What is VERANO HLDGS CORP's earnings per share (EPS)?

VERANO HLDGS CORP (VRNOF) reported diluted earnings per share of -$0.71 for fiscal year 2025. This represents a 27.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

VERANO HLDGS CORP (VRNOF) Financials

VRNOF

Trailing 12 months to March 31, 2026

Revenue $819.9M -5.4% YoY

Net Income -$6.6M +6.7% YoY

EPS (Diluted) -$0.71 FY2025 annual

Free Cash Flow $27.4M +234.9% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VRNOF SEC filings page.

VERANO HLDGS CORP (VRNOF) reported $819.9M in revenue over the twelve months to Mar 31, 2026, down 5.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VRNOF FY2025 2026-10-04

Stable gross margins are being overwhelmed by operating costs, while reinvestment and shrinking equity make cash generation less durable.

Gross margin remained essentially 50.0% across FY2023–FY2025, while operating margin fell to -13.0% from positive territory. That gap indicates the spread between sales and direct costs was not the main pressure; operating expenses and non-direct charges absorbed it.

Operating cash flow fell to $52.9M in FY2025, and free cash flow was $11.6M. The narrow conversion gap reflects $41.2M of capital spending, so reported cash generation is being heavily reinvested rather than remaining available after investment.

Assets fell to $1.7B while equity declined to $704.2M, shrinking the balance-sheet cushion beneath the business. Debt-to-equity rose to 0.6x as the current ratio reached 2.9x; short-term coverage improved even as the capital structure became more debt-heavy relative to equity.

Financial Health Signals

Financial health score not available

VERANO HLDGS CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-0.11

VERANO HLDGS CORP scores -0.11, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($476.1M) relative to total liabilities ($1.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

VERANO HLDGS CORP passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

VERANO HLDGS CORP reported a net loss of $258K while generating $52.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$208.2M

YoY-0.8%

QoQ+0.8%

VERANO HLDGS CORP generated $208.2M in revenue in Q1 2026. This represents a decrease of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.

EBITDA

$42.3M

YoY-9.6%

QoQ+133.0%

VERANO HLDGS CORP's EBITDA was $42.3M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.6% from the same quarter a year earlier. Against the prior quarter it is up 133.0%.

Net Income

-$17.8M

YoY-54.8%

QoQ-124.0%

VERANO HLDGS CORP reported -$17.8M in net income in Q1 2026. This represents a decrease of 54.8% from the same quarter a year earlier. Against the prior quarter it is down 124.0%.

EPS (Diluted)

-$0.05

YoY-66.7%

VERANO HLDGS CORP earned -$0.05 per diluted share (EPS) in Q1 2026. This represents a decrease of 66.7% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

$3.6M

YoY+130.2%

QoQ-16.7%

VERANO HLDGS CORP generated $3.6M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 130.2% from the same quarter a year earlier. Against the prior quarter it is down 16.7%.

Cash & Debt

$74.0M

YoY-12.1%

QoQ-10.5%

VERANO HLDGS CORP held $74.0M in cash against $384.2M in long-term debt as of Q1 2026.

Shares Outstanding

363M

QoQ0.0%

VERANO HLDGS CORP had 363M shares outstanding in Q1 2026. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

47.5%

YoY+0.1pp

QoQ-3.6pp

VERANO HLDGS CORP's gross margin was 47.5% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.6 percentage points.

Operating Margin

6.3%

YoY-0.9pp

QoQ+82.6pp

VERANO HLDGS CORP's operating margin was 6.3% in Q1 2026, reflecting core business profitability. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 82.6 percentage points.

Net Margin

-8.6%

YoY-3.1pp

QoQ-44.5pp

VERANO HLDGS CORP's net profit margin was -8.6% in Q1 2026, showing the share of revenue converted to profit. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 44.5 percentage points.

Return on Equity

-2.6%

YoY-1.4pp

QoQ-13.1pp

VERANO HLDGS CORP's ROE was -2.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.1 percentage points.

