---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-028573"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:06:35.426571+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-028573
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828026028573/0001628280-26-028573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828026028573/vrnof-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-028573
- JSON: https://secwatch.observer/filing/0001628280-26-028573.json
- Plain text: https://secwatch.observer/filing/0001628280-26-028573.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848416/000162828026028573/0001628280-26-028573-index.htm

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