Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $229M | $738M | $879M | $938M | $879M | $822M |
| Revenue growth | — | 222.9% | 19.2% | 6.7% | -6.4% | -6.5% |
| Gross profit | $136M | $331M | $423M | $475M | $444M | $413M |
| Gross margin | 59.3% | 44.9% | 48.1% | 50.6% | 50.5% | 50.3% |
| Operating income | $95.0M | $64.7M | -$161M | $84.8M | -$237M | -$107M |
| Operating margin | 41.6% | 8.8% | -18.3% | 9.0% | -27.0% | -13.0% |
| Net income | $38.4M | -$57.5M | -$269M | -$117M | -$342M | -$258M |
| Net margin | 16.8% | -7.8% | -30.6% | -12.5% | -38.9% | -31.4% |
| EPS (diluted) | $0.14 | -$0.20 | -$0.81 | -$0.34 | -$0.98 | -$0.71 |
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $71.6M | $183M | $94.3M | $110M | $112M | $52.9M |
| Capital expenditures | $60.2M | $141M | $119M | $36.3M | $99.0M | $41.2M |
| Free cash flow | $11.5M | $41.6M | -$24.8M | $73.4M | $13.1M | $11.6M |
| Dividends paid | $46.0K | $0.00 | $0.00 | — | — | — |
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $16.4M | $99.1M | $84.9M | $175M | $87.8M | $82.7M |
| Total assets | — | $2.55B | $2.40B | $2.32B | $1.99B | $1.74B |
| Total liabilities | — | $1.07B | $1.05B | $1.08B | $1.04B | $1.04B |
| Long-term debt | — | $276M | $389M | $394M | $396M | $392M |
| Shareholders' equity | — | $1.48B | $1.34B | $1.24B | $952M | $704M |
| Retained earnings | — | — | — | — | -$784M | -$1.04B |
| Shares (wtd avg diluted) | 271M | 290M | 331M | 343M | 350M | 361M |
Every figure is extracted from Verano Holdings Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.