Verano Holdings annual free cash flow
2020
2021
2022
2023
2024
2025
Verano Holdings Free Cash Flow (FCF) History (VRNO)
Verano Holdings reported $11.6M in free cash flow for fiscal 2025, a decrease of 11.55% from the previous fiscal year, with a free cash flow margin of 1.42%.
View full Verano Holdings company overviewVerano Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $11.6M | −$1.5M | −11.55% | +1.42% |
| 2024 | 2024-12-31 | $13.1M | −$60.2M | −82.08% | +1.50% |
| 2023 | 2023-12-31 | $73.4M | $98.2M | — | +7.82% |
| 2022 | 2022-12-31 | −$24.8M | −$66.4M | — | −2.82% |
| 2021 | 2021-12-31 | $41.6M | $30.1M | +262.62% | +5.64% |
| 2020 | 2020-12-31 | $11.5M | — | — | +5.02% |
Verano Holdings quarterly free cash flow
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $18.8M | $18.3M | +4251.28% | +8.61% |
| Q1 2026 | 2026-03-31 | $3.6M | $15.7M | — | +1.75% |
| Q4 2025 | 2025-12-31 | $4.4M | −$24.9M | −85.03% | +2.12% |
| Q3 2025 | 2025-09-30 | $18.9M | $45.8M | — | +9.32% |
| Q2 2025 | 2025-06-30 | $431,000 | $11.0M | — | +0.21% |
| Q1 2025 | 2025-03-31 | −$12.1M | −$33.4M | — | −5.76% |
| Q4 2024 | 2024-12-31 | $29.3M | $6.7M | +29.90% | +13.41% |
| Q3 2024 | 2024-09-30 | −$26.9M | −$53.5M | — | −12.39% |
| Q2 2024 | 2024-06-30 | −$10.6M | −$26.5M | — | −4.76% |
| Q1 2024 | 2024-03-31 | $21.3M | $13.0M | +156.92% | +9.64% |
| Q4 2023 | 2023-12-31 | $22.5M | $2.9M | +15.01% | +9.50% |
| Q3 2023 | 2023-09-30 | $26.7M | $27.9M | — | +11.10% |
| Q2 2023 | 2023-06-30 | $15.9M | $45.3M | — | +6.79% |
| Q1 2023 | 2023-03-31 | $8.3M | $22.1M | — | +3.66% |
| Q4 2022 | 2022-12-31 | $19.6M | −$13.3M | −40.40% | +8.67% |
| Q3 2022 | 2022-09-30 | −$1.2M | — | — | −0.53% |
| Q2 2022 | 2022-06-30 | −$29.4M | — | — | −13.13% |
| Q1 2022 | 2022-03-31 | −$13.8M | — | — | −6.85% |
| Q3 2021 | 2021-09-30 | $32.9M | — | — | +15.91% |
Verano Holdings free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $11.5M to $11.6M, a compound annual growth rate of 0.27%. Verano Holdings's latest reported quarter, Q2 2026, generated $18.8M in free cash flow, an increase of 4251.28% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Verano Holdings filings at SEC.gov ↗