Filing Flows › Verano Holdings (VRNO) › Q3 2026 › vs Q3 2025
Verano Holdings (VRNO) Q3 2026 vs Q3 2025 (year over year)
Verano Holdings's revenue rose $9.6M (+5%) from $203M in Q3 2025 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.7% | 9.3% | +7.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $212M | $203M | $9.6M | +5% |
| Net loss | $4.1M | $43.8M | −$39.8M | -91% |
| Costs & expenses | $217M | $247M | −$30.1M | -12% |
| Operating costs | $201M | $194M | $7.0M | +4% |
| Interest & other, net | $8.7M | $24.7M | −$16.0M | -65% |
| Income tax | $7.3M | $28.4M | −$21.2M | -74% |
| Cost of revenue | $112M | $108M | $4.8M | +4% |
| SG&A | $84.5M | $80.6M | $3.9M | +5% |
| Other operating costs | $3.6M | $5.4M | −$1.8M | -33% |
| Operating cash sources | $52.8M | $70.2M | −$17.4M | -25% |
| Depreciation & amortization | $29.8M | $31.6M | −$1.8M | -6% |
| Share-based compensation | $1.1M | $2.5M | −$1.4M | -56% |
| Working capital & other | $21.8M | $36.1M | −$14.3M | -39% |
| Net loss absorbed | $4.1M | $43.8M | −$39.8M | -91% |
| Operating cash flow | $48.7M | $26.4M | $22.3M | +85% |
| Free cash flow (OCF − capex) | $35.6M | $18.9M | $16.7M | +88% |
| Capital expenditures | $13.1M | $7.5M | $5.7M | +76% |
Questions
How much did Verano Holdings's revenue grow year over year in Q3 2026?
Verano Holdings's revenue rose $9.6M (+5%) from $203M in Q3 2025 to $212M in Q3 2026.