Capital Allocation

Capital Expenditures

$14.9M

YoY+7.7%

QoQ+58.3%

VERANO HLDGS CORP invested $14.9M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 7.7% from the same quarter a year earlier. Against the prior quarter it is up 58.3%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

VRNOF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VRNOF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20
Revenue	$819.9M	$821.5M-6.5%	$878.6M-6.4%	$938.5M+6.7%	$879.4M+19.2%	$737.9M+222.9%	$228.5M
Cost of Revenue	$407.0M	$408.0M-6.1%	$434.7M-6.2%	$463.2M+1.5%	$456.4M+12.2%	$406.8M+337.6%	$93.0M
Gross Profit	$412.9M	$413.5M-6.9%	$443.9M-6.6%	$475.2M+12.3%	$423.1M+27.8%	$331.0M+144.2%	$135.6M
SG&A Expenses	$338.6M	$337.3M-4.6%	$353.4M+6.5%	$331.9M-6.9%	$356.6M+31.6%	$270.9M+526.2%	$43.3M
Operating Income	-$109.0M	-$107.1M+54.8%	-$237.2M-379.7%	$84.8M+152.6%	-$161.1M-349.0%	$64.7M-31.9%	$95.0M
EBITDA	N/A	$17.1M+117.5%	-$97.5M-143.2%	$225.9M+1244.2%	-$19.7M-112.3%	$161.0M+56.5%	$102.9M
Income Tax	$86.0M	$91.7M+118.6%	$41.9M-71.1%	$145.1M+37.6%	$105.5M+1.4%	$104.0M+145.9%	$42.3M
Net Income	-$6.6M	-$258K+24.6%	-$342K-191.3%	-$117K+56.4%	-$269K+99.5%	-$57.5M-249.8%	$38.4M
EPS (Basic)	N/A	-$0.71+27.6%	-$0.98-188.2%	-$0.34+58.0%	-$0.81-305.0%	-$0.20-233.3%	$0.15
EPS (Diluted)	—	-$0.71+27.6%	-$0.98-188.2%	-$0.34+58.0%	-$0.81	-$0.20-242.9%	$0.14
Diluted Shares (Avg)	N/A	361M+3.2%	350M+2.0%	343M+3.4%	331M	290M+7.3%	271M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'24
Revenue	$208.2M-0.8%	$206.6M-5.3%	$202.8M-6.4%	$202.3M-9.0%	$209.8M-5.2%	$218.2M-8.0%	$216.7M-9.7%	$222.4M-5.0%
Cost of Revenue	$109.2M-0.9%	$100.9M-8.8%	$107.6M0.0%	$89.3M-17.4%	$110.2M+1.7%	$110.7M-7.4%	$107.6M+0.7%	$108.0M-9.1%
Gross Profit	$99.0M-0.6%	$105.7M-1.7%	$95.2M-12.7%	$113.0M-1.2%	$99.6M-11.8%	$107.5M-8.6%	$109.1M-18.1%	$114.3M-0.7%
SG&A Expenses	$85.9M+1.5%	$85.8M+2.5%	$80.6M-12.7%	$86.3M-0.8%	$84.6M-6.3%	$83.7M-2.3%	$92.3M+7.0%	$87.1M+2.9%
Operating Income	$13.1M-12.7%	-$157.6M+48.1%	$9.3M-44.7%	$26.2M-3.9%	$15.0M-33.8%	-$303.9M-1441.3%	$16.8M-58.4%	$27.3M-10.4%
EBITDA	$42.3M-9.6%	-$128.3M+52.9%	$40.8M-23.9%	$57.7M-8.4%	$46.8M-19.6%	-$272.4M-1817.5%	$53.6M-29.0%	$63.0M-4.1%
Income Tax	$11.6M-33.0%	$10.7M+123.6%	$28.4M-37.5%	$35.2M+15.1%	$17.3M+51.2%	-$45.5M-202.7%	$45.5M+1.5%	$30.5M+10.3%
Net Income	-$17.8M-54.8%	$74.2M+7.9%	-$43.8M-3.0%	-$19.1M+12.0%	-$11.5M-138.8%	$68.8M+71.9%	-$42.6M-138.6%	-$21.8M-66.6%
EPS (Basic)	-$0.05-66.7%	N/A	-$0.120.0%	-$0.05+16.7%	-$0.03-200.0%	N/A	-$0.12-140.0%	-$0.06-50.0%
EPS (Diluted)	-$0.05-66.7%	N/A	-$0.120.0%	-$0.05+16.7%	-$0.03-200.0%	N/A	-$0.12-140.0%	-$0.06-50.0%
Diluted Shares (Avg)	363M+1.2%	N/A	362M+3.0%	360M+4.4%	359M+4.4%	N/A	351M+2.3%	345M+0.7%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

