Glass House Brands (GLAS) Gross Margin (2020 - 2026)

Glass House Brands' (GLAS) quarterly Gross Margin came in at 24.72% in Q1 2026, down 27.26% on a QoQ basis from 33.99% in Q4 2025.

Glass House Brands (GLAS) Gross Margin (2020 - 2026) Analysis & Trends

Glass House Brands (GLAS) has 7 years of Gross Margin data on file, last reported at 24.72% in Q1 2026.

  • On a quarterly basis, Gross Margin changed N/A year-over-year to 24.72% in Q1 2026; TTM through Mar 2026 was 37.66%, a N/A change from a year earlier, with the FY2025 full-year figure at 42.29%, down 619.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 24.72%, down from 33.99% in the prior quarter.
  • Over the last five years, Gross Margin for GLAS reached as high as 54.57% in Q2 2023 and fell as low as 1.54% in Q2 2022.
  • Historically, Gross Margin has averaged 33.03% across 5 years, with a median of 30.85% in 2022.
  • Across the five-year window, Gross Margin plunged 1897 bps in 2022 and soared 5302 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 30.83% in 2022, then surged by 77 bps to 54.57% in 2023, then retreated by 3 bps to 53.16% in 2024, then sank by 36 bps to 33.99% in 2025, then decreased by 27 bps to 24.72% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 24.72% in Q1 2026, 33.99% in Q4 2025, and 30.58% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Haleon 89.28 Bn 87.42 Bn - -
2 Teva Pharmaceutical Industries 35.97 Bn 32.23 Bn 1.97 Bn 49.52%
3 Zoetis 32.42 Bn 30.48 Bn 1.62 Bn 71.66%
4 Takeda Pharmaceutical 27.48 Bn 23.42 Bn 4.39 Bn 62.93%
5 United Therapeutics 22.89 Bn 20.73 Bn 648.10 Mn 82.93%
6 RedHill Biopharma 22.11 Bn 22.11 Bn - -
7 Viatris 20.44 Bn 18.64 Bn 1.16 Bn 32.97%
8 Neurocrine Biosciences 17.76 Bn 16.44 Bn 800.70 Mn 98.31%
9 Elanco Animal Health 12.62 Bn 12.19 Bn 785.00 Mn 57.26%
10 Glass House Brands 873.84 Mn 845.91 Mn 10.02 Mn 24.72%

Historic Data

Download Data
DateValue
Mar 31, 2026 24.72%
Dec 31, 2025 33.99%
Sep 30, 2025 30.58%
Jun 30, 2025 53.34%
Jun 30, 2024 53.16%
Jun 30, 2023 54.57%
Dec 31, 2022 30.83%
Sep 30, 2022 30.88%
Jun 30, 2022 1.54%
Mar 31, 2022 16.74%
Dec 31, 2021 -1.99%
Sep 30, 2021 13.67%
Jun 30, 2021 0.00%
Mar 31, 2021 35.71%
Dec 31, 2020 43.26%
Sep 30, 2020 37.16%
Mar 31, 2020 22.69%