Verano Holdings annual operating expenses
2020
2021
2022
2023
2024
2025
Verano Holdings Operating Expenses Growth & History (VRNO)
Verano Holdings's operating expenses was $520.6M for fiscal 2025.
View full Verano Holdings company overviewVerano Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $520.6M | −$160.5M | −23.57% |
| 2024 | 2024-12-31 | $681.1M | $291.0M | +74.59% |
| 2023 | 2023-12-31 | $390.1M | −$195.6M | −33.40% |
| 2022 | 2022-12-31 | $585.8M | $314.8M | +116.20% |
| 2021 | 2021-12-31 | $270.9M | $227.7M | +526.24% |
| 2020 | 2020-12-31 | $43.3M | — | — |
Verano Holdings quarterly operating expenses
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $96.6M | $9.8M | +11.27% |
| Q1 2026 | 2026-03-31 | $85.9M | $1.3M | +1.53% |
| Q4 2025 | 2025-12-31 | $263.3M | −$148.1M | −36.01% |
| Q3 2025 | 2025-09-30 | $86.0M | −$6.4M | −6.90% |
| Q2 2025 | 2025-06-30 | $86.8M | −$301,000 | −0.35% |
| Q1 2025 | 2025-03-31 | $84.6M | −$5.7M | −6.32% |
| Q4 2024 | 2024-12-31 | $411.4M | $274.4M | +200.16% |
| Q3 2024 | 2024-09-30 | $92.3M | −$560,000 | −0.60% |
| Q2 2024 | 2024-06-30 | $87.1M | $2.3M | +2.73% |
| Q1 2024 | 2024-03-31 | $90.3M | $14.9M | +19.74% |
| Q4 2023 | 2023-12-31 | $137.1M | −$175.0M | −56.08% |
| Q3 2023 | 2023-09-30 | $92.9M | $7.2M | +8.37% |
| Q2 2023 | 2023-06-30 | $84.8M | −$15.6M | −15.58% |
| Q1 2023 | 2023-03-31 | $75.4M | −$12.2M | −13.88% |
| Q4 2022 | 2022-12-31 | $312.1M | — | — |
| Q3 2022 | 2022-09-30 | $85.7M | $10.5M | +13.99% |
| Q2 2022 | 2022-06-30 | $100.4M | $31.0M | +44.75% |
| Q1 2022 | 2022-03-31 | $87.6M | — | — |
| Q3 2021 | 2021-09-30 | $75.2M | — | — |
| Q2 2021 | 2021-06-30 | $69.4M | — | — |
Verano Holdings operating expenses trends
Over the last five fiscal years, Verano Holdings's operating expenses increased from $43.3M to $520.6M, a change of $477.3M. The latest reported quarter, Q2 2026, shows $96.6M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Verano Holdings source filings ↗