VRNOF Balance Sheet

VRNOF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20
Total Assets	$1.7B-12.7%	$2.0B-14.0%	$2.3B-3.2%	$2.4B-6.0%	$2.5B	N/A
Current Assets	$404.7M+11.6%	$362.7M-8.0%	$394.2M+23.9%	$318.3M+14.9%	$277.0M	N/A
Cash & Equivalents	$82.7M-5.8%	$87.8M-49.8%	$174.8M+106.0%	$84.9M-14.4%	$99.1M+504.3%	$16.4M
Inventory	$230.0M+24.7%	$184.5M+18.4%	$155.8M-5.3%	$164.5M+16.9%	$140.7M	N/A
Accounts Receivable	$30.9M-23.2%	$40.3M+3.3%	$39.0M+135.1%	$16.6M-4.8%	$17.4M	N/A
Goodwill	$161.0M-34.6%	$246.2M+6.5%	$231.3M-14.0%	$269.1M-26.9%	$368.1M+2196.6%	$16.0M
Total Liabilities	$1.0B-0.4%	$1.0B-3.3%	$1.1B+2.3%	$1.1B-1.2%	$1.1B	N/A
Current Liabilities	$140.3M-30.9%	$203.1M-50.7%	$412.2M+6.6%	$386.6M-17.8%	$470.5M	N/A
Non-Current Liabilities	$899.0M+7.0%	$840.2M+26.1%	$666.5M-0.2%	$667.9M+12.0%	$596.3M	N/A
Long-Term Debt	$391.9M-1.0%	$395.7M+0.5%	$393.6M+1.3%	$388.5M+40.7%	$276.2M	N/A
Total Equity	$704.2M-26.0%	$952.2M-23.2%	$1.2B-7.6%	$1.3B-9.4%	$1.5B	N/A
Retained Earnings	-$1.0B-32.9%	-$783.6M	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'24
Total Assets	$1.7B-13.2%	$1.7B-12.7%	$1.9B-16.8%	$1.9B-13.3%	$2.0B-14.9%	$2.0B-14.0%	$2.3B-1.7%	$2.2B-4.6%
Current Assets	$394.5M+9.2%	$404.7M+11.6%	$385.4M+19.8%	$371.4M+3.9%	$361.1M-13.8%	$362.7M-8.0%	$321.7M-9.4%	$357.6M+12.1%
Cash & Equivalents	$74.0M-12.1%	$82.7M-5.8%	$82.6M+27.1%	$68.6M-47.3%	$84.2M-56.5%	$87.8M-49.8%	$65.0M-50.0%	$130.1M+26.8%
Inventory	$235.6M+22.5%	$230.0M+24.7%	$219.7M+13.2%	$214.3M+26.6%	$192.3M+15.7%	$184.5M+18.4%	$194.0M+28.7%	$169.4M+16.9%
Accounts Receivable	$32.1M-19.7%	$30.9M-23.2%	$32.5M-30.8%	$30.8M-28.8%	$40.0M-4.6%	$40.3M+3.3%	$46.9M+36.8%	$43.2M+50.8%
Goodwill	$161.0M-35.0%	$161.0M-34.6%	$247.6M-1.8%	$247.6M+7.1%	$247.6M+7.1%	$246.2M+6.5%	$252.2M-6.3%	$231.3M-14.1%
Total Liabilities	$1.0B-0.5%	$1.0B-0.4%	$1.0B-5.1%	$1.0B-0.1%	$1.0B-4.5%	$1.0B-3.3%	$1.1B+5.3%	$1.0B-0.3%
Current Liabilities	$118.9M-29.1%	$140.3M-30.9%	$143.4M-67.1%	$147.8M-59.0%	$167.6M-59.6%	$203.1M-50.7%	$435.4M+23.6%	$360.6M+3.5%
Non-Current Liabilities	$902.9M+5.0%	$899.0M+7.0%	$897.9M+35.7%	$868.4M+32.2%	$859.7M+30.0%	$840.2M+26.1%	$661.6M-4.0%	$657.1M-2.2%
Long-Term Debt	$384.2M-4.8%	$391.9M-1.0%	$397.8M+0.1%	$399.8M+2.1%	$403.8M+3.2%	$395.7M+0.5%	$397.6M-4.3%	$391.7M-1.8%
Total Equity	$688.3M-27.0%	$704.2M-26.0%	$885.9M-27.3%	$927.2M-24.1%	$943.4M-23.9%	$952.2M-23.2%	$1.2B-7.3%	$1.2B-7.9%
Retained Earnings	-$1.1B	-$1.0B-32.9%	N/A	N/A	N/A	-$783.6M	N/A	N/A

