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Glass House Brands Inc. (GLAS) stock

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NYSE: GLAS NYSE Agricultural Products & Services Next results ~November 11, 2026

Glass House Brands Inc. is a US-listed company in the agricultural products & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Glass House Brands Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 4 sales by directors and officers, last 12 monthsInsider trades
  • Funds51 adding, 1 cuttingOf 6 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Glass House Brands files

Where Glass House Brands stands after its latest Filing

Revenue for the twelve months was $182m, down 9.4% on a year earlier, against growth of 24.9% a quarter earlier. Free-cash-flow margin rose to -8.6% from -203.8% a year earlier. Operating margin widened to -9.1% from -57.2%. The diluted share count is up 8.9% on a year earlier, which dilutes existing holders. It passes 1 of our 7 financial-health checks.

Our model value for Glass House Brands is under review, so past values are not shown until it is resolved.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

Glass House Brands Inc.'s trailing-twelve-month revenue fell 9.4% year on year, with a free-cash-flow margin of -8.6%.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -9.4% (-34.3pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Glass House Brands Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 9.4% over the last 12 months.
  • Growth slowing. The growth rate is 34.3 points lower than a quarter earlier.
  • Loss-making. Operating margin is -9.1%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 11.9 points on a year ago.
  • Burning cash. Free cash flow was -8.6% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 8.9% in a year.

Latest results

Earnings per share
-$0.02 against an average estimate of -$0.07: beat by 67.5%
Next report
November 11, 2026; average EPS estimate -$0.10

Glass House Brands' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+8.3%
  • 1 week+10.3%
  • 1 month-57.0%
  • This year-73.3%
  • 1 year-66.3%
  • 5 years-51.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$182M
Operating margin
-9.1%
Net margin
-16.3%
EPS (TTM, diluted)
$-0.36

Growth

Revenue growth
−9.4%
Change in growth rate
−34.3 pts
Share count change
+8.9%

Cash

Free cash flow (TTM)
-$15.7M
FCF margin
-8.6%
Stock pay % of revenue
7.4%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for GLAS from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Glass House Brands Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025
Share price$10.09$3.83$1.91$4.73$5.80$8.85
Market value$429m$154m$123m$341m$436m$725m
+ Net debt (− = net cash)$19m−$4m$52m$39m$29m$46m
Enterprise value$448m$151m$175m$380m$465m$771m
Multiples
Price / sales 8.9x2.4x1.4x2.1x2.2x4.0x
Price / earnings ————n/m—
Price / free cash flow ———31.2x24.1x—
EV / EBITDA ————23.2x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 11, 2026, after the close. Analysts expect revenue of $62m and EPS of −$0.10 (range −$0.10 to −$0.10) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.50 −125% $195m +7%
Next −$0.06 +88% $235m +21%

Next year's EPS estimate has moved −122.6% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +300.0% on 90 days ago. In the last 30 days, 0 analysts raised Glass House Brands Inc.'s forecast and 1 cut it.

Consensus EPS forecast Glass House Brands Inc., last 90 days
−$0.60 −$0.40 −$0.20 $0.00 $0.20 $0.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.13 Current fiscal year, 60 days ago: −$0.23 Current fiscal year, 30 days ago: −$0.23 Current fiscal year, 7 days ago: −$0.23 Current fiscal year, Now: −$0.50 −$0.50 Next fiscal year, 90 days ago: $0.27 Next fiscal year, 60 days ago: $0.23 Next fiscal year, 30 days ago: $0.23 Next fiscal year, 7 days ago: $0.23 Next fiscal year, Now: −$0.06 −$0.06

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.13$0.27
60 days ago −$0.23$0.23
30 days ago −$0.23$0.23
7 days ago −$0.23$0.23
Now −$0.50−$0.06

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.07 −$0.02 +67.5%
Dec 2025 −$0.20 −$0.14 +29.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026123
  2. Sep 2026123
  3. Aug 2026123

Counts of recommendations published by analysts covering Glass House Brands Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
0.24
at average volume
Short interest, 1 month
+117%
to October 15, 2026
Held by institutions
20%
of shares
Held by insiders
7.4%
of shares
Employees
357
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GLAS−62%−50%+148%+23%+53%−73%
Industry peers (median)+4%−25%−19%−1%−13%−4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GLAS33%33%67%58%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GLAS−74%−70%−31%−46%−44%−84%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since July 18, 2019: 86% from July 1, 2021 to December 30, 2022. Getting back needed a 607% gain, reached on June 18, 2026, 1266 days after the low.

