Glass House Brands (GLAS) Gross Margin (2018 - 2026)
Glass House Brands' (GLAS) quarterly Gross Margin came in at 33.54% in Q2 2026, down 2123.0% year-over-year from 1.66% in Q2 2025, and up 136.85% quarter-over-quarter from 14.16% in Q1 2026.
Analysis
Glass House Brands (GLAS) Gross Margin (2018 - 2026) Analysis & Trends
Glass House Brands (GLAS) has reported Gross Margin for 9 consecutive years, with 33.54% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 2123.0% year-over-year to 33.54% in Q2 2026; TTM through Jun 2026 was 29.28%, a 1961.0% decrease from a year earlier, with the FY2025 full-year figure at 42.29%, down 619.0% from the prior year.
- Gross Margin was 33.54% for Q2 2026 at Glass House Brands, up from 14.16% in the prior quarter.
- Over five years, Gross Margin peaked at 54.76% in Q2 2025 and troughed at 1.54% in Q2 2022.
- A 5-year average of 37.32% and a median of 42.89% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 4448 bps in 2022 and jumped 5302 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 30.83% in 2022, then surged by 45 bps to 44.55% in 2023, then decreased by 4 bps to 42.89% in 2024, then fell by 21 bps to 33.99% in 2025, then dropped by 1 bps to 33.54% in 2026.
- The last three Gross Margin figures came in at 33.54% (Q2 2026), 14.16% (Q1 2026), and 33.99% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 49.96% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 59.90% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 44.96% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 40.30% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 33.54% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 45.53% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 32.13% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 45.75% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 22.16% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | 23.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.54% |
| Mar 31, 2026 | 14.16% |
| Dec 31, 2025 | 33.99% |
| Sep 30, 2025 | 30.58% |
| Jun 30, 2025 | 54.76% |
| Mar 31, 2025 | 44.77% |
| Dec 31, 2024 | 42.89% |
| Sep 30, 2024 | 52.40% |
| Jun 30, 2024 | 53.16% |
| Dec 31, 2023 | 44.55% |
| Sep 30, 2023 | 53.98% |
| Jun 30, 2023 | 54.57% |
| Dec 31, 2022 | 30.83% |
| Jun 30, 2022 | 1.54% |
| Mar 31, 2022 | 14.01% |
| Dec 31, 2021 | -1.99% |
| Sep 30, 2021 | 13.67% |
| Jun 30, 2021 | 46.02% |
| Mar 31, 2021 | 35.71% |
| Dec 31, 2020 | 38.83% |