---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-109800"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:21:54.757627+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vireo Q3 revenue jumps 264% YoY to $91.7M; adjusted EBITDA $25.4M

## Summary
- GAAP revenue of $91.7M (+264% YoY); GAAP gross profit $37.4M (40.8% margin, down 820 bps).
- Adjusted operating income $21.0M (+304% YoY); adjusted EBITDA $25.4M (+297% YoY).
- Completed refinancing of senior secured debt, expected to cut annualized interest expense by $10M.
- Ended Q3 with $117M cash; plans to remain acquisitive in distressed market.
- Q3 2025 GAAP operating income $0.8M vs $3.9M YoY, down 79% due to deal-related costs.

## SEC filing metadata
- accession: 0001104659-25-109800
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465925109800/0001104659-25-109800-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465925109800/vreof-20251112x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-109800
- JSON: https://secwatch.observer/filing/0001104659-25-109800.json
- Plain text: https://secwatch.observer/filing/0001104659-25-109800.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.