Glass House Brands (GLAS) Net Margin (2018 - 2026)
Glass House Brands (GLAS) reported Net Margin of -14.49% for Q2 2026, down 32.70 percentage points from 18.21% a year earlier but up 45.39 percentage points from the prior quarter.
Powered by 
Analysis
Glass House Brands (GLAS) Net Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Glass House Brands' Net Margin came in at -34.14%, down 37.71 percentage points year-over-year; for FY2025, it came in at -6.13%, down 6.39 percentage points from FY2024.
- Net Margin has a five-year change of +28.39 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 0.26% in FY2024 (+61.36 pp), -61.10% in FY2023 (-23.24 pp), -37.86% in FY2022 (+30.35 pp) and -68.21% in FY2021 (-33.69 pp).
- Five-year quarterly Net Margin spans a low of -167.55% in Q1 2022 and a high of 22.82% in Q4 2024.
- Year over year, Net Margin has now declined in each of the last five quarters, with an average year-over-year change of -6.93 percentage points over the last seven quarters.
- The high point for year-over-year Net Margin in five years was Q4 2021 (a gain of 34520451.16 percentage points); the low point was Q1 2022 (a drop of 81.24 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -59.88% (Q1 2026), -41.11% (Q4 2025) and -31.98% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 25.17% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 37.60% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 3.68% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 21.89% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -149.83% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 1.59% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 45.45% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 2.52% |
| 10 | Glass House Brands | 560.44 Mn | 486.00 Mn | 15.77 Mn | -14.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.49% |
| Mar 31, 2026 | -59.88% |
| Dec 31, 2025 | -41.11% |
| Sep 30, 2025 | -31.98% |
| Jun 30, 2025 | 18.21% |
| Mar 31, 2025 | -22.45% |
| Dec 31, 2024 | 22.82% |
| Sep 30, 2024 | -5.09% |
| Jun 30, 2024 | 18.53% |
| Dec 31, 2023 | -94.48% |
| Sep 30, 2023 | -0.57% |
| Jun 30, 2023 | -55.98% |
| Dec 31, 2022 | -47.12% |
| Jun 30, 2022 | -86.01% |
| Mar 31, 2022 | -167.55% |
| Dec 31, 2021 | -95.34% |
| Sep 30, 2021 | -45.01% |
| Jun 30, 2021 | -25.26% |
| Mar 31, 2021 | -86.31% |
| Dec 31, 2020 | -34,520,546.49% |
API Access
Glass House Brands Net Margin 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=net-margin&ticker=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();