GLASF - Glass House Brands Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$12.00
DETAILS
HIGH:
$12.00
LOW:
$12.00
MEDIAN:
$12.00
CONSENSUS:
$12.00
UPSIDE:
11.21%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 185.2 | 200.9 | 160.8 | 90.9 | 69.4 | 48.3 | 16.9 | 9.0 |
| Cost of Revenue | 122.9 | 103.5 | 79.9 | 69.4 | 53.4 | 29.5 | 8.5 | 3.7 |
| Gross Profit | 62.3 | 97.4 | 81.0 | 21.5 | 16.0 | 18.7 | 8.5 | 5.2 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 75.8 | 70.3 | 63.1 | 59.1 | 46.4 | 22.2 | 0.3 | 5.2 |
| Other Expenses | 1.3 | 21.3 | 67.4 | 12.3 | 4.8 | 2.6 | 0 | 0 |
| Operating Expenses | 77.2 | 91.7 | 130.5 | 71.4 | 51.2 | 24.7 | 0.3 | 5.9 |
| Operating Income | ||||||||
| Operating Income | (14.9) | 5.7 | (49.5) | (49.9) | (35.1) | (6.0) | (0.3) | (0.7) |
| Interest Expense | 7.2 | 9.2 | 9.8 | 7.6 | 2.7 | 2.2 | 0.2 | 0 |
| Interest Income | 0 | 0 | 0.0 | 0.1 | 0.1 | 0.1 | 3.4 | 0.3 |
| Profitability | ||||||||
| EBITDA | 1.2 | 35.4 | (64.8) | (17.9) | (33.8) | (5.3) | 4.4 | 0.1 |
| EBIT | (14.9) | 20.4 | (79.7) | (29.7) | (38.6) | (8.1) | 2.9 | (0.7) |
| Income Before Tax | (17.3) | 11.2 | (88.1) | (30.9) | (41.1) | (10.2) | 2.9 | (1.0) |
| Income Tax Expense | 12.1 | 10.5 | 9.9 | 4.7 | 3.3 | 6.4 | 0 | 0.4 |
| Net Income | (30.2) | 0.5 | (98.3) | (35.6) | (44.4) | (16.7) | 2.9 | (1.5) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.56 | -0.21 | -1.62 | -0.55 | -1.13 | -0.78 | 0.12 | -0.07 |
| EPS (Diluted) | -0.56 | -0.21 | -1.62 | -0.55 | -1.10 | -0.78 | 0.12 | -0.06 |
| Shares Outstanding | 73.8 | 75.2 | 72.0 | 64.2 | 39.2 | 21.3 | 23.2 | 23.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 19.9 | 33.9 | 29.5 | 11.1 | 51.1 | 4.5 | 4.1 |
| Short-Term Investments | 0 | 0 | (0.0) | 0 | 0 | 0 | 0 |
| Net Receivables | 6.0 | 7.2 | 4.0 | 6.0 | 2.9 | 6.0 | 1.3 |
| Inventory | 26.2 | 14.2 | 8.8 | 12.1 | 6.6 | 6.9 | 1.4 |
| Other Current Assets | 15.7 | 10.8 | 3 | 4.3 | 3 | 0 | (1.2) |
| Total Current Assets | 67.7 | 66.1 | 49.2 | 41.5 | 69.1 | 18.5 | 4.3 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 234.7 | 223.0 | 226.5 | 227.6 | 198.9 | 29.7 | 27.1 |
| Goodwill | 0 | 0 | 0.0 | 21.8 | 4.9 | 4.8 | 2.7 |
| Intangible Assets | 11.6 | 14.2 | 21.2 | 48.7 | 5.6 | 5.3 | 1.6 |
| Long-Term Investments | 0 | 2.3 | 2.3 | 4.2 | 7.2 | 10.7 | 405.8 |
| Other Non-Current Assets | 4.6 | 4.9 | 4.5 | 3.7 | 0.9 | 0.5 | (31.4) |
| Total Non-Current Assets | 250.8 | 244.4 | 254.6 | 307.2 | 219.0 | 51.1 | 406.5 |
| Total Assets | 318.6 | 310.5 | 303.8 | 348.7 | 288.1 | 69.5 | 410.8 |
| Current Liabilities | |||||||
| Account Payables | 13.7 | 8.7 | 5.5 | 6.0 | 4.3 | 2.6 | 0.7 |
| Short-Term Debt | 0.0 | 7.6 | 7.6 | 0.0 | 0.0 | 0.6 | 4.0 |
| Deferred Revenue | 0 | 0 | (0.0) | 0 | 13.2 | 8.7 | (5.7) |
| Other Current Liabilities | 0 | 20.3 | 51.0 | 31.1 | 46.2 | 14.4 | 2.5 |
| Total Current Liabilities | 38.0 | 66.5 | 87.4 | 54.2 | 56.7 | 19.6 | 1.0 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 68.6 | 50.6 | 56.5 | 62.6 | 44.8 | 19.1 | 0.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 1.9 | 1.3 | 1.4 | (0.7) |
| Other Non-Current Liabilities | 125.9 | 20.9 | 5.4 | 4.3 | 1.4 | 0.8 | 400.3 |
| Total Non-Current Liabilities | 198.5 | 80.0 | 71.2 | 77.0 | 50.5 | 23.7 | 418.6 |
| Total Liabilities | 236.5 | 146.4 | 158.5 | 131.2 | 107.2 | 43.3 | 419.6 |