Price behaviour

52-week range
$2.14 – $13.58
From 52-week high
−82.6%
vs 50-day average
−60.9%
vs 200-day average
−73.1%
Volatility (1 year)
98%
Beta vs S&P 500
0.94

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Fundamentals

Revenue (TTM) Glass House Brands Inc.
$0 $100M $200M $300M FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY20 Q4: $48.3M Revenue (TTM), FY21 Q4: $63.2M Revenue (TTM), FY22 Q4: $84.9M Revenue (TTM), FY23 Q4: $160.8M Revenue (TTM), FY24 Q4: $200.9M Revenue (TTM), FY25 Q4: $182M $182M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY20 Q4 $48.3M
FY21 Q4 $63.2M
FY22 Q4 $84.9M
FY23 Q4 $160.8M
FY24 Q4 $200.9M
FY25 Q4 $182M
Revenue growth, TTM YoY Glass House Brands Inc.
-50% 0% 50% 100% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: 30.9% Revenue growth, TTM YoY, FY22 Q4: 34.3% Revenue growth, TTM YoY, FY23 Q4: 89.5% Revenue growth, TTM YoY, FY24 Q4: 24.9% Revenue growth, TTM YoY, FY25 Q4: -9.4% -9.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 30.9%
FY22 Q4 34.3%
FY23 Q4 89.5%
FY24 Q4 24.9%
FY25 Q4 -9.4%
Operating margin (TTM) Glass House Brands Inc.
-80% -60% -40% -20% 0% 20% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY20 Q4: -12.4% Operating margin (TTM), FY21 Q4: -57.2% Operating margin (TTM), FY22 Q4: -66.4% Operating margin (TTM), FY23 Q4: -30.8% Operating margin (TTM), FY24 Q4: 2.9% Operating margin (TTM), FY25 Q4: -9.1% -9.1%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY20 Q4 -12.4%
FY21 Q4 -57.2%
FY22 Q4 -66.4%
FY23 Q4 -30.8%
FY24 Q4 2.9%
FY25 Q4 -9.1%
FCF margin (TTM) Glass House Brands Inc.
-300% -200% -100% 0% 100% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY20 Q4: -23.9% FCF margin (TTM), FY21 Q4: -203.8% FCF margin (TTM), FY22 Q4: -80.8% FCF margin (TTM), FY23 Q4: 6.8% FCF margin (TTM), FY24 Q4: 9.0% FCF margin (TTM), FY25 Q4: -8.6% -8.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY20 Q4 -23.9%
FY21 Q4 -203.8%
FY22 Q4 -80.8%
FY23 Q4 6.8%
FY24 Q4 9.0%
FY25 Q4 -8.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F, 40-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 48 63 85 161 201 182
Gross profit 19 16 21 81 97 77
EBITDA −4 −32 −45 −36 20 −2
Operating income −6 −36 −56 −50 6 −17
Net income −17 −43 −33 −98 1 −30
Diluted EPS −$0.39 −$1.11 −$0.83 −$1.62 −$0.21 −$0.55
Growth (year on year)
Revenue — +30.9% +34.3% +89.5% +24.9% −9.4%
EBITDA — — — — — −107.7%
Operating income — — — — — −388.2%
Margins
Gross margin 38.8% 25.0% 24.4% 50.3% 48.5% 42.3%
EBITDA margin −7.5% −50.0% −53.1% −22.4% 10.0% −0.8%
Operating margin −12.4% −57.2% −66.4% −30.8% 2.9% −9.1%
Net margin −34.5% −68.2% −38.8% −61.1% 0.3% −16.3%
Free-cash-flow margin −23.9% −203.8% −80.8% 6.8% 9.0% −8.6%
Cash flow
Cash from operations −8 −20 −41 23 28 11
Capital spending 4 108 28 12 10 27
Free cash flow −12 −129 −69 11 18 −16
Stock-based pay 3 9 13 8 13 13
Free cash flow after stock pay −14 −137 −81 3 5 −29
Balance sheet
Cash 5 54 14 33 37 23
Total debt 23 50 66 72 66 69
Net debt (negative = net cash) 19 −4 52 39 29 46
Diluted shares 43m 40m 64m 72m 75m 82m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · December 31, 2025
What it owns · $319m
Short-term assets $68mLonger-term assets $251m
What it owes, and who funded it · $218m
Short-term liabilities $38mLonger-term liabilities $106mShareholders' equity $74m
  • Short-term assets cover short-term liabilities $68m of assets due within a year against $38m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $68m short-term assets against $106m of longer-dated liabilities.
  • More cash than debt $23m of cash against $69m of debt.
  • Debt below 40% of shareholders' equity Debt is 93% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 58% to 93% over five years.
  • A year's operating cash flow covers at least 20% of debt $11m of operating cash flow against $69m of debt.
  • Operating profit covers interest at least five times over Operating income of −$17m against $7m of interest.

