XCNQ
VRNO
Market cap226mUSD
, Last price
CAD
Name
Verano Holdings Corp
Chart & Performance
P/E
—
P/S
—
EPS
—
Div Yield, %
—
Shrs. gr., 5y
4.35%
Rev. gr., 5y
59.30%
Revenues
879m
-6.38%
Net income
-342m
L+191.32%
CFO
112m
+2.27%
Earnings
Aug 05, 2025
Profile
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia. The company offers artisanal cannabis products under the Encore, Avexia, MUV, and Verano brands for medical and adult-use markets. As of May 10, 2022, it operated 96 retail dispensaries, and 13 cultivation and processing facilities. The company is headquartered in Chicago, Illinois.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | ||||||
Revenues | 878,585 -6.38% | 938,452 6.71% | 879,412 19.19% | |||
Cost of revenue | 434,654 | 463,246 | 457,516 | |||
Unusual Expense (Income) | ||||||
NOPBT | 443,931 | 475,206 | 421,896 | |||
NOPBT Margin | 50.53% | 50.64% | 47.97% | |||
Operating Taxes | 41,944 | 145,146 | 105,470 | |||
Tax Rate | 9.45% | 30.54% | 25.00% | |||
NOPAT | 401,987 | 330,060 | 316,426 | |||
Net income | (341,859) 191.32% | (117,348) -56.36% | (268,873) 2,109.85% | |||
Dividends | ||||||
Dividend yield | ||||||
Proceeds from repurchase of equity | ||||||
BB yield | ||||||
| Debt | ||||||
Debt current | 29,403 | 61,755 | 33,353 | |||
Long-term debt | 207,018 | 578,181 | 551,135 | |||
Deferred revenue | 255 | |||||
Other long-term liabilities | 470,218 | 3,228 | 5,739 | |||
Net debt | 148,625 | 465,076 | 492,660 | |||
| Cash flow | ||||||
Cash from operating activities | 112,195 | 109,710 | 94,347 | |||
CAPEX | (99,048) | (36,330) | (119,174) | |||
Cash from investing activities | (133,251) | (47,400) | (207,851) | |||
Cash from financing activities | (65,926) | 27,604 | 99,245 | |||
FCF | 316,435 | 187,556 | 84,725 | |||
| Balance | ||||||
Cash | 87,796 | 174,760 | 84,851 | |||
Long term investments | 100 | 6,977 | ||||
Excess cash | 43,867 | 127,937 | 47,857 | |||
Stockholders' equity | (1,355) | 1,240,080 | 1,341,550 | |||
Invested Capital | 1,747,647 | 1,658,160 | 1,545,666 | |||
ROIC | 23.61% | 20.60% | 20.06% | |||
ROCE | 24.39% | 24.14% | 23.57% | |||
| EV | ||||||
Common stock shares outstanding | 358,747 | 342,774 | 331,409 | |||
Price | 1.25 -72.21% | 4.48 43.59% | 3.12 -75.24% | |||
Market cap | 446,640 -70.91% | 1,535,629 48.51% | 1,033,997 -71.75% | |||
EV | 593,910 | 2,000,705 | 1,526,657 | |||
EBITDA | 594,794 | 626,832 | 572,221 | |||
EV/EBITDA | 1.00 | 3.19 | 2.67 | |||
Interest | 54,759 | 59,793 | 49,431 | |||
Interest/NOPBT | 12.34% | 12.58% | 11.72% | |||