Filing Flows › Verano Holdings (VRNO) › Q2 2026 › vs Q2 2025
Verano Holdings (VRNO) Q2 2026 vs Q2 2025 (year over year)
Verano Holdings's revenue rose $15.6M (+8%) from $202M in Q2 2025 to $218M in Q2 2026.
Verano Holdings, Q2 2026: revenue $218M (+8% year over year), operating margin 1.4%, net loss $13.4M, operating cash flow $30.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 8.6% | 0.2% | +8.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $218M | $202M | $15.6M | +8% |
| Net loss | $13.4M | $19.1M | −$5.7M | -30% |
| Costs & expenses | $231M | $221M | $9.9M | +4% |
| Operating costs | $215M | $176M | $38.7M | +22% |
| Interest & other, net | $13.6M | $10.2M | $3.4M | +33% |
| Income tax | $2.9M | $35.2M | −$32.2M | -92% |
| Cost of revenue | $118M | $89.3M | $28.9M | +32% |
| SG&A | $92.5M | $86.3M | $6.1M | +7% |
| Other operating costs | $4.1M | $428K | $3.6M | +849% |
| Operating cash sources | $44.0M | $30.1M | $14.0M | +47% |
| Depreciation & amortization | $29.4M | $31.5M | −$2.1M | -7% |
| Share-based compensation | $5.7M | $3.3M | $2.4M | +71% |
| Working capital & other | $8.9M | −$4.8M | $13.7M | — |
| Net loss absorbed | $13.4M | $19.1M | −$5.7M | -30% |
| Operating cash flow | $30.6M | $10.9M | $19.7M | +181% |
| Free cash flow (OCF − capex) | $18.8M | $431K | $18.3M | 44× |
| Capital expenditures | $11.9M | $10.5M | $1.4M | +13% |
Questions
How much did Verano Holdings's revenue grow year over year in Q2 2026?
Verano Holdings's revenue rose $15.6M (+8%) from $202M in Q2 2025 to $218M in Q2 2026.