Glass House Brands Inc. logo GLASF - Glass House Brands Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
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| PRICE TARGET: $12.00 DETAILS
HIGH: $12.00
LOW: $12.00
MEDIAN: $12.00
CONSENSUS: $12.00
UPSIDE: 18.23%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 40.0 39.5 38.4 59.9 44.8 53.0 63.8 53.9 30.0 41.5 48.2 44.7 29.0 32.2 28.3 16.5 14.0 18.4 17.2 18.7 15.2 16.9 13.3 11.6 6.4
Cost of Revenue 34.0 30.1 26.7 27.9 24.8 30.3 30.4 29.0 21.2 26.7 22.2 20.3 17.1 22.0 19.5 16.2 11.6 18.7 14.8 10.1 9.8 10.1 8.4 6.0 5.0
Gross Profit 5.9 9.3 11.8 31.9 20.1 22.8 33.4 24.9 8.8 14.9 26.0 24.4 12.0 10.2 8.7 0.3 2.3 (0.4) 2.3 8.6 5.4 6.8 4.9 5.5 1.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 20.1 21.9 19.1 17.4 17.4 16.8 15.9 19.9 17.6 16.3 17.4 16.3 13.5 16.6 15.2 14.4 12.9 16.8 11.1 8.8 9.7 6.1 5.4 5.5 5.1
Other Expenses 0 0.3 4.0 3.9 5.7 3.9 10.0 0 0 0 (0.5) (20.2) 3.8 3.4 3.4 2.8 2.6 0.7 3.1 0.0 (0.0) 0.2 0.0 0.0 0.0
Operating Expenses 20.1 22.2 23.1 21.3 23.2 20.7 26.0 19.9 17.6 16.3 21.1 19.8 17.4 20.1 18.6 17.3 15.5 19.3 11.9 9.6 10.4 6.9 6.1 6.2 5.6
Operating Income
Operating Income (14.2) (12.9) (11.4) 10.6 (3.1) 2.1 7.5 5.0 (8.8) (1.4) 4.9 3.2 (5.4) (9.8) 21.9 (17.0) (13.1) (19.7) (9.5) (1.0) (5.0) (0.1) (1.1) (0.6) (4.2)
Interest Expense 1.3 1.1 1.8 1.9 2.3 2.1 2.3 2.6 2.2 0 2.2 2.5 2.1 2.2 2.7 1.6 1.2 0.5 0.0 1.2 1.0 0.8 0.6 0.5 0.4
Interest Income 0 0 0 0 0.3 0 0 0 0 3.0 0.0 0.0 0.0 0.1 0.0 0.0 0 0.0 0.0 0.0 0.0 0 0.0 0.1 0.1
Profitability
EBITDA (10.0) (8.8) (5.3) 19.5 (1.0) 18.7 11.7 8.8 (11.5) (36.7) 12.1 (13.7) (26.5) (9.4) 23.7 (8.0) (17.6) (17.4) (6.1) (0.3) (9.6) 0.2 (0.9) (1.2) (3.7)
EBIT (14.2) (12.9) (9.3) 15.6 (4.8) 14.8 8.0 5.0 (15.2) (40.4) 8.4 (17.3) (30.3) (12.8) 20.5 (10.8) (20.2) (20.0) (6.9) (1.0) (10.4) (0.5) (1.6) (1.8) (4.2)
Income Before Tax (13.8) (12.7) (11.1) 13.7 (7.1) 12.7 5.7 10.2 (17.4) (43.5) 6.3 (19.7) (36.4) (15.0) 17.8 (12.5) (21.2) (20.5) (7.0) (2.2) (11.4) (1.2) (2.2) (2.3) (4.6)
Income Tax Expense 3.0 3.0 1.1 5.0 2.9 0.5 8.9 0.2 0.8 (4.3) 6.5 5.2 2.4 1.7 2.6 1.7 (1.4) (1.7) 0.8 2.5 1.8 2.9 1.6 1.4 0.6
Net Income (16.9) (16.2) (12.3) 8.7 (10.1) 12.1 (3.2) 10.0 (18.2) (39.3) (0.3) (25.0) (38.8) (16.7) 15.2 (14.2) (19.8) (18.6) (7.7) (4.7) (13.2) (4.1) (3.8) (3.7) (5.1)
