Filing Flows › Vireo Growth (VREOF) › Q2 2026
Vireo Growth (VREOF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Vireo Growth (VREOF) reported revenue of $209M for the second quarter 2026 (Q2 2026), +335% from a year earlier and +97% from the quarter before. Operating margin was -3.0%, net loss $100K (0.0% of revenue).
Vireo Growth, Q2 2026: revenue $209M (+335% year over year), operating margin -3.0%, net loss $100K, operating cash flow $2.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +97% | +335% |
| Operating profit | −$6.3M | -170% | — |
| Net earnings | −$100K | — | — |
| Operating cash flow | $2.4M | -80% | — |
What changed
Revenue was $209.3M in Q2 2026, up 335% year over year and up 97% from the previous quarter.
Gross margin was 45.5%, up 3.1 points from Q2 2025. Operating costs exceeded revenue by $6.3M, an operating margin of -3.0%. Operating expenses grew 354% against revenue growth of 335%. The fastest-growing cost line was SG&A (+357%). The quarter ended with a net loss of $100K, narrower than the previous quarter's $20.3M loss. Non-operating items added $20.5M, 144% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.4M. Non-cash charges added back $5.9M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $10.9M. Capital expenditures of $108.2M exceeded it, leaving free cash flow of −$105.8M.
Questions
What was Vireo Growth's revenue in the second quarter 2026?
Vireo Growth (VREOF) reported revenue of $209M for the second quarter 2026 (Q2 2026), +335% from a year earlier and +97% from the quarter before.
Was Vireo Growth profitable in the second quarter 2026?
Operating loss was $6.3M (-3.0% of revenue) and net loss $100K.
Source: Vireo Growth 10-Q on SEC EDGAR.