| Stockholders' Equity | |||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 35.0 |
| Retained Earnings | (220.1) | (190.4) | (190.9) | (96.4) | (60.8) | (16.7) | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 73.9 | 116.2 | 167.1 | 165.2 | 181.1 | 26.3 | (8.9) |
| Total Liabilities & Equity | 318.6 | 310.5 | 303.8 | 348.7 | 288.1 | 69.5 | 410.8 |
| Debt Metrics | |||||||
| Total Debt | 74.6 | 69.2 | 75.1 | 73.6 | 48.0 | 22.3 | 6.2 |
| Net Debt | 54.7 | 35.3 | 45.6 | 62.5 | (3.1) | 17.8 | 2.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (29.0) | 0.7 | (98.1) | (35.6) | (44.4) | (16.7) | 2.9 | (1.5) |
| Depreciation & Amortization | 15.8 | 15.0 | 16.7 | 12.3 | 4.8 | 2.6 | 1.5 | 0.8 |
| Stock-Based Compensation | 13.4 | 13.1 | 7.9 | 12.8 | 8.7 | 2.5 | 1.9 | 0.8 |
| Change in Working Capital | 2.5 | 4.0 | 7.6 | (3.8) | 1.2 | (2.6) | 0.9 | (1.2) |
| Other Non-Cash Items | 8.7 | (4.5) | 89.2 | (23.8) | 9.5 | 5.2 | 3.8 | 0.3 |
| Operating Cash Flow | 11.4 | 28.4 | 23.2 | (40.8) | (20.3) | (7.7) | 3.1 | (0.9) |
| Investing Activities | ||||||||
| Capital Expenditure | (27.2) | (10.3) | (12.3) | (27.8) | (108.5) | (3.9) | (5.7) | (12.7) |
| Acquisitions | 0 | 0 | 0 | 2.3 | (1.1) | (3.1) | (1.9) | 0 |
| Purchases of Investments | 0 | 0 | (0.2) | (0.5) | (0.8) | (3.1) | (415.2) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0.5 | 0.8 | 3.1 | 0 | 0 |
| Other Investing Activities | (0.6) | 0 | (0.2) | (3.7) | (1.9) | (0.8) | (8.2) | (2.1) |
| Investing Cash Flow | (27.7) | (10.3) | (12.7) | (29.2) | (111.5) | (7.7) | (415.2) | (14.8) |
| Financing Activities | ||||||||
| Net Debt Issuance | 8.2 | (8.0) | (0.9) | (0.5) | 57.3 | 17.3 | 0.8 | 9.4 |
| Stock Repurchased | (18.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (8.3) | (7.7) | (6.3) | (3.8) | (1.8) | 0 | (0.8) | (2.0) |
| Other Financing Activities | 18.2 | (0.0) | 15.1 | 3.1 | 125.9 | 0.0 | (6.7) | 16.4 |
| Financing Cash Flow | 2.7 | (13.7) | 7.9 | 30.1 | 181.3 | 17.3 | 416.4 | 23.9 |
| Cash Position | ||||||||
| Net Change in Cash | (13.6) | 4.4 | 18.4 | (39.9) | 49.5 | 1.9 | (9.6) | 8.1 |
| Cash at Beginning | 36.9 | 32.5 | 14.1 | 54.1 | 4.5 | 2.6 | 13.8 | 5.7 |
| Cash at End | 23.4 | 36.9 | 32.5 | 14.1 | 54.1 | 4.5 | 4.1 | 13.8 |
| Free Cash Flow | (15.7) | 18.1 | 10.9 | (68.6) | (128.8) | (11.5) | (2.6) | (13.6) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 185.2 | 200.9 | 160.8 | 90.9 | 69.4 | 48.3 | 16.9 | 9.0 |
| Gross Profit | 62.3 | 97.4 | 81.0 | 21.5 | 16.0 | 18.7 | 8.5 | 5.2 |
| Operating Income | (14.9) | 5.7 | (49.5) | (49.9) | (35.1) | (6.0) | (0.3) | (0.7) |
| Net Income | (30.2) | 0.5 | (98.3) | (35.6) | (44.4) | (16.7) | 2.9 | (1.5) |
| EPS (Diluted) | -0.56 | -0.21 | -1.62 | -0.55 | -1.10 | -0.78 | 0.12 | -0.06 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 19.9 | 33.9 | 29.5 | 11.1 | 51.1 | 4.5 | 4.1 | |
| Total Assets | 318.6 | 310.5 | 303.8 | 348.7 | 288.1 | 69.5 | 410.8 | |
| Total Debt | 74.6 | 69.2 | 75.1 | 73.6 | 48.0 | 22.3 | 6.2 | |
| Stockholders' Equity | 73.9 | 116.2 | 167.1 | 165.2 | 181.1 | 26.3 | (8.9) | |
| Cash Flow | ||||||||
| Operating Cash Flow | 11.4 | 28.4 | 23.2 | (40.8) | (20.3) | (7.7) | 3.1 | (0.9) |
| Capital Expenditure | (27.2) | (10.3) | (12.3) | (27.8) | (108.5) | (3.9) | (5.7) | (12.7) |
| Free Cash Flow | (15.7) | 18.1 | 10.9 | (68.6) | (128.8) | (11.5) | (2.6) | (13.6) |