Quarterly ResultApr 30, 2026, 07:17 AM
VRNO Q1 Net Loss $(17.8)M; Revenue $208.2M; Operating Income Down
AI Summary
Verano Holdings Corp. reported a net loss of $(17.8) million for the first quarter of 2026, a significant increase from $(11.5) million in the prior year. Revenue slightly decreased to $208.2 million, and operating income also declined. Despite the increased losses, the company saw a substantial improvement in net cash provided by operating activities, which rose to $18.6 million.
Key Highlights
- VRNO reported Q1 2026 net loss of $(17.8) million, up from $(11.5) million YoY.
- Q1 2026 revenue decreased to $208.2 million from $209.8 million YoY.
- Operating income for Q1 2026 was $13.1 million, down 12.7% from $15.0 million YoY.
- Basic & diluted net loss per share was $(0.05) in Q1 2026 vs. $(0.03) in Q1 2025.
- Net cash provided by operating activities increased to $18.6 million from $1.8 million YoY.
- Total debt, net of current portion, decreased to $384.2 million from $391.9 million.
- The company incurred a $5.7 million loss on debt extinguishment in Q1 2026.
Price Impact
More from VRNO