Per Share Data
EPS (Basic) -0.23 -0.23 -0.19 0.05 -0.18 0.10 -0.09 0.08 -0.25 -0.54 -0.00 -0.35 -0.54 -0.26 0.25 -0.24 -0.35 -0.30 -0.15 -0.19 -0.55 -0.17 -0.16 -0.16 -0.22
EPS (Diluted) -0.23 -0.23 -0.19 0.05 -0.18 0.10 -0.09 0.08 -0.25 -0.54 -0.00 -0.35 -0.54 -0.26 0.22 -0.24 -0.35 -0.30 -0.15 -0.19 -0.55 -0.17 -0.16 -0.15 -0.21
Shares Outstanding 87.1 73.8 82.6 81.1 81.1 76.6 76.0 73.8 73.2 73.1 72.0 71.1 72.5 64.2 68.6 59.4 57.2 61.2 50.7 24.3 24.0 23.2 23.2 23.2 23.2
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q1
Current Assets
Cash & Cash Equivalents 24.5 19.8 26.3 40.7 34.6 33.9 32.1 22.9 24.4 32.4 34.9 19.7 13.4 11.1 14.5 14.5 21.8 51.1 28.9 134.3 11.6 4.5 (2.6)
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5.3
Net Receivables 7.2 6.0 8.0 10.8 8.6 7.2 9.2 7.7 3.0 4.0 4.2 3.6 2.5 4.8 7.3 3.7 2.5 2.9 2.7 2.5 3.6 5.1 0
Inventory 31.6 26.2 19.4 19.7 15.7 14.2 16.8 14.5 11.2 8.8 12.8 16.7 14.7 12.1 12.7 12.3 7.6 6.6 11.4 11.6 8.8 6.9 0
Other Current Assets 11.2 15.6 20.7 15.4 9.6 10.8 9.3 3 3.5 3 3 3 4.3 4.3 3.6 9.1 3 3 0 0 3.0 0.9 0
Total Current Assets 74.6 67.6 74.3 86.5 68.5 66.1 67.3 52.5 42.0 49.0 59.7 47.3 40.7 41.5 45.3 44.7 42.6 69.1 50.5 154.0 28.4 18.5 2.6
Non-Current Assets
Property, Plant & Equipment 236.2 234.2 228.9 230.0 223.0 223.0 223.8 225.9 225.1 225.4 224.0 223.3 225.0 227.6 226.1 216.3 209.1 198.9 189.9 30.9 30.9 29.7 0
Goodwill 0 0 0 0 0 0 0 0 (0.0) 0 23.0 17.2 17.2 21.8 21.4 10.4 4.9 4.9 4.9 4.9 4.9 4.8 0
Intangible Assets 11.7 11.6 11.8 11.9 12.1 14.2 14.4 20.9 21.0 21.2 29.3 29.6 29.8 48.7 47.2 24.5 5.6 5.6 4.9 5.0 5.0 5.3 0
Long-Term Investments 3.5 3.5 4.1 0.2 2.4 2.3 2.3 2.3 2.3 2.3 2.1 2.0 2.0 4.2 4.5 6.9 6.9 7.2 8.2 8.6 8.9 10.7 0
Other Non-Current Assets 0.4 1.1 0.7 6.0 5.6 4.9 4.9 4.4 4.5 4.3 3.5 3.6 3.7 3.7 3.7 3.6 3.3 0.9 0.2 0.1 0.1 0.6 (2.6)
Total Non-Current Assets 251.8 250.4 245.5 248.1 243.0 244.4 245.4 253.4 252.9 262.2 281.9 277.3 278.9 307.2 303.6 262.5 230.6 219.0 208.1 49.5 50.2 51.1 (2.6)
Total Assets 326.4 318.0 319.8 334.6 311.6 310.5 312.7 305.8 294.9 311.2 341.6 324.6 319.6 348.7 348.9 307.2 273.1 288.1 258.6 203.5 78.5 69.5 0
Current Liabilities
Account Payables 13.0 35.9 4.6 8.6 7.6 8.7 7.1 10.6 29.8 5.5 6.7 10.0 8.9 6.0 8.5 5.1 2.8 4.3 2.8 5.4 5.3 2.6 0
