Verano Holdings Corp.
Verano Holdings Corp.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 85 | 74 | 83 | 83 | 69 | 84 | 88 | 65 | 130 | 194 | 175 | 130 | |||||
Accounts Receivable Net Current | 29 | 32 | 31 | 32 | 31 | 40 | 40 | 47 | 43 | 42 | 39 | 34 | |||||
Assets Held For Sale Not Part Of Disposal Group Cu… | 24 | 28 | 28 | 38 | 44 | 31 | 32 | 0 | 0 | 2 | 2 | 2 | |||||
Inventory Net | 222 | 236 | 230 | 220 | 214 | 192 | 184 | 194 | 169 | 166 | 156 | 151 | |||||
Income Taxes Receivable | 29 | 11 | 12 | - | - | - | 5 | - | - | - | - | - | |||||
Prepaid Expense And Other Assets Current | 15 | 14 | 21 | 12 | 14 | 14 | 13 | 16 | 15 | 15 | 23 | 38 | |||||
Assets Current | 404 | 395 | 405 | 385 | 371 | 361 | 363 | 322 | 358 | 419 | 394 | 355 | |||||
Property Plant And Equipment Net | 485 | 488 | 492 | 500 | 511 | 530 | 538 | 585 | 507 | 499 | 501 | 513 | |||||
Operating Lease Right Of Use Asset | 89 | 90 | 94 | 96 | 97 | 100 | 100 | 96 | 91 | 92 | 93 | 90 | |||||
Intangible Assets Net Excluding Goodwill | 550 | 565 | 579 | 684 | 701 | 717 | 734 | 1,048 | 1,041 | 1,063 | 1,086 | 1,114 | |||||
Goodwill | 161 | 161 | 161 | 248 | 248 | 248 | 246 | 252 | 231 | 231 | 231 | 269 | |||||
Deposits Assets Noncurrent | 9 | 10 | 11 | 13 | 14 | 13 | 13 | 13 | 11 | 11 | 12 | 14 | |||||
Investments In Affiliates Subsidiaries Associates … | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Assets | 1,699 | 1,708 | 1,742 | 1,925 | 1,942 | 1,969 | 1,994 | 2,315 | 2,239 | 2,315 | 2,319 | 2,355 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 27 | 29 | 39 | 42 | 40 | 45 | 40 | 42 | 25 | 28 | 31 | 31 | |||||
Accrued Liabilities Current | 60 | 55 | 69 | 72 | 62 | 58 | 69 | 70 | 66 | 61 | 67 | 52 | |||||
Accrued Income Taxes Current | 0 | 11 | 12 | 14 | 31 | 35 | 64 | 285 | 251 | 258 | 248 | 251 | |||||
Operating Lease Liability Current | 13 | 12 | 12 | 12 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 9 | |||||
Long Term Debt Current | 11 | 11 | 8 | 3 | 3 | 17 | 18 | 23 | 4 | 53 | 52 | 7 | |||||
Business Combination Contingent Consideration Liab… | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 4 | 4 | 4 | 4 | 2 | |||||
Liabilities Current | 109 | 119 | 140 | 143 | 148 | 168 | 203 | 435 | 361 | 415 | 412 | 352 | |||||
Liabilities Noncurrent | |||||||||||||||||
Long Term Debt Noncurrent | 382 | 384 | 392 | 398 | 400 | 404 | 396 | 398 | 392 | 391 | 394 | 415 | |||||
Operating Lease Liability Noncurrent | 89 | 89 | 91 | 93 | 94 | 97 | 98 | 91 | 87 | 86 | 87 | 86 | |||||
Deferred Income Tax Liabilities Net | 43 | 37 | 37 | 71 | 72 | 73 | 74 | 168 | 175 | 180 | 182 | 183 | |||||
Other Liabilities Noncurrent | 0 | 2 | 1 | 2 | 1 | 2 | 2 | 5 | 4 | 3 | 0 | 5 | |||||
Liabilities Noncurrent | 915 | 903 | 899 | 898 | 868 | 860 | 840 | 662 | 657 | 661 | 666 | 689 | |||||
Liabilities | 1,025 | 1,022 | 1,039 | 1,041 | 1,016 | 1,027 | 1,043 | 1,097 | 1,018 | 1,076 | 1,079 | 1,042 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 0 | 0 | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Value | 0 | 0 | 0 | - | - | - | 0 | - | - | - | - | - | |||||
