Glass House Brands Inc

Glass House Brands Inc

GLAS
Glass House Brands IncUS flagNew York Stock Exchange
11.30
USD
-1.20
- -
874.92MMarket Cap
Glass House Brands Inc
GLAS
(New York Stock Exchange)

Recent

price

11.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
2.27
1.57
1.32
2.27
2.61
2.23
2.13
Revenue per Share
-0.78
-1.11
-0.83
-1.65
-0.2
-0.55
-0.56
Basic EPS, GAAP
-0.54
-3.2
-1.07
0.15
0.24
-0.19
-0.32
Free Cash Flow per Basic Share
- -
0.04
0.06
0.09
0.1
0.1
0.11
Dividend per Share
-0.78
-1.48
-1.44
-2.69
-2.48
-2.69
-2.87
Book Value per Share
0.76
4.25
2.3
1.75
1.95
1.05
0.89
Tangible Book Value per Share
21
40
64
71
77
82
83
Basic Weighted Avg Shares
48
63
85
161
201
182
176
Sales/Revenue/Turnover
-12.44
-55.95
-59.55
2.04
5.99
-8.04
-14.83
Operating Margin (%)
3
5
12
15
15
16
16
Depreciation Expense
-17
-43
-33
-98
1
-30
-35
Net Income, GAAP
- -
- -
- -
- -
93.57
- -
36.24
Effective Tax Rate (%)
-34.52
-68.21
-38.77
-61.1
0.26
-16.3
-19.94
Profit Margin (%)
-1
13
-15
-38
- -
30
34
Working Capital
21
48
73
66
59
73
72
LT Debt
26
182
221
145
164
97
177
Total Equity
- -
- -
- -
- -
0.33
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
-1.36
- -
-18.03
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2
2
2
LT Borrowings
69
69
68
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
92
Shares Outstanding
80
82
85
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
74
68
74
Cash, Cash Equivalents & STI
26
20
24
Accounts Receivable, Net
6
4
6
Inventories
19
26
32
Total Current Liabilities
33
38
40
Payables & Accruals
31
36
38
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
110.36%
-40.81%
Free Cash Flow
- -
146.27%
-186.93%
Net Income, GAAP
- -
-1,116.29%
-5,814.64%
Sales/Revenue/Turnover
- -
34.05%
-9.41%
Total Cash Common Dividend
- -
- -
-13.59%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30
54
64
53
201
2025
45
60
38
39
182
2026
39
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.3
0.08
-0.09
0.1
-0.2
2025
-0.13
0.05
-0.19
-0.23
-0.55
2026
-0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
0.03
0.1
2025
0.03
0.02
0.02
0.03
0.1
2026
0.03
- -
- -
- -
- -
Business
Glass House Brands Inc. is a vertically integrated cannabis company focused on cultivating, manufacturing, branding, and retailing cannabis products in California, United States. The company operates a seed-to-sale ecosystem spanning greenhouse cultivation, production, brand management, and distribution, with a portfolio that includes multiple consumer brands and a network of retail stores across California. Headquarters are in Long Beach, California, and the company was founded in 2015. Main Products and Services - Cultivation: greenhouse cannabis cultivation facilities in Carpinteria and Camarillo, California, deploying advanced cultivation technology to produce biomass and flower for wholesale and owned brands. - Manufacturing: full manufacturing operations in Lompoc, California, producing cannabis products including biomass, bulk flower, finished consumer packaged goods (CPG), concentrates, extracts, and infused products. - Brand Portfolio: ownership and management of multiple brands across different segments, including Glass House Farms, PLUS Products, Allswell, Reeform, Mama Sue Wellness, and related product lines; product categories span raw flower, oil, edibles, pre-rolls, tinctures, and topicals. - Wholesale and Distribution: sale of cannabis biomass, trim, and processed products to wholesalers and third-party retailers; distribution logistics for California-based customers. - Retail: ownership and operation of California retail cannabis stores delivering adult-use and medicinal products, with in-store pickup and online ordering capabilities. - E-commerce and Services: online ordering, in-store pickup, and delivery services for consumers; payment processing support and ancillary services as part of a integrated operating model. Latest Major Company Changes - Strategic expansion within California’s cannabis market through ongoing scale-up of cultivation capacity and integrated manufacturing capabilities to support growing brand demand. - Brand and product line expansion across multiple categories, including new edible formats and infused products under the PLUS and Glass House Farms portfolios. - Operational enhancements and reorganizations to streamline seed-to-sale processes and improve operational efficiency across cultivation, manufacturing, and retail networks. - Partnerships and collaborations with distributors and retailers to broaden California footprint and optimize route-to-market for core product lines. - Refined focus on sustainability and compliance initiatives to align with evolving regulatory requirements and industry best practices. Additional Context - Industry and segments: cannabis (cultivation, processing/manufacturing, brand development, wholesale, and retail) with a strong emphasis on consumer packaged goods and California-centric operations. - Target markets: adult-use and medicinal cannabis consumers in California; wholesale customers and retail partners nationwide through brand and distribution strategies. - Geographic operations: primarily California, United States, with brand presence and distribution channels designed to support state-wide markets; corporate headquarters in Long Beach, California. - Founding year and headquarters: founded in 2015; headquarters in Long Beach, California. - Subsidiaries/parent relationships: owns and operates multiple cultivation facilities and a manufacturing facility; maintains a portfolio of brands under its corporate umbrella and retail store network in California.