Wholesale Biomass was Glass House Brands’s largest segment in fiscal 2025, bringing in $114.23M of $181.98M (63%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Wholesale Biomass | $105.70M | $139.09M | $114.23M |
| Retail | $39.08M | $43.82M | $48.24M |
| Cpg | $16.06M | $18.00M | $19.51M |
| Total | $160.84M | $200.90M | $181.98M |
Glass House Brands brought in $181.98M from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 9.4% from $200.90M in fiscal 2024. Wholesale Biomass was the largest at $114.23M (62.8%), ahead of Retail at $48.24M (26.5%) and Cpg at $19.51M (10.7%).
Compared with fiscal 2024, Retail grew fastest, up 10.1% to $48.24M, while Wholesale Biomass fell the most, down 17.9% to $114.23M. From fiscal 2023 to 2025, combined revenue from these segments grew from $160.84M to $181.98M, a compound annual growth rate of 6.4%. Wholesale Biomass' share of the total fell from 65.7% to 62.8%.
Previously Reported was Glass House Brands’s largest revenue line in fiscal 2022, bringing in $90.89M of $84.87M (107%).
| Revision of Prior Period | FY 2021 | FY 2022 |
|---|---|---|
| Previously Reported | $69.45M | $90.89M |
| Adjustment | — | -$6.02M |
| Total | $69.45M | $84.87M |
Glass House Brands brought in $84.87M from its two revenue lines in fiscal 2022, the year ended December 31, 2022. Glass House Brands regrouped these revenue lines after fiscal 2021, so the total does not compare directly with that year's $69.45M. Previously Reported was the largest at $90.89M (107.1%).
Glass House Brands began breaking out Adjustment in fiscal 2022, when it brought in -$6.02M. The total is net of Adjustment, which took $6.02M off revenue in fiscal 2022.
Glass House Brands (GLAS) reports its revenue by segment and by revision of prior period. In fiscal 2025, Wholesale Biomass was its largest segment, bringing in $114.23M (62.8% of the total), followed by Retail at $48.24M (26.5%).
Wholesale Biomass was Glass House Brands' largest segment in fiscal 2025, bringing in $114.23M, or 62.8% of the $181.98M total across its three segments.
Previously Reported was Glass House Brands' largest revenue line in fiscal 2022, bringing in $90.89M, or 107.1% of the $84.87M total across its two revenue lines.
Among Glass House Brands' segments that make up at least 2% of revenue, Retail grew fastest in fiscal 2025, up 10.1% from $43.82M to $48.24M.
Every figure comes from Glass House Brands' annual financial filings, as reported. Each line keeps the name Glass House Brands gives it, and years follow its fiscal calendar.
Glass House Brands' revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.