Short-Term Debt 2.1 2.0 0.0 2.1 2.3 7.6 7.6 7.6 7.6 7.6 0.0 0.0 0.0 0.0 0.1 9.5 0.0 0.0 0.0 0.0 12.0 0.6 0
Deferred Revenue 0 0 0 0 0 0 0 (0.0) 8.2 7.8 50.3 41.3 0 0 0 0 0 13.2 18.0 16.9 10.8 8.7 0
Other Current Liabilities 22.1 0 0 (2.1) (2.3) 20.3 32.2 46.7 40.9 58.8 57.9 56.0 37.2 31.1 32.2 53.9 53.1 46.2 51.7 19.4 13.3 12.1 0
Total Current Liabilities 40.3 37.9 33.2 43.4 38.0 66.5 82.2 89.9 96.9 86.9 87.6 85.6 63.1 54.2 56.5 75.9 60.8 56.7 60.3 30.2 35.1 19.6 0
Non-Current Liabilities
Long-Term Debt 68.0 68.5 68.8 65.8 65.8 50.6 52.2 53.7 54.9 56.2 63.9 63.6 62.9 62.6 62.4 61.9 45.1 44.8 0.2 0.2 20.3 19.1 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 8.9 3.8 0 0 1.9 0 0 0 1.3 1.1 1.1 0 1.4 0
Other Non-Current Liabilities 36.2 33.4 109.1 28.2 25.3 20.9 20.2 6.6 5.9 14.4 5.8 5.0 4.7 4.3 1.8 1.6 1.5 1.4 1.4 1.2 2.5 0.8 0
Total Non-Current Liabilities 108.1 105.8 182.3 98.9 99.1 80.0 80.8 69.2 69.8 79.8 83.0 79.5 77.3 77.0 73.4 66.6 49.4 50.5 5.4 5.1 25.3 23.7 0
Total Liabilities 148.4 143.7 215.6 142.2 137.0 146.4 163.0 159.1 166.7 166.7 170.6 165.1 140.4 131.2 129.9 142.5 110.2 107.2 65.7 35.3 60.4 43.3 0
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0
Retained Earnings (238.0) (219.7) (204.1) (191.8) (200.5) (190.4) (202.5) (199.3) (209.1) (190.0) (160.4) (160.1) (135.1) (96.4) (79.6) (94.8) (80.6) (60.8) (42.3) (34.5) (29.8) (16.7) 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35.0
Total Stockholders' Equity 169.9 166.1 81.4 145.5 128.6 116.2 100.0 95.1 154.6 167.1 116.0 109.8 128.1 165.2 173.4 162.9 163.2 181.1 192.9 168.1 18.1 26.3 38.6
Total Liabilities & Equity 326.4 318.0 319.8 334.6 311.6 310.5 312.7 305.8 294.9 311.2 341.6 324.6 319.6 348.7 348.9 307.2 273.1 288.1 258.6 203.5 78.5 69.5 38.6
Debt Metrics
Total Debt 74.0 74.4 75.3 72.8 76.1 69.2 70.5 72.1 73.2 74.7 75.3 76.0 73.6 73.6 72.8 75.0 48.2 48.0 3.2 2.9 35.0 22.3 0
Net Debt 49.5 54.6 49.0 32.0 41.5 35.3 38.5 49.2 48.8 42.4 40.4 56.4 60.2 62.5 58.3 60.6 26.4 (3.1) (25.6) (131.3) 23.4 17.8 2.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (16.9) (15.7) (12.2) 8.7 (10.0) 12.2 (3.2) 10.0 (18.2) (39.3) (0.2) (24.9) (38.8) (16.7) 15.2 (14.2) (19.8) (18.8) (7.7) (4.7) (13.2) (4.1) (3.8) (3.7) (5.1)
Depreciation & Amortization 4.2 4.1 4.0 3.9 3.8 3.8 3.7 3.7 3.7 3.6 3.7 3.6 3.8 3.4 3.4 2.8 2.6 2.5 0.8 0.7 0.7 0.7 0.7 0.6 0.5
