VRNO — what changed in the latest 10-Q
A section-by-section comparison of VRNO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −11 | ~34 | 27 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Gross profit for the three months ended September 30, 2026 was $100,038, representing a gross profit margin of 47%. This is compared to gross profit for the three months ended September 30, 2025 of $95,237, which represented a gross profit margin of 47%. The increase of $4,801 or 5% was primarily at…
Net loss attributable to the Company for the three months ended September 30, 2026 was $(4,065), a decrease of $39,767, compared to a net loss of $(43,832) for the three months ended September 30, 2025. Income from operations was $11,908 for the three months ended September 30, 2026 compared to $9,2…
In an effort to maximize its return on investments coupled with footprint optimization, the Company had $9,183 of assets held for sale as of September 30, 2026, which is comprised of $7,163 of assets held for sale related to a cultivation facility in Massachusetts and $2,020 of assets held for sale …
Total other expense, net for the three months ended September 30, 2026, was $(8,705), a decrease of $15,963 as compared to the three months ended September 30, 2025. The decrease in other expense, net was primarily attributable to (i) a $12,741 favorable change in other income (expense), net, which …
Net loss attributable to the Company for the nine months ended September 30, 2026 was $(35,299), a decrease of $39,198, compared to a net loss of $(74,497) for the nine months ended September 30, 2025. Income from operations was $28,150 for the nine months ended September 30, 2026 compared to $50,49…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
Gross profit for the three months ended June 30, 2026 was $99,699, representing a gross profit margin of 46%. This is compared to gross profit for the three months ended June 30, 2025 of $112,984, which represented a gross profit margin of 56%. The decrease was primarily attributable to price compre…
Net loss attributable to the Company for the three months ended June 30, 2026 was $(13,411), a decrease of $5,739, compared to a net loss of $(19,150) for the three months ended June 30, 2025. The decrease was primarily driven by a lower provision for income taxes, partially offset by an increase in…
During the three months ended June 30, 2026, the Company recorded an impairment on a held-for-sale asset related to a cultivation facility in Massachusetts of $4,062 as the carrying value exceeded the fair value less the cost to sell by such amount. In an effort to maximize its return on investments…
Other expense, net for the three months ended June 30, 2026, was $(13,629), an increase of $3,420 as compared to the three months ended June 30, 2025. The increase in other expense, net was attributable to other non-operational costs when comparing the three months ended June 30, 2026 to the three m…
Net loss attributable to the Company for the six months ended June 30, 2026 was $(31,234), an increase of $569, compared to a net loss of $(30,665) for the six months ended June 30, 2025. The increase was primarily driven by an increase in operational and non-operational expenses, and a loss on debt…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
During the third quarter ended September 30, 2026, John Tipton, a member of the Board, terminated his existing prearranged trading plan on August 7, 2026, which was previously reported and adopted on September 5, 2025. Mr. Tipton then adopted a new prearranged share trading plan with a brokerage fir…
1No sales will take place under the prearranged trading plan until November 11, 2026, following the expiration of the applicable cooling off period.
2Subject to earlier termination in the event of certain limited circumstances described in the plan.
Text removed vs the prior filing · source: 10-Q · 2026-08-05
During the second quarter ended June 30, 2026, none of our directors or officers have adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408(a).
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice