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| 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 |