From Glass House Brands Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+8.9%
year over year
Days sales outstanding
9 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in agricultural products & services
Last 12 months unless stated GLAS LND LMNR HYFM ODC LOCL Median
Revenue, last 12 months $182m $169m $129m $106m $494m $52m $169m
Revenue growth, last 12 months −9.4% 10.0% −19.9% −34.1% 1.7% 17.8% −1.4%
Revenue growth, 3-year average — — −10.3% −25.9% 6.1% 24.6% −0.1%
Revenue growth, latest quarter — — −7.7% −40.9% 3.3% 14.4% 6.8%
Gross margin 42.3% 10.8% −1.7% 9.4% 27.8% 10.6% 23.7%
Operating margin −9.1% −5.9% −35.9% −253.0% 13.8% −114.4% −7.5%
Operating margin, 3-year average — 39.7% −16.8% −103.2% 13.2% −196.5% 2.8%
Net margin −16.3% −10.1% −33.0% −267.2% 11.5% −130.5% −0.6%
Cash from operations / revenue 6.3% 13.6% −11.6% −4.4% 16.2% −49.2% 3.4%
Free-cash-flow margin −8.6% 8.9% −18.4% −5.0% 9.3% −54.7% 2.0%
Free-cash-flow margin, 3-year average — 3.0% −8.1% −3.7% 8.5% −253.7% 3.0%
Stock pay / revenue 7.4% 0.1% 1.4% 0.7% 1.1% 8.4% 0.8%
Change in share count 8.9% −0.5% 2.4% 2.1% 0.6% 59.2% 2.4%

Median of all 21 companies we cover in agricultural products & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

Funds buying and selling
Reported value
$255M
Institutions reporting
53
Shares held vs prior quarter
▲ 64169.1%
Positions opened / closed
50 / 0

Top buyers and sellers, Q2 2026: 51 institutions bought and 1 sold ; the biggest buyer was Park West Asset Management LLC (+5.2M shares) and the biggest seller Fny Investment Advisers, LLC (−2,000). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Park West Asset Management LLC $67.4M 5.2M 26.4% New
Western Standard LLC $35M 2.7M 13.7% New
Cantor Fitzgerald, L. P. $33.3M 2.7M 13.0% New
Nomura Holdings Inc $29.7M 2.3M 11.6% New
Wellington Management Group LLP $14.9M 1.1M 5.8% New
Advisorshares Investments LLC $11.1M 850K 4.3% New
Clear Street Group Inc. $10.2M 825K 4.0% New
Hudson Bay Capital Management LP $9.8M 750K 3.8% New
Marex Group Ltd $9.8M 750K 3.8% New
Grizzlyrock Capital, LLC $7.9M 611K 3.1% New
Millennium Management LLC $4.5M 363K 1.8% New
K.J. Harrison & Partners Inc $3.5M 286K 1.4% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Glass House Brands Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $353,761 4 trades by 1 insider · 0% under pre-set plans
Net ▼ $353,761 net selling
Insider Date Trade Shares Price Value
Tu William SVP, Corporate Controller September 11, 2026 Sell 3,818 $8.03 $30,659
Tu William SVP, Corporate Controller May 26, 2026 Sell 5,423 $10.48 $56,833
Tu William SVP, Corporate Controller May 22, 2026 Sell 10,414 $10.19 $106,119
Tu William SVP, Corporate Controller May 19, 2026 Sell 15,888 $10.08 $160,151

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Glass House Brands Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Glass House Brands Inc. in brief

What does Glass House Brands Inc. do?
Glass House Brands Inc. is a US-listed company in the agricultural products & services industry. Its financial year ends in December.
What is Glass House Brands Inc.'s stock ticker?
Glass House Brands Inc. trades under the ticker GLAS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Glass House Brands Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Glass House Brands Inc. reported revenue of $182M, 9.4% lower than a year earlier, according to its SEC filings.
What is Glass House Brands Inc.'s free cash flow?
Glass House Brands Inc.'s free-cash-flow margin is -8.6% of revenue over the trailing twelve months.
Who are Glass House Brands Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Park West Asset Management LLC, Western Standard LLC and Cantor Fitzgerald, L. P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Glass House Brands Inc.'s market cap?
On December 31, 2025, Glass House Brands Inc.'s market capitalisation was about $725M and net debt of $45.6M. Market figures come from third-party market data and may be delayed.
How much debt does Glass House Brands Inc. have?
Glass House Brands Inc.'s debt-to-equity ratio is 92.9%, from its latest balance sheet (58.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Glass House Brands Inc.'s competitors?
In our Agricultural Products & Services peer group, the companies closest to Glass House Brands Inc. are Brasilagro - Brazilian Agricultural Real Estate Co, Limoneira Co, Hydrofarm Holdings Group, Inc., Oil-dri Corp Of America and Local Bounti Corporation. The side-by-side comparison below sets their revenue, margins and growth against Glass House Brands Inc.'s.
Are insiders buying or selling Glass House Brands Inc. stock?
Over the last 12 months, Glass House Brands Inc.'s directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Glass House Brands Inc.'s next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Glass House Brands Inc. announces its own schedule.