Verano Holdings Corp. (VRNO) stock
VRNOOTCAgricultural Production-CropsFiscal year ends December 31
$4.70−0.19 (-3.89%)
Close on Oct 19, 2026Market cap $343.66MP/E –Yield –
Verano operating margin
Operating margin is operating income as a percentage of revenue.
Verano's operating margin for the twelve months ending Sep 30, 2026 was -15.3%. For fiscal 2025 it was -13.0%, against -27.0% the year before. The highest annual figure on record is 41.6% in fiscal 2020.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -13.0% | +14.0 |
| FY2024 | Dec 31, 2024 | -27.0% | −36.0 |
| FY2023 | Dec 31, 2023 | 9.0% | +27.4 |
| FY2022 | Dec 31, 2022 | -18.3% | −27.1 |
| FY2021 | Dec 31, 2021 | 8.8% | −32.8 |
| FY2020 | Dec 31, 2020 | 41.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 5.6% | +1.0 |
| Q2 FY2026 | Jun 30, 2026 | 1.4% | −11.5 |
| Q1 FY2026 | Mar 31, 2026 | 6.3% | −0.9 |
| Q4 FY2025 | Dec 31, 2025 | -76.3% | +63.0 |
| Q3 FY2025 | Sep 30, 2025 | 4.6% | −3.2 |
| Q2 FY2025 | Jun 30, 2025 | 13.0% | +0.7 |
| Q1 FY2025 | Mar 31, 2025 | 7.2% | −3.1 |
| Q4 FY2024 | Dec 31, 2024 | -139.3% | −131.0 |
| Q3 FY2024 | Sep 30, 2024 | 7.7% | −9.0 |
| Q2 FY2024 | Jun 30, 2024 | 12.3% | −0.7 |
| Q1 FY2024 | Mar 31, 2024 | 10.2% | −4.6 |
| Q4 FY2023 | Dec 31, 2023 | -8.3% | +83.3 |
| Q3 FY2023 | Sep 30, 2023 | 16.8% | +0.5 |
| Q2 FY2023 | Jun 30, 2023 | 13.0% | +14.0 |
| Q1 FY2023 | Mar 31, 2023 | 14.9% | +9.4 |
| Q4 FY2022 | Dec 31, 2022 | -91.6% | −105.5 |
| Q3 FY2022 | Sep 30, 2022 | 16.3% | +5.1 |
| Q2 FY2022 | Jun 30, 2022 | -1.0% | −0.9 |
| Q1 FY2022 | Mar 31, 2022 | 5.5% | – |
| Q4 FY2021 | Dec 31, 2021 | 13.9% | – |
| Q3 FY2021 | Sep 30, 2021 | 11.1% | – |
| Q2 FY2021 | Jun 30, 2021 | -0.1% | – |
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