Verano Holdings annual net debt
2021
2022
2023
2024
2025
Verano Holdings Net Debt Growth & History (VRNO)
Verano Holdings's net debt was $420.1M for fiscal 2025.
View full Verano Holdings company overviewVerano Holdings annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $420.1M | −$15.1M | −3.47% |
| 2024 | 2024-12-31 | $435.2M | $67.2M | +18.25% |
| 2023 | 2023-12-31 | $368.0M | −$45.9M | −11.08% |
| 2022 | 2022-12-31 | $413.9M | $159.7M | +62.83% |
| 2021 | 2021-12-31 | $254.2M | — | — |
Verano Holdings quarterly net debt
Q4.21
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $408.5M | −$31.9M | −7.24% |
| Q1 2026 | 2026-03-31 | $422.3M | −$22.2M | −4.99% |
| Q4 2025 | 2025-12-31 | $420.1M | −$15.1M | −3.47% |
| Q3 2025 | 2025-09-30 | $422.7M | −$34.2M | −7.49% |
| Q2 2025 | 2025-06-30 | $440.4M | $77.7M | +21.42% |
| Q1 2025 | 2025-03-31 | $444.5M | $97.3M | +28.04% |
| Q4 2024 | 2024-12-31 | $435.2M | $67.2M | +18.25% |
| Q3 2024 | 2024-09-30 | $457.0M | $69.6M | +17.98% |
| Q2 2024 | 2024-06-30 | $362.7M | −$43.4M | −10.68% |
| Q1 2024 | 2024-03-31 | $347.1M | −$59.9M | −14.72% |
| Q4 2023 | 2023-12-31 | $368.0M | −$45.9M | −11.08% |
| Q3 2023 | 2023-09-30 | $387.3M | −$8.7M | −2.20% |
| Q2 2023 | 2023-06-30 | $406.1M | $22.2M | +5.79% |
| Q1 2023 | 2023-03-31 | $407.0M | — | — |
| Q4 2022 | 2022-12-31 | $413.9M | $159.7M | +62.83% |
| Q3 2022 | 2022-09-30 | $396.1M | — | — |
| Q2 2022 | 2022-06-30 | $383.9M | — | — |
| Q4 2021 | 2021-12-31 | $254.2M | — | — |
Verano Holdings net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Verano Holdings's net debt increased from $254.2M to $420.1M, a change of $165.9M. The latest reported quarter, Q2 2026, shows $408.5M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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