Glass House Brands Inc.

GLASF

GLASFGlass House Brands Inc. US flag

Other OTC

13.25

USD

+0.25

- -

1.05BMarket Cap

Income Statement (USD)

MCP API Chat

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	48	63	85	161	201	182
+ Sales & Services Revenue	48	63	85	161	201	182
- Cost of Revenue	30	47	64	80	104	105
+ Cost of Goods & Services	30	47	64	80	104	105
Gross Profit	19	16	21	81	97	77
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	25	51	71	78	85	92
+ Selling, General & Admin	22	46	59	63	70	76
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	3	5	12	15	15	16
Operating Income (Loss)	-6	-35	-51	3	12	-15
- Non-Operating (Income) Loss	4	6	-13	91	1	2
+ Interest Expense, Net	2	3	8	10	9	7
+ Interest Expense	2	3	8	10	9	7
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	2	3	-21	82	-8	-4
Pretax Income	-10	-41	-37	-88	11	-17
- Income Tax Expense (Benefit)	6	2	-4	10	10	12
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-17	-43	-33	-98	1	-29
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	1
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	1
Income (Loss) Incl. MI	-17	-43	-33	-98	- -	-30
- Minority Interest	- -	- -	- -	- -	- -	-1
Net Income, GAAP	-17	-43	-33	-98	1	-30
- Preferred Dividends	- -	2	20	18	16	15
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-17	-45	-53	-117	-15	-45
EBIT	-6	-35	-51	3	12	-15
EBITDA	-3	-31	-38	18	27	1
EBITDA Margin (%)	-7.1	-48.41	-45.06	11.14	13.48	0.62
EBITA	-6	-35	-51	3	12	-15
Gross Margin (%)	38.83	25	24.4	50.34	48.48	42.29
Operating Margin (%)	-12.44	-55.95	-59.55	2.04	5.99	-8.04
Profit Margin (%)	-34.52	-68.21	-38.77	-61.1	0.26	-16.3
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	0.04	0.06	0.09	0.1	0.1
Depreciation Expense	3	5	12	15	15	16
Basic Weighted Avg Shares	21	40	64	71	77	82
Basic EPS, GAAP	-0.78	-1.11	-0.83	-1.65	-0.2	-0.55
Basic EPS from Cont Ops	-0.78	-1.07	-0.51	-1.38	0.01	-0.35
Diluted Weighted Avg Shares	21	40	64	71	77	82
Diluted EPS, GAAP	-0.78	-1.11	-0.83	-1.65	-0.2	-0.55
Diluted EPS from Cont Ops	-0.78	-1.07	-0.51	-1.38	0.01	-0.35

Balance Sheet (USD)