Additional Paid In Capital | 1,751 | 1,747 | 1,745 | - | - | - | 1,736 | - | - | - | - | - | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 0 | 0 | 0 | - | - | - | 0 | - | - | - | - | - | |||||
Retained Earnings Accumulated Deficit | -1,073 | -1,059 | -1,042 | - | - | - | -784 | - | - | - | - | - | |||||
Stockholders Equity | 677 | 688 | 704 | 886 | 927 | 943 | 952 | 1,218 | 1,221 | 1,239 | 1,240 | 1,313 | |||||
Minority Interest | -2 | -2 | -2 | -2 | -2 | -2 | -1 | -0 | - | - | 0 | 0 | |||||
Liabilities And Stockholders Equity | 1,699 | 1,708 | 1,742 | 1,925 | 1,942 | 1,969 | 1,994 | 2,315 | 2,239 | 2,315 | 2,319 | 2,355 | |||||
Common Stock B C Jurisdiction | - | - | 0 | - | - | - | 359 | - | - | - | - | - | |||||
Common Stock N V Jurisdiction | - | - | 0 | - | - | - | 0 | - | - | - | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | - | - | - | - | - | - | - | - | - | |||||
Common Stock Shares Authorized | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | - | - | - | |||||
Common Stock Shares Issued | 368 | 73 | 73 | - | - | - | - | - | - | - | - | - | |||||
Shares Outstanding | 73 | 73 | 73 | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Shares Authorized | 1,000 | 1,000 | 1,000 | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -16.15% | -12.00% | -9.38% | - | - | - | - | - | - | - | - | - |
| 2025 | -13.92% | -33.78% | -13.92% | 100.00% | 34.12% | 74.12% | -35.11% | -7.80% | -6.38% | 12.15% | 24.30% | 10.28% |
| 2024 | - | - | - | - | - | - | -30.88% | -41.18% | -38.73% | -22.33% | -22.22% | -27.11% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.70 | 3.32 | 2.88 | 2.69 | 2.51 | 2.15 | 1.79 | 0.74 | 0.99 | 1.01 | 0.96 | 1.01 | |||||
| Quick Ratio | 1.52 | 1.22 | 1.09 | 1.07 | 0.97 | 0.92 | 0.81 | 0.26 | 0.48 | 0.57 | 0.52 | 0.47 | |||||
| Working Capital | 294.92M | 275.61M | 264.39M | 242.01M | 223.52M | 193.50M | 159.54M | -113.65M | -3.03M | 3.80M | -17.99M | 2.70M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.52 | 1.49 | 1.48 | 1.18 | 1.10 | 1.09 | 1.10 | 0.90 | 0.83 | 0.87 | 0.87 | 0.79 | |||||
| Interest Coverage TTM | -2.67 | -2.08 | -2.00 | -4.73 | -4.62 | -4.60 | -4.33 | 0.83 | 1.19 | 1.25 | 1.42 | -1.29 | |||||
| Debt Ratio | 0.60 | 0.60 | 0.60 | 0.54 | 0.52 | 0.52 | 0.52 | 0.47 | 0.45 | 0.46 | 0.47 | 0.44 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.46 | 0.45 | 0.44 | 0.39 | 0.41 | 0.40 | 0.41 | 0.38 | 0.40 | 0.40 | 0.40 | 0.45 | |||||
| Days Sales Outstanding TTM | 13.01 | 16.06 | 15.82 | 17.39 | 15.94 | 17.25 | 16.46 | 16.52 | 14.24 | 11.77 | 10.80 | 8.00 | |||||
| Receivables Turnover TTM | 28.06 | 22.72 | 23.08 | 20.99 | 22.90 | 21.16 | 22.17 | 22.09 | 25.63 | 31.00 | 33.78 | 45.62 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -3.54 | -3.64 | -3.57 | -4.80 | -4.80 | -4.85 | -4.89 | -2.08 | -1.76 | -1.64 | -1.71 | -3.73 | |||||
