Verano Q1 revenue $208M, net loss widens to $18M; announces $20M buyback

Verano Holdings Corp.

2026-Q1 EPS reported -$0.05 revenue$208,178,000

Revenue $208M, +1% QoQ, -1% YoY; gross profit margin 48%.
Net loss $18M vs $12M loss YoY; Adjusted EBITDA $49M (24% of revenue).
Operating cash flow $19M, up from $2M YoY.
Board authorized up to $20M share repurchase (18.2M shares) over 12 months.
Closed $195M term loan to repay 2022 credit facility; upsized revolver to $100M.

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 0.9

Verano Holdings Corp. reported the quarter ended March 31, 2026 results: revenue $208 million, net income $(18) million. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Revenue: $208 million
Net income: $(18) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenues, net of discounts, of $208 million, an increase of 1% versus the prior quarter, and a decrease of 1% year-over-year. • Gross profit of $99 million or 48% of revenue. • SG&A expenses of $86 million or 41% of revenue. • Net Loss of $(18) million or (9)% of revenue.

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Source: SEC EDGAR

accession 0001628280-26-028573

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