)
Visual
earnings real time
Glass House Brands (GLASF) investor relations material
Glass House Brands has been otc
Glass House Brands Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Q3 2025 was marked by major operational disruptions, including federal raids and labor changes, resulting in a planned scale-back in planting and production and a temporary operational setback.
The company operates the largest cannabis cultivation footprint in California, with up to 6 million sq. ft. of facilities and a vertically integrated model.
Retail and CPG segments delivered strong year-over-year growth, outperforming the broader California market, while wholesale revenue and production declined due to operational disruptions.
Achieved six consecutive quarters of same-store retail sales growth and record retail revenue, with Allswell becoming a top 3 California flower brand by unit sales.
Recent milestones include refinancing senior secured debt with a new $50M loan maturing in 2030 and becoming the first U.S. plant-touching cannabis company listed on Robinhood.
Financial highlights
Q3 2025 revenue was $38.4 million, down from $63.8 million YoY and $59.9 million sequentially, with gross margin at 31% and adjusted EBITDA at -$2.3 million.
Q3 2025 net loss was $12.2 million, following net income of $8.7 million in Q2 2025.
Operating cash flow was -$5.1 million, with cash and restricted cash at quarter end between $26.3 million and $30 million, down from $44 million last quarter.
Wholesale biomass sold was 123,986–137,000 lbs, with an average selling price of $155/lb and cost of production rising to $128/lb.
General and administrative expenses rose 10% YoY to $15.9 million; professional fees increased to $2.5 million.
Outlook and guidance
Q4 2025 revenue expected between $37–$39 million, with wholesale biomass production at 140,000–145,000 lbs and selling price $145–$150/lb.
Full-year 2025 revenue now guided to $180–$182 million, gross margin at 41%, and adjusted EBITDA at $14–$16 million.
Full production at existing greenhouses is expected in Q1 2026, with record acreage planted by year-end 2025 and a long-term production cost target of $95/lb.
Anticipates ending 2025 with ~$20 million in cash and significant cash generation in Q2 2026.
Expansion of Greenhouse 2 is underway, with full buildout expected in 2026.
Path to $95/lb production cost target
Impact of Series E on cash flow and dilution
Timeline for full Greenhouse 2 & 4 operations?
Long-term COGS impact from new hiring
International market margin potential
Market absorption of new capacity
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Glass House Brands earnings date
Q4 202512 Mar, 2026
Next Glass House Brands earnings date
Q4 202512 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Glass House Brands Inc cultivates, manufactures, and distributes cannabis products for the medical and adult-use markets. It operates cultivation facilities and retail dispensaries primarily in California. The company is headquartered in Long Beach, California, and its shares are listed on the NEO Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage