Verano Holdings (VRNO) Tax Provisions (2021 - 2026)
Verano Holdings (VRNO) reported Tax Provisions of $11.6 million for Q1 2026, down 33.0% year-over-year from $17.3 million in Q1 2025, and up 8.26% quarter-over-quarter from $10.7 million in Q4 2025.
Verano Holdings (VRNO) Tax Provisions (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has 6 years of Tax Provisions data on file, last reported at $11.6 million in Q1 2026.
- Tax Provisions for Q1 2026 came in at $11.6 million, down 33.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $86.0 million (up 79.76% YoY), and the FY2025 annual result was $91.7 million, up 118.57% from the prior year.
- Tax Provisions grew to $11.6 million in Q1 2026 per VRNO's latest filing, from $10.7 million in the prior quarter.
- Over five years, Tax Provisions peaked at $69.4 million in Q3 2022 and troughed at -$45.5 million in Q4 2024.
- A 5-year average of $20.6 million and a median of $27.7 million in 2023 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions jumped 8499.62% in 2023, then sank 202.69% in 2024.
- A 5-year view of Tax Provisions shows it stood at -$528000.0 in 2022, then jumped by 8499.62% to $44.4 million in 2023, then slumped by 202.69% to -$45.5 million in 2024, then jumped by 123.57% to $10.7 million in 2025, then climbed by 8.26% to $11.6 million in 2026.
- Business Quant data shows VRNO's Tax Provisions at $11.6 million in Q1 2026, $10.7 million in Q4 2025, and $28.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 67.00 Mn |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 157.00 Mn |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 43.40 Mn |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | -3.57 Mn |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 48.90 Mn |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 30.00 Mn |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | 4.60 Mn |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | -9.44 Mn |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 37.99 Mn |
| 10 | Verano Holdings | - | - | 98.98 Mn | 11.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.62 Mn |
| Dec 31, 2025 | 10.74 Mn |
| Sep 30, 2025 | 28.44 Mn |
| Jun 30, 2025 | 35.15 Mn |
| Mar 31, 2025 | 17.35 Mn |
| Dec 31, 2024 | -45.54 Mn |
| Sep 30, 2024 | 45.48 Mn |
| Jun 30, 2024 | 30.53 Mn |
| Mar 31, 2024 | 11.48 Mn |
| Dec 31, 2023 | 44.35 Mn |
| Sep 30, 2023 | 44.80 Mn |
| Jun 30, 2023 | 27.68 Mn |
| Mar 31, 2023 | 28.32 Mn |
| Dec 31, 2022 | -528,000.00 |
| Sep 30, 2022 | 69.38 Mn |
| Jun 30, 2022 | 11.10 Mn |
| Mar 31, 2022 | -20.27 Mn |
| Dec 31, 2021 | 37.05 Mn |
| Sep 30, 2021 | 27.09 Mn |
| Jun 30, 2021 | 23.44 Mn |