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10-K

Annual Report

Verano Holdings Corp. VRNO VRNOD

0001628280-26-017011

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Filed
Mar 12, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Mar 10, 2026 363.25M sh
Shares Diluted FY 2025 · Dec 31, 2025 360.91M sh
Shares Diluted FY 2025 · Dec 31, 2024 349.58M sh
Shares Diluted FY 2025 · Dec 31, 2023 342.77M sh
Capex FY 2025 · Dec 31, 2025 $41.23M
Capex FY 2025 · Dec 31, 2024 $99.05M
Capex FY 2025 · Dec 31, 2023 $36.33M
Operating Cash Flow FY 2025 · Dec 31, 2025 $52.86M
Operating Cash Flow FY 2025 · Dec 31, 2024 $112.2M
Operating Cash Flow FY 2025 · Dec 31, 2023 $109.71M
Long Term Debt FY 2025 · Dec 31, 2025 $391.88M
Long Term Debt FY 2025 · Dec 31, 2024 $395.7M
Short Term Debt FY 2025 · Dec 31, 2025 $7.85M
Short Term Debt FY 2025 · Dec 31, 2024 $18.15M
Cash And Equivalents FY 2025 · Dec 31, 2025 $82.72M
Cash And Equivalents FY 2025 · Dec 31, 2024 $87.8M
Stockholders Equity FY 2025 · Dec 31, 2025 $704.16M
Stockholders Equity FY 2025 · Dec 31, 2024 $952.17M
Current Liabilities FY 2025 · Dec 31, 2025 $140.26M
Current Liabilities restated FY 2025 · Dec 31, 2024 $203.11M
Total Liabilities FY 2025 · Dec 31, 2025 $1.04B
Total Liabilities restated FY 2025 · Dec 31, 2024 $1.04B
Current Assets FY 2025 · Dec 31, 2025 $404.65M
Current Assets restated FY 2025 · Dec 31, 2024 $362.65M
Total Assets FY 2025 · Dec 31, 2025 $1.74B
Total Assets restated FY 2025 · Dec 31, 2024 $1.99B
Eps Diluted FY 2025 · Dec 31, 2025 −$0.71
Eps Diluted FY 2025 · Dec 31, 2024 −$0.98
Eps Diluted FY 2025 · Dec 31, 2023 −$0.34
Eps Basic FY 2025 · Dec 31, 2025 −$0.71
Eps Basic FY 2025 · Dec 31, 2024 −$0.98
Eps Basic FY 2025 · Dec 31, 2023 −$0.34
Sga Expense FY 2025 · Dec 31, 2025 $337.32M
Sga Expense FY 2025 · Dec 31, 2024 $353.41M
Sga Expense FY 2025 · Dec 31, 2023 $331.93M
Net Income FY 2025 · Dec 31, 2025 −$257.91M
Net Income FY 2025 · Dec 31, 2024 −$341.86M
Net Income FY 2025 · Dec 31, 2023 −$117.35M
Operating Income FY 2025 · Dec 31, 2025 −$107.09M
Operating Income FY 2025 · Dec 31, 2024 −$237.18M
Operating Income FY 2025 · Dec 31, 2023 $84.78M
Gross Profit FY 2025 · Dec 31, 2025 $413.5M
Gross Profit FY 2025 · Dec 31, 2024 $443.93M
Gross Profit FY 2025 · Dec 31, 2023 $475.21M
Cost Of Revenue FY 2025 · Dec 31, 2025 $408.01M
Cost Of Revenue FY 2025 · Dec 31, 2024 $434.65M
Cost Of Revenue FY 2025 · Dec 31, 2023 $463.25M
Revenue FY 2025 · Dec 31, 2025 $821.5M
Revenue FY 2025 · Dec 31, 2024 $878.59M
Revenue FY 2025 · Dec 31, 2023 $938.45M