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Stocks · Health care · Medicinal Chemicals & Botanical Products

Glass House Brands Inc.

GLAS Clue Score41
United States Fiscal year ends December CIK 0001848731
$4.08 -4.23% Close, 12 Oct 2026
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Price $4.08 −64.24% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 30 Jun 2026. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue48.3Operating income−6.0Net income−16.7EPS, diluted−0.78Fiscal year 2021Revenue63.2 +30.9%Operating income−36.2Net income−43.1EPS, diluted−1.11Fiscal year 2022Revenue84.9 +34.3%Operating income−56.4Net income−32.9EPS, diluted−0.83Fiscal year 2023Revenue160.8 +89.5%Operating income−49.5Net income−98.3EPS, diluted−1.62Fiscal year 2024Revenue200.9 +24.9%Operating income5.7Net income0.5EPS, diluted−0.21Fiscal year 2025Revenue182.0 −9.4%Operating income−16.5Net income−29.7 −5,814.6%EPS, diluted−0.55
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 48.3 63.2 84.9 160.8 200.9 182.0
Growth +30.9% +34.3% +89.5% +24.9% −9.4%
Operating income −6.0 −36.2 −56.4 −49.5 5.7 −16.5
Net income −16.7 −43.1 −32.9 −98.3 0.5 −29.7
Growth −5,814.6%
EPS, diluted −0.78 −1.11 −0.83 −1.62 −0.21 −0.55

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin38.8%Operating margin−12.4%Net margin−34.5%Free cash flow margin−23.9%Fiscal year 2021Gross margin25.0%Operating margin−57.2%Net margin−68.2%Free cash flow margin−203.8%Fiscal year 2022Gross margin24.4%Operating margin−66.4%Net margin−38.8%Free cash flow margin−80.8%Fiscal year 2023Gross margin50.3%Operating margin−30.8%Net margin−61.1%Free cash flow margin6.8%Fiscal year 2024Gross margin48.5%Operating margin2.9%Net margin0.3%Free cash flow margin9.0%Fiscal year 2025Gross margin42.3%Operating margin−9.1%Net margin−16.3%Free cash flow margin−8.6%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 38.8% 25.0% 24.4% 50.3% 48.5% 42.3%
Operating margin −12.4% −57.2% −66.4% −30.8% 2.9% −9.1%
Net margin −34.5% −68.2% −38.8% −61.1% 0.3% −16.3%
Free cash flow margin −23.9% −203.8% −80.8% 6.8% 9.0% −8.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−7.7Capital expenditure−3.9Free cash flow−11.5Fiscal year 2021Operating cash flow−20.3Capital expenditure−108.5Free cash flow−128.8Fiscal year 2022Operating cash flow−40.8Capital expenditure−27.8Free cash flow−68.6Fiscal year 2023Operating cash flow23.2Capital expenditure−12.3Free cash flow10.9Fiscal year 2024Operating cash flow28.4Capital expenditure−10.3Free cash flow18.1 +65.8%Fiscal year 2025Operating cash flow11.4Capital expenditure−27.2Free cash flow−15.7 −186.9%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −7.7 −20.3 −40.8 23.2 28.4 11.4
Capital expenditure −3.9 −108.5 −27.8 −12.3 −10.3 −27.2
Free cash flow −11.5 −128.8 −68.6 10.9 18.1 −15.7
Growth +65.8% −186.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash4.5Total debt16.0Net cash (debt)−11.4Shareholders’ equity26.3Debt to equity0.61Fiscal year 2021Cash54.1Total debt44.9Net cash (debt)9.2Shareholders’ equity182.1Debt to equity0.25Fiscal year 2022Cash14.1Total debt62.7Net cash (debt)−48.5Shareholders’ equity168.9Debt to equity0.37Fiscal year 2023Cash32.5Total debt64.1Net cash (debt)−31.5Shareholders’ equity89.8Debt to equity0.71Fiscal year 2024Cash36.9Total debt58.2Net cash (debt)−21.3Shareholders’ equity116.2Debt to equity0.50Fiscal year 2025Cash23.4Total debt68.7Net cash (debt)−45.3Shareholders’ equity73.9Debt to equity0.93
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.5 54.1 14.1 32.5 36.9 23.4
Total debt 16.0 44.9 62.7 64.1 58.2 68.7
Net cash (debt) −11.4 9.2 −48.5 −31.5 −21.3 −45.3
Shareholders’ equity 26.3 182.1 168.9 89.8 116.2 73.9
Debt to equity 0.61 0.25 0.37 0.71 0.50 0.93

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
4.5 54.1 14.1 32.5 36.9 23.4
5.1 2.5 4.8 4.0 5.2 4.4
6.9 6.5 11.0 8.8 14.3 26.2
27.2 195.8 216.4 215.7 212.3 228.8
4.8 4.9 37.8 0.0 0.0 n/a
69.5 287.6 350.6 303.8 310.5 318.6
Growth +313.5% +21.9% −13.4% +2.2% +2.6%
Liabilities
0.6 0.0 0.0 7.6 7.6 0.0
15.4 44.8 62.6 56.5 50.6 68.6
calc 16.0 44.9 62.7 64.1 58.2 68.7
43.3 105.6 129.5 158.5 146.4 144.0
Equity
−16.7 −59.8 −92.7 −190.9 −190.4 −220.1
26.3 182.1 168.9 89.8 116.2 73.9
Growth +593.2% −7.3% −46.8% +29.5% −36.4%
Per share and net cash
calc −11.4 9.2 −48.5 −31.5 −21.3 −45.3

Lines marked calc are worked out here from filed figures; point at one for how.