Verano Holdings (VRNO) Total Debt (2021 - 2026)
Verano Holdings (VRNO) reported Total Debt of $392.61 million for Q2 2026, down 2.6% from $403.27 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Verano Holdings (VRNO) Total Debt (2021 - 2026) Analysis & Trends
At the end of FY2025, Verano Holdings posted Total Debt of $399.74 million, down 3.4% from FY2024.
- Total Debt has a four-year compound annual growth rate of 8.4% (FY2021 to FY2025).
- By year, Total Debt came in at $413.85 million in FY2024 (-7.1%), $445.64 million in FY2023 (+7.9%), $413 million in FY2022 (+42.5%) and $289.93 million in FY2021.
- The Q2 2026 figure ranks as the lowest quarterly Total Debt since Q3 2022.
- Year over year, Total Debt has now declined in each of the last four quarters, with an average decline of 3.5% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q4 2022 (growth of 42.5%); the low point was Q4 2024 (a decline of 7.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $394.95 million (Q1 2026), $399.74 million (Q4 2025) and $400.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 49.11 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | 89.79 Bn |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 24.58 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 611.54 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 24.26 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 93.57 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 283.01 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 294.15 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 392.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 392.61 Mn |
| Mar 31, 2026 | 394.95 Mn |
| Dec 31, 2025 | 399.74 Mn |
| Sep 30, 2025 | 400.76 Mn |
| Jun 30, 2025 | 403.27 Mn |
| Mar 31, 2025 | 420.63 Mn |
| Dec 31, 2024 | 413.85 Mn |
| Sep 30, 2024 | 420.15 Mn |
| Jun 30, 2024 | 395.78 Mn |
| Mar 31, 2024 | 444.69 Mn |
| Dec 31, 2023 | 445.64 Mn |
| Sep 30, 2023 | 422.18 Mn |
| Jun 30, 2023 | 420.38 Mn |
| Mar 31, 2023 | 415.34 Mn |
| Dec 31, 2022 | 413.00 Mn |
| Sep 30, 2022 | 392.14 Mn |
| Jun 30, 2022 | 402.63 Mn |
| Dec 31, 2021 | 289.93 Mn |
API Access
Verano Holdings Total Debt 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=total-debt&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();