Glass House Brands Inc. income statement

In fiscal 2025, Glass House Brands Inc. reported revenue of $182m, down 9.4% on the year before, operating income of −$16.5m (a -9.1% margin) and net income of −$29.7m, or −$0.55 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Glass House Brands Inc.: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	48	63	85	161	201	182
Cost of revenue	30	47	64	80	104	105
Gross profit	19	16	21	81	97	77
Selling and marketing	1	4	3	3	2	3
General and administrative	19	34	46	53	60	64
Operating income	−6	−36	−56	−50	6	−17
Interest expense	2	3	8	10	9	7
Income before tax	−10	−41	−37	−88	11	−17
Income tax	6	2	−4	10	10	12
Net income	−17	−43	−33	−98	1	−30
Diluted EPS	−$0.39	−$1.11	−$0.83	−$1.62	−$0.21	−$0.55
Diluted shares (average)	43m	40m	64m	72m	75m	82m
EBITDA	−4	−32	−45	−36	20	−2

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.