Glass House Brands (GLAS) Operating Income (2018 - 2026)
Glass House Brands' (GLAS) quarterly Operating Income came in at -$3.0 million in Q2 2026, down 129.14% year-over-year from $10.3 million in Q2 2025, and up 79.42% quarter-over-quarter from -$14.6 million in Q1 2026.
Analysis
Glass House Brands (GLAS) Operating Income (2018 - 2026) Analysis & Trends
Glass House Brands (GLAS) has reported Operating Income for 9 consecutive years, with -$3.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income fell 129.14% year-over-year to -$3.0 million in Q2 2026; TTM through Jun 2026 was -$41.6 million, a 348.84% decrease from a year earlier, with the FY2025 full-year figure at -$16.5 million, down 388.18% from the prior year.
- Operating Income was -$3.0 million for Q2 2026 at Glass House Brands, up from -$14.6 million in the prior quarter.
- Over five years, Operating Income peaked at $24.5 million in Q1 2023 and troughed at -$33.2 million in Q4 2023.
- A 5-year average of -$4.2 million and a median of -$3.1 million in 2025 frame the typical range for Operating Income.
- Across the five-year window, Operating Income plunged 1622.58% in 2022 and soared 277.81% in 2023, its largest moves.
- Over 5 years, Operating Income stood at -$16.5 million in 2022, then plunged by 101.02% to -$33.2 million in 2023, then surged by 106.26% to $2.1 million in 2024, then slumped by 710.98% to -$12.7 million in 2025, then soared by 76.38% to -$3.0 million in 2026.
- The last three Operating Income figures came in at -$3.0 million (Q2 2026), -$14.6 million (Q1 2026), and -$12.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.68 Bn | 2.58 Bn | 169.91 Mn | 4.22 Mn |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.98 Bn | 162.29 Mn | -370.52 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | 19.97 Mn |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 7.40 Mn |
| 5 | Glass House Brands | 673.51 Mn | 654.96 Mn | 15.77 Mn | -3.00 Mn |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | -6.30 Mn |
| 7 | Tilray Brands | 472.92 Mn | 238.29 Mn | 90.52 Mn | -16.45 Mn |
| 8 | Verano Holdings | 438.82 Mn | 353.62 Mn | 99.70 Mn | 3.14 Mn |
| 9 | Canopy Growth | 405.75 Mn | 158.74 Mn | 16.08 Mn | -15.98 Mn |
| 10 | Sndl | 365.15 Mn | 232.60 Mn | 40.74 Mn | -5.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.00 Mn |
| Mar 31, 2026 | -14.56 Mn |
| Dec 31, 2025 | -12.68 Mn |
| Sep 30, 2025 | -11.38 Mn |
| Jun 30, 2025 | 10.28 Mn |
| Mar 31, 2025 | -3.11 Mn |
| Dec 31, 2024 | 2.08 Mn |
| Sep 30, 2024 | 7.48 Mn |
| Jun 30, 2024 | 5.04 Mn |
| Dec 31, 2023 | -33.17 Mn |
| Sep 30, 2023 | 4.89 Mn |
| Jun 30, 2023 | 3.22 Mn |
| Mar 31, 2023 | 24.47 Mn |
| Dec 31, 2022 | -16.50 Mn |
| Jun 30, 2022 | -17.03 Mn |
| Mar 31, 2022 | -13.76 Mn |
| Dec 31, 2021 | -19.67 Mn |
| Sep 30, 2021 | -9.52 Mn |
| Jun 30, 2021 | -988,516.00 |
| Mar 31, 2021 | -4.96 Mn |