For the quarter ending 2025-09-30, VREOF made $91,655,155 in revenue. -$26,298,861 in net income. Net profit margin of -28.69%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenue | 91,655,155 | 48,063,010 | 24,739,626 | 25,165,343 |
| Product costs | 40,878,030 | 23,719,204 | 11,956,943.667 | 12,448,373 |
| Non-cash product costs | 12,397,641 | 4,152,108 | - | - |
| Inventory valuation adjustments | 996,485 | -226,149 | -33,000 | 393,000 |
| Gross profit | 37,382,999 | 20,417,847 | 12,815,682.333 | 12,323,970 |
| Selling, general and administrative expenses | 29,680,788 | 12,454,544 | 7,050,590.667 | 6,911,278 |
| Transaction related expenses | 803,724 | 4,729,444 | 1,126,000.25 | - |
| Stock-based compensation expenses | 4,006,712 | 4,150,630 | 774,285 | 1,304,919 |
| Depreciation | 552,589 | 387,596 | 72,134 | 76,292 |
| Amortization | 1,530,230 | 714,323 | 180,033.333 | 180,034 |
| Total operating expenses | 36,574,043 | 22,436,537 | 9,578,376.667 | 8,472,523 |
| Income from operations | 808,956 | -2,018,690 | 3,237,305.667 | 3,851,447 |
| Interest expenses, net | 6,906,226 | 7,647,822 | 7,941,730 | 7,363,655 |
| Gain (loss) on disposal of assets | - | -5,844 | -54,581.75 | - |
| Gain (loss) on disposal of assets and debt | -7,837,671 | - | - | - |
| Other income (expenses) | 983,080 | -407,673 | -7,183.667 | 970,850 |
| Other income (expenses), net | -13,760,817 | -8,061,339 | -8,021,689.333 | -6,392,805 |
| Loss before income taxes | -12,951,861 | -10,080,029 | -4,784,383.667 | -2,541,358 |
| Current income tax expenses | 13,347,000 | 4,854,000 | 2,909,333.333 | 2,385,000 |
| Net loss and comprehensive loss | -26,298,861 | -14,934,029 | -7,693,717 | -4,926,358 |
| Earnings per share, basic | -0.03 | -0.03 | -0.047 | -0.02 |
| Earnings per share, diluted | -0.03 | -0.03 | -0.047 | -0.02 |
| Weighted average number of shares outstanding, basic | 949,820,535 | 559,097,392 | -6,995,153.333 | 201,377,275 |
| Weighted average number of shares outstanding, diluted | 949,820,535 | 559,097,392 | -6,995,153.333 | 201,377,275 |
Vireo Growth Inc. (VREOF)
Vireo Growth Inc. (VREOF)