Glass House Brands Inc. cash flow statement

In fiscal 2025, Glass House Brands Inc.'s operations generated $11.4m of cash; it spent $27.2m on capital projects, leaving free cash flow of −$15.7m.

Cash flow statement

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

Glass House Brands Inc.: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−8	−20	−41	23	28	11
Depreciation and amortisation	2	5	11	14	14	15
Stock-based pay	3	9	13	8	13	13
Capital spending	4	108	28	12	10	27
Free cash flow	−12	−129	−69	11	18	−16
Free cash flow after stock pay	−14	−137	−81	3	5	−29
Shares issued	—	126	0	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Glass House Brands Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Glass House Brands Inc.