Financial Snapshot

Revenue
$98.53M
TTM
Gross Margin
50.91%
TTM
Net Earnings
-$16.89M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
111.8%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$11.00M
Q3 2024
Cash
Q3 2024
P/E
-5.085
Nov 29, 2024 EST
Free Cash Flow
-$4.882M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $88.13M $74.63M $54.45M $49.21M $29.96M $18.46M $10.87M $4.260M
YoY Change 18.1% 37.06% 10.64% 64.28% 62.28% 69.86% 155.12%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $88.13M $74.63M $54.45M $49.21M $29.96M $18.46M $10.87M $4.260M
Cost Of Revenue $44.03M $39.42M $32.01M $31.11M $22.62M $25.98M $10.95M $4.796M
Gross Profit $44.10M $30.91M $19.80M $17.13M $7.336M -$7.518M -$78.14K -$536.1K
Gross Profit Margin 50.04% 41.42% 36.36% 34.8% 24.49% -40.73% -0.72% -12.59%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $32.38M $33.82M $33.66M $26.37M $28.35M $11.91M $6.191M $3.960M
YoY Change -4.28% 0.5% 27.65% -7.0% 138.0% 92.39% 56.36%
% of Gross Profit 73.41% 109.43% 169.99% 153.93% 386.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.149M $3.336M $3.029M $2.481M $1.355M $771.3K $750.9K $598.9K
YoY Change -65.56% 10.12% 22.1% 83.05% 75.73% 2.72% 25.36%
% of Gross Profit 2.6% 10.79% 15.3% 14.49% 18.48%
Operating Expenses $33.52M $37.85M $40.28M $40.17M $29.70M $12.19M $6.405M $4.194M
YoY Change -11.42% -6.04% 0.27% 35.24% 143.76% 90.26% 52.72%
Operating Profit $10.58M -$6.939M -$20.48M -$23.04M -$22.37M -$19.70M -$6.483M -$4.730M
YoY Change -252.46% -66.12% -11.12% 3.02% 13.52% 203.93% 37.06%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$31.26M $22.59M $10.58M $5.096M -$4.460M -$2.390M -$380.7K $6.480K
YoY Change -238.36% 113.64% 107.53% -214.25% 86.59% 527.93% -5974.69%
% of Operating Profit -295.48%
Other Income/Expense, Net $7.746M -$29.63M -$9.087M $8.891M -$1.800M -$59.60K -$10.45K $0.00
YoY Change -126.15% 226.02% -202.2% -593.81% 2920.96% 470.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$17.82M -$36.56M -$29.57M -$14.15M -$56.89M $2.124M -$430.7K $5.805M
YoY Change -51.25% 23.66% 108.93% -75.13% -2779.03% -593.08% -107.42%
Income Tax $7.723M $5.893M $4.122M $8.790M $586.0K $5.201M $0.00
% Of Pretax Income 244.91%
Net Earnings -$25.55M -$42.46M -$33.69M -$22.94M -$57.48M -$3.077M -$430.7K $5.805M
YoY Change -39.83% 26.02% 46.85% -60.09% 1767.82% 614.52% -107.42%
Net Earnings / Revenue -28.99% -56.89% -61.88% -46.62% -191.88% -16.67% -3.96% 136.27%
Basic Earnings Per Share -$0.19 -$0.33 -$0.27 -$0.24
Diluted Earnings Per Share -$0.19 -$0.33 -$0.27 -$0.24 -$711.2K -$247.1K -$34.58K $899.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $17.90M $15.15M $15.16M $25.51M $7.642M $9.624M $2.596M $2.094M
YoY Change 18.17% -0.04% -40.6% 233.87% -20.6% 270.73% 23.98%
Cash & Equivalents
Short-Term Investments $1.937M
Other Short-Term Assets $92.55M $6.785M $1.560M $7.890M $3.906M $3.296M $624.0K $175.4K
YoY Change 1263.97% 334.93% -80.23% 101.98% 18.5% 428.27% 255.78%
Inventory $19.29M $20.51M $20.42M $12.64M $14.67M $27.35M $17.39M $15.90M
Prepaid Expenses
Receivables $3.087M $4.286M $4.502M $990.7K $1.026M $1.596M
Other Receivables $16.03M $0.00 $0.00 $0.00 $0.00 $75.00K
Total Short-Term Assets $148.9M $46.73M $41.64M $47.04M $27.25M $41.94M $20.61M $18.17M
YoY Change 218.55% 12.22% -11.48% 72.65% -35.04% 103.49% 13.43%
Property, Plant & Equipment $25.31M $95.72M $108.0M $38.73M $41.85M $22.85M $14.81M $9.857M
YoY Change -73.56% -11.37% 178.85% -7.46% 83.18% 54.31% 50.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.312M $1.718M $1.412M $2.651M $2.260M $966.0K $203.4K
YoY Change 34.57% 21.68% -46.74% 17.33% 133.93% 375.05%
Other Assets $383.7K $1.687M $1.495M $157.0K $1.550M $26.60K $182.3K $456.0K
YoY Change -77.26% 12.84% 852.23% -89.87% 5728.87% -85.41% -60.01%
Total Long-Term Assets $34.41M $112.4M $125.3M $55.59M $58.19M $27.32M $15.95M $10.52M
YoY Change -69.39% -10.29% 125.45% -4.46% 113.0% 71.23% 51.71%
Total Assets $183.3M $159.2M $167.0M $102.6M $85.43M $69.26M $36.56M $28.69M
YoY Change
Accounts Payable $1.769M $1.905M $1.490M $900.9K $1.365M $2.512M $1.516M $479.6K
YoY Change -7.12% 27.83% 65.42% -33.99% -45.67% 65.69% 216.13%
Accrued Expenses $4.853M $6.173M $7.709M $5.106M $1.118M
YoY Change -21.39% -19.92% 50.96% 356.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $61.11M $13.46M $1.601M $2.867M $619.8K $1.349M $0.00 $19.00K
YoY Change 354.01% 740.78% -44.17% 362.59% -54.04% -100.0%
Total Short-Term Liabilities $179.5M $29.71M $16.41M $19.94M $3.757M $4.203M $1.516M $498.6K
YoY Change 504.09% 81.08% -17.72% 430.75% -10.6% 177.16% 204.09%
Long-Term Debt $19.68M $126.0M $107.6M $20.34M $32.99M $11.84M $7.441M $10.17K
YoY Change -84.38% 17.15% 428.72% -38.33% 178.65% 59.1% 73067.45%
Other Long-Term Liabilities $155.9K $5.053M $113.2K $72.87K
YoY Change 4362.08% 55.4%
Total Long-Term Liabilities $19.84M $126.0M $107.6M $20.34M $32.99M $16.89M $7.554M $83.04K
YoY Change -84.25% 17.15% 428.72% -38.33% 95.29% 123.61% 8997.27%
Total Liabilities $199.3M $155.7M $124.0M $40.28M $36.75M $27.60M $9.071M $581.7K
YoY Change 27.99% 25.61% 207.73% 9.63% 33.13% 204.31% 1459.42%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 135.2M 128.1M 123.8M 97.55M
Diluted Shares Outstanding 135.2M 128.1M 123.8M 97.55M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $85.88 Million

