Verano Holdings (VRNO) Tax Provisions (2021 - 2026)

Verano Holdings' (VRNO) quarterly Tax Provisions came in at $11.6 million in Q1 2026, down 33.0% year-on-year from $17.3 million in Q1 2025, and up 8.26% on a QoQ basis 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.

  • On a quarterly basis, Tax Provisions fell 33.0% year-over-year to $11.6 million in Q1 2026; TTM through Mar 2026 was $86.0 million, a 79.76% increase from a year earlier, with the FY2025 full-year figure at $91.7 million, up 118.57% from the prior year.
  • Tax Provisions for Q1 2026 stood at $11.6 million, up from $10.7 million in the prior quarter.
  • Over the last five years, Tax Provisions for VRNO reached as high as $69.4 million in Q3 2022 and fell as low as -$45.5 million in Q4 2024.
  • Historically, Tax Provisions has averaged $20.6 million across 5 years, with a median of $27.7 million in 2023.
  • Across the five-year window, Tax Provisions surged 8499.62% in 2023 and tumbled 202.69% in 2024, its largest moves.
  • Year by year, Tax Provisions stood at -$528000.0 in 2022, then jumped by 8499.62% to $44.4 million in 2023, then tumbled by 202.69% to -$45.5 million in 2024, then jumped by 123.57% to $10.7 million in 2025, then rose by 8.26% to $11.6 million in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $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 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn 67.00 Mn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 157.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn 676.90 Mn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 43.40 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn -423.70 Mn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 48.90 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn 30.00 Mn
10 Verano Holdings 2.02 Bn 1.94 Bn 98.98 Mn 11.62 Mn

Historic Data

Download Data
DateValue
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