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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.
2019
376
LTM Revenue n/a
LTM EBITDA n/a
$387M
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Glass House Brands has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Glass House Brands achieved revenue of $201M and an EBITDA of $35.4M.
Glass House Brands expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Glass House Brands valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $161M | $201M | XXX | XXX | XXX |
| Gross Profit | $21.5M | $81.0M | XXX | XXX | XXX |
| Gross Margin | 13% | 40% | XXX | XXX | XXX |
| EBITDA | -$63.7M | $35.4M | XXX | XXX | XXX |
| EBITDA Margin | -40% | 18% | XXX | XXX | XXX |
| Net Profit | -$35.5M | -$98.3M | XXX | XXX | XXX |
| Net Margin | -22% | -49% | XXX | XXX | XXX |
| Net Debt | $51.5M | $34.5M | XXX | XXX | XXX |
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As of April 15, 2025, Glass House Brands's stock price is $5.
Glass House Brands has current market cap of $352M, and EV of $387M.
See Glass House Brands trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $387M | $352M | XXX | XXX | XXX | XXX | n/a |
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Sign UpAs of April 15, 2025, Glass House Brands has market cap of $352M and EV of $387M.
Glass House Brands's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Glass House Brands's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Glass House Brands and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $387M | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.9x | XXX | XXX | XXX |
| P/E | 677.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 21.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpGlass House Brands's NTM/LTM revenue growth is n/a
Glass House Brands's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Glass House Brands's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Glass House Brands's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Glass House Brands and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -156% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 34% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Live Verdure | XXX | XXX | XXX | XXX | XXX | XXX |
| Ascend Wellness Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Ayr Wellness | XXX | XXX | XXX | XXX | XXX | XXX |
| Cresco Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Grown Rogue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Glass House Brands acquired XXX companies to date.
Last acquisition by Glass House Brands was XXXXXXXX, XXXXX XXXXX XXXXXX . Glass House Brands acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 Canada. |
| How many employees does Glass House Brands have? | As of today, Glass House Brands has 376 employees. |
| Is Glass House Brands publicy listed? | Yes, Glass House Brands is a public company listed on NEOE. |
| What is the stock symbol of Glass House Brands? | Glass House Brands trades under GLAS.A.U ticker. |
| When did Glass House Brands go public? | Glass House Brands went public in 2021. |
| Who are competitors of Glass House Brands? | Similar companies to Glass House Brands include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs. |
| What is the current market cap of Glass House Brands? | Glass House Brands's current market cap is $352M |
| What is the current revenue growth of Glass House Brands? | Glass House Brands revenue growth between 2023 and 2024 was 25%. |
| Is Glass House Brands profitable? | Yes, Glass House Brands is EBITDA-positive (as of the last 12 months). |
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