For the quarter ending 2025-09-30, VRNOF made $202,810,000 in revenue. -$43,832,000 in net income. Net profit margin of -21.61%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenues, net of discounts | 202,810,000 | 202,272,000 | 209,809,000 | 219,756,000 |
| Cost of goods sold, net | 107,573,000 | 89,288,000 | 110,228,000 | 109,509,000 |
| Gross profit | 95,237,000 | 112,984,000 | 99,581,000 | 110,247,000 |
| Selling, general, and administrative expenses | 80,560,000 | 86,345,000 | 84,579,000 | 87,003,500 |
| Loss on impairment of intangibles & fixed assets | - | - | - | 52,618,750 |
| Loss on impairment of intangibles goodwill | - | - | - | 2,044,750 |
| Loss on impairment of fixed assets | - | 428,000 | - | - |
| Loss on impairment of fixed assets & held for sale assets | 5,400,000 | - | - | - |
| Total operating expenses | 85,960,000 | 86,773,000 | - | 141,667,000 |
| Income from operations | 9,277,000 | 26,211,000 | 15,002,000 | -140,606,000 |
| Loss on disposal of property, plant and equipment | -620,000 | -212,000 | -84,000 | -163,666.667 |
| Gain on deconsolidation | 0 | 0 | 4,739,000 | - |
| Gain (loss) on debt extinguishment | -946,000 | 2,947,000 | -63,000 | 0 |
| Interest expense, net | -13,212,000 | -14,207,000 | -13,562,000 | -13,875,500 |
| Other expense, net | -9,890,000 | 1,263,000 | -198,000 | -1,069,000 |
| Total other (expense), net | -24,668,000 | -10,209,000 | -9,168,000 | -15,190,000 |
| Income (loss) before provision for income taxes | -15,391,000 | 16,002,000 | 5,834,000 | -155,796,000 |
| Provision for income taxes | 28,441,000 | 35,152,000 | 17,349,000 | 21,968,000 |
| Net loss before non-controlling interest | - | - | - | -99,764,000 |
| Net loss attributable to verano holdings corp. and subsidiaries | -43,832,000 | -19,150,000 | -11,515,000 | -138,764,000 |
| Basic - weighted average shares outstanding (in shares) | 361,788,905 | 360,368,777 | 359,145,607 | -173,302,086.5 |
| Diluted - weighted average shares outstanding (in shares) | 361,788,905 | 360,368,777 | 359,145,607 | -173,302,086.5 |
| Net loss per share - basic (in dollars per share) | -0.12 | -0.05 | -0.03 | -0.4 |
| Net loss per share - diluted (in dollars per share) | -0.12 | -0.05 | -0.03 | -0.4 |
Verano Holdings Corp. (VRNOF)
Verano Holdings Corp. (VRNOF)