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Glass House Brands (GLAS) Financials

$11.28 -0.28 (-2.39%)
Closing price 07/8/2026 03:59 PM Eastern
Extended Trading
$11.08 -0.20 (-1.80%)
As of 04:00 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Glass House Brands

Annual Income Statements for Glass House Brands

This table shows Glass House Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -17 -43 -33 -98 0.52 -30
Consolidated Net Income / (Loss)		 -17 -43 -33 -98 0.72 -29
Net Income / (Loss) Continuing Operations		 -17 -43 -33 -98 0.72 -29
Total Pre-Tax Income 		-10 -41 -37 -88 11 -17
Total Operating Income		 -6.00 -36 -56 -50 5.74 -17
Total Gross Profit		 19 16 21 81 97 77
Total Revenue		 48 63 85 161 201 182
Operating Revenue		 48 63 85 161 201 182
Total Cost of Revenue		 30 47 64 80 104 105
Operating Cost of Revenue		 30 47 64 80 104 105
Total Operating Expenses		 25 52 77 130 92 93
Selling, General & Admin Expense		 21 43 56 60 68 73
Marketing Expense		 1.49 3.53 3.43 2.84 2.42 2.67
Depreciation Expense		 2.58 4.77 12 15 15 16
Impairment Charge		 - 0.82 5.85 53 6.30 1.90
Total Other Income / (Expense), net		 -4.24 -5.11 19 -39 5.48 -0.49
Interest Expense		 2.18 2.74 8.10 9.82 9.18 7.35
Interest & Investment Income		 -2.01 -1.02 -1.95 -2.06 0.01 0.37
Other Income / (Expense), net		 -0.05 -1.35 29 -27 15 6.49
Income Tax Expense		 6.42 2.01 -4.39 9.94 10 12
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.20 -0.06 0.21 0.20 0.71
Basic Earnings per Share		 ($0.78) ($1.11) ($0.83) ($1.62) ($0.21) ($0.55)
Weighted Average Basic Shares Outstanding		 21.27M 40.28M 64.18M 72.03M 75.23M 81.94M
Diluted Earnings per Share		 ($0.78) ($1.11) ($0.83) ($1.62) ($0.21) ($0.55)
Weighted Average Diluted Shares Outstanding		 21.27M 40.28M 64.18M 72.03M 75.23M 81.94M
Weighted Average Basic & Diluted Shares Outstanding		 - 43.32M 60.41M 66.74M 74.64M 80.04M

Quarterly Income Statements for Glass House Brands

No quarterly income statements for Glass House Brands are available.

Annual Cash Flow Statements for Glass House Brands

This table details how cash moves in and out of Glass House Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.90 50 -40 18 4.40 -14
Net Cash From Operating Activities		 -7.70 -20 -41 23 28 11
Net Cash From Continuing Operating Activities		 -7.70 -20 -41 23 28 11
Net Income / (Loss) Continuing Operations		 -17 -43 -33 -98 0.72 -29
Consolidated Net Income / (Loss)		 -17 -43 -33 -98 0.72 -29
Depreciation Expense		 2.58 4.77 12 15 15 16
Amortization Expense		 1.06 0.95 1.52 2.04 1.69 0.39
Non-Cash Adjustments To Reconcile Net Income		 5.80 17 -6.12 89 6.63 21
Changes in Operating Assets and Liabilities, net		 -0.47 0.06 -16 16 4.30 2.77
Net Cash From Investing Activities		 -7.72 -112 -29 -13 -10 -28
Net Cash From Continuing Investing Activities		 -7.72 -112 -29 -13 -10 -28
Purchase of Property, Plant & Equipment		 -3.85 -108 -28 -12 -10 -27
Sale of Property, Plant & Equipment		 0.00 - - - 0.00 0.22
Other Investing Activities, net		 -1.14 -2.27 -6.72 -0.29 0.00 -0.79
Net Cash From Financing Activities		 17 181 30 7.87 -14 2.72
Net Cash From Continuing Financing Activities		 17 181 30 7.87 -14 2.72
Repayment of Debt		 -1.14 -0.95 -9.89 -0.70 -7.56 -43
Repurchase of Preferred Equity		 - 0.00 -0.77 - 0.00 -18
Payment of Dividends		 0.00 -1.80 -4.00 -6.51 -7.86 -8.65
Issuance of Debt		 18 58 9.42 0.06 0.00 52
Issuance of Preferred Equity		 - 0.00 32 15 0.00 18
Issuance of Common Equity		 0.00 - - - 0.00 2.18
Other Financing Activities, net		 0.01 126 3.34 -0.28 1.72 -0.01
Cash Interest Paid		 0.32 0.38 4.71 7.40 5.99 4.53
Cash Income Taxes Paid		 0.91 2.64 4.13 4.83 2.46 2.46

