mn |
| Jun 30, 2022 | 328.52 Mn |
| Mar 31, 2022 | 326.29 Mn |
| Dec 31, 2021 | 290.44 Mn |
| Sep 30, 2021 | 313.67 Mn |
API Access
Verano Holdings Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();