VERANO HOLDINGS CORP.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $821.5M | $878.6M | $938.5M | $879.4M | $737.9M | $228.5M |
| Cost of Revenue | $408.0M | $434.7M | $463.2M | $456.4M | $406.8M | $93.0M |
| Gross Profit | $413.5M | $443.9M | $475.2M | $423.1M | $331.0M | $135.6M |
| Gross Margin | 50.3% | 50.5% | 50.6% | 48.1% | 44.9% | 59.3% |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $337.3M | $353.4M | $331.9M | $356.6M | $270.9M | $43.3M |
| Operating Income | $-107.1M | $-237.2M | $84.8M | $-161.1M | $64.7M | $95.0M |
| Operating Margin | -13.0% | -27.0% | 9.0% | -18.3% | 8.8% | 41.6% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-166.2M | $-299.9M | $27.8M | $-163.4M | $49.0M | $82.5M |
| Income Tax Expense | $91.7M | $41.9M | $145.1M | $105.5M | $104.0M | $42.3M |
| Net Income | $-257.9M | $-341.9M | $-117.3M | $-269.2M | $-57.5M | $38.4M |
| Net Margin | -31.4% | -38.9% | -12.5% | -30.6% | -7.8% | 16.8% |
| EPS (Basic) | $-0.71 | $-0.98 | $-0.34 | $-0.81 | $-0.20 | $0.15 |
| EPS (Diluted) | $-0.71 | $-0.98 | $-0.34 | $-0.81 | $-0.20 | $0.14 |
| Shares Outstanding (Basic) | 360.9M | 349.6M | 342.8M | 331.4M | 307.2M | 263.9M |
| Shares Outstanding (Diluted) | 360.9M | 349.6M | 342.8M | 331.4M | 307.2M | 270.7M |
| Dividends Per Share | — | — | — | — | — | — |