| Free Cash Flow Per Share TTM | 0.33 | 0.28 | 0.07 | 0.58 | -0.05 | -0.28 | 0.19 | 0.09 | 0.87 | 1.26 | 1.07 | 1.03 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 47.83% | 50.36% | 50.33% | 49.85% | 50.67% | 49.65% | 50.53% | 50.58% | 51.92% | 51.35% | 50.64% | 49.54% | |||||
| Operating Profit Margin TTM | -15.81% | -13.29% | -13.04% | -30.42% | -29.03% | -28.24% | -27.00% | 5.24% | 7.66% | 7.90% | 9.03% | -8.09% | |||||
| Net Profit Margin TTM | -30.94% | -32.23% | -31.39% | -41.68% | -40.84% | -40.20% | -38.91% | -16.31% | -13.21% | -12.11% | -12.50% | -22.68% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -1.35% | -5.45% | -6.50% | -7.18% | -8.04% | -7.03% | -6.38% | -20.53% | -17.54% | -15.71% | - | - | |||||
| Net Income Growth (1Y) | -25.28% | -24.20% | -24.56% | 137.22% | 184.40% | 208.64% | 191.32% | -42.87% | -56.76% | -59.39% | - | - | |||||
| EPS Growth (1Y) | -26.25% | -25.08% | -26.92% | 130.26% | 172.29% | 195.69% | 185.65% | -44.12% | -57.07% | -59.70% | - | - | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -1.84 | -1.53 | -1.76 | -1.44 | -0.52 | -0.67 | -1.27 | -7.99 | -10.20 | -18.10 | -13.09 | -6.10 | |||||
| P/B TTM | 0.71 | 0.59 | 0.65 | 0.57 | 0.19 | 0.25 | 0.46 | 0.96 | 1.02 | 1.65 | 1.24 | 1.19 | |||||
| P/S TTM | 0.57 | 0.49 | 0.55 | 0.60 | 0.21 | 0.27 | 0.50 | 1.30 | 1.35 | 2.19 | 1.64 | 1.38 | |||||
| Market Cap | 476.79M | 403.34M | 454.75M | 500.72M | 179.46M | 233.44M | 435.23M | 1.17B | 1.24B | 2.04B | 1.54B | 1.56B | |||||
| Enterprise Value | 784.20M | 724.26M | 771.76M | 818.85M | 514.16M | 569.85M | 761.29M | 1.52B | 1.51B | 2.29B | 1.81B | 1.85B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 23.82M | 20.57M | 4.84M | 41.79M | -3.96M | -20.27M | 13.15M | 6.41M | 59.93M | 86.42M | 73.38M | 70.44M | |||||
| Net Debt | 307.42M | 320.92M | 317.01M | 318.14M | 334.70M | 336.41M | 326.05M | 355.17M | 265.73M | 250.89M | 270.88M | 292.26M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Verano Holdings Corp. (VRNO) — SEC Financial Statements & Analysis
Verano Holdings Corp. (VRNO) is a agricultural production-crops company, incorporated in NV. Verano Holdings Corp. trades on OTC as: VRNO. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Verano Holdings Corp. reported a -1.35% year-over-year revenue growth, a Gross Profit Margin of 47.83% (TTM), a Debt-to-Equity ratio of 1.52x, a Price-to-Sales (P/S) ratio of 0.57x (TTM), a Price-to-Book (P/B) ratio of 0.71x (TTM), at a market cap of $476.79M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -1.35%
- Gross Profit Margin TTM
- 47.83%
- Debt To Equity
- 1.52x
- P/S TTM
- 0.57x
- P/B TTM
- 0.71x
- Market Cap
- $476.79M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Verano Holdings Corp. in?
Verano Holdings Corp. (VRNO) operates in the Agricultural Production-Crops industry.
What is VRNO's market cap?
Verano Holdings Corp. (VRNO) has a market capitalization of $476.79M as of 2026-06-30.
What exchange does VRNO trade on?
Verano Holdings Corp. (VRNO) trades on the OTC.
Where is Verano Holdings Corp. incorporated?
Verano Holdings Corp. is incorporated in NV.