Verano Holdings reported revenue of $217.92M and net income of -$13.41M for the quarter ended Jun 2026, up 7.7% year over year. This income statement covers 21 quarters of results from Jun 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||
| Revenue | 206.47M | 211.42M | 202.24M | 223.66M | 227.59M | 225.93M | 227.06M | 234.12M | 240.09M | 237.19M | 221.31M | 222.39M | 216.68M | 218.21M | 209.81M | 202.27M | 202.81M | 206.61M | 208.18M | 217.92M | |
| Cost of RevenueCost of Rev | 108.27M | 102.10M | 103.62M | 125.55M | 104.59M | 122.59M | 117.88M | 118.92M | 106.87M | 119.58M | 108.35M | 108.05M | 107.59M | 110.67M | 110.23M | 89.29M | 107.57M | 100.92M | 109.20M | 118.22M | |
| Gross Profit | 98.20M | 109.32M | 98.62M | 98.11M | 122.99M | 103.34M | 109.19M | 115.19M | 133.22M | 117.61M | 112.96M | 114.34M | 109.10M | 107.53M | 99.58M | 112.98M | 95.24M | 105.69M | 98.98M | 99.70M | |
| Operating items | |||||||||||||||||||||
| Selling, General & AdministrativeSG&A | 76.48M | 81.77M | 89.56M | 100.26M | 85.71M | 81.04M | 75.24M | 84.66M | 86.32M | 85.70M | 90.29M | 87.07M | 92.33M | 83.72M | 84.58M | 86.34M | 80.56M | 85.84M | 85.88M | 92.49M | |
| Other Operating ExpensesOther Opex | -0.01M | -0.65M | -0.99M | -0.20M | 1.44M | -0.41M | 0.07M | -0.39M | -0.23M | -0.57M | -0.14M | -0.60M | -0.35M | -0.08M | -0.21M | -0.62M | -1.03M | -0.03M | 0.01M | ||
| Operating ExpensesOpex | 76.48M | 81.77M | 89.56M | 100.26M | 85.71M | 310.22M | 75.24M | 84.66M | 92.89M | 137.32M | 90.29M | 87.07M | 92.33M | 411.42M | 84.58M | 86.77M | 85.96M | 263.28M | 85.88M | 96.56M | |
| Operating IncomeOp. Inc | 23.01M | 29.43M | 11.06M | -2.29M | 37.08M | -206.98M | 33.78M | 30.43M | 40.29M | -19.71M | 22.67M | 27.27M | 16.77M | -303.88M | 15.00M | 26.21M | 9.28M | -157.58M | 13.10M | 3.14M | |
| EBIT | 23.01M | 29.43M | 11.06M | -2.29M | 37.08M | -206.98M | 33.78M | 30.43M | 40.29M | -19.71M | 22.67M | 27.27M | 16.77M | -303.88M | 15.00M | 26.21M | 9.28M | -157.58M | 13.10M | 3.14M | |
| Non-operating items | |||||||||||||||||||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | 14.10M | -0.17M | 0.17M | ||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | -8.11M | -8.96M | -10.67M | -11.62M | -11.79M | -15.35M | -15.91M | -14.01M | -15.17M | -14.71M | -15.11M | -14.24M | -12.77M | -12.64M | -13.56M | -14.21M | -13.21M | -12.61M | -12.31M | -11.26M | |
| Other Non Operating IncomeOther Non Op Inc. | 0.23M | 10.40M | 9.56M | 15.62M | -0.59M | 14.08M | 1.80M | -1.41M | 2.15M | 2.05M | -0.76M | -3.07M | -0.48M | -0.75M | 4.74M | 2.95M | -9.89M | -1.45M | -5.74M | -2.38M | |
| Non Operating IncomeNon Op. Inc. | -7.89M | 0.79M | 14.53M | 3.55M | -10.69M | -9.66M | -14.70M | -15.81M | -13.26M | -13.23M | -16.02M | -18.50M | -13.86M | -14.36M | -9.17M | -10.21M | -24.67M | -15.09M | -19.30M | -13.63M | |
| Net income details | |||||||||||||||||||||
| EBT | 15.12M | 30.22M | 25.59M | 1.26M | 26.39M | -216.64M | 19.08M | 14.62M | 27.03M | -32.94M | 6.66M | 8.77M | 2.91M | -318.25M | 5.83M | 16.00M | -15.39M | -172.68M | -6.20M | -10.49M | |
