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VERANO HOLDINGS CORP.

EDGAR

Quarterly report (10-Q) · filed 2026-10-29

Annual consolidated revenue for 2025: about USD 821.5M, using the latest reported figures. The previous period, 2024, was about USD 878.6M.

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Watchlist

Latest quarter

Revenue

212 million USD

2026 Q3 · USD

Exact inputs and evidence

Revenue: 212443000 USD Source

Operating margin

5.61%

2026 Q3 · %

Exact inputs and evidence

Operating Income: 11908000 USD Source
Revenue: 212443000 USD Source

Operating cash flow

48.7 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 97903000 USD Source
Operating Cash Flow: 49211000 USD Source

Free cash flow

35.6 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 97903000 USD Source
Operating Cash Flow: 49211000 USD Source
Capital Expenditure: 39945000 USD Source
Capital Expenditure: 26807000 USD Source

Cash and cash equivalents: 102 million USD 2026-09-30 Source
Exact value

102054000 USD
Long-term debt including current maturities: 390 million USD 2026-09-30 Source
Exact value

390177000 USD
Shares outstanding: 72.9 million shares 2026-09-30 Source
Exact value

72934412 shares

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

845 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Revenue: 821504000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 614891000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 208178000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 217918000 USD · 2026-04-01 – 2026-06-30 Source
Revenue: 212443000 USD · 2026-07-01 – 2026-09-30 Source

Net income

-219 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Net income: -257908000 USD · 2025-01-01 – 2025-12-31 Source
Net income: -74497000 USD · 2025-01-01 – 2025-09-30 Source
Net income: -17823000 USD · 2026-01-01 – 2026-03-31 Source
Net income: -13411000 USD · 2026-04-01 – 2026-06-30 Source
Net income: -4065000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

112 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Operating cash flow: 52855000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 39040000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 18587000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 49211000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 18587000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 97903000 USD · 2026-01-01 – 2026-09-30 Source
Operating cash flow: 49211000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

49.4 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Capital expenditure: 41226000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 31792000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 14937000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 26807000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 14937000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 39945000 USD · 2026-01-01 – 2026-09-30 Source
Capital expenditure: 26807000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

62.3 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Operating cash flow: 52855000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 39040000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 18587000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 49211000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 18587000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 97903000 USD · 2026-01-01 – 2026-09-30 Source
Operating cash flow: 49211000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 41226000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 31792000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 14937000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 26807000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 14937000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 39945000 USD · 2026-01-01 – 2026-09-30 Source
Capital expenditure: 26807000 USD · 2026-01-01 – 2026-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 6 of 11 periods available· newest 2025-12-31
Operating income: 6 of 11 periods available· newest 2025-12-31
Net income: 6 of 11 periods available· newest 2025-12-31
Operating cash flow: 6 of 11 periods available· newest 2025-12-31
Capital expenditure: 6 of 11 periods available· newest 2025-12-31
Total assets: 5 of 11 periods available· newest 2025-12-31
Total liabilities: 5 of 11 periods available· newest 2025-12-31
Current assets: 5 of 11 periods available· newest 2025-12-31
Current liabilities: 5 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 5 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 5 of 11 periods available· newest 2025-12-31
Shares outstanding: 1 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-6.5%

Prior period

USD 878.59 million

2024-01-01 – 2024-12-31
Current period

USD 821.5 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

821504000 − 878585000 = -57081000 USD

878585000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
821504000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Year-over-year change in Revenue: -57081000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 821504000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2587503 Filing: 000162828026017011 Input fundies:Revenue: 878585000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2613994 Filing: 000162828026017011
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 83.95 million

Prior period

−USD 341.86 million

2024-01-01 – 2024-12-31
Current period

−USD 257.91 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-257908000 − -341859000 = 83951000 USD

-341859000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-257908000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Year-over-year change in Net income: 83951000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -257908000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2195560 Filing: 000162828026017011 Input fundies:NetIncome: -341859000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2196334 Filing: 000162828026017011
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-52.9%

Prior period

USD 112.2 million

2024-01-01 – 2024-12-31
Current period

USD 52.86 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

52855000 − 112195000 = -59340000 USD

112195000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
52855000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Year-over-year change in Operating cash flow: -59340000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 52855000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1704753 Filing: 000162828026017011 Input fundies:OperatingCashFlow: 112195000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1705399 Filing: 000162828026017011
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-58.4%