Stock-Based Compensation 0 0 4.1 2.9 2.1 3.3 2.9 3.6 3.3 2.1 2.6 1.5 1.6 3.8 2.8 3.5 2.7 3.2 3.1 0.8 1.6 0.6 0.6 0.8 0.6
Change in Working Capital (1.4) 1.6 (2.4) 1.2 2.2 0.4 3.1 (1.9) 2.4 (6.8) 6.2 5.8 8.5 (2.7) (0.8) 5.7 (6.1) 0.5 (3.6) 0.9 3.4 (0.8) (0.5) 0.7 (2.1)
Other Non-Cash Items 2.5 6.3 1.4 1.0 4.4 (11.4) 6.6 (6.7) 16.2 44.1 (3.0) 22.7 29.1 3.5 (28.9) (5.6) 7.2 4.0 (2.5) 1.5 6.5 1.4 1.4 1.7 0.7
Operating Cash Flow (11.6) (3.8) (5.1) 17.7 2.5 8.2 13.2 8.8 (1.9) 1.5 9.1 8.3 4.5 (9.3) (8.2) (7.8) (15.5) (8.4) (10.0) (1.0) (0.9) (1.0) (1.6) 0.1 (5.2)
Investing Activities
Capital Expenditure (3.5) (2.4) (8.6) (9.5) (6.7) (2.6) (1.4) (3.9) (2.4) (6.2) (4.9) (0.2) (1.1) (4.1) (3.2) (7.6) (12.9) (11.3) (95.4) (0.6) (1.2) (0.5) (0.9) (1.3) (1.1)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) 0.2 2.3 (0.1) (0.8) (0.0) (0.3) (0.3) (3.0) 0 0 (0.1)
Purchases of Investments 0 0 0 0 0 0 0 0 0 (0.2) 0 0 0 (0.1) (0.3) (0.0) (0.1) (0.1) (0.2) (0.1) (0.3) 0 (0.4) (1.2) (1.0)
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.3 0 0 0 0 (1.9) 1.9 0 0 0 0.1
Other Investing Activities 0.8 0.2 (1.0) 0.2 0 0 0 0 0 (0.0) 0.1 (0.2) (0.0) (0.7) 3.0 (6.1) (0.1) (1.6) 0.1 0.2 0.1 2.7 0.0 0.1 (1.1)
Investing Cash Flow (2.7) (2.2) (9.6) (9.3) (6.7) (2.6) (1.4) (3.9) (2.4) (6.4) (4.9) (0.4) (1.1) (4.9) (0.0) (11.3) (13.0) (13.7) (95.5) (0.5) (1.7) (0.7) (1.3) (2.4) (3.3)
Financing Activities
Net Debt Issuance (0.2) 0.5 2.2 (0.2) 6.8 (2.0) (2.1) (2.0) (2.0) 0 (0.1) (0.1) 0.0 0.2 0 9.4 (0.0) 47.7 (0.0) (0.2) 9.7 4.0 2.4 1.4 9.5
Stock Repurchased 0 0 (18.6) 0 0 0 0 0 0 0 (12.7) 0.0 (0.3) 0 (18.1) 0 0 0 0 0 0 0 0 0 0
Dividends Paid (2.8) (2.5) (1.9) (1.9) (1.9) (1.9) (1.9) (1.9) (1.9) (2.0) (1.6) (1.4) (1.4) (1.1) (1.1) (0.9) (0.9) (0.9) (0.9) (0.0) 0 0 0 (0.0) (0.0)
Other Financing Activities (0.5) (34.4) (0.2) (0.0) 0.0 (0.0) (0.0) 0.4 0.1 (0.9) (0.0) (0.0) 0.3 3.1 (10.0) 3.2 0.1 0 (1.6) 124.4 0 0.0 0.0 0 0
Financing Cash Flow 18.8 (0.6) 0.2 (1.9) 4.9 (3.8) (2.6) (3.5) (3.8) (0.5) 11.0 (1.5) (1.1) 10.8 8.3 11.7 (0.8) 47.3 0.1 124.2 9.7 4.0 2.5 1.4 9.5
Cash Position
Net Change in Cash 4.7 (6.4) (14.4) 6.6 0.7 1.9 9.2 1.5 (8.0) (5.4) 15.2 6.3 2.2 (3.4) 0.1 (7.4) (29.2) 25.2 (105.4) 122.7 7.1 2.3 (0.4) (0.9) 0.9