About Vireo Growth Inc.

Vireo Growth Inc is a US-based company operating in Pharmaceuticals industry. The company is headquartered in Minneapolis, Minnesota and currently employs 490 full-time employees. The company went IPO on 2005-05-09. Vireo Growth Inc., formerly Goodness Growth Holdings, Inc., is a cannabis company. The firm has operations in four markets in Maryland, Minnesota, New Mexico, and New York. The firm is science-focused and provides patients and adult-use customers with cannabis-based products. The company cultivates and manufactures pharmaceutical-grade cannabis extracts and sells its products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. The company has developed proprietary cannabis strains, cultivation methods, carbon dioxide extraction, ethanol extraction, and other processes related to the production, refinement, and packaging of cannabis products. The firm manufactures, assembles, and packages cannabis finished goods across a range of product segments, including Inhalable, Ingestible, and Topicals. Its brands include Vireo Spectrum, Vireo Selects, 1937, Boundary Waters, Hi-Color, Kings and Queens, and various other flower and trim brands.

Industry: Pharmaceutical Preparations Peers: Lyra Therapeutics, Inc. Citius Pharmaceuticals, Inc. JOHNSON & JOHNSON ZEVRA THERAPEUTICS, INC. MARIMED INC. Rain Oncology Inc. ProPhase Labs, Inc. scPharmaceuticals Inc. Terns Pharmaceuticals, Inc.