GLAS Glass House Brands Inc. Subordinate Voting Shares
NYSE · View on SEC EDGAR ↗ 10-K/10-Q Mar 24, 2026
$2.25
· of 52w range
· above low
· to high
$1.6752w low
$13.2552w high
EPS
$-0.55
Revenue
$182M
your badges
52W Range
$2–$13
Analyst Rating
BUY
Price Target
$9
P/E
·
ROE
-31.2%
Net Profit Margin
-16.3%
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GLAS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.25
EPS
$-0.55
Revenue
$182M
ROE
-31.2%
Debt/Equity
0.9
52W Range
$2–$13
GLAS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$182M2020-12-31 → 2025-12-31
EPS$-0.552020-12-31 → 2025-12-31
Free Cash Flow$-16M2021-12-31 → 2025-12-31
Net margin-16.3%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | GLAS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 42.3%5Y avg ≈34.6% | ≈34.6% | · | · | |
| Operating Margin | -9.1%5Y avg ≈-30.8% | ≈-30.8% | · | · | |
| EBITDA Margin | -9.1%5Y avg ≈-30.8% | ≈-30.8% | · | · | |
| Pretax Margin | -9.3%5Y avg ≈-26.7% | ≈-26.7% | · | · | |
| Net Profit Margin | -16.3%5Y avg ≈-29.6% | ≈-29.6% | · | · | |
| ROA | -9.4%5Y avg ≈-11.1% | ≈-11.1% | · | · | |
| ROE | -31.2%5Y avg ≈-23.0% | ≈-23.0% | · | · | |
| ROIC | -19.7%5Y avg ≈-14.5% | ≈-14.5% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | GLAS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.95Y avg ≈0.5 | ≈0.5 | · | · | |
| Current Ratio | 1.85Y avg ≈1.2 | ≈1.2 | · | · | |
| Quick Ratio | 0.65Y avg ≈0.6 | ≈0.6 | · | · | |
| Long-Term Debt / Equity | 0.95Y avg ≈0.5 | ≈0.5 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | GLAS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.5 | ≈0.5 | · | · | |
| Inventory Turnover | 5.25Y avg ≈7.4 | ≈7.4 | · | · | |
| Receivables Turnover | 37.85Y avg ≈30.5 | ≈30.5 | · | · | |
| Revenue / Employee | ≈$509.8K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
36.8%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $-0.05 | $-0.08 | 36.7% | |
| March 31, 2026 | $-0.23 | $-0.19 | -24.1% | |
| Dec. 31, 2025 | $-0.23 | $-0.21 | -11.7% | |
| Sept. 30, 2025 | $-0.19 | $-0.18 | -5.4% | |
| June 30, 2025 | $0.05 | $-0.06 | 188.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $182M | $201M | $161M | $85M | $63M | $48M | |
| Cost of Revenue | $105M | $104M | $80M | $64M | $47M | $30M | |
| Gross Profit | $77M | $97M | $81M | $21M | $16M | $19M | |
| SG&A Expense | $64M | $60M | $53M | $46M | $34M | $19M | |
| Operating Expenses | $93M | $92M | $130M | $77M | $52M | $25M | |
| Operating Income | $-17M | $6M | $-50M | $-56M | $-36M | $-6M | |
| Interest Expense | · | · | · | $8M | $3M | $2M | |
| Other Non-op | $9M | $238.0K | $-2M | $252.8K | $-117.2K | · | |
| Pretax Income | $-17M | $11M | $-88M | $-37M | $-41M | $-10M | |
| Income Tax | $12M | $10M | $10M | $-4M | $2M | $6M | |
| Net Income | $-30M | $519.0K | $-98M | $-33M | $-43M | $-17M | |
| EPS (Basic) | $-0.55 | $-0.21 | $-1.62 | $-0.83 | $-1.11 | $-0.78 | |
| EPS (Diluted) | $-0.55 | $-0.21 | $-1.62 | $-0.83 | $-1.11 | $-0.78 | |
