Financial Snapshot

Revenue
$171.2M
TTM
Gross Margin
49.14%
TTM
Net Earnings
-$42.87M
TTM
Current Assets
$52.47M
Q2 2024
Current Liabilities
$89.91M
Q2 2024
Current Ratio
58.35%
Q2 2024
Total Assets
$305.8M
Q2 2024
Total Liabilities
$129.0M
Q2 2024
Book Value
$176.9M
Q2 2024
Cash
P/E
-9.703
Nov 29, 2024 EST
Free Cash Flow
$195.2K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $160.8M $90.89M $69.45M $48.26M $3.297M
YoY Change 76.95% 30.88% 43.9% 1363.75%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $160.8M $90.89M $69.45M $48.26M $3.297M
Cost Of Revenue $79.87M $69.35M $53.43M $29.52M
Gross Profit $80.97M $21.54M $16.02M $18.74M
Gross Profit Margin 50.34% 23.7% 23.07% 38.83%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $63.06M $59.14M $46.39M $22.17M $260.7K
YoY Change 6.63% 27.48% 109.27% 8403.59%
% of Gross Profit 77.88% 274.56% 289.58% 118.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.63M $12.30M $4.767M $2.576M
YoY Change 18.91% 158.03% 85.05%
% of Gross Profit 18.07% 57.11% 29.76% 13.75%
Operating Expenses $77.68M $71.44M $51.16M $24.74M $260.7K
YoY Change 8.74% 39.64% 106.75% 9391.51%
Operating Profit $3.286M -$49.90M -$35.14M -$6.003M
YoY Change -106.58% 42.01% 485.34%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$11.90M -$9.589M -$2.936M -$4.441M $650.00
YoY Change 24.14% 226.57% -33.89% -683383.08%
% of Operating Profit -362.28%
Other Income/Expense, Net -$26.69M $29.12M $3.914M $203.4K
YoY Change -191.63% 643.96% 1824.97%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$88.12M -$30.85M -$41.07M -$10.24M $2.831M
YoY Change 185.59% -24.87% 301.01% -461.68%
Income Tax $9.943M $4.742M $3.298M $6.419M $0.00
% Of Pretax Income 0.0%
Net Earnings -$98.27M -$35.53M -$44.17M -$16.66M $2.831M
YoY Change 176.54% -19.55% 165.12% -688.36%
Net Earnings / Revenue -61.1% -39.1% -63.6% -34.52% 85.88%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.36 -$0.55 -$1.125M -$783.4K $306.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $29.52M $11.14M $51.07M $4.535M $4.127M
YoY Change 164.95% -78.18% 1026.0% 9.89%
Cash & Equivalents $4.127M
Short-Term Investments
Other Short-Term Assets $6.873M $11.35M $8.563M $1.018M $140.9K
YoY Change -39.43% 32.51% 740.98% 622.8%
Inventory $8.840M $12.06M $6.596M $6.866M
Prepaid Expenses
Receivables $3.979M $5.653M $2.894M $5.141M
Other Receivables $0.00 $1.256M $0.00 $904.5K
Total Short-Term Assets $49.22M $41.46M $69.12M $18.47M $4.268M
YoY Change 18.72% -40.02% 274.33% 332.63%
Property, Plant & Equipment $226.5M $227.6M $198.9M $29.72M
YoY Change -0.45% 14.43% 569.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.327M $4.246M $7.196M $10.70M $405.0M
YoY Change -45.2% -41.0% -32.76% -97.36%
Other Assets $4.472M $4.940M $2.340M $554.3K $1.539M
YoY Change -9.47% 111.13% 322.18% -63.99%
Total Long-Term Assets $254.6M $307.2M $219.0M $51.08M $406.5M
YoY Change -17.14% 40.3% 328.7% -87.44%
Total Assets $303.8M $348.7M $288.1M $69.54M $410.8M
YoY Change
Accounts Payable $5.540M $6.870M $4.777M $2.584M $144.8K
YoY Change -19.36% 43.8% 84.89% 1684.96%
Accrued Expenses $22.84M $16.54M $5.707M $4.314M
YoY Change 38.1% 189.87% 32.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.937M $40.24K $37.99K $601.2K
YoY Change 19624.4% 5.92% -93.68%
Total Short-Term Liabilities $87.36M $54.25M $56.75M $19.60M $1.030M
YoY Change 61.04% -4.4% 189.46% 1802.58%
Long-Term Debt $58.03M $62.83M $44.82M $19.07M $0.00
YoY Change -7.64% 40.2% 134.98%
Other Long-Term Liabilities $13.15M $14.15M $4.315M $3.168M $22.41M
YoY Change -7.09% 227.97% 36.18% -85.86%
Total Long-Term Liabilities $71.18M $76.98M $49.13M $22.24M $22.41M
YoY Change -7.54% 56.69% 120.91% -0.77%
Total Liabilities $135.9M $127.0M $107.0M $43.27M $23.44M
YoY Change 7.0% 18.65% 147.33% 84.55%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $415.94 Million

About Glass House Brands Inc.

Glass House Brands, Inc. operates as a vertically integrated cannabis brand-building business. The company is headquartered in Long Beach, California and currently employs 362 full-time employees. The company went IPO on 2021-07-26. The Company, through its subsidiaries, cultivates, manufactures, and distributes cannabis bulk flower and trim to wholesalers and cannabis-related consumer packaged goods (CPG) to third-party retail stores in the state of California. The firm also owns and operates retail cannabis stores in the state of California. The firm operates multiple greenhouse cultivation facilities located in Carpinteria and Camarillo, California, and its manufacturing production facility is located in Lompoc, California. Its portfolio of brands includes Glass House Farms, PLUS Products, Allswell and Mama Sue Wellness. PLUS Products include PLUS Classic Gummies, Sleep +CBN, +Functional Gummies, and Solventless Hash Gummies. Its retail landscape consists of 10 stores positioned across California, including the pottery, farmacy, and natural healing center (NHC).

Industry: Medicinal Chemicals & Botanical Products Peers: LFTD PARTNERS INC. ALTEROLA BIOTECH INC. BIOFORCE NANOSCIENCES HOLDINGS, INC. FITLIFE BRANDS, INC. ESTEE LAUDER COMPANIES INC UPEXI, INC. Healing Co Inc. NATURES SUNSHINE PRODUCTS INC REVLON INC /DE/ Thorne Healthtech, Inc.