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

Verano Holdings' (VRNO) quarterly Tax Rate came in at 187.47% in Q1 2026, down 48485.0% year-on-year from N/an in Q1 2025, and down 2915.18% on a QoQ basis from 6.22% in Q4 2025.

Verano Holdings (VRNO) Tax Rate (2021 - 2026) Analysis & Trends

Verano Holdings (VRNO) has 6 years of Tax Rate data on file, last reported at 187.47% in Q1 2026.

  • On a quarterly basis, Tax Rate fell 48485.0% year-over-year to 187.47% in Q1 2026; TTM through Mar 2026 was 48.22%, a 3232.0% decrease from a year earlier, with the FY2025 full-year figure at 55.15%, down 4117.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 187.47%, down from 6.22% in the prior quarter.
  • Over the last five years, Tax Rate for VRNO reached as high as 1562.28% in Q3 2024 and fell as low as 187.47% in Q1 2026.
  • Historically, Tax Rate has averaged 216.04% across 5 years, with a median of 165.71% in 2023.
  • Across the five-year window, Tax Rate soared 139657 bps in 2024 and slumped 174707 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 0.24% in 2022, then tumbled by 55349 bps to 134.66% in 2023, then surged by 111 bps to 14.31% in 2024, then plunged by 143 bps to 6.22% in 2025, then sank by 2915 bps to 187.47% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 187.47% in Q1 2026, 6.22% in Q4 2025, and 184.79% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Haleon 88.07 Bn 86.20 Bn - -
2 Teva Pharmaceutical Industries 35.75 Bn 32.01 Bn 1.97 Bn 15.33
3 Zoetis 31.84 Bn 29.90 Bn 1.62 Bn 20.71
4 Takeda Pharmaceutical 27.18 Bn 23.12 Bn 4.39 Bn -23.33
5 United Therapeutics 23.09 Bn 20.93 Bn 648.10 Mn 13.63
6 RedHill Biopharma 21.32 Bn 21.32 Bn - -
7 Viatris 19.96 Bn 18.16 Bn 1.16 Bn 171.33
8 Neurocrine Biosciences 17.66 Bn 16.34 Bn 800.70 Mn 19.81
9 Elanco Animal Health 12.44 Bn 12.02 Bn 785.00 Mn 34.48
10 Verano Holdings 1.99 Bn 1.92 Bn 98.98 Mn -187.47

Historic Data

Download Data
DateValue
Mar 31, 2026 -187.47%
Mar 31, 2026 -187.47%
Mar 31, 2026 -187.47%
Dec 31, 2025 -6.22%
Dec 31, 2025 -6.22%
Dec 31, 2025 -6.22%
Sep 30, 2025 -184.79%
Sep 30, 2025 -184.79%
Sep 30, 2025 -184.79%
Jun 30, 2025 219.67%
Jun 30, 2025 219.67%
Jun 30, 2025 219.67%
Mar 31, 2025 297.38%
Mar 31, 2025 297.38%
Mar 31, 2025 297.38%
Dec 31, 2024 14.31%
Dec 31, 2024 14.31%
Dec 31, 2024 14.31%
Sep 30, 2024 1,562.28%
Sep 30, 2024 1,562.28%