| Tax ProvisionsTaxes | 27.09M | 37.05M | 25.52M | 11.10M | 69.38M | -0.53M | 28.32M | 27.68M | 44.80M | 44.35M | 11.48M | 30.53M | 45.48M | -45.54M | 17.35M | 35.15M | 28.44M | 10.74M | 11.62M | 2.92M | |
| Profit After TaxPAT | -12.51M | -7.42M | -0.21M | -9.85M | -42.99M | -216.11M | -9.24M | -13.06M | -17.84M | -77.21M | -4.82M | -21.76M | -42.57M | -272.71M | -11.52M | -19.15M | -43.83M | -183.41M | -17.82M | -13.41M | |
| Equity Income | -0.21M | -0.09M | -0.16M | -0.10M | -0.04M | ||||||||||||||||
| Income from Non-Controlling InterestsInc. Minority | 0.55M | 0.59M | 0.29M | 0.08M | -0.08M | ||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | -11.96M | -6.83M | 0.08M | -9.85M | -42.99M | -216.11M | -9.24M | -13.06M | -17.76M | -77.29M | -4.82M | -21.76M | -42.57M | -272.71M | -11.52M | -19.15M | -43.83M | -183.41M | -17.82M | -13.41M | |
| Consolidated Net IncomeConsol Net Inc. | -11.96M | -6.83M | 0.08M | -9.85M | -42.99M | -216.11M | -9.24M | -13.06M | -17.76M | -77.29M | -4.82M | -21.76M | -42.57M | -272.71M | -11.52M | -19.15M | -43.83M | -183.41M | -17.82M | -13.41M | |
| Income towards Parent CompanyParent Net Inc | -11.96M | -6.83M | 0.08M | -9.85M | -42.99M | -216.11M | -9.24M | -13.06M | -17.76M | -77.29M | -4.82M | -21.76M | -42.57M | -272.71M | -11.52M | -19.15M | -43.83M | -183.41M | -17.82M | -13.41M | |
| Net Income towards Common StockholdersNet Income | -11.96M | -6.83M | 0.08M | -9.85M | -42.99M | -216.11M | -9.24M | -13.06M | -17.76M | -77.29M | -4.82M | -21.76M | -42.57M | -272.71M | -11.52M | -19.15M | -43.83M | -183.41M | -17.82M | -13.41M | |
| Additional items | |||||||||||||||||||||
| EPS (Basic) | -0.04 | -0.02 | 0.00 | -0.03 | -0.13 | -0.65 | -0.03 | -0.04 | -0.05 | -0.23 | -0.01 | -0.06 | -0.12 | -0.78 | -0.03 | -0.05 | -0.12 | -0.51 | -0.05 | -0.18 | |
| EPS (Diluted) | -0.04 | -0.02 | 0.00 | -0.03 | -0.13 | -0.65 | -0.03 | -0.04 | -0.05 | -0.23 | -0.01 | -0.06 | -0.12 | -0.78 | -0.03 | -0.05 | -0.12 | -0.51 | -0.05 | -0.18 | |
| Shares Outstanding | 313.67M | 290.44M | 326.29M | 328.52M | 332.87M | 331.41M | 341.48M | 342.53M | 343.43M | 342.77M | 344.08M | 345.02M | 351.17M | 349.58M | 359.15M | 360.37M | 361.79M | 360.91M | 363.37M | 73.01M | |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 313.67M | 290.44M | 326.29M | 328.52M | 332.87M | 331.41M | 341.48M | 342.53M | 343.43M | 342.77M | 344.08M | 345.02M | 351.17M | 349.58M | 359.15M | 360.37M | 361.79M | 360.91M | 363.37M | 73.01M | |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 315.20M | 324.31M | 327.87M | 313.75M | 322.77M | 666.72M | 666.72M | 666.72M | 688.15M | 688.15M | 688.15M | 688.15M | 717.49M | 717.49M | 719.44M | 434.14M | 361.82M | 728.69M | 728.69M | 146.44M | |
| EBITDA | 23.01M | 29.43M | 11.06M | -2.29M | 37.08M | -206.98M | 33.78M | 30.43M | 40.29M | -19.71M | 22.67M | 27.27M | 16.77M | -303.88M | 15.00M | 26.21M | 9.28M | -157.58M | 13.10M | 3.14M | |
| Tax Rate | 179.09% | 122.59% | 99.70% | 884.00% | 262.93% | 0.24% | 148.40% | 189.35% | 165.71% | -134.66% | 172.46% | 348.28% | 1,562.28% | 14.31% | 297.38% | 219.67% | -184.79% | -6.22% | -187.47% | -27.89% |