Quarterly ResultAug 5, 2026, 07:22 AM
Verano Q2 Revenue $217.9M; Net Loss $(13.4)M; Operating Cash Flow Up
AI Summary
Verano Holdings Corp. reported mixed financial results for Q2 2026. Revenue increased to $217.9 million, while gross profit declined. The company reduced its net loss for the quarter to $13.4 million, and operating cash flow significantly improved to $49.2 million for the six-month period. Additionally, Verano completed a 1-for-5 reverse stock split and repurchased treasury stock.
Key Highlights
- Q2 2026 revenue increased to $217.9 million from $202.3 million YoY.
- Q2 2026 net loss improved to $(13.4) million from $(19.2) million YoY.
- Net cash provided by operating activities for H1 2026 was $49.2 million, up from $12.7 million YoY.
- Company effected a 1-for-5 reverse stock split on June 11, 2026.
- Purchased 320,000 shares of treasury stock for $2.0 million.
- Total assets decreased to $1.70 billion from $1.74 billion since Dec 31, 2025.
- Total liabilities decreased to $1.02 billion from $1.04 billion since Dec 31, 2025.
- Recorded a $4.1 million impairment loss on held-for-sale assets in Q2 2026.
Price Impact
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