---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-028946"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2026-03-17T23:59:59+00:00"
generated_at: "2026-05-15T10:39:40.616890+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-028946
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2026-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465926028946/0001104659-26-028946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465926028946/vreof-20260317x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-028946
- JSON: https://secwatch.observer/filing/0001104659-26-028946.json
- Plain text: https://secwatch.observer/filing/0001104659-26-028946.txt

## Key facts
- Earnings Releases
  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
  source text: Vireo Growth Inc. Announces Fourth Quarter 2025 Results Q4 GAAP revenue of $104.5 million increased 317.7% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465926028946/0001104659-26-028946-index.htm

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