Flagship explainer

How Verano Holdings Corp. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$822M · 100%Cost of revenue$408M · 50%Gross profit$413M · 50%Operating income−$107M · −13%Income before tax−$166M · −20%Income tax$91.7M · 11%Net income−$258M · −31%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$822M100%
Cost of revenue$408M50%
$413M50%
−$107M−13%
Income before tax−$166M−20%
Income tax$91.7M11%
−$258M−31%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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