earnings
confidence high
sentiment neutral
materiality 0.65
Vireo Growth Q1 revenue $24.5M (+1.9% YoY); Adjusted EBITDA $6.6M (+8.5%); merger close expected Q2
Vireo Growth Inc.
2025-Q1 EPS reported
-$0.02
revenue$24,540,641
- GAAP revenue $24.5M (+1.9% YoY); gross profit margin 50.6% (flat YoY).
- Operating income $2.0M (-58.5% YoY); Adjusted EBITDA $6.6M (+8.5%, margin 26.8%).
- Cash $86.3M; 472M shares outstanding at $0.45 per share (treasury method).
- Merger transactions expected to close in Q2 2025; shareholder approvals and Utah regulatory approvals obtained.
- Growth in Maryland; stable Minnesota; NY medical declined but adult-use sales commenced from indoor facility.