Filing Flows › Verano Holdings (VRNO) › Q3 2026 › vs Q2 2026
Verano Holdings (VRNO) Q3 2026 vs Q2 2026 (quarter over quarter)
Verano Holdings's revenue fell $5.5M (-3%) from $218M in Q2 2026 to $212M in Q3 2026.
Verano Holdings, Q3 2026: revenue $212M (+5% year over year), operating margin 5.6%, net loss $4.1M, operating cash flow $48.7M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.7% | 8.6% | +8.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $212M | $218M | −$5.5M | -3% |
| Net loss | $4.1M | $13.4M | −$9.3M | -70% |
| Costs & expenses | $217M | $231M | −$14.8M | -6% |
| Operating costs | $201M | $215M | −$14.2M | -7% |
| Interest & other, net | $8.7M | $13.6M | −$4.9M | -36% |
| Income tax | $7.3M | $2.9M | $4.3M | +148% |
| Cost of revenue | $112M | $118M | −$5.8M | -5% |
| SG&A | $84.5M | $92.5M | −$8.0M | -9% |
| Other operating costs | $3.6M | $4.1M | −$438K | -11% |
| Operating cash sources | $52.8M | $44.0M | $8.7M | +20% |
| Depreciation & amortization | $29.8M | $29.4M | $375K | +1% |
| Share-based compensation | $1.1M | $5.7M | −$4.6M | -81% |
| Working capital & other | $21.8M | $8.9M | $12.9M | +145% |
| Net loss absorbed | $4.1M | $13.4M | −$9.3M | -70% |
| Operating cash flow | $48.7M | $30.6M | $18.1M | +59% |
| Free cash flow (OCF − capex) | $35.6M | $18.8M | $16.8M | +90% |
| Capital expenditures | $13.1M | $11.9M | $1.3M | +11% |
Questions
How much did Verano Holdings's revenue grow quarter over quarter in Q3 2026?
Verano Holdings's revenue fell $5.5M (-3%) from $218M in Q2 2026 to $212M in Q3 2026.