Glass House Brands Inc. GLAS
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $181.98M, -9.4% YoY · Filed Mar 24, 2026
Glass House Brands Inc. (GLAS) files with the SEC under industry code 2833, Medicinal Chemicals & Botanical Products. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $182.0 million and a net loss of $29.7 million. Free cash flow was -$15.7 million. As of Dec 31, 2025 it held $19.9 million in cash and investments and $74.6 million in total debt.
Revenue
$181.98M
-9.4% vs prior year
Net income
$-29.66M
-5814.6% vs prior year
Operating cash flow
$11.45M
-59.7% vs prior year
Free cash flow
$-15.73M
-186.9% vs prior year
EPS
$-0.55
-161.9% vs prior year
Dividend per share
None
Shares outstanding
—
Net cash
$-54.72M
FY 2025
Operating margin
-9.1%
FY 2025
Company profile
- Industry
- Medicinal Chemicals & Botanical Products (SIC 2833)
- Listed as
- GLAS (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- British Columbia, Canada
- Headquarters
- Long Beach, CA
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1848731
- Former names
- Mercer Park Brand Acquisition Corp. (until Mar 30, 2021)
Other Medicinal Chemicals & Botanical Products companies
- Definium Therapeutics, Inc. DFTX
- Regencell Bioscience Holdings Ltd RGC
- Curaleaf Holdings, Inc. CURLF
- Trulieve Cannabis Corp. TRLV
- Cronos Group Inc. CRON
- TFA Therapeutics, Inc. RAJAF
- Tilray Brands, Inc. TLRY
- SNDL Inc. SNDL
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $182.0M | $200.9M | $160.8M | $84.9M | $63.2M |
| Operating income | -$16.5M | $5.7M | -$49.5M | -$56.4M | -$36.2M |
| Net income | -$29.7M | $519,000 | -$98.3M | -$32.9M | -$43.1M |
| Diluted EPS | -$0.55 | -$0.21 | -$1.62 | -$0.83 | -$1.11 |
| Operating cash flow | $11.4M | $28.4M | $23.2M | -$40.8M | -$20.3M |
| Free cash flow | -$15.7M | $18.1M | $10.9M | -$68.6M | -$128.8M |
| Total assets | $318.6M | $310.5M | $303.8M | $350.6M | $287.6M |
| Total liabilities | $144.0M | $146.4M | $158.5M | $129.5M | $105.6M |
| Stockholders' equity | $73.9M | $116.2M | $89.8M | $168.9M | $182.1M |
| Cash and investments | $19.9M | $36.3M | $31.9M | $15.4M | $58.3M |
| Total debt | $74.6M | $69.2M | $75.1M | $73.9M | $48.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Oct 26, 2026 | Oct 26, 2026 |
| 6-K | Current report (foreign issuer) | Oct 19, 2026 | Oct 19, 2026 |
| 6-K | Current report (foreign issuer) | Oct 9, 2026 | Oct 9, 2026 |
| 6-K | Current report (foreign issuer) | Sep 29, 2026 | Sep 29, 2026 |
| 6-K | Current report (foreign issuer) | Sep 11, 2026 | Sep 11, 2026 |
| 6-K | Current report (foreign issuer) | Aug 14, 2026 | Jun 30, 2026 |
All 194 Glass House Brands Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.