Glass House Brands (GLAS) Operating Expenses (2018 - 2026)
Glass House Brands' (GLAS) quarterly Operating Expenses came in at $18.8 million in Q2 2026, up 18.84% year-over-year from $15.8 million in Q2 2025, and up 0.85% quarter-over-quarter from $18.6 million in Q1 2026.
Analysis
Glass House Brands (GLAS) Operating Expenses (2018 - 2026) Analysis & Trends
Glass House Brands (GLAS) has reported Operating Expenses for 9 consecutive years, with $18.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 18.84% year-over-year to $18.8 million in Q2 2026; TTM through Jun 2026 was $86.4 million, a 0.93% increase from a year earlier, with the FY2025 full-year figure at $93.5 million, up 2.0% from the prior year.
- Operating Expenses was $18.8 million for Q2 2026 at Glass House Brands, up from $18.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $51.2 million in Q4 2023 and troughed at $3.4 million in Q1 2023.
- A 5-year average of $21.0 million and a median of $21.1 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 77.95% in 2023 and jumped 258.47% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $25.7 million in 2022, then jumped by 98.93% to $51.2 million in 2023, then slumped by 59.6% to $20.7 million in 2024, then rose by 25.22% to $25.9 million in 2025, then slipped by 27.52% to $18.8 million in 2026.
- The last three Operating Expenses figures came in at $18.8 million (Q2 2026), $18.6 million (Q1 2026), and $25.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.69 Bn | 2.60 Bn | 169.91 Mn | 165.69 Mn |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.99 Bn | 162.29 Mn | 532.81 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | 117.91 Mn |
| 4 | Cronos | 1.18 Bn | 385.45 Mn | 28.45 Mn | 21.05 Mn |
| 5 | Glass House Brands | 674.33 Mn | 655.78 Mn | 15.77 Mn | 18.76 Mn |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | 101.60 Mn |
| 7 | Tilray Brands | 475.19 Mn | 240.56 Mn | 90.52 Mn | 106.98 Mn |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | 96.56 Mn |
| 9 | Canopy Growth | 407.23 Mn | 160.22 Mn | 16.08 Mn | 32.06 Mn |
| 10 | Sndl | 363.86 Mn | 231.31 Mn | 40.74 Mn | 31.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.76 Mn |
| Mar 31, 2026 | 18.61 Mn |
| Dec 31, 2025 | 25.89 Mn |
| Sep 30, 2025 | 23.14 Mn |
| Jun 30, 2025 | 15.79 Mn |
| Mar 31, 2025 | 23.18 Mn |
| Dec 31, 2024 | 20.68 Mn |
| Sep 30, 2024 | 25.97 Mn |
| Jun 30, 2024 | 23.63 Mn |
| Mar 31, 2024 | 6.47 Mn |
| Dec 31, 2023 | 51.18 Mn |
| Sep 30, 2023 | 21.12 Mn |
| Jun 30, 2023 | 21.15 Mn |
| Mar 31, 2023 | 3.41 Mn |
| Dec 31, 2022 | 25.73 Mn |
| Jun 30, 2022 | 17.28 Mn |
| Mar 31, 2022 | 15.47 Mn |
| Dec 31, 2021 | 19.31 Mn |
| Sep 30, 2021 | 11.87 Mn |
| Jun 30, 2021 | 9.58 Mn |