| Shares (Basic) | 81,935,989 | 75,229,075 | 72,028,902 | 64,182,436 | 40,280,639 | 21,265,601 | |
| Shares (Diluted) | 81,935,989 | 75,229,075 | 72,028,902 | 64,182,436 | 40,280,639 | 21,265,601 | |
| EBITDA | $-17M | $6M | · | $-56M | $-35M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $20M | $34M | $30M | $11M | $51M | $5M | |
| Receivables | $4M | $5M | $4M | $5M | $2M | $5M | |
| Inventory | $26M | $14M | $9M | $11M | $7M | $7M | |
| Prepaid Expense | $16M | $8M | $4M | $8M | $6M | $1M | |
| Current Assets | $68M | $66M | $49M | $39M | $69M | $18M | |
| PP&E (Net) | $229M | $212M | $216M | $216M | $196M | $27M | |
| PP&E (Gross) | $288M | $260M | $249M | $237M | $205M | $33M | |
| Accum. Depreciation | $59M | $47M | $34M | $20M | $9M | $5M | |
| Goodwill | · | $0 | $0 | $38M | $5M | $5M | |
| Intangibles | $12M | $14M | $21M | $36M | $6M | $5M | |
| Other Non-current Assets | $1M | $5M | $4M | $5M | $2M | $554.3K | |
| Total Assets | $319M | $311M | $304M | $351M | $288M | $70M | |
| Accounts Payable | $14M | $9M | $6M | $6M | $4M | $3M | |
| Accrued Liabilities | $18M | $14M | $13M | $13M | $3M | $1M | |
| Short-term Debt | $37.0K | $8M | $8M | $40.2K | $38.0K | $601.2K | |
| Current Liabilities | $38M | $66M | $87M | $54M | $55M | $20M | |
| Capital Leases | $3M | $7M | $8M | $10M | $3M | $2M | |
| Deferred Tax | · | · | · | · | $1M | $1M | |
| Other Non-current Liabilities | $33M | $21M | $5M | $3M | $1M | $849.4K | |
| Total Liabilities | $144M | $146M | $159M | $129M | $106M | $43M | |
| Long-term Debt | $69M | $58M | $64M | $63M | $45M | $16M | |
| Total Debt | $69M | $66M | · | $63M | $45M | · | |
| Retained Earnings | $-220M | $-190M | $-191M | $-93M | $-60M | $-17M | |
| Stockholders' Equity | $74M | $116M | $90M | $169M | $182M | $26M | |
| Liabilities + Equity | $319M | $311M | $304M | $351M | $288M | $70M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $15M | $14M | $14M | $11M | $5M | $2M | |
| Stock-based Comp | $13M | $13M | $8M | $13M | $9M | $3M | |
| Deferred Tax | $0 | $0 | $2M | $-12M | $-145.3K | $1M | |
| Amort. of Intangibles | $700.0K | $700.0K | $1M | $978.0K | $170.2K | $188.3K | |
| Operating Cash Flow | $11M | $28M | $23M | $-41M | $-20M | $-8M | |
| CapEx | $27M | $10M | $12M | $28M | $108M | $4M | |
| Investing Cash Flow | $-28M | $-10M | $-13M | $-29M | $-112M | $-8M | |
| Stock Issued | · | · | · | $303.7K | $126M | · | |
| Net Stock Activity | · | · | · | $303.7K | $126M | · | |
| Financing Cash Flow | $3M | $-14M | $8M | $30M | $181M | $17M | |
| Net Change in Cash | $-14M | $4M | $18M | $-40M | $50M | $2M | |
| Taxes Paid | $2M | $2M | $5M | $4M | $3M | $906.2K | |
| Free Cash Flow | $-16M | $18M | · | $-69M | $-129M | · | |
| Levered FCF | · | · | · | $-75M | $-132M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 42.3% | 48.5% | · | 24.4% | 23.1% | · | |
| Operating Margin | -9.1% | 2.9% | · | -66.4% | -50.6% | · | |
| Net Margin | -16.3% | 0.26% | · | -38.8% | -63.6% | · | |
| Pretax Margin | -9.3% | 5.6% | · | -44.0% | -59.1% | · | |
