VIREO GROWTH INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $268.8M | $99.4M | $88.1M | $74.6M | $54.4M | $49.2M |
| Cost of Revenue | — | — | — | $39.4M | $32.0M | $31.1M |
| Gross Profit | $127.1M | $50.8M | $44.1M | $30.9M | $19.8M | $17.1M |
| Gross Margin | 47.3% | 51.1% | 50.0% | 41.4% | 36.4% | 34.8% |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $81.2M | $28.1M | $28.2M | $33.8M | $33.7M | $26.4M |
| Operating Income | $-1.0M | $13.6M | $10.6M | $-6.9M | $-20.5M | $-23.0M |
| Operating Margin | -0.4% | 13.6% | 12.0% | -9.3% | -37.6% | -46.8% |
| Interest Expense | — | — | $31.3M | $22.6M | $10.6M | $5.1M |
| Pretax Income | $-39.9M | $-16.9M | $-17.8M | $-36.6M | $-29.6M | $-14.2M |
| Income Tax Expense | $28.2M | $11.1M | $7.7M | $5.9M | $4.1M | $8.8M |
| Net Income | $-68.1M | $-28.0M | $-25.5M | $-42.5M | $-33.7M | $-22.9M |
| Net Margin | -25.3% | -28.2% | -29.0% | -56.9% | -61.9% | -46.6% |
| EPS (Basic) | $-0.09 | $-0.04 | $-0.05 | $-0.08 | $-0.07 | $-0.06 |
| EPS (Diluted) | $-0.09 | $-0.04 | $-0.05 | $-0.08 | $-0.07 | $-0.06 |
| Shares Outstanding (Basic) | 734.7M | 721.6M | 540.9M | 512.5M | 495.3M | 390.2M |
| Shares Outstanding (Diluted) | 734.7M | 721.6M | 540.9M | 512.5M | 495.3M | 390.2M |
| Dividends Per Share | — | — | — | — | — | — |