Verano Holdings (VRNO) Tax Rate (2021 - 2025)
Verano Holdings (VRNO) recorded Tax Rate of -27.89% in Q2 2026, down 247.57 percentage points from 219.67% a year earlier but up 159.57 percentage points from the prior quarter.
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Analysis
Verano Holdings (VRNO) Tax Rate (2021 - 2025) Analysis & Trends
On a TTM basis, Verano Holdings' Tax Rate came in at -26.24% as of Jun 30, 2026, down 8.37 percentage points year-over-year; for FY2025, it was -55.15%, down 41.17 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -106.45 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at -13.99% in FY2024 (-536.13 pp), 522.15% in FY2023 (+586.69 pp), -64.55% in FY2022 (-276.81 pp) and 212.26% in FY2021 (+160.97 pp).
- Quarterly Tax Rate has ranged from -187.47% in Q1 2026 to 1562.28% in Q3 2024 over the past five years.
- On a year-over-year basis, Tax Rate has declined for five consecutive quarters, with an average year-over-year change of -119.77 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 1396.57 percentage points in Q3 2024, against a drop of 1747.07 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -187.47% (Q1 2026), -6.22% (Q4 2025) and -184.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 311.51 Bn | 291.15 Bn | 7.66 Bn | 22.25% |
| 2 | British American Tobacco p.l.c | 129.24 Bn | 105.61 Bn | - | - |
| 3 | Altria | 124.94 Bn | 111.10 Bn | 3.82 Bn | 21.54% |
| 4 | Trulieve Cannabis | 2.09 Bn | 705.03 Mn | 162.29 Mn | - |
| 5 | RLX Technology | 2.07 Bn | -1.69 Bn | 52.74 Mn | - |
| 6 | Curaleaf Holdings | 2.07 Bn | 1.67 Bn | 169.91 Mn | - |
| 7 | Green Thumb Industries | 1.38 Bn | 228.69 Mn | 137.87 Mn | 78.51% |
| 8 | Turning Point Brands | 1.28 Bn | 383.66 Mn | 93.70 Mn | 26.34% |
| 9 | Cronos | 1.23 Bn | -2.04 Bn | 28.45 Mn | 0.14% |
| 10 | Verano Holdings | 363.61 Mn | 39.05 Mn | 99.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 219.67% |
| Mar 31, 2025 | 297.38% |
| Sep 30, 2024 | 1,562.28% |
| Jun 30, 2024 | 348.28% |
| Mar 31, 2024 | 172.46% |
| Sep 30, 2023 | 165.71% |
| Jun 30, 2023 | 189.35% |
| Mar 31, 2023 | 148.40% |
| Sep 30, 2022 | 262.93% |
| Jun 30, 2022 | 884.00% |
| Mar 31, 2022 | 99.70% |
| Dec 31, 2021 | 122.59% |
| Sep 30, 2021 | 179.09% |
API Access
Verano Holdings Tax Rate 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=tax-rate&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();