Operating Income (Annual)

Operating Income: The income after operating expenses.

Verano Holdings Corp. (VRNO) had Operating Income of $76.18M for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$821.50M
Net Income	$-257.91M
Cost of Goods Sold	$408.01M
Gross Profit	$413.50M
Operating Expenses	$745.33M
Operating Income	$76.18M
Non-Operating Income/Expense	$-242.41M
Pre-Tax Income	$-166.23M
Normalized Pre-Tax Income	$18.99M
Income after Taxes	$-257.91M
Income from Continuous Operations	$-257.91M
Consolidated Net Income/Loss	$-257.91M
Normalized Income after Taxes	$-174.84M
EBIT	$76.18M
EBITDA	$212.32M
Weighted-Average Shares Outstanding (Basic)	360.91M
Weighted-Average Shares Outstanding (Diluted)	360.91M
Earnings per Share (EPS) (Basic)	$-0.71
Earnings per Share (EPS) (Diluted)	$-0.71
Balance Sheet Financials
Current Assets	$404.65M
Property, Plant, and Equipment	$492.47M
Long-Term Assets	$1.34B
Total Assets	$1.74B
Current Liabilities	$140.26M
Long-Term Debt	$482.97M
Long-Term Liabilities	$898.95M
Total Liabilities	$1.04B
Common Equity	$702.38M
Tangible Shareholders Equity	$-37.72M
Shareholders Equity	$702.38M
Common Shares Outstanding	363.25M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$52.85M
Cash Flow from Investing Activities	$-32.60M
Cash Flow from Financial Activities	$-25.32M
Beginning Cash	$87.80M
End Cash	$82.72M
Increase/Decrease in Cash	$-5.07M
Stock-Based Compensation	$11.51M
Common Stock Dividends Paid	$-4.67M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	2.88
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.41
Debt to Equity Ratio	0.72
Gross Margin	50.33%
Operating Margin	9.27%
EBIT Margin	9.27%
EBITDA Margin	25.85%
Pre-Tax Profit Margin	-20.23%
Profit Margin	-31.39%
Free Cash Flow	$11.98M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.47
Inventory Turnover	1.77
Receiveable Turnover	19.14
Days Sales in Receivables	19.07
Return on Equity	-36.72%
Return on Tangible Equity	683.74%
Return on Assets	-14.81%
Return on Investments	-21.76%
Book Value Per Share	$1.93
Free Cash Flow per Share	$0.03
Operating Cash Flow per Share	$0.15

Data from Zacks Investment Research, Inc.