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
DateValue
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%