earnings
confidence high
sentiment negative
materiality 0.75
Vireo Q2 GAAP revenue $48.1M (+91% YoY); operating loss of $2.0M vs prior profit
Vireo Growth Inc.
2025-Q2 EPS reported
-$0.05
revenue$72,603,651
- GAAP revenue $48.1M (+91% YoY); gross profit $20.4M (+50%). Gross margin fell 1,150 bps to 42.5%.
- GAAP operating loss $2.0M vs income of $5.8M in Q2 2024; adjusted operating income $11.3M (+98%).
- Adjusted EBITDA $13.3M (margin 27.6%); SG&A as % of revenue improved 480 bps to 25.4%.
- Closed previously pending merger transactions in Q2; pro forma results in line with expectations.
- Completed $153M refinancing, leaving company with over $100M cash and lower cost of capital.