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

VRNOF Cash Flow Statement

VRNOF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20
Operating Cash Flow	$69.7M	$52.9M-52.9%	$112.2M+2.3%	$109.7M+16.3%	$94.3M-48.4%	$182.9M+155.3%	$71.6M
Depreciation & Amortization	N/A	$124.2M-11.1%	$139.7M-1.0%	$141.1M-0.2%	$141.4M+46.9%	$96.2M+1123.5%	$7.9M
Stock-Based Compensation	N/A	$11.5M-32.1%	$16.9M+28.1%	$13.2M-66.1%	$39.1M-13.7%	$45.3M	$0
Capital Expenditures	$42.3M	$41.2M-58.4%	$99.0M+172.6%	$36.3M-69.5%	$119.2M-15.6%	$141.3M+134.8%	$60.2M
Free Cash Flow	$27.4M	$11.6M-11.5%	$13.1M-82.1%	$73.4M+395.6%	-$24.8M-159.7%	$41.6M+262.6%	$11.5M
Investing Cash Flow	-$42.7M	-$32.6M+75.5%	-$133.3M-290.2%	-$34.1M+83.6%	-$207.9M+54.4%	-$455.8M-424.5%	-$86.9M
Financing Cash Flow	-$37.1M	-$25.3M+61.6%	-$65.9M-559.3%	$14.4M-85.5%	$99.2M-72.1%	$355.7M+1307.7%	$25.3M
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0-100.0%	$46K

