Aug. 7 at 1:12 PM
$VRNOF
Key Results
• Revenue:
$202M (down from
$222M in Q2 2024 and
$210M in Q1 2025)
• Gross Profit:
$113M (56% of revenue), slightly down YoY but improved margin from Q1 (47%)
• SG&A Expenses:
$86M (43% of revenue)
• Net Loss: $(19)M (9% of revenue), improved from $(22)M YoY
• Adjusted EBITDA:
$66M (33% of revenue)
• Operating Cash Flow:
$11M
• Capital Expenditures:
$10M
Management noted progress in streamlining operations, better cultivation yields, and product innovation. However, Verano saw headwinds from price compression and increased competition, partially offset by strong Florida and Ohio retail performance and new business from acquisitions. The company expects a stronger second half in 2025
https://investors.verano.com/news-releases/news-release-details/verano-announces-second-quarter-2025-financial-results/ Verano Announces Second Quarter 2025 Financial Results - August 7, 2025