Prior period

USD 99.05 million

2024-01-01 – 2024-12-31
Current period

USD 41.23 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

41226000 − 99048000 = -57822000 USD

99048000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
41226000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Year-over-year change in Capital expenditure: -57822000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 41226000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1709958 Filing: 000162828026017011 Input fundies:CapitalExpenditure: 99048000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1710548 Filing: 000162828026017011
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 821.5 million 100% of revenue
Cost of revenue USD 408.01 million 50% of revenue
Operating expenses USD 520.59 million 63% of revenue
Operating income −USD 107.09 million −13% of revenue
Tax, interest and other Derived USD 150.82 million 18% of revenue
Net income −USD 257.91 million −31% of revenue

Cash

Operating cash flow USD 52.86 million 6.4% of revenue
Capital expenditure USD 41.23 million 5% of revenue
Free cash flow Derived USD 11.63 million 1.4% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2020 17%25%58%
2021 Net loss: net income was −7.8% of revenue.
2022 Operating loss: operating costs were 118% of revenue.
2023 Net loss: net income was −13% of revenue.
2024 Operating loss: operating costs were 127% of revenue.
2025 Operating loss: operating costs were 113% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2020 2020-01-01 – 2020-12-31	228530000	133532000 Derived	94998000	56597000 Derived	38401000	11474000 Derived	Source 2020-01-01 – 2020-12-31: 228530000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 94998000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 38401000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 71627000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 60153000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	737850000	673137000 Derived	64713000	122220000 Derived	-57507000	41607000 Derived	Source 2021-01-01 – 2021-12-31: 737850000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 64713000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -57507000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 182872000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 141265000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	879412000	1040543000 Derived	-161131000	108033000 Derived	-269164000	-24827000 Derived	Source 2022-01-01 – 2022-12-31: 879412000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -161131000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -269164000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 94347000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 119174000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	938452000	853668000 Derived	84784000	202132000 Derived	-117348000	73380000 Derived	Source 2023-01-01 – 2023-12-31: 938452000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 84784000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -117348000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 109710000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 36330000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	878585000	1115761000 Derived	-237176000	104683000 Derived	-341859000	13147000 Derived	Source 2024-01-01 – 2024-12-31: 878585000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -237176000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -341859000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 112195000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 99048000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	821504000	928597000 Derived	-107093000	150815000 Derived	-257908000	11629000 Derived	Source 2025-01-01 – 2025-12-31: 821504000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -107093000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -257908000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 52855000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 41226000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 821.5M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20202020-12-31	Revenue	228530000	Revenue: 228530000 Open source
20212021-12-31	Revenue	737850000	Revenue: 737850000 Open source
20222022-12-31	Revenue	879412000	Revenue: 879412000 Open source
20232023-12-31	Revenue	938452000	Revenue: 938452000 Open source
20242024-12-31	Revenue	878585000	Revenue: 878585000 Open source
20252025-12-31	Revenue	821504000	Revenue: 821504000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-6.5% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20202020-12-31	Year over year	No prior comparable period	Revenue: 228530000 Open source
20212021-12-31	Year over year	222.9%	Revenue: 737850000 Open source Revenue: 228530000 Open source
20222022-12-31	Year over year	19.2%	Revenue: 879412000 Open source Revenue: 737850000 Open source
20232023-12-31	Year over year	6.7%	Revenue: 938452000 Open source Revenue: 879412000 Open source
20242024-12-31	Year over year	-6.4%	Revenue: 878585000 Open source Revenue: 938452000 Open source
20252025-12-31	Year over year	-6.5%	Revenue: 821504000 Open source Revenue: 878585000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -13% 2025

