Filing Flows › Vireo Growth (VREOF) › Q4 2024
Vireo Growth (VREOF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
Vireo Growth (VREOF) reported revenue of $25.0M for the fourth quarter 2024 (Q4 2024), +4% from a year earlier and -0.6% from the quarter before. Operating margin was -3.4%, net loss $15.7M (62.7% of revenue).
Vireo Growth, Q4 2024: revenue $25.0M (+4% year over year), operating margin -3.4%, net loss $15.7M, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.0M | -0.6% | +4% |
| Operating profit | −$842K | — | — |
| Net earnings | −$15.7M | — | — |
| Operating cash flow | −$6.4M | — | — |
What changed
Revenue was $25.0M in Q4 2024, up 4% year over year and down 1% from the previous quarter. Retail was the largest line at 77% of revenue.
Gross margin was 50.6%, up 0.7 points from a year earlier. Operating costs exceeded revenue by $842K, an operating margin of -3.4%. Operating expenses grew 102% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+1552%). The quarter ended with a net loss of $15.7M, wider than the previous quarter's $4.9M loss. Net interest and other expense of $10.5M was the main reason.
Operating cash flow was −$6.4M. Non-cash charges added back $636K of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Vireo Growth's revenue in the fourth quarter 2024?
Vireo Growth (VREOF) reported revenue of $25.0M for the fourth quarter 2024 (Q4 2024), +4% from a year earlier and -0.6% from the quarter before.
Was Vireo Growth profitable in the fourth quarter 2024?
Operating loss was $842K (-3.4% of revenue) and net loss $15.7M.
Source: Vireo Growth 10-K on SEC EDGAR.