Glass House Brands GLAS
NYSE GLAS
$8.15 -0.21 (-2.56%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%