Vireo Growth Q4 revenue $104.5M (+318% YoY); pro forma same-store sales +22%

Vireo Growth Inc.

Q4 GAAP revenue $104.5M, up 317.7% YoY; gross profit margin 54.4% vs 50.6%.
Pro forma same-store sales up 22% YoY; wholesale revenue up 55% YoY; ex-Minnesota same-store sales +11.3%.
Adjusted EBITDA $29.5M (margin 28.2%), up 347% YoY; pro forma Adj. EBITDA up 30%.
Ended Q4 with $122.5M cash; expects to close acquisitions of Eaze, Schwazze, PharmaCann (CO) and Hawthorne in H1 2026.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Vireo Growth Inc. reported the fourth fiscal quarter ended December 31, 2025 results: revenue $104.5 million.

Period: the fourth fiscal quarter ended December 31, 2025
Revenue: $104.5 million
Result: reported results

Exact text from the filing

Vireo Growth Inc. Announces Fourth Quarter 2025 Results Q4 GAAP revenue of $104.5 million increased 317.7% year-over-year

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Source: SEC EDGAR

accession 0001104659-26-028946

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