Verano Holdings (VRNOF) reported third-quarter 2026 revenue of $212.4 million, up 5% from $202.8 million a year earlier. The company recorded a net loss attributable to Verano of $4.1 million, compared with a $43.8 million loss in the prior-year quarter.
Net cash provided by operating activities was $49 million, up from $26 million in the third quarter of 2025. Verano raised its 2026 capital-expenditure guidance range to $54 million to $60 million.
- Gross profit was $100.0 million, equal to 47% of revenue.
- Income from operations totaled $11.9 million, compared with $9.3 million a year earlier.
- Cash and cash equivalents were $102 million as of September 30, 2026.
- Operations span 13 states, with 163 dispensaries and 14 production facilities.
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