Net margin -31.4% 2025

Free cash flow margin 1.4% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20202020-12-31	Operating margin	41.6%	Operating Income: 94998000 Open source Revenue: 228530000 Open source
20212021-12-31	Operating margin	8.8%	Operating Income: 64713000 Open source Revenue: 737850000 Open source
20222022-12-31	Operating margin	-18.3%	Operating Income: -161131000 Open source Revenue: 879412000 Open source
20232023-12-31	Operating margin	9%	Operating Income: 84784000 Open source Revenue: 938452000 Open source
20242024-12-31	Operating margin	-27%	Operating Income: -237176000 Open source Revenue: 878585000 Open source
20252025-12-31	Operating margin	-13%	Operating Income: -107093000 Open source Revenue: 821504000 Open source
20202020-12-31	Net margin	16.8%	Net Income: 38401000 Open source Revenue: 228530000 Open source
20212021-12-31	Net margin	-7.8%	Net Income: -57507000 Open source Revenue: 737850000 Open source
20222022-12-31	Net margin	-30.6%	Net Income: -269164000 Open source Revenue: 879412000 Open source
20232023-12-31	Net margin	-12.5%	Net Income: -117348000 Open source Revenue: 938452000 Open source
20242024-12-31	Net margin	-38.9%	Net Income: -341859000 Open source Revenue: 878585000 Open source
20252025-12-31	Net margin	-31.4%	Net Income: -257908000 Open source Revenue: 821504000 Open source
20202020-12-31	Free cash flow margin	5%	Revenue: 228530000 Open source Operating Cash Flow: 71627000 Open source Capital Expenditure: 60153000 Open source
20212021-12-31	Free cash flow margin	5.6%	Revenue: 737850000 Open source Operating Cash Flow: 182872000 Open source Capital Expenditure: 141265000 Open source
20222022-12-31	Free cash flow margin	-2.8%	Revenue: 879412000 Open source Operating Cash Flow: 94347000 Open source Capital Expenditure: 119174000 Open source
20232023-12-31	Free cash flow margin	7.8%	Revenue: 938452000 Open source Operating Cash Flow: 109710000 Open source Capital Expenditure: 36330000 Open source
20242024-12-31	Free cash flow margin	1.5%	Revenue: 878585000 Open source Operating Cash Flow: 112195000 Open source Capital Expenditure: 99048000 Open source
20252025-12-31	Free cash flow margin	1.4%	Revenue: 821504000 Open source Operating Cash Flow: 52855000 Open source Capital Expenditure: 41226000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 52.9M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20202020-12-31	Operating cash flow	71627000	Operating Cash Flow: 71627000 Open source
20212021-12-31	Operating cash flow	182872000	Operating Cash Flow: 182872000 Open source
20222022-12-31	Operating cash flow	94347000	Operating Cash Flow: 94347000 Open source
20232023-12-31	Operating cash flow	109710000	Operating Cash Flow: 109710000 Open source
20242024-12-31	Operating cash flow	112195000	Operating Cash Flow: 112195000 Open source
20252025-12-31	Operating cash flow	52855000	Operating Cash Flow: 52855000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 11.6M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20202020-12-31	Free cash flow	11474000	Operating Cash Flow: 71627000 Open source Capital Expenditure: 60153000 Open source
20212021-12-31	Free cash flow	41607000	Operating Cash Flow: 182872000 Open source Capital Expenditure: 141265000 Open source
20222022-12-31	Free cash flow	-24827000	Operating Cash Flow: 94347000 Open source Capital Expenditure: 119174000 Open source
20232023-12-31	Free cash flow	73380000	Operating Cash Flow: 109710000 Open source Capital Expenditure: 36330000 Open source
20242024-12-31	Free cash flow	13147000	Operating Cash Flow: 112195000 Open source Capital Expenditure: 99048000 Open source
20252025-12-31	Free cash flow	11629000	Operating Cash Flow: 52855000 Open source Capital Expenditure: 41226000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

59.7% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2020-12-31	Liabilities / assets	Not reported	No source recorded
20212021-12-31	Liabilities / assets	41.9%	Total Liabilities: 1066849000 Open source Total Assets: 2548655000 Open source
20222022-12-31	Liabilities / assets	44%	Total Liabilities: 1054505000 Open source Total Assets: 2396055000 Open source
20232023-12-31	Liabilities / assets	46.5%	Total Liabilities: 1078665000 Open source Total Assets: 2318745000 Open source
20242024-12-31	Liabilities / assets	52.3%	Total Liabilities: 1043281000 Open source Total Assets: 1994100000 Open source
20252025-12-31	Liabilities / assets	59.7%	Total Liabilities: 1039215000 Open source Total Assets: 1741594000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

