Glass House Brands Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Glass House Brands Inc has an operating margin of 2.9%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is up from -30.8% the prior year.
Glass House Brands Inc's revenue surged 24.9% year-over-year to $200.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Glass House Brands Inc carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Glass House Brands Inc's current ratio of 0.99 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.
Glass House Brands Inc has a free cash flow margin of 9.0%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.
Glass House Brands Inc generates a 0.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100.
Glass House Brands Inc scores 2.28, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($592.8M) relative to total liabilities ($146.4M). This signals moderate financial risk that warrants monitoring.
Glass House Brands Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Glass House Brands Inc generates $54.71 in operating cash flow ($28.4M OCF vs $519K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Glass House Brands Inc earns $0.6 in operating income for every $1 of interest expense ($5.7M vs $9.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Glass House Brands Inc (GLASF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Glass House Brands Inc generated $200.9M in revenue in fiscal year 2024. This represents an increase of 24.9% from the prior year.
Glass House Brands Inc's EBITDA was $20.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 155.6% from the prior year.
Glass House Brands Inc generated $18.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 65.8% from the prior year.
Glass House Brands Inc reported $519K in net income in fiscal year 2024. This represents an increase of 100.5% from the prior year.
Glass House Brands Inc earned $-0.21 per diluted share (EPS) in fiscal year 2024. This represents an increase of 87.0% from the prior year.
Glass House Brands Inc held $36.9M in cash against $50.6M in long-term debt as of fiscal year 2024.
Glass House Brands Inc's gross margin was 48.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.
Glass House Brands Inc's operating margin was 2.9% in fiscal year 2024, reflecting core business profitability. This is up 33.7 percentage points from the prior year.
Glass House Brands Inc's net profit margin was 0.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 61.4 percentage points from the prior year.
Glass House Brands Inc's ROE was 0.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Glass House Brands Inc invested $10.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 16.4% from the prior year.
GLASF Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
GLASF Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Total Assets | $310.5M+2.2% | $303.8M-13.4% | $350.6M+21.9% | $287.6M+313.5% | $69.5M |
| Current Assets | $66.1M+34.3% | $49.2M+26.5% | $38.9M-43.3% | $68.6M+271.6% | $18.5M |
| Cash & Equivalents | $36.9M+13.5% | $32.5M+129.9% | $14.1M-73.8% | $54.1M+1092.1% | $4.5M |
| Inventory | $14.3M+61.2% | $8.8M-19.3% | $11.0M+67.8% | $6.5M-4.9% | $6.9M |
| Accounts Receivable | $5.2M+31.2% | $4.0M-16.9% | $4.8M+94.3% | $2.5M-52.1% | $5.1M |
| Goodwill | $0 | $0-100.0% | $37.8M+668.4% | $4.9M+2.1% | $4.8M |
| Total Liabilities | $146.4M-7.6% | $158.5M+22.4% | $129.5M+22.6% | $105.6M+144.2% | $43.3M |
| Current Liabilities | $66.5M-23.9% | $87.4M+61.8% | $54.0M-2.2% | $55.2M+181.8% | $19.6M |
| Long-Term Debt | $50.6M-10.5% | $56.5M-9.8% | $62.6M+39.7% | $44.8M+191.6% | $15.4M |
| Total Equity | $116.2M+29.5% | $89.8M-46.8% | $168.9M-7.3% | $182.1M+593.2% | $26.3M |
| Retained Earnings | -$190.4M+0.3% | -$190.9M-106.0% | -$92.7M-55.1% | -$59.8M-258.7% | -$16.7M |
GLASF Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
GLASF Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.99+0.4 | 0.56-0.2 | 0.72-0.5 | 1.24+0.3 | 0.94 |
| Debt-to-Equity | 0.43-0.2 | 0.63+0.3 | 0.37+0.1 | 0.25-0.3 | 0.58 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Glass House Brands Inc's annual revenue?
Glass House Brands Inc (GLASF) reported $200.9M in total revenue for fiscal year 2024. This represents a 24.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Glass House Brands Inc's revenue growing?
Glass House Brands Inc (GLASF) revenue grew by 24.9% year-over-year, from $160.8M to $200.9M in fiscal year 2024.
Is Glass House Brands Inc profitable?
Yes, Glass House Brands Inc (GLASF) reported a net income of $519K in fiscal year 2024, with a net profit margin of 0.3%.
What is Glass House Brands Inc's earnings per share (EPS)?
Glass House Brands Inc (GLASF) reported diluted earnings per share of $-0.21 for fiscal year 2024. This represents a 87.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Glass House Brands Inc's EBITDA?
Glass House Brands Inc (GLASF) had EBITDA of $20.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Glass House Brands Inc have?
As of fiscal year 2024, Glass House Brands Inc (GLASF) had $36.9M in cash and equivalents against $50.6M in long-term debt.
What is Glass House Brands Inc's gross margin?
Glass House Brands Inc (GLASF) had a gross margin of 48.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Glass House Brands Inc's operating margin?
Glass House Brands Inc (GLASF) had an operating margin of 2.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Glass House Brands Inc's net profit margin?
Glass House Brands Inc (GLASF) had a net profit margin of 0.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Glass House Brands Inc's return on equity (ROE)?
Glass House Brands Inc (GLASF) has a return on equity of 0.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Glass House Brands Inc's free cash flow?
Glass House Brands Inc (GLASF) generated $18.1M in free cash flow during fiscal year 2024. This represents a 65.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Glass House Brands Inc's operating cash flow?
Glass House Brands Inc (GLASF) generated $28.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Glass House Brands Inc's total assets?
Glass House Brands Inc (GLASF) had $310.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Glass House Brands Inc's capital expenditures?
Glass House Brands Inc (GLASF) invested $10.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Glass House Brands Inc's current ratio?
Glass House Brands Inc (GLASF) had a current ratio of 0.99 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Glass House Brands Inc's debt-to-equity ratio?
Glass House Brands Inc (GLASF) had a debt-to-equity ratio of 0.43 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Glass House Brands Inc's return on assets (ROA)?
Glass House Brands Inc (GLASF) had a return on assets of 0.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Glass House Brands Inc's Altman Z-Score?
Glass House Brands Inc (GLASF) has an Altman Z-Score of 2.28, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Glass House Brands Inc's Piotroski F-Score?
Glass House Brands Inc (GLASF) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Glass House Brands Inc's earnings high quality?
Glass House Brands Inc (GLASF) has an earnings quality ratio of 54.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Glass House Brands Inc cover its interest payments?
Glass House Brands Inc (GLASF) has an interest coverage ratio of 0.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Glass House Brands Inc?
Glass House Brands Inc (GLASF) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.