Quarterly Cash Flow Statements for Glass House Brands

No quarterly cash flow statements for Glass House Brands are available.

Annual Balance Sheets for Glass House Brands

This table presents Glass House Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 70 288 351 304 311 319
Total Current Assets		 18 69 39 49 66 68
Cash & Equivalents		 4.54 51 11 30 34 20
Restricted Cash		 0.00 3.00 3.00 3.00 3.00 0.00
Note & Lease Receivable		 0.90 0.00 1.26 - 0.00 0.80
Accounts Receivable		 5.14 2.46 4.79 3.98 5.22 4.42
Inventories, net		 6.87 6.53 11 8.84 14 26
Prepaid Expenses		 1.02 5.56 7.76 3.87 7.78 16
Current Deferred & Refundable Income Taxes		 - - - 0.00 1.93 0.79
Plant, Property, & Equipment, net		 27 196 216 216 212 229
Total Noncurrent Assets		 24 23 95 39 32 22
Long-Term Investments		 11 7.20 4.25 2.33 2.34 0.00
Noncurrent Note & Lease Receivables		 - 0.00 0.29 1.90 2.57 2.04
Intangible Assets		 5.28 5.63 36 21 14 12
Other Noncurrent Operating Assets		 3.09 5.42 16 13 13 8.44
Total Liabilities & Shareholders' Equity		 70 288 351 304 311 319
Total Liabilities		 43 106 129 159 146 144
Total Current Liabilities		 20 55 54 87 66 38
Short-Term Debt		 7.97 0.04 0.04 7.55 7.64 0.04
Accounts Payable		 6.57 9.94 22 27 31 36
Current Deferred & Payable Income Tax Liabilities		 4.74 3.81 7.60 7.88 2.41 0.00
Other Current Liabilities		 0.33 41 24 45 25 1.95
Total Noncurrent Liabilities		 24 50 75 71 80 106
Long-Term Debt		 19 45 63 57 51 69
Capital Lease Obligations		 2.32 0.00 0.21 1.52 1.69 1.09
Other Noncurrent Operating Liabilities		 0.85 4.31 13 13 28 36
Redeemable Noncontrolling Interest		 - - - 78 86 93
Total Equity & Noncontrolling Interests		 26 182 221 67 78 82
Total Preferred & Common Equity		 26 182 169 90 116 74
Total Common Equity		 26 182 169 90 116 74
Common Stock		 43 242 262 281 307 294
Retained Earnings		 -17 -60 -93 -191 -190 -220
Noncontrolling Interest		 0.00 -0.20 -4.26 -23 -39 8.17

Quarterly Balance Sheets for Glass House Brands

No quarterly balance sheets for Glass House Brands are available.