MCP API Chat

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	18	69	39	49	66	68
+ Cash, Cash Equivalents & STI	5	51	11	30	34	20
+ Cash & Cash Equivalents	5	51	11	30	34	20
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	6	2	6	4	7	6
+ Accounts Receivable, Net	5	2	5	4	5	4
+ Notes Receivable, Net	1	- -	1	- -	- -	1
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	2	1
+ Inventories	7	7	11	9	14	26
+ Raw Materials	4	1	3	1	3	7
+ Work In Process	2	3	4	3	5	14
+ Finished Goods	1	2	4	4	7	5
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	9	11	7	11	16
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	51	219	312	255	244	251
+ Property, Plant & Equip, Net	30	199	228	193	223	235
+ Property, Plant & Equip	35	208	248	227	270	294
- Accumulated Depreciation	5	9	20	34	47	59
+ LT Investments & Receivables	11	7	4	2	2	- -
+ LT Investments	11	7	4	2	2	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	11	13	80	59	19	16
+ Total Intangible Assets	10	11	74	21	14	12
+ Goodwill	5	5	38	- -	- -	- -
+ Other Intangible Assets	5	6	36	21	14	12
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	2	6	38	5	5
Total Assets	70	288	351	304	311	319
+ Payables & Accruals	11	17	38	43	36	36
+ Accounts Payable	3	4	6	6	9	14
+ Accrued Taxes	6	5	9	11	6	2
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3	7	23	27	21	20
+ ST Debt	1	- -	1	9	10	2
+ ST Borrowings	1	- -	- -	8	8	- -
+ ST Finance Leases	- -	- -	1	2	2	2
+ Other ST Liabilities	7	38	15	35	20	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	7	38	15	35	20	- -
Total Current Liabilities	20	55	54	87	66	38
+ LT Debt	21	48	73	66	59	73
+ LT Borrowings	19	45	63	57	51	69
+ LT Finance Leases	2	3	10	9	9	4
+ Other LT Liabilities	2	3	3	5	21	111
+ Accrued Liabilities	1	1	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	1	1	3	5	21	111
Total Noncurrent Liabilities	24	50	75	71	80	183
Total Liabilities	43	106	129	159	146	221
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	43	242	262	281	307	294
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	43	242	262	281	307	294
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-17	-60	-93	-191	-190	-220
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	26	182	169	90	116	74
+ Minority/Non Controlling Interest	- -	- -	52	55	48	23
Total Equity	26	182	221	145	164	97
Total Liabilities & Equity	70	288	351	304	311	319
Shares Outstanding	22	57	68	71	77	82
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	3	3	11	11	11	6
Net Debt	15	-6	52	35	24	49
Net Debt to Equity	57.62	-3.41	23.3	23.78	14.8	50.27
Tangible Common Equity Ratio	27.22	61.87	53.24	43.89	50.58	27.86
Current Ratio	0.94	1.24	0.72	0.56	0.99	1.78
Cash Conversion Cycle	- -	46.68	37.77	28.07	25.23	45.06

Cash Flow Statement (USD)

MCP API Chat

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-17	-43	-33	-98	1	-29
+ Depreciation & Amortization	3	5	12	15	15	16
+ Non-Cash Items	9	18	-16	93	9	22
+ Stock-Based Compensation	3	9	13	8	13	13
+ Deferred Income Taxes	1	- -	-12	2	- -	- -
+ Asset Impairment Charge	- -	4	7	54	7	4
+ Other Non-Cash Adj	5	5	-24	30	-11	4
+ Chg in Non-Cash Work Cap	-3	- -	-4	14	4	2
+ (Inc) Dec in Accts Receiv	-4	3	-2	- -	-3	1
+ (Inc) Dec in Inventories	-4	1	-1	2	-5	-12
+ (Inc) Dec in Prepaid Assets	-1	-3	-2	4	-4	-2
+ Inc (Dec) in Accts Payable	6	2	2	6	3	3
+ Inc (Dec) in Other	-1	-2	-3	2	14	13
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-8	-20	-41	23	28	11
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-4	-108	-28	-12	-10	-27
+ Acq of Fixed Prod Assets	-4	-108	-28	-12	-10	-27
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	126	- -	- -	- -	2
+ Increase in Capital Stock	- -	126	- -	- -	- -	2
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-3	-1	2	- -	- -	- -
+ Cash from Divestitures	- -	- -	3	- -	- -	- -
+ Cash for Acq of Subs	-3	-1	-1	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-1	-2	-4	- -	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-8	-112	-29	-13	-10	-28
+ Dividends Paid	- -	-2	-4	-6	-8	-8
+ Net Cash From Debt	17	57	- -	-1	-8	8
+ Cash From Debt	18	58	9	- -	- -	52
+ Repayments of Debt	-1	-1	-10	-1	-8	-44
+ Other Financing Activities	- -	- -	34	15	2	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	17	181	30	8	-14	3
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	50	-40	18	4	-14
EBITDA	-3	-31	-38	18	27	1
EBITDA Margin (%)	-7.1	-48.41	-45.06	11.14	13.48	0.62
Free Cash Flow	-12	-129	-69	11	18	-16
Net Cash Paid for Acquisitions	3	1	-2	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	19	- -
Free Cash Flow to Equity	- -	-73	-89	-8	-6	-23
Free Cash Flow per Basic Share	-0.54	-3.2	-1.07	0.15	0.24	-0.19
Price/Free Cash Flow	-55.77	1.75	-9.42	9.44	11.53	18.73
Cash Flow to Net Income	0.46	0.47	1.24	-0.24	54.71	-0.39
Capital Expenditures	-4	-108	-28	-12	-10	-27