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'24
Operating Cash Flow	$18.6M+940.7%	$13.8M-68.2%	$26.4M-11.4%	$10.9M+37.6%	$1.8M-94.2%	$43.5M+34.5%	$29.7M-18.8%	$7.9M-66.8%
Depreciation & Amortization	$29.2M-8.2%	$29.3M-7.0%	$31.6M-14.4%	$31.5M-11.9%	$31.8M-10.6%	$31.5M-11.4%	$36.9M+4.5%	$35.7M+1.4%
Stock-Based Compensation	$2.2M-33.1%	N/A	$2.5M-47.3%	$3.3M-22.6%	$3.3M-15.9%	N/A	$4.8M+2.2%	$4.3M+15.2%
Capital Expenditures	$14.9M+7.7%	$9.4M-33.8%	$7.5M-86.8%	$10.5M-43.5%	$13.9M+42.9%	$14.2M+45.0%	$56.6M+468.0%	$18.5M+131.9%
Free Cash Flow	$3.6M+130.2%	$4.4M-85.0%	$18.9M+170.4%	$431K+104.1%	-$12.1M-156.6%	$29.3M+29.9%	-$26.9M-200.7%	-$10.6M-166.7%
Investing Cash Flow	-$14.9M-212.5%	-$10.0M+19.6%	-$7.5M+92.0%	-$10.4M+43.8%	-$4.8M+50.8%	-$12.4M-26.2%	-$92.6M-830.7%	-$18.5M-142.2%
Financing Cash Flow	-$12.4M-1994.4%	-$3.7M+54.8%	-$4.8M-124.0%	-$16.1M+69.6%	-$591K+74.5%	-$8.3M-137.1%	-$2.2M-418.9%	-$53.2M-505.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

VRNOF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VRNOF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY22	FY21	FY20
Gross Margin	50.3%-0.2pp	50.5%-0.1pp	50.6%+2.5pp	48.1%+3.3pp	44.9%-14.5pp	59.3%
Operating Margin	-13.0%+14.0pp	-27.0%-36.0pp	9.0%+27.4pp	-18.3%-27.1pp	8.8%-32.8pp	41.6%
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%+7.8pp	-7.8%-24.6pp	16.8%
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%+3.9pp	-3.9%	N/A
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%+2.3pp	-2.3%	N/A
Current Ratio	2.88+1.1x	1.79+0.8x	0.96+0.1x	0.82+0.2x	0.59	N/A
Debt-to-Equity	0.56+0.1x	0.42+0.1x	0.320.0x	0.29+0.1x	0.19	N/A
Asset Turnover	0.470.0x	0.440.0x	0.400.0x	0.37+0.1x	0.29	N/A
FCF Margin	1.4%-0.1pp	1.5%-6.3pp	7.8%+10.6pp	-2.8%-8.5pp	5.6%+0.6pp	5.0%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'24
Gross Margin	47.5%+0.1pp	51.2%+1.9pp	47.0%-3.4pp	55.9%+4.4pp	47.5%-3.6pp	49.3%-0.3pp	50.3%-5.1pp	51.4%+2.2pp
Operating Margin	6.3%-0.9pp	-76.3%	4.6%-3.2pp	13.0%+0.7pp	7.1%-3.1pp	-139.3%	7.7%-9.0pp	12.3%-0.7pp
Net Margin	-8.6%-3.1pp	35.9%+4.4pp	-21.6%-2.0pp	-9.5%+0.3pp	-5.5%-3.3pp	31.5%+14.7pp	-19.6%-12.2pp	-9.8%-4.2pp
Return on Equity	-2.6%-1.4pp	10.5%+3.3pp	-5.0%-1.5pp	-2.1%-0.3pp	-1.2%-0.8pp	7.2%+4.0pp	-3.5%-2.1pp	-1.8%-0.8pp
Return on Assets	-1.0%-0.5pp	4.3%+0.8pp	-2.3%-0.4pp	-1.0%0.0pp	-0.6%-0.4pp	3.5%+1.7pp	-1.8%-1.1pp	-1.0%-0.4pp
Current Ratio	3.32+1.2x	2.88+1.1x	2.69+1.9x	2.51+1.5x	2.15+1.1x	1.79+0.8x	0.74-0.3x	0.99+0.1x
Debt-to-Equity	0.56+0.1x	0.56+0.1x	0.45+0.1x	0.43+0.1x	0.43+0.1x	0.42+0.1x	0.330.0x	0.320.0x
Asset Turnover	0.120.0x	0.120.0x	0.110.0x	0.100.0x	0.110.0x	0.110.0x	0.090.0x	0.100.0x
FCF Margin	1.8%+7.5pp	2.1%-11.3pp	9.3%+21.7pp	0.2%+5.0pp	-5.8%-15.4pp	13.4%+3.9pp	-12.4%-23.5pp	-4.8%-11.6pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
VERANO HLDGS CORP VRNOF	FY2025	$821.5M	-$258K	0.0%	$476.1M	—
GLASS HOUSE BRANDS INC GLASF	FY2025	$182.0M	-$29.7M	-16.3%	$1.0B	—
CRESCO LABS INC CRLBF	FY2025	$655.8M	-$135.4M	-20.6%	$240.6M	—
VIREO GROWTH INC VREOF	FY2025	$268.8M	-$68.1M	-25.3%	$483.9M	—
NIKA PHARMACEUTICALS INC NIKA	FY2025	N/A	-$76K	N/A	$429.9M	—
ELITE PHARMS INC ELTP	FY2026	$148.9M	$44.9M	30.1%	$274.8M	—

