Glass House Brands (GLAS) Operating Expenses (2018 - 2026)
Glass House Brands (GLAS) reported Operating Expenses of $18.76 million for Q2 2026, up 18.8% from $15.79 million a year earlier and up 0.8% from the prior quarter.
Powered by 
Analysis
Glass House Brands (GLAS) Operating Expenses (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Glass House Brands' Operating Expenses came in at $86.4 million, up 0.9% year-over-year; for FY2025, it came in at $93.49 million, up 2.0% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of -91.8% (FY2020 to FY2025).
- By year, Operating Expenses came in at $91.66 million in FY2024 (-29.8%), $130.5 million in FY2023 (+69.2%), $77.11 million in FY2022 (+48.4%) and $51.97 million in FY2021 (-100.0%).
- Five-year quarterly Operating Expenses spans a low of $11.87 million in Q3 2021 and a high of $51.18 million in Q4 2023.
- Year over year, Operating Expenses gained in three of the last seven quarters, with an average decline of 8.1%.
- The high point for year-over-year Operating Expenses in five years was Q4 2023 (growth of 98.9%); the low point was Q4 2021 (a decline of 100.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $18.61 million (Q1 2026), $25.89 million (Q4 2025) and $23.14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 76.99 Mn |
| 10 | Glass House Brands | 560.44 Mn | 486.00 Mn | 15.77 Mn | 18.76 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 |
| Dec 31, 2023 | 51.18 Mn |
| Sep 30, 2023 | 21.12 Mn |
| Jun 30, 2023 | 21.15 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 |
| Mar 31, 2021 | 10.40 Mn |
| Dec 31, 2020 | 24,743.41 Bn |
API Access
Glass House Brands Operating Expenses 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=operating-expenses&ticker=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();