Vireo Growth (VREOF)
OTHER OTC:VREOF
Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
-0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized transformative M&A that materially increased reported revenue and scale (GAAP revenue +333% YoY; pro forma revenue $210.2M), improved profitability (adjusted EBITDA growth and margin expansion), and a strong cash position (~$137.8M). Strategic partnerships (Glass House, FLUENT) and leadership positions in key states were highlighted as durable positives. Key risks discussed include integration execution across many acquisitions (Florida as a major near-term test), modest organic pro forma growth (+5% YoY), GAAP non-cash adjustments affecting comparability, localized operational volatility (Minnesota), regulatory/CapEx restraint evidenced by the Texas license sale, and a high share count. On balance, the financial improvements, scale and cash position outweigh the integration and regulatory risks presented on the call.Company Guidance
Substantial Reported Revenue Increase Driven by M&A
Q1 GAAP revenue was $106.2M, up 333% year-over-year on a reported basis, reflecting recently closed acquisitions (Deep Roots, Proper, Wholesome, Eaze, Schwazze, Hawthorne and the PharmaCann MSA).
Pro Forma Scale and Market Ranking
Pro forma revenue (including recent transactions as if completed Jan 1, 2026) was $210.2M, up 5% year-over-year, positioning the company as the fourth largest cannabis company by revenue.
Strong Profitability Metrics and Margin Expansion
Adjusted EBITDA was ~$32.7M (30.8% of sales), an improvement of approximately $26.1M and 390 basis points year-over-year. Excluding non-cash inventory fair-value step-ups, gross margin was 56.3%, up 280 basis points versus prior-year quarter.
Pro Forma Adjusted EBITDA Growth
On a pro forma basis, adjusted EBITDA increased 29.8% to $42.2M and represented 20.1% of sales versus $32.5M or 16.2% of sales in the prior-year quarter.
Significant Cash and Liquid Balance Sheet
Ended the quarter with $137.8M of cash and an additional $1M of marketable securities; total current assets (ex. tax receivables/assets for sale) were $240M vs current liabilities of $82M (ex. uncertain tax liabilities).
Expanded National Footprint and Retail Scale
Now operating in 10 states with over 160 dispensaries; announced that recent deals added over $100M of quarterly revenue to the top line and the company holds leading positions in Colorado, Utah and Nevada and meaningful share in Minnesota and Missouri.
Strategic M&A and Partnerships Targeting Key Markets
Announced FLUENT (Florida) and Glass House (California) transactions: Glass House pairs Vireo retail/delivery (Eaze) with low-cost production in California; FLUENT expands Florida footprint to create a top-three platform with limited store overlap and ~70 combined stores between the two companies.
VREOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VREOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $0.40 | $0.40 | +0.75% |
Mar 17, 2026 | $0.42 | $0.42 | -0.71% |
Nov 12, 2025 | $0.57 | $0.56 | -1.91% |
Aug 13, 2025 | $0.70 | $0.77 | +10.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vireo Growth (VREOF) report earnings?
Vireo Growth (VREOF) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Vireo Growth (VREOF) earnings time?
Vireo Growth (VREOF) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VREOF EPS forecast?
VREOF EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.