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Glass House Brands Valuation Multiples
Discover revenue and EBITDA valuation multiples for Glass House Brands and similar public comparables like Tilray Brands, Vireo Growth, Canopy Growth, Verano Holdings and more.
Glass House Brands Overview
About Glass House Brands
Glass House Brands Inc is an integrated cannabis company that operates exclusively in the state of California. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness. It cultivates, manufactures, and distributes cannabis bulk flower and trim to wholesalers and consumer packaged goods to third-party retail stores. It also owns and operates retail cannabis stores in the state of California. It has three reportable segments: Retail, Wholesale Biomass, and Cannabis-related consumer packaged goods. It generates the majority of its revenue from the Wholesale Biomass segment.
Founded
2019
HQ
Employees
376
Website
Financials (LTM)
EV
$745M
Glass House Brands Financials
Glass House Brands reported last 12-month revenue of $200M and EBITDA of $25M.
In the same LTM period, Glass House Brands generated $86M in gross profit, $25M in EBITDA, and had net loss of ($22M).
Revenue (LTM)
Glass House Brands P&L
In the most recent fiscal year, Glass House Brands reported revenue of $182M and EBITDA of $17M.
Glass House Brands expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $200M | XXX | $182M | XXX | XXX | XXX |
| Gross Profit | $86M | XXX | $77M | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $25M | XXX | $17M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | (3%) | XXX | (8%) | XXX | XXX | XXX |
| Net Profit | ($22M) | XXX | ($29M) | XXX | XXX | XXX |
| Net Margin | (11%) | XXX | (16%) | XXX | XXX | XXX |
| Net Debt | — | — | $49M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Glass House Brands Stock Performance
Glass House Brands has current market cap of $690M, and enterprise value of $745M.
Market Cap Evolution
Glass House Brands' stock price is $8.21.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $745M | $690M | -1.7% | XXX | XXX | XXX | $-0.34 |
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Start Free TrialGlass House Brands Valuation Multiples
Glass House Brands trades at 3.7x EV/Revenue multiple, and 29.5x EV/EBITDA.
EV / Revenue (LTM)
Glass House Brands Financial Valuation Multiples
As of April 19, 2026, Glass House Brands has market cap of $690M and EV of $745M.
Equity research analysts estimate Glass House Brands' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Glass House Brands has a P/E ratio of (31.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $690M | XXX | $690M | XXX | XXX | XXX |
| EV (current) | $745M | XXX | $745M | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 29.5x | XXX | 43.9x | XXX | XXX | XXX |
| EV/EBIT | (139.8x) | XXX | (50.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 8.6x | XXX | 9.7x | XXX | XXX | XXX |
| P/E | (31.0x) | XXX | (23.8x) | XXX | XXX | XXX |
| EV/FCF | (131.7x) | XXX | (47.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Glass House Brands Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Glass House Brands Margins & Growth Rates
Glass House Brands' revenue in the last 12 month grew by 24%.
Glass House Brands' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Glass House Brands' rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Glass House Brands' rule of X is 102% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Glass House Brands Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 96% | XXX | 165% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 52% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 102% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 40% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 50% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Glass House Brands Public Comps
See public comps and valuation multiples for other Cannabis comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Glass House Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Tilray Brands | XXX | XXX | XXX | XXX | XXX | XXX |
| Vireo Growth | XXX | XXX | XXX | XXX | XXX | XXX |
| Canopy Growth | XXX | XXX | XXX | XXX | XXX | XXX |
| Verano Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| SNDL | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Glass House Brands M&A Activity
Glass House Brands acquired XXX companies to date.
Last acquisition by Glass House Brands was on XXXXXXXX, XXXXX. Glass House Brands acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Glass House Brands
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialGlass House Brands Investment Activity
Glass House Brands invested in XXX companies to date.
Glass House Brands made its latest investment on XXXXXXXX, XXXXX. Glass House Brands invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Glass House Brands
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Glass House Brands
| When was Glass House Brands founded? | Glass House Brands was founded in 2019. |
| Where is Glass House Brands headquartered? | Glass House Brands is headquartered in United States. |
| How many employees does Glass House Brands have? | As of today, Glass House Brands has over 376 employees. |
| Is Glass House Brands publicly listed? | Yes, Glass House Brands is a public company listed on OTC Pink Sheets. |
| What is the stock symbol of Glass House Brands? | Glass House Brands trades under GLASF ticker. |
| When did Glass House Brands go public? | Glass House Brands went public in 2021. |
| Who are competitors of Glass House Brands? | Glass House Brands main competitors are Tilray Brands, Vireo Growth, Canopy Growth, Verano Holdings. |
| What is the current market cap of Glass House Brands? | Glass House Brands' current market cap is $690M. |
| What is the current revenue of Glass House Brands? | Glass House Brands' last 12 months revenue is $200M. |
| What is the current revenue growth of Glass House Brands? | Glass House Brands revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Glass House Brands? | Current revenue multiple of Glass House Brands is 3.7x. |
| Is Glass House Brands profitable? | Yes, Glass House Brands is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Glass House Brands? | Glass House Brands' last 12 months EBITDA is $25M. |
| What is Glass House Brands' EBITDA margin? | Glass House Brands' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Glass House Brands? | Current EBITDA multiple of Glass House Brands is 29.5x. |
| What is the current FCF of Glass House Brands? | Glass House Brands' last 12 months FCF is ($6M). |
| What is Glass House Brands' FCF margin? | Glass House Brands' last 12 months FCF margin is (3%). |
| What is the current EV/FCF multiple of Glass House Brands? | Current FCF multiple of Glass House Brands is (131.7x). |
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