Glass House Brands Inc.
GLAS NYSE· Medicinal Chemicals & Botanical Products
Last close · Oct 27, 2026
$2.34
KIRA · Stoqly’s AI analyst, in plain words
- Glass House Brands Inc. had $182M of revenue in fiscal 2025, down 9.4% on the year before. Over five years, revenue changed +30.4% a year on average.
- Its operating margin was −9.1%, down 11.9 pts: of every 100 in sales, about −9 is left after running the business.
- Glass House Brands Inc. lost $29.7M in fiscal 2025.
- Free cash flow was −$15.7M in fiscal 2025, −8.6% of revenue.
- Glass House Brands Inc. owes $45.3M more than it holds in cash.
Market cap
$192M
P/E
—
Revenue
$182M
Net income
−$29.7M
Free cash flow
−$15.7M
Operating margin
−9.1%
Glass House Brands Inc. in 30 seconds · fiscal 2025
Are sales growing?
−9.4%
No. Sales fell 9.4% last year.
Does it make a profit?
−16.3%
No. It lost money last year.
Does profit turn into cash?
−8.6%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Glass House Brands Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Mar 24, 2026
- Legal name
- Glass House Brands Inc.
- CIK
- 0001848731
Glass House Brands Inc. · GLAS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $63.2M | $84.9M | $161M | $201M | $182M |
| Revenue growth | 30.9% | 34.3% | 89.5% | 24.9% | −9.4% |
| Gross margin | 25.0% | 24.4% | 50.3% | 48.5% | 42.3% |
| Operating margin | −57.2% | −66.4% | −30.8% | 2.9% | −9.1% |
| Net income | −$43.1M | −$32.9M | −$98.3M | $0.5M | −$29.7M |
| Net margin | −68.2% | −38.8% | −61.1% | 0.3% | −16.3% |
| Diluted EPS | −$1.11 | −$0.83 | −$1.62 | −$0.21 | −$0.55 |
| Cash | |||||
| Cash from operations | −$20.3M | −$40.8M | $23.2M | $28.4M | $11.4M |
| Capital expenditure | $108M | $27.8M | $12.3M | $10.3M | $27.2M |
| Free cash flow | −$129M | −$68.6M | $10.9M | $18.1M | −$15.7M |
| FCF margin | −203.8% | −80.8% | 6.8% | 9.0% | −8.6% |
| Share count change | 89.4% | 59.3% | 12.2% | 4.4% | 8.9% |
| Debt and strength | |||||
| Cash and short-term investments | $54.1M | $14.1M | $32.5M | $36.9M | $23.4M |
| Debt incl. finance leases | $44.9M | $62.7M | $64.1M | $58.2M | $68.7M |
| Shareholders' equity | $182M | $169M | $89.8M | $116M | $73.9M |
| Net debt / EBITDA | — | — | — | 1.1x | — |
| Current ratio | 1.2x | 0.7x | 0.6x | 1.0x | 1.8x |
| Interest coverage | −13.2x | −7.4x | −5.0x | 0.6x | −2.3x |
| Returns and quality | |||||
| Return on capital | −16.5% | −20.5% | −32.3% | 2.7% | −11.0% |
| Return on equity | −41.4% | −18.7% | −76.0% | 0.5% | −31.2% |
| Return on tangible equity | −26.2% | −55.9% | −170.3% | −15.1% | −72.3% |
| Piotroski F-score | 4 | 2 | 4 | 7 | 3 |
| Altman Z'' | 0.6 | −0.9 | −3.4 | −1.0 | −1.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.4M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Glass House Brands Inc. · GLAS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.34 a share, the company is worth $192M.
Source: SEC EDGAR XBRL filings (CIK 0001848731). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.