Annual Metrics And Ratios for Glass House Brands

This table displays calculated financial ratios and metrics derived from Glass House Brands' official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 43,318,384.00 164,136,052.00 66,741,665.00 74,643,065.00 80,037,887.00
DEI Adjusted Shares Outstanding		 0.00 43,318,384.00 164,136,052.00 66,741,665.00 74,643,065.00 80,037,887.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -1.00 -0.20 -1.47 0.01 -0.37
Growth Metrics		 - - - - - -
Profitability Metrics		 - - - - - -
Net Operating Profit after Tax (NOPAT)		 -4.20 -25 -39 -35 0.37 -12
Return On Investment Capital (ROIC_SIMPLE)		 - - - -26.13% 0.27% -7.62%
Earnings before Interest and Taxes (EBIT)		 -6.05 -38 -27 -76 20 -10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.41 -32 -13 -60 37 6.12
Valuation Ratios		 - - - - - -
Leverage & Solvency		 - - - - - -
Liquidity Ratios		 - - - - - -
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -150 -140 55 -8.34 -51
Efficiency Ratios		 - - - - - -
Capital & Investment Metrics		 - - - - - -
Invested Capital		 40 166 266 176 185 225
Increase / (Decrease) in Invested Capital		 0.00 125 100 -90 8.71 40
Book Value per Share		 $1.24 $4.52 $3.90 $1.49 $1.92 $0.99
Tangible Book Value per Share		 $0.76 $4.26 $2.20 $1.13 $1.69 $0.84
Total Capital		 56 227 284 211 224 244
Total Debt		 29 45 63 66 60 70
Total Long-Term Debt		 21 45 63 58 52 70
Net Debt		 14 -16 44 31 21 50
Capital Expenditures (CapEx)		 3.85 108 28 12 10 27
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2.29 -41 -29 -63 -30 9.98
Debt-free Net Working Capital (DFNWC)		 6.83 13 -15 -31 7.27 30
Net Working Capital (NWC)		 -1.14 13 -15 -38 -0.38 30
Net Nonoperating Expense (NNE)		 12 18 -6.51 63 -0.35 17
Net Nonoperating Obligations (NNO)		 14 -16 44 31 21 50
Total Depreciation and Amortization (D&A)		 3.64 5.72 14 17 17 16
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.13) ($0.83) ($1.62) ($0.21) ($0.55)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 39.24M 64.18M 72.03M 75.23M 81.94M
Adjusted Diluted Earnings per Share		 $0.00 ($1.13) ($0.83) ($1.62) ($0.21) ($0.55)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 39.24M 64.18M 72.03M 75.23M 81.94M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 43.32M 60.41M 66.74M 74.64M 80.04M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.20 -25 -35 2.30 8.43 -10
Debt Service Ratios		 - - - - - -
Payout Ratios		 - - - - - -

Quarterly Metrics And Ratios for Glass House Brands

No quarterly metrics and ratios for Glass House Brands are available.


Financials Breakdown Chart

Glass House Brands Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Glass House Brands' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Glass House Brands' net income were at -$28.95 million at the end of 2025, a 4,115.5% decrease from 2024, and a 73.8% increase since 2020. View Glass House Brands' forecast to see where analysts expect Glass House Brands to go next.

Glass House Brands' total operating income in 2025 was -$16.53 million, based on the following breakdown:
  • Total Gross Profit: $76.96 million
  • Total Operating Expenses: $93.49 million

Over the last 5 years, Glass House Brands' total revenue changed from $48.26 million in 2020 to $181.98 million in 2025, a change of 277.1%.

Glass House Brands' total liabilities were at $143.96 million at the end of 2025, a 1.7% decrease from 2024, and a 232.7% increase since 2020.

In the past 5 years, Glass House Brands' cash and equivalents has ranged from $4.54 million in 2020 to $51.07 million in 2021, and is currently $19.85 million as of their latest financial filing in 2025.

Over the last 5 years, Glass House Brands' book value per share changed from 1.24 in 2020 to 0.99 in 2025, a change of -19.8%.


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Financial statements for NYSE:GLAS last updated on 7/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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