Where VERANO HLDGS CORP Ranks

Frequently Asked Questions

What is VERANO HLDGS CORP's annual revenue?

VERANO HLDGS CORP (VRNOF) reported $821.5M in total revenue for fiscal year 2025. This represents a -6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is VERANO HLDGS CORP's revenue growing?

VERANO HLDGS CORP (VRNOF) revenue declined by 6.5% year-over-year, from $878.6M to $821.5M in fiscal year 2025.

Is VERANO HLDGS CORP profitable?

No, VERANO HLDGS CORP (VRNOF) reported a net income of -$258K in fiscal year 2025, with a net profit margin of 0.0%.

What is VERANO HLDGS CORP's EBITDA?

VERANO HLDGS CORP (VRNOF) had EBITDA of $17.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does VERANO HLDGS CORP have?

As of fiscal year 2025, VERANO HLDGS CORP (VRNOF) had $82.7M in cash and equivalents against $391.9M in long-term debt.

What is VERANO HLDGS CORP's gross margin?

VERANO HLDGS CORP (VRNOF) had a gross margin of 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is VERANO HLDGS CORP's operating margin?

VERANO HLDGS CORP (VRNOF) had an operating margin of -13.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is VERANO HLDGS CORP's net profit margin?

VERANO HLDGS CORP (VRNOF) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is VERANO HLDGS CORP's return on equity (ROE)?

VERANO HLDGS CORP (VRNOF) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is VERANO HLDGS CORP's free cash flow?

VERANO HLDGS CORP (VRNOF) generated $11.6M in free cash flow during fiscal year 2025. This represents a -11.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is VERANO HLDGS CORP's operating cash flow?

VERANO HLDGS CORP (VRNOF) generated $52.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are VERANO HLDGS CORP's total assets?

VERANO HLDGS CORP (VRNOF) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are VERANO HLDGS CORP's capital expenditures?

VERANO HLDGS CORP (VRNOF) invested $41.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does VERANO HLDGS CORP have outstanding?

VERANO HLDGS CORP (VRNOF) had 363M shares outstanding as of fiscal year 2025.

What is VERANO HLDGS CORP's current ratio?

VERANO HLDGS CORP (VRNOF) had a current ratio of 2.88 as of fiscal year 2025, which is generally considered healthy.

What is VERANO HLDGS CORP's debt-to-equity ratio?

VERANO HLDGS CORP (VRNOF) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is VERANO HLDGS CORP's return on assets (ROA)?

VERANO HLDGS CORP (VRNOF) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is VERANO HLDGS CORP's Altman Z-Score?

VERANO HLDGS CORP (VRNOF) has an Altman Z-Score of -0.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is VERANO HLDGS CORP's Piotroski F-Score?

VERANO HLDGS CORP (VRNOF) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are VERANO HLDGS CORP's earnings high quality?

VERANO HLDGS CORP (VRNOF) reported a net loss of $258K while generating $52.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.