2.88× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2020-12-31	Current assets / current liabilities	Not reported	No source recorded
20212021-12-31	Current assets / current liabilities	0.59×	Current Assets: 277044000 Open source Current Liabilities: 470516000 Open source
20222022-12-31	Current assets / current liabilities	0.82×	Current Assets: 318275000 Open source Current Liabilities: 386645000 Open source
20232023-12-31	Current assets / current liabilities	0.96×	Current Assets: 394196000 Open source Current Liabilities: 412188000 Open source
20242024-12-31	Current assets / current liabilities	1.79×	Current Assets: 362653000 Open source Current Liabilities: 203112000 Open source
20252025-12-31	Current assets / current liabilities	2.88×	Current Assets: 404651000 Open source Current Liabilities: 140261000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2020 2020-01-01 – 2020-12-31	USD 38.4 million Exact value Exact value: 38401000 USD 2020-01-01 – 2020-12-31: 38401000 USD Inspect Net Income Open source Share or cite Citation for Net Income · VERANO HOLDINGS CORP. · 2020-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Net Income: 38401000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 38401000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009918/vrnof-20221231.htm#3541792 Filing: 000162828023009918 The citation records this snapshot. The page link may show a newer release later.	USD 71.63 million Exact value Exact value: 71627000 USD 2020-01-01 – 2020-12-31: 71627000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · VERANO HOLDINGS CORP. · 2020-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Operating Cash Flow: 71627000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 71627000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009918/vrnof-20221231.htm#1966544 Filing: 000162828023009918 The citation records this snapshot. The page link may show a newer release later.	USD 60.15 million Exact value Exact value: 60153000 USD 2020-01-01 – 2020-12-31: 60153000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · VERANO HOLDINGS CORP. · 2020-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Capital Expenditure: 60153000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 60153000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009918/vrnof-20221231.htm#1973880 Filing: 000162828023009918 The citation records this snapshot. The page link may show a newer release later.	USD 11.47 million Calculation and evidence 71627000 − 60153000 USD Exact free cash flow: 11474000 USD 2020-01-01 – 2020-12-31: 71627000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 60153000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · VERANO HOLDINGS CORP. · 2020-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Free cash flow: 11474000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 71627000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009918/vrnof-20221231.htm#1966544 Filing: 000162828023009918 Input fundies:CapitalExpenditure: 60153000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009918/vrnof-20221231.htm#1973880 Filing: 000162828023009918 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−USD 57.51 million Exact value Exact value: -57507000 USD 2021-01-01 – 2021-12-31: -57507000 USD Inspect Net Income Open source Share or cite Citation for Net Income · VERANO HOLDINGS CORP. · 2021-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Net Income: -57507000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -57507000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828024011506/vrnof-20231231.htm#3156117 Filing: 000162828024011506 The citation records this snapshot. The page link may show a newer release later.	USD 182.87 million Exact value Exact value: 182872000 USD 2021-01-01 – 2021-12-31: 182872000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · VERANO HOLDINGS CORP. · 2021-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Operating Cash Flow: 182872000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 182872000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828024011506/vrnof-20231231.htm#1882757 Filing: 000162828024011506 The citation records this snapshot. The page link may show a newer release later.	USD 141.27 million Exact value Exact value: 141265000 USD 2021-01-01 – 2021-12-31: 141265000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · VERANO HOLDINGS CORP. · 2021-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Capital Expenditure: 141265000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 141265000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828024011506/vrnof-20231231.htm#1885881 Filing: 000162828024011506 The citation records this snapshot. The page link may show a newer release later.	USD 41.61 million Calculation and evidence 182872000 − 141265000 USD Exact free cash flow: 41607000 USD 2021-01-01 – 2021-12-31: 182872000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 141265000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · VERANO HOLDINGS CORP. · 2021-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Free cash flow: 41607000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 182872000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828024011506/vrnof-20231231.htm#1882757 Filing: 000162828024011506 Input fundies:CapitalExpenditure: 141265000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828024011506/vrnof-20231231.htm#1885881 Filing: 000162828024011506 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 269.16 million Exact value Exact value: -269164000 USD 2022-01-01 – 2022-12-31: -269164000 USD Inspect Net Income Open source Share or cite Citation for Net Income · VERANO HOLDINGS CORP. · 2022-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Net Income: -269164000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -269164000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008390/vrnof-20241231.htm#2266070 Filing: 000162828025008390 The citation records this snapshot. The page link may show a newer release later.	USD 94.35 million Exact value Exact value: 94347000 USD 2022-01-01 – 2022-12-31: 94347000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · VERANO HOLDINGS CORP. · 2022-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Operating Cash Flow: 94347000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 94347000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008390/vrnof-20241231.htm#1773403 Filing: 000162828025008390 The citation records this snapshot. The page link may show a newer release later.	USD 119.17 million Exact value Exact value: 119174000 USD 2022-01-01 – 2022-12-31: 119174000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · VERANO HOLDINGS CORP. · 2022-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Capital Expenditure: 119174000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 119174000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008390/vrnof-20241231.htm#1778540 Filing: 000162828025008390 The citation records this snapshot. The page link may show a newer release later.	