Glass House Brands (GLAS) Beginning Cash Balance (2020 - 2024)
Glass House Brands' Beginning Cash Balance was $32.52 million in Q1 2024, up 129.9% from $14.14 million a year earlier but down 14.2% from the prior quarter.
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Analysis
Glass House Brands (GLAS) Beginning Cash Balance (2020 - 2024) Analysis & Trends
On a trailing twelve-month basis, Glass House Brands' Beginning Cash Balance was $109.48 million through Mar 31, 2024, down 1.0% year-over-year; for FY2023, it came in at $37.89 million, up 116.1% from FY2022.
- Beginning Cash Balance has now increased for three consecutive years, with a five-year compound annual growth rate of 46.3% (FY2018 to FY2023).
- In earlier years, Beginning Cash Balance was $17.54 million in FY2022 (+286.7%), $4.54 million in FY2021 (+72.3%), $2.63 million in FY2020 (-80.9%) and $13.77 million in FY2019 (+143.6%).
- Quarterly Beginning Cash Balance has moved between $2.63 million (Q1 2020) and $54.07 million (Q1 2022) over five years.
- Compared with a year earlier, Beginning Cash Balance was higher in two of the last four quarters, with growth averaging 34.5%.
- Per Business Quant data, GLAS's Beginning Cash Balance in the three quarters before Q1 2024 was $37.89 million (Q4 2023), $22.69 million (Q3 2023) and $16.37 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn |
| 10 | Glass House Brands | 458.84 Mn | 384.40 Mn | 15.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 32.52 Mn |
| Dec 31, 2023 | 37.89 Mn |
| Sep 30, 2023 | 22.69 Mn |
| Jun 30, 2023 | 16.37 Mn |
| Mar 31, 2023 | 14.14 Mn |
| Dec 31, 2022 | 17.54 Mn |
| Jun 30, 2022 | 24.83 Mn |
| Mar 31, 2022 | 54.07 Mn |
| Mar 31, 2021 | 4.54 Mn |
| Mar 31, 2020 | 2.63 Mn |
API Access
Glass House Brands Beginning Cash Balance API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=beginning-cash-balance&ticker=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "beginning-cash-balance", "ticker": "GLAS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=beginning-cash-balance&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();