Earnings Releases·Oct 29, 2026, 7:54 AM ET

Verano Holdings Corp. — Third Quarter 2026 Earnings Summary

Q3 2026 net revenues rose 5% YoY to $212.4 million, while net loss narrowed significantly to $4.1 million from $43.8 million in the prior year period; YTD net loss improved to $35.3 million from $74.5 million, and operating cash flow increased to $98 million from $39 million.
Gross profit margin remained stable at 47% for the quarter but declined to 47% from 50% on a YTD basis, while Adjusted EBITDA decreased to $150.6 million YTD from $173.7 million, despite SG&A expenses rising to $262.9 million YTD.
Management raised 2026 capital expenditures guidance to $54–$60 million and anticipates strong 2027 growth driven by retail and CPG enhancements, seasonal promotions, and the upcoming launch of adult use sales in Virginia.
Strategic expansion included the opening of the 86th Florida dispensary and the national debut of the Easy Landings beverage brand, bringing total locations to 163 across 13 states.