Glass House Brands (GLAS) Tax Rate (2023 - 2025)
Glass House Brands' Tax Rate was -202.92% in Q2 2026, down 237.69 percentage points from 34.77% a year earlier and down 181.55 percentage points from the prior quarter.
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Analysis
Glass House Brands (GLAS) Tax Rate (2023 - 2025) Analysis & Trends
On a trailing twelve-month basis, Glass House Brands' Tax Rate was -25.77% through Jun 30, 2026, down 96.82 percentage points year-over-year; for FY2025, it was -70.13%, down 163.70 percentage points from FY2024.
- Tax Rate shows a five-year change of -7.45 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 93.57% in FY2024 (+104.86 pp), -11.28% in FY2023 (-23.02 pp), 11.74% in FY2022 (+16.62 pp) and -4.87% in FY2021 (+57.80 pp).
- The Q2 2026 figure marks the lowest quarterly Tax Rate in data going back to Q4 2018.
- Compared with a year earlier, Tax Rate was higher in three of the last seven quarters, with an average year-over-year change of -47.36 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q2 2022 (a gain of 97.72 percentage points); the worst was Q2 2026 (a drop of 237.69 percentage points).
- Per Business Quant data, GLAS's Tax Rate in the three quarters before Q2 2026 was -21.37% (Q1 2026), -23.66% (Q4 2025) and -9.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn | 22.25% |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn | 21.54% |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn | - |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | - |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn | 78.51% |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn | 0.14% |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn | 26.34% |
| 10 | Glass House Brands | 447.37 Mn | 372.93 Mn | 15.77 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 34.77% |
| Dec 31, 2024 | 4.15% |
| Sep 30, 2024 | 156.02% |
| Jun 30, 2024 | 1.98% |
| Sep 30, 2023 | 103.36% |
API Access
Glass House Brands Tax Rate 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=tax-rate&ticker=GLAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=GLAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();