Cash at Beginning 19.8 26.2 44.2 37.6 36.9 35.1 25.9 24.4 32.4 37.7 22.7 16.4 14.1 17.5 17.5 24.8 54.1 28.9 134.3 11.6 4.5 2.3 2.7 3.6 2.6
Cash at End 24.5 19.8 29.8 44.2 37.6 36.9 35.1 25.9 24.4 32.4 37.9 22.7 16.4 14.1 17.5 17.5 24.8 54.1 28.9 134.3 11.6 4.5 2.3 2.7 3.6
Free Cash Flow (15.1) (6.2) (13.7) 8.3 (4.2) 5.6 11.8 4.9 (4.3) (4.7) 4.1 8.1 3.4 (13.4) (11.4) (15.4) (28.4) (19.7) (105.4) (1.6) (2.1) (1.4) (2.5) (1.2) (6.4)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 40.0 39.5 38.4 59.9 44.8 53.0 63.8 53.9 30.0 41.5 48.2 44.7 29.0 32.2 28.3 16.5 14.0 18.4 17.2 18.7 15.2 16.9 13.3 11.6 6.4
Gross Profit 5.9 9.3 11.8 31.9 20.1 22.8 33.4 24.9 8.8 14.9 26.0 24.4 12.0 10.2 8.7 0.3 2.3 (0.4) 2.3 8.6 5.4 6.8 4.9 5.5 1.5
Operating Income (14.2) (12.9) (11.4) 10.6 (3.1) 2.1 7.5 5.0 (8.8) (1.4) 4.9 3.2 (5.4) (9.8) 21.9 (17.0) (13.1) (19.7) (9.5) (1.0) (5.0) (0.1) (1.1) (0.6) (4.2)
Net Income (16.9) (16.2) (12.3) 8.7 (10.1) 12.1 (3.2) 10.0 (18.2) (39.3) (0.3) (25.0) (38.8) (16.7) 15.2 (14.2) (19.8) (18.6) (7.7) (4.7) (13.2) (4.1) (3.8) (3.7) (5.1)
EPS (Diluted) -0.23 -0.23 -0.19 0.05 -0.18 0.10 -0.09 0.08 -0.25 -0.54 -0.00 -0.35 -0.54 -0.26 0.22 -0.24 -0.35 -0.30 -0.15 -0.19 -0.55 -0.17 -0.16 -0.15 -0.21
Balance Sheet
Cash & Equivalents 24.5 19.8 26.3 40.7 34.6 33.9 32.1 22.9 24.4 32.4 34.9 19.7 13.4 11.1 14.5 14.5 21.8 51.1 28.9 134.3 11.6 4.5 (2.6)
Total Assets 326.4 318.0 319.8 334.6 311.6 310.5 312.7 305.8 294.9 311.2 341.6 324.6 319.6 348.7 348.9 307.2 273.1 288.1 258.6 203.5 78.5 69.5 0
Total Debt 74.0 74.4 75.3 72.8 76.1 69.2 70.5 72.1 73.2 74.7 75.3 76.0 73.6 73.6 72.8 75.0 48.2 48.0 3.2 2.9 35.0 22.3 0
Stockholders' Equity 169.9 166.1 81.4 145.5 128.6 116.2 100.0 95.1 154.6 167.1 116.0 109.8 128.1 165.2 173.4 162.9 163.2 181.1 192.9 168.1 18.1 26.3 38.6
Cash Flow
Operating Cash Flow (11.6) (3.8) (5.1) 17.7 2.5 8.2 13.2 8.8 (1.9) 1.5 9.1 8.3 4.5 (9.3) (8.2) (7.8) (15.5) (8.4) (10.0) (1.0) (0.9) (1.0) (1.6) 0.1 (5.2)
Capital Expenditure (3.5) (2.4) (8.6) (9.5) (6.7) (2.6) (1.4) (3.9) (2.4) (6.2) (4.9) (0.2) (1.1) (4.1) (3.2) (7.6) (12.9) (11.3) (95.4) (0.6) (1.2) (0.5) (0.9) (1.3) (1.1)
Free Cash Flow (15.1) (6.2) (13.7) 8.3 (4.2) 5.6 11.8 4.9 (4.3) (4.7) 4.1 8.1 3.4 (13.4) (11.4) (15.4) (28.4) (19.7) (105.4) (1.6) (2.1) (1.4) (2.5) (1.2) (6.4)