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| Date | Value |
|---|---|
| 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% |