−USD 24.83 million Calculation and evidence 94347000 − 119174000 USD Exact free cash flow: -24827000 USD 2022-01-01 – 2022-12-31: 94347000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 119174000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · VERANO HOLDINGS CORP. · 2022-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Free cash flow: -24827000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 94347000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008390/vrnof-20241231.htm#1773403 Filing: 000162828025008390 Input fundies:CapitalExpenditure: 119174000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008390/vrnof-20241231.htm#1778540 Filing: 000162828025008390 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	−USD 117.35 million Exact value Exact value: -117348000 USD 2023-01-01 – 2023-12-31: -117348000 USD Inspect Net Income Open source Share or cite Citation for Net Income · VERANO HOLDINGS CORP. · 2023-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Net Income: -117348000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -117348000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2197109 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 109.71 million Exact value Exact value: 109710000 USD 2023-01-01 – 2023-12-31: 109710000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · VERANO HOLDINGS CORP. · 2023-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Operating Cash Flow: 109710000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 109710000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1706047 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 36.33 million Exact value Exact value: 36330000 USD 2023-01-01 – 2023-12-31: 36330000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · VERANO HOLDINGS CORP. · 2023-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Capital Expenditure: 36330000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 36330000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1711139 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 73.38 million Calculation and evidence 109710000 − 36330000 USD Exact free cash flow: 73380000 USD 2023-01-01 – 2023-12-31: 109710000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 36330000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · VERANO HOLDINGS CORP. · 2023-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Free cash flow: 73380000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 109710000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1706047 Filing: 000162828026017011 Input fundies:CapitalExpenditure: 36330000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1711139 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 341.86 million Exact value Exact value: -341859000 USD 2024-01-01 – 2024-12-31: -341859000 USD Inspect Net Income Open source Share or cite Citation for Net Income · VERANO HOLDINGS CORP. · 2024-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Net Income: -341859000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -341859000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2196334 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 112.2 million Exact value Exact value: 112195000 USD 2024-01-01 – 2024-12-31: 112195000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · VERANO HOLDINGS CORP. · 2024-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Operating Cash Flow: 112195000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 112195000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1705399 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 99.05 million Exact value Exact value: 99048000 USD 2024-01-01 – 2024-12-31: 99048000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · VERANO HOLDINGS CORP. · 2024-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Capital Expenditure: 99048000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 99048000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1710548 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 13.15 million Calculation and evidence 112195000 − 99048000 USD Exact free cash flow: 13147000 USD 2024-01-01 – 2024-12-31: 112195000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 99048000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · VERANO HOLDINGS CORP. · 2024-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Free cash flow: 13147000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 112195000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1705399 Filing: 000162828026017011 Input fundies:CapitalExpenditure: 99048000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1710548 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	−USD 257.91 million Exact value Exact value: -257908000 USD 2025-01-01 – 2025-12-31: -257908000 USD Inspect Net Income Open source Share or cite Citation for Net Income · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Net Income: -257908000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: -257908000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#2195560 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 52.86 million Exact value Exact value: 52855000 USD 2025-01-01 – 2025-12-31: 52855000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Operating Cash Flow: 52855000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 52855000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1704753 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 41.23 million Exact value Exact value: 41226000 USD 2025-01-01 – 2025-12-31: 41226000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Capital Expenditure: 41226000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 41226000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1709958 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.	USD 11.63 million Calculation and evidence 52855000 − 41226000 USD Exact free cash flow: 11629000 USD 2025-01-01 – 2025-12-31: 52855000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 41226000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · VERANO HOLDINGS CORP. · 2025-12-31 VERANO HOLDINGS CORP. (edgar:1848416) Free cash flow: 11629000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:16:50Z Snapshot: 1684dc830b656eb24893f2679db25d84c2fc1603a9c913afcef73eeb7aeed470 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1848416?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 52855000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1704753 Filing: 000162828026017011 Input fundies:CapitalExpenditure: 41226000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1848416/000162828026017011/vrnof-20251231.htm#1709958 Filing: 000162828026017011 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

24 filings · 2,141 latest values · 2,141 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001848416, 1848416, edgar:1848416

Also known as VERANO HOLDINGS CORP., Verano Holdings Corp.

VERANO HOLDINGS CORP.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation