Verano Holdings annual operating margin
2020
2021
2022
2023
2024
2025
Verano Holdings Operating Margin Growth & History (VRNO)
Verano Holdings's operating margin was −13.04% for fiscal 2025.
View full Verano Holdings company overviewVerano Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −13.04% | +13.96 pp |
| 2024 | 2024-12-31 | −27.00% | −36.03 pp |
| 2023 | 2023-12-31 | 9.03% | +27.36 pp |
| 2022 | 2022-12-31 | −18.32% | −27.09 pp |
| 2021 | 2021-12-31 | 8.77% | −32.80 pp |
| 2020 | 2020-12-31 | 41.57% | — |
Verano Holdings quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.44% | −11.52 pp |
| Q1 2026 | 2026-03-31 | 6.29% | −0.86 pp |
| Q4 2025 | 2025-12-31 | −76.27% | +62.99 pp |
| Q3 2025 | 2025-09-30 | 4.57% | −3.17 pp |
| Q2 2025 | 2025-06-30 | 12.96% | +0.70 pp |
| Q1 2025 | 2025-03-31 | 7.15% | −3.09 pp |
| Q4 2024 | 2024-12-31 | −139.26% | −130.95 pp |
| Q3 2024 | 2024-09-30 | 7.74% | −9.04 pp |
| Q2 2024 | 2024-06-30 | 12.26% | −0.74 pp |
| Q1 2024 | 2024-03-31 | 10.24% | −4.63 pp |
| Q4 2023 | 2023-12-31 | −8.31% | +83.30 pp |
| Q3 2023 | 2023-09-30 | 16.78% | +0.49 pp |
| Q2 2023 | 2023-06-30 | 13.00% | +14.02 pp |
| Q1 2023 | 2023-03-31 | 14.88% | +9.41 pp |
| Q4 2022 | 2022-12-31 | −91.61% | −102.76 pp |
| Q3 2022 | 2022-09-30 | 16.29% | +16.37 pp |
| Q2 2022 | 2022-06-30 | −1.02% | — |
| Q1 2022 | 2022-03-31 | 5.47% | — |
| Q3 2021 | 2021-09-30 | 11.15% | — |
| Q2 2021 | 2021-06-30 | −0.08% | — |
Verano Holdings operating margin trends
Over the last five reported fiscal years, Verano Holdings's operating margin decreased from 41.57% to −13.04%, a change of −54.61 percentage points. The latest reported quarter, Q2 2026, shows 1.44%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