Verano Q4 revenue $218M (-8% YoY); net loss $273M from impairments; FY net loss $342M

Verano Holdings Corp.

2024-FY EPS reported -$0.98 revenue$878,585,000

Q4 revenue $218M, down 8% YoY; full year revenue $879M, down 6% YoY.
Q4 net loss $273M vs loss $77M YoY, driven by fixed/ intangible asset impairments and fair value adjustments.
Adjusted EBITDA Q4 $63M (29% revenue); full year $264M (30%); operating cash flow $112M in 2024.
FY net loss $342M (39% revenue) compared to loss $117M (13% revenue) in 2023.
2025 capex guided $25-40M; operations span 13 states, 153 dispensaries, 15 production facilities.

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