Glass House Brands (GLAS) Tax Rate (2020 - 2026)
Glass House Brands' (GLAS) quarterly Tax Rate came in at 21.92% in Q1 2026, up 7.35% on a QoQ basis from 23.66% in Q4 2025.
Glass House Brands (GLAS) Tax Rate (2020 - 2026) Analysis & Trends
Glass House Brands (GLAS) has 7 years of Tax Rate data on file, last reported at 21.92% in Q1 2026.
- On a quarterly basis, Tax Rate changed N/A year-over-year to 21.92% in Q1 2026; TTM through Mar 2026 was 50.51%, a N/A change from a year earlier, with the FY2025 full-year figure at 70.13%, down 16370.0% from the prior year.
- Tax Rate for Q1 2026 stood at 21.92%, up from 23.66% in the prior quarter.
- Over the last five years, Tax Rate for GLAS reached as high as 36.24% in Q2 2025 and fell as low as 32.11% in Q4 2022.
- Historically, Tax Rate has averaged 3.54% across 5 years, with a median of 0.0% in 2023.
- Across the five-year window, Tax Rate sank 4050 bps in 2022 and jumped 3425 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 32.11% in 2022, then surged by 66 bps to 10.99% in 2023, then soared by 118 bps to 1.98% in 2024, then plunged by 1294 bps to 23.66% in 2025, then rose by 7 bps to 21.92% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.92% in Q1 2026, 23.66% in Q4 2025, and 9.63% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 89.28 Bn | 87.42 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.97 Bn | 32.23 Bn | 1.97 Bn | 15.33% |
| 3 | Zoetis | 32.42 Bn | 30.48 Bn | 1.62 Bn | 20.71% |
| 4 | Takeda Pharmaceutical | 27.48 Bn | 23.42 Bn | 4.39 Bn | -23.33% |
| 5 | United Therapeutics | 22.89 Bn | 20.73 Bn | 648.10 Mn | 13.63% |
| 6 | RedHill Biopharma | 22.11 Bn | 22.11 Bn | - | - |
| 7 | Viatris | 20.44 Bn | 18.64 Bn | 1.16 Bn | 171.33% |
| 8 | Neurocrine Biosciences | 17.76 Bn | 16.44 Bn | 800.70 Mn | 19.81% |
| 9 | Elanco Animal Health | 12.62 Bn | 12.19 Bn | 785.00 Mn | 34.48% |
| 10 | Glass House Brands | 873.84 Mn | 845.91 Mn | 10.02 Mn | -21.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.92% |
| Mar 31, 2026 | -21.92% |
| Mar 31, 2026 | -21.92% |
| Dec 31, 2025 | -23.66% |
| Dec 31, 2025 | -23.66% |
| Dec 31, 2025 | -23.66% |
| Sep 30, 2025 | -9.63% |
| Sep 30, 2025 | -9.63% |
| Sep 30, 2025 | -9.63% |
| Jun 30, 2025 | 36.24% |
| Jun 30, 2025 | 36.24% |
| Jun 30, 2025 | 36.24% |
| Jun 30, 2024 | 1.98% |
| Jun 30, 2024 | 1.98% |
| Jun 30, 2024 | 1.98% |
| Dec 31, 2023 | -10.99% |
| Dec 31, 2023 | -10.99% |
| Dec 31, 2023 | -10.99% |
| Jun 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |