Verano Holdings annual gross margin
2020
2021
2022
2023
2024
2025
Verano Holdings Gross Margin Growth & History (VRNO)
Verano Holdings's gross margin was 50.33% for fiscal 2025.
View full Verano Holdings company overviewVerano Holdings annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 50.33% | −0.19 pp |
| 2024 | 2024-12-31 | 50.53% | −0.11 pp |
| 2023 | 2023-12-31 | 50.64% | +2.53 pp |
| 2022 | 2022-12-31 | 48.11% | +3.24 pp |
| 2021 | 2021-12-31 | 44.86% | −14.46 pp |
| 2020 | 2020-12-31 | 59.32% | — |
Verano Holdings quarterly gross margin
Q2.21
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 | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 45.75% | −10.11 pp |
| Q1 2026 | 2026-03-31 | 47.54% | +0.08 pp |
| Q4 2025 | 2025-12-31 | 51.16% | +1.88 pp |
| Q3 2025 | 2025-09-30 | 46.96% | −3.39 pp |
| Q2 2025 | 2025-06-30 | 55.86% | +4.44 pp |
| Q1 2025 | 2025-03-31 | 47.46% | −3.58 pp |
| Q4 2024 | 2024-12-31 | 49.28% | −0.30 pp |
| Q3 2024 | 2024-09-30 | 50.35% | −5.14 pp |
| Q2 2024 | 2024-06-30 | 51.41% | +2.21 pp |
| Q1 2024 | 2024-03-31 | 51.04% | +2.96 pp |
| Q4 2023 | 2023-12-31 | 49.58% | +3.85 pp |
| Q3 2023 | 2023-09-30 | 55.49% | +1.45 pp |
| Q2 2023 | 2023-06-30 | 49.20% | +5.34 pp |
| Q1 2023 | 2023-03-31 | 48.09% | −0.68 pp |
| Q4 2022 | 2022-12-31 | 45.74% | −1.82 pp |
| Q3 2022 | 2022-09-30 | 54.04% | +19.28 pp |
| Q2 2022 | 2022-06-30 | 43.87% | — |
| Q1 2022 | 2022-03-31 | 48.76% | — |
| Q3 2021 | 2021-09-30 | 47.56% | — |
| Q2 2021 | 2021-06-30 | 34.77% | — |
Verano Holdings gross margin trends
Over the last five reported fiscal years, Verano Holdings's gross margin decreased from 59.32% to 50.33%, a change of −8.99 percentage points. The latest reported quarter, Q2 2026, shows 45.75%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Verano Holdings filings at SEC.gov ↗