| EBITDA Margin | -9.1% | 2.9% | · | -66.4% | -50.6% | · | |
| ROA | -9.4% | 0.17% | · | -10.3% | -24.7% | · | |
| ROE | -31.2% | 0.50% | · | -18.8% | -42.6% | · | |
| ROIC | -19.7% | 0.20% | · | -21.5% | -16.8% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.0 | · | 0.7 | 1.2 | · | |
| Quick Ratio | 0.6 | 0.6 | · | 0.3 | 1.0 | · | |
| Debt / Equity | 0.9 | 0.6 | · | 0.4 | 0.2 | · | |
| LT Debt / Equity | 0.9 | 0.4 | · | 0.4 | 0.2 | · | |
| Interest Coverage | · | · | · | -7.4 | -12.8 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.7 | · | 0.3 | 0.4 | · | |
| Inventory Turnover | 5.2 | 9.0 | · | 7.3 | 7.9 | · | |
| Receivables Turnover | 37.8 | 43.7 | · | 23.4 | 17.3 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue / Share | $2.22 | $2.67 | · | $1.32 | $1.77 | · | |
| Cash Flow / Share | $0.14 | $0.38 | · | $-0.64 | $-0.52 | · | |
| EPS (TTM) | $-0.55 | $-0.21 | · | $-0.83 | $-1.11 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $182M | $201M | · | $85M | $63M | · | |
| Net Income TTM | $-30M | $519.0K | · | $-33M | $-43M | · |
Per Share
| Metric | Trend | Q4 2023 | Q4 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS (TTM) | $-1.62 | $-0.83 | $-1.11 |
Valuation (TTM)
| Metric | Trend | Q4 2023 | Q4 2022 | Q4 2021 |
|---|---|---|---|---|
| Revenue TTM | $161M | $85M | $63M | |
| Net Income TTM | $-98M | $-33M | $-43M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $182M | $201M | $161M | $85M | $63M |
| Gross Margin % | 42.3% | 48.5% | · | 24.4% | 23.1% |
| Operating Margin % | -9.1% | 2.9% | · | -66.4% | -50.6% |
| Net Income | $-30M | $519.0K | $-98M | $-33M | $-43M |
| Diluted EPS | $-0.55 | $-0.21 | $-1.62 | $-0.83 | $-1.11 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | 0.6 | · | 0.4 | 0.2 |
| Current Ratio | 1.8 | 1.0 | · | 0.7 | 1.2 |
| Quick Ratio | 0.6 | 0.6 | · | 0.3 | 1.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-16M | $18M | · | $-69M | $-129M |
Company insiders 1 insider · 1 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Tu | SVP, Corporate Controller | Sept. 16, 2026 M | 28,951 | 0 | 4 | $-353,762 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 2 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
GLAS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 11 analysts
BUY
Median target
$8.00
+255.6%
3 27.3%
Strong Buy
7 63.6%
Buy
1 9.1%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-26Mean target $9.00 +300.0%
← Below all targets
Current price $2.25
Low$7.00
Mean$9.00
High$12.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GLAS | · | · | · | -16.3% | -31.2% | 42.3% |
| NUS | · | 3.0 | -14.3% | 10.8% | 22.0% | 69.5% |
| NATR | $378M | 20.4 | 5.7% | 4.1% | 12.0% | 72.4% |
| NAGE | $507M | 31.8 | 29.9% | 13.4% | 24.7% | 64.3% |
| MED | $117M | -6.3 | -36.0% | -4.8% | -9.0% | 71.3% |
| FTLF | · | 25.8 | 26.4% | · | · | · |
| LFVN | $78M | 15.6 | -20.1% | 2.8% | 15.2% | 77.6% |
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Source: SEC 40-F filed Mar 24, 2026