Verano Q4 rev $207M, net loss $183M; closes $195M credit facility at 9.5%

Verano Holdings Corp.

Q4 2025 revenue $207M (+2% QoQ, -5% YoY); Adj. EBITDA $56M (27% margin).
Full year 2025 revenue $822M (-6% YoY); net loss $258M; Adj. EBITDA $229M.
Closed $195M senior secured term loan with Needham Bank at 9.5% floating rate, maturing 2029.
Drew $50M from revolver to repay 2022 facility; year-end total debt net $400M.
2026 capex guidance $30-50M; highlights include Texas conditional license and Vireo settlement.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Verano Holdings Corp. reported financial results for the quarter and fiscal year ended December 31, 2025.

Period: the quarter and fiscal year ended December 31, 2025
Result: reported results

Exact text from the filing

Verano Holdings Corp. (the “Company”) issued a press release (the “Earnings Press Release”) announcing its financial results for the quarter and fiscal year ended December 31, 2025.

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Verano Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001628280-26-017007

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