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Verano Holdings vs Village Farms International: VRNO and VFF compared
Verano Holdings is the larger company: $212M of revenue in its latest quarter (Q3 2026) against $64.0M for Village Farms International (Q2 2026). Village Farms International is growing faster (+7% against +5% a year earlier). Village Farms International is more profitable, with an operating margin of 17.4% against 5.6%.
Where the money goes: VRNO and VFF
Verano Holdings (VRNO) · 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 follows the revenue to costs, profit and cash.
Village Farms International (VFF) · Q2 2026
Village Farms International, Q2 2026: revenue $64.0M (+7% year over year), operating margin 17.4%, net earnings $7.1M, operating cash flow $8.9M. The chart follows the revenue to costs, profit and cash.
| Verano Holdings (VRNO) | Village Farms International (VFF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $212M | $64.0M |
| Revenue growth, Y/Y | +5% | +7% |
| Gross margin | — | 46.8% |
| Operating margin | 5.6% | 17.4% |
| Net earnings | −$4.1M | $7.1M |
| Net margin | -1.9% | 11.2% |
| Operating cash flow | $48.7M | $8.9M |
| Free cash flow | $35.6M | $2.6M |
Where the revenue comes from
Village Farms International
- Cannabis Business: $53.5M (84%)
- Produce Business: $10.2M (16%)
- Energy Business: $269K (0%)
Questions
Which is bigger, Verano Holdings or Village Farms International?
Verano Holdings is the larger company: $212M of revenue in its latest quarter (Q3 2026) against $64.0M for Village Farms International (Q2 2026).
Is Verano Holdings or Village Farms International growing faster?
Village Farms International is growing faster (+7% against +5% a year earlier).
Which is more profitable, Verano Holdings or Village Farms International?
Village Farms International is more profitable, with an operating margin of 17.4% against 5.6%.
More: Verano Holdings earnings · how Verano Holdings makes money · Village Farms International earnings · how Village Farms International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.