MARKETS / BALCAO / VRNO
BALCAO · AGRICULTURAL PRODUCTION-CROPS · MID CAP

Verano Holdings Corp. VRNO

6 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$821.5M
▼ 6.5% vs FY2024
EPS · FY25
$-0.71
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-31.1%
Net margin · FY25
-31.4%
Dividend coverage
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Result
USD 821.5M
Revenue, FY2025 · full 6-year series below
Revenue Net income
0.250.50.7510.8-0.3202020232025
0.250.50.7510.8-0.3202020232025

The company lost 31 cents on every revenue dollar this year.

Per share
USD -0.71
Diluted EPS, FY2025
EPS
0.40.81.2-0.71202020232025
0.40.81.2-0.71202020232025

The company pays no cash dividend.

Profitability
-31.1%
Return on equity, FY2025
ROE
0.250.50.751-31.1%202020232025
0.250.50.751-31.1%202020232025
Operating margin-13.0%
Net margin-31.4%
Return on assets-13.8%

Each USD of equity lost 31 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+29.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−2.2%
+29.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.36B
Shares outstanding, FY2025
0.000.36202020232025
0.000.36202020232025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 1.7B
total assets, end of FY2025
Total assetsUSD 1.7B
EquityUSD 704.2M
CashUSD 82.7M
Gross debtUSD 399.7M
Net debtUSD 317.0M
Current ratio2.88×

Net debt stands at 45% of equity.

History
6 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
Revenue $B
0.8
0.9
0.9
0.9
0.7
0.2
Operating income $B
−0.1
−0.2
0.1
−0.2
0.1
0.1
EBITDA $B
0.0
−0.1
0.2
−0.0
0.2
0.1
Income tax $B
0.1
0.0
0.1
0.1
0.1
0.0
Net income $B
−0.3
−0.3
−0.1
−0.3
−0.1
0.0
EPS, diluted $
−0.71
−0.98
−0.34
−0.81
−0.20
0.14
Dividend / sh $
·
·
·
·
·
·
Payout %
·
·
·
−0
−0
0
ROE %
−31.1
−31.2
−9.1
−19.1
−3.9
·
Shares out B
0.36
·
0.00
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
22 of 22
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed