Glass House Brands (GLAS) Invested Capital (2020 - 2026)
Glass House Brands' Invested Capital came in at $143.1 million for Q2 2026, down 44.8% from $259.05 million a year earlier and down 2.0% from the prior quarter.
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Analysis
Glass House Brands (GLAS) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Glass House Brands' Invested Capital was $142.76 million, down 18.9% from FY2024.
- Invested Capital has declined in each of the last three years, though with a five-year compound annual growth rate of 21.8% (FY2020 to FY2025).
- Going back by year, Invested Capital was $176 million in FY2024 (-16.5%), $210.75 million in FY2023 (-9.4%), $232.6 million in FY2022 (+2.3%) and $227.26 million in FY2021 (+326.3%).
- The five-year range for quarterly Invested Capital is $142.76 million (Q4 2025) to $259.05 million (Q2 2025).
- Year-over-year, Invested Capital has declined for four consecutive quarters, with an average decline of 14.0% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q1 2022 (growth of 390.4%), and the weakest in Q2 2026 (a decline of 44.8%).
- Business Quant data shows GLAS's Invested Capital at $146.03 million (Q1 2026), $142.76 million (Q4 2025) and $151.31 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 312.80 Bn | 292.44 Bn | 7.66 Bn | 40.53 Bn |
| 2 | British American Tobacco p.l.c | 132.04 Bn | 108.41 Bn | - | 108.08 Bn |
| 3 | Altria | 126.64 Bn | 112.79 Bn | 3.82 Bn | 21.91 Bn |
| 4 | Curaleaf Holdings | 2.11 Bn | 1.72 Bn | 169.91 Mn | 1.48 Bn |
| 5 | Trulieve Cannabis | 2.10 Bn | 715.63 Mn | 162.29 Mn | 954.03 Mn |
| 6 | RLX Technology | 2.01 Bn | -1.76 Bn | 52.74 Mn | 2.32 Bn |
| 7 | Green Thumb Industries | 1.41 Bn | 259.63 Mn | 137.87 Mn | 2.43 Bn |
| 8 | Turning Point Brands | 1.33 Bn | 439.35 Mn | 93.70 Mn | 748.17 Mn |
| 9 | Cronos | 1.29 Bn | -1.99 Bn | 28.45 Mn | - |
| 10 | Glass House Brands | 184.23 Mn | 109.79 Mn | 15.77 Mn | 142.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 142.77 Mn |
| Mar 31, 2026 | 144.72 Mn |
| Dec 31, 2025 | 142.60 Mn |
| Sep 30, 2025 | 150.23 Mn |
| Jun 30, 2025 | 257.93 Mn |
| Mar 31, 2025 | 240.36 Mn |
| Dec 31, 2024 | 174.43 Mn |
| Sep 30, 2024 | 209.48 Mn |
| Jun 30, 2024 | 207.94 Mn |
| Mar 31, 2024 | 190.84 Mn |
| Dec 31, 2023 | 153.82 Mn |
| Sep 30, 2023 | 242.26 Mn |
| Jun 30, 2023 | 223.15 Mn |
| Mar 31, 2023 | 249.80 Mn |
| Dec 31, 2022 | 231.52 Mn |
| Sep 30, 2022 | 351.65 Mn |
| Jun 30, 2022 | 236.17 Mn |
| Mar 31, 2022 | 208.07 Mn |
| Dec 31, 2021 | 226.99 Mn |
| Sep 30, 2021 | 230.69 Mn |
API Access
Glass House Brands Invested Capital 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=invested-capital&ticker=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();