Verano Holdings (VRNO) Tax Rate (2021 - 2026)
Verano Holdings (VRNO) posted quarterly Tax Rate of 187.47% for Q1 2026, down 48485.0% year-over-year from N/an in Q1 2025, and down 2915.18% quarter-over-quarter from 6.22% in Q4 2025.
Verano Holdings (VRNO) Tax Rate (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported Tax Rate for 6 consecutive years, with 187.47% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 48485.0% year-over-year to 187.47%; the TTM figure through Mar 2026 stood at 48.22% (down 3232.0% YoY), while the FY2025 annual figure was 55.15%, down 4117.0% from the prior year.
- Tax Rate eased to 187.47% in Q1 2026 per VRNO's latest filing, from 6.22% in the prior quarter.
- Across five years, Tax Rate topped out at 1562.28% in Q3 2024 and bottomed at 187.47% in Q1 2026.
- Historically, Tax Rate has averaged 216.04% across 5 years, with a median of 165.71% in 2023.
- Annual changes were most pronounced in 2024 — Tax Rate surged 139657 bps — and 2025, when it plunged 174707 bps.
- Verano Holdings' Tax Rate stood at 0.24% in 2022, then tumbled by 55349 bps to 134.66% in 2023, then soared 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.
- Business Quant data shows VRNO's Tax Rate at 187.47% in Q1 2026, 6.22% in Q4 2025, and 184.79% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.65 Bn | 42.68 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.09 Bn | 39.44 Bn | 2.15 Bn | -26.59% |
| 3 | Zoetis | 31.54 Bn | 29.86 Bn | 1.05 Bn | - |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn | -30.40% |
| 5 | United Therapeutics | 22.11 Bn | 19.45 Bn | 683.80 Mn | 10.65% |
| 6 | Viatris | 18.77 Bn | 17.88 Bn | 1.46 Bn | -85.63% |
| 7 | Neurocrine Biosciences | 15.62 Bn | 15.23 Bn | 935.80 Mn | 10.97% |
| 8 | Elanco Animal Health | 12.07 Bn | 11.54 Bn | 798.00 Mn | 3.57% |
| 9 | Dr Reddys Laboratories | 10.09 Bn | 9.93 Bn | - | - |
| 10 | Verano Holdings | 445.39 Mn | 360.20 Mn | 99.70 Mn | -27.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -27.89% |
| Jun 30, 2026 | -27.89% |
| Jun 30, 2026 | -27.89% |
| 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% |