Glass House Brands Inc
OTC:GLASF
Income Statement
Earnings Waterfall
Glass House Brands Inc
Income Statement
Glass House Brands Inc
| Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||
| Interest Expense |
2
|
1
|
2
|
2
|
3
|
3
|
3
|
6
|
8
|
8
|
9
|
9
|
10
|
10
|
10
|
10
|
9
|
9
|
9
|
|
| Revenue |
48
N/A
|
64
+32%
|
82
+29%
|
99
+21%
|
69
-30%
|
68
-2%
|
66
-3%
|
77
+17%
|
85
+10%
|
106
+25%
|
134
+27%
|
154
+15%
|
161
+4%
|
162
+1%
|
171
+6%
|
187
+9%
|
201
+8%
|
216
+7%
|
222
+3%
|
|
| Gross Profit | ||||||||||||||||||||
| Cost of Revenue |
(30)
|
(39)
|
(49)
|
(64)
|
(53)
|
(55)
|
(61)
|
(66)
|
(64)
|
(75)
|
(79)
|
(82)
|
(80)
|
(80)
|
(85)
|
(94)
|
(104)
|
(111)
|
(113)
|
|
| Gross Profit |
19
N/A
|
24
+29%
|
33
+36%
|
35
+7%
|
16
-54%
|
13
-19%
|
5
-65%
|
11
+139%
|
21
+89%
|
31
+50%
|
55
+77%
|
73
+31%
|
81
+12%
|
82
+1%
|
86
+5%
|
93
+9%
|
97
+4%
|
105
+8%
|
108
+3%
|
|
| Operating Income | ||||||||||||||||||||
| Operating Expenses |
(25)
|
(43)
|
(43)
|
(57)
|
(51)
|
(56)
|
(64)
|
(71)
|
(71)
|
(73)
|
(76)
|
(78)
|
(78)
|
(82)
|
(86)
|
(84)
|
(85)
|
(85)
|
(83)
|
|
| Selling, General & Administrative |
(22)
|
(32)
|
(41)
|
(52)
|
(46)
|
(50)
|
(55)
|
(59)
|
(59)
|
(60)
|
(62)
|
(64)
|
(63)
|
(67)
|
(71)
|
(69)
|
(70)
|
(70)
|
(68)
|
|
| Depreciation & Amortization |
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(7)
|
(9)
|
(11)
|
(12)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
|
| Other Operating Expenses |
0
|
(8)
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(6)
N/A
|
(19)
-210%
|
(10)
+47%
|
(21)
-115%
|
(35)
-64%
|
(43)
-23%
|
(59)
-37%
|
(60)
-1%
|
(51)
+15%
|
(42)
+17%
|
(21)
+51%
|
(6)
+72%
|
3
N/A
|
(0)
N/A
|
0
N/A
|
9
+2 632%
|
12
+30%
|
20
+64%
|
25
+28%
|
|
| Pre-Tax Income | ||||||||||||||||||||
| Interest Income Expense |
(4)
|
(5)
|
(6)
|
(7)
|
(3)
|
(4)
|
(5)
|
(8)
|
(10)
|
(12)
|
(13)
|
(12)
|
(12)
|
(10)
|
(10)
|
(9)
|
(8)
|
(10)
|
(10)
|
|
| Non-Reccuring Items |
0
|
(6)
|
(6)
|
(6)
|
(7)
|
(1)
|
(1)
|
(1)
|
(6)
|
(23)
|
(25)
|
(24)
|
(53)
|
(30)
|
(28)
|
(35)
|
(6)
|
(8)
|
(8)
|
|
| Total Other Income |
0
|
0
|
0
|
3
|
4
|
(3)
|
4
|
32
|
29
|
32
|
5
|
(23)
|
(27)
|
(30)
|
(1)
|
(5)
|
14
|
20
|
18
|
|
| Pre-Tax Income |
(10)
N/A
|
(29)
-187%
|
(22)
+25%
|
(31)
-41%
|
(41)
-33%
|
(51)
-24%
|
(61)
-20%
|
(36)
+41%
|
(37)
-3%
|
(46)
-23%
|
(53)
-16%
|
(65)
-22%
|
(88)
-36%
|
(69)
+21%
|
(39)
+43%
|
(40)
-1%
|
11
N/A
|
22
+92%
|
25
+16%
|
|
| Net Income | ||||||||||||||||||||
| Tax Provision |
(6)
|
(8)
|
(11)
|
(11)
|
(3)
|
(0)
|
1
|
(1)
|
4
|
(9)
|
(12)
|
(16)
|
(10)
|
(8)
|
(3)
|
(6)
|
(10)
|
(13)
|
(17)
|
|
| Income from Continuing Operations |
(17)
|
(38)
|
(33)
|
(42)
|
(44)
|
(51)
|
(61)
|
(38)
|
(33)
|
(55)
|
(65)
|
(81)
|
(98)
|
(78)
|
(43)
|
(46)
|
1
|
9
|
8
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Net Income (Common) |
(17)
N/A
|
(38)
-125%
|
(33)
+13%
|
(42)
-30%
|
(44)
-5%
|
(51)
-15%
|
(60)
-19%
|
(37)
+38%
|
(33)
+12%
|
(54)
-66%
|
(65)
-20%
|
(81)
-24%
|
(98)
-22%
|
(78)
+21%
|
(43)
+45%
|
(46)
-7%
|
1
N/A
|
9
+1 594%
|
7
-15%
|
|
| EPS (Diluted) |
-0.78
N/A
|
-1.55
-99%
|
-1.33
+14%
|
-0.82
+38%
|
-1.13
-38%
|
-0.88
+22%
|
-1.01
-15%
|
-0.6
+41%
|
-0.51
+15%
|
-0.74
-45%
|
-0.91
-23%
|
-1.1
-21%
|
-1.36
-24%
|
-1.27
+7%
|
-0.52
+59%
|
-0.6
-15%
|
0.01
N/A
|
0.11
+1 000%
|
0.09
-18%
|
|