For the quarter ending 2026-03-31, VREOF made $106,200,000 in revenue. -$20,300,000 in net income. Net profit margin of -19.11%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 106,200,000 | 59,192,020.5* | 91,655,155 | 48,063,010 |
| Product costs | 46,400,000 | 25,113,453* | 40,878,030 | 23,719,204 |
| Non-cash product costs | 200,000 | -7,019,341.5* | 12,397,641 | 4,152,108 |
| Inventory valuation adjustments | 300,000 | 703,801* | 996,485 | -226,149 |
| Gross profit | 59,300,000 | 40,394,108* | 37,382,999 | 20,417,847 |
| Selling, general and administrative expenses | 30,800,000 | 17,983,634* | 29,680,788 | 12,454,544 |
| Transaction related expenses | 8,700,000 | 2,908,521* | 803,724 | 4,729,444 |
| Stock-based compensation expenses | 7,000,000 | 6,427,694* | 4,006,712 | 4,150,630 |
| Depreciation | 1,100,000 | 9,927,319.5* | 552,589 | 387,596 |
| Amortization | 2,700,000 | 2,380,821.5* | 1,530,230 | 714,323 |
| Total operating expenses | 50,300,000 | 39,627,990* | 36,574,043 | 22,436,537 |
| Income (gain) from operations | 9,000,000 | 766,118* | 808,956 | -2,018,690 |
| Gain (loss) on disposal of assets | - | - | - | -5,844 |
| Interest expenses, net | -4,200,000 | -3,976,383.5* | - | - |
| Other income (expenses) | - | 10,785,637.5* | 983,080 | -407,673 |
| Interest expense on finance lease liabilities - minnesota & new york | 3,600,000 | 3,587,207.75* | - | - |
| Interest expenses, net | - | - | 6,906,226 | 7,647,822 |
| Impairment of long-lived assets | - | 650,000* | - | - |
| Loss (gain) on disposal of assets and debt | - | -6,253,784.5* | -7,837,671 | - |
| Gain (loss) on change in the fair value of contingent consideration | 5,500,000 | 2,404,250* | - | - |
| Derivative gain (loss) | 100,000 | -43,202.75* | - | - |
| Other income (expenses), net | -13,200,000 | -6,129,191* | -13,760,817 | -8,061,339 |
| Income (loss) before income taxes | -4,200,000 | -5,363,073* | -12,951,861 | -10,080,029 |
| Deferred income tax recoveries (expenses) | -2,200,000 | -3,351,500* | - | - |
| Current income tax expenses | 18,300,000 | 4,253,000* | 13,347,000 | 4,854,000 |
| Net loss and comprehensive loss | -20,300,000 | -6,264,573 | -26,298,861 | -14,934,029 |
| Basic EPS | -0.02 | -0.009 | -0.03 | -0.03 |
| Diluted EPS | -0.02 | -0.009 | -0.03 | -0.03 |
| Basic Average Shares | 1,080,450,771 | 734,738,785* | 949,820,535 | 559,097,392 |
| Diluted Average Shares | 1,080,450,771 | 734,738,785* | 949,820,535 | 559,097,392 |
Vireo Growth Inc. (VREOF)
Vireo Growth Inc. (VREOF)