Glass House Brands (GLAS) Net Income (2018 - 2026)
Glass House Brands' (GLAS) quarterly Net Income came in at -$6.7 million in Q2 2026, down 176.43% year-over-year from $8.7 million in Q2 2025, and up 60.7% quarter-over-quarter from -$17.0 million in Q1 2026.
Analysis
Glass House Brands (GLAS) Net Income (2018 - 2026) Analysis & Trends
Glass House Brands (GLAS) has reported Net Income for 9 consecutive years, with -$6.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Income fell 176.43% year-over-year to -$6.7 million in Q2 2026; TTM through Jun 2026 was -$51.4 million, a 768.36% decrease from a year earlier, with the FY2025 full-year figure at -$29.0 million, down 4115.53% from the prior year.
- Net Income was -$6.7 million for Q2 2026 at Glass House Brands, up from -$17.0 million in the prior quarter.
- Over five years, Net Income peaked at $38.1 million in Q4 2023 and troughed at -$25.0 million in Q2 2023.
- A 5-year average of $260682.7 and a median of -$3.2 million in 2024 frame the typical range for Net Income.
- Across the five-year window, Net Income soared 270.39% in 2023 and sank 1627.62% in 2024, its largest moves.
- Over 5 years, Net Income stood at $14.4 million in 2022, then surged by 164.38% to $38.1 million in 2023, then plunged by 68.1% to $12.2 million in 2024, then slumped by 227.48% to -$15.5 million in 2025, then surged by 56.88% to -$6.7 million in 2026.
- The last three Net Income figures came in at -$6.7 million (Q2 2026), -$17.0 million (Q1 2026), and -$15.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.63 Bn | 2.53 Bn | 169.91 Mn | 12.52 Mn |
| 2 | Trulieve Cannabis | 2.23 Bn | 1.90 Bn | 162.29 Mn | -406.06 Mn |
| 3 | Green Thumb Industries | 1.61 Bn | 1.33 Bn | 137.87 Mn | 3.43 Mn |
| 4 | Cronos | 1.23 Bn | 437.76 Mn | 28.45 Mn | 35.66 Mn |
| 5 | Glass House Brands | 657.95 Mn | 639.39 Mn | 15.77 Mn | -6.68 Mn |
| 6 | Vireo Growth | 554.11 Mn | 411.81 Mn | 95.30 Mn | -5.80 Mn |
| 7 | Tilray Brands | 438.94 Mn | 204.31 Mn | 90.52 Mn | -29.64 Mn |
| 8 | Verano Holdings | 436.63 Mn | 351.43 Mn | 99.70 Mn | -13.41 Mn |
| 9 | Canopy Growth | 387.68 Mn | 140.67 Mn | 16.08 Mn | -10.54 Mn |
| 10 | Sndl | 358.70 Mn | 226.15 Mn | 40.74 Mn | -8.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.68 Mn |
| Mar 31, 2026 | -17.01 Mn |
| Dec 31, 2025 | -15.50 Mn |
| Sep 30, 2025 | -12.19 Mn |
| Jun 30, 2025 | 8.74 Mn |
| Mar 31, 2025 | -10.01 Mn |
| Dec 31, 2024 | 12.16 Mn |
| Sep 30, 2024 | -3.21 Mn |
| Jun 30, 2024 | 10.04 Mn |
| Mar 31, 2024 | -18.27 Mn |
| Dec 31, 2023 | 38.12 Mn |
| Sep 30, 2023 | 210,000.00 |
| Jun 30, 2023 | -24.95 Mn |
| Mar 31, 2023 | 34.78 Mn |
| Dec 31, 2022 | 14.42 Mn |
| Jun 30, 2022 | 14.19 Mn |
| Mar 31, 2022 | -20.41 Mn |
| Dec 31, 2021 | -18.77 Mn |
| Sep 30, 2021 | 7.73 Mn |
| Jun 30, 2021 | 4.72 Mn |