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Glass House Brands (TSE:GLAS.A.USD)
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GLAS.A.USD
Glass House Brands
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Glass House Brands (GLAS.A.USD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 17, 2026
After Close (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
-0.05
Last Year’s EPS
0.05
Same Quarter Last Year
Analyst Consensus
―
Based on 0 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 13, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mix of meaningful strategic and operational positives alongside material near‑term financial challenges. Positives include federal rescheduling to Schedule III (creating interstate and export optionality), DEA registrations and export application progress, greenhouse capacity expansion, initial hemp harvest and an announced retail JV with Vireo — all of which could substantially expand addressable markets and long‑term margins. Offsetting these are near‑term operational inefficiencies: a sharp rise in cost of production (to $175/lb), margin compression (Q1 gross margin 25%), negative adjusted EBITDA (−$4.2M), negative operating cash flow (−$11.8M), an elevated uncertain tax provision (~$35M), and lowered profitability and year‑end cash expectations. Management reiterated 2026 revenue and production targets and provided a path to restore cost targets (long‑term $95/lb goal), but the timing and realization of interstate/export benefits remain dependent on regulatory and state coordination. Overall, the call balances credible long‑term upside with clear short‑term execution and financial headwinds.
Company Guidance
Management reiterated full-year 2026 guidance of net revenues of $235–245 million while updating profitability and cost assumptions: they expect to produce ~1.0 million pounds of biomass, with a wholesale ASP in the mid-$180s per pound, an updated average cost of production of ~$111/lb (vs prior ~$100) and a long‑term quarterly target of $95/lb in H2; full‑year gross profit margin is now expected in the mid‑40% range (down from ~48%) and adjusted EBITDA in the high $30 millions (down from prior high $40M guidance), with year‑end cash in the low $40M range (previously ≈$50M). For Q2 they guided revenue of $55–60M, ~240,000 lbs produced, ASP ~$185–190/lb, cost of production ≈$120/lb and gross margin in the high‑40% range; management noted Q1 results (revenue $40.5M, 152k lbs produced, ASP $171/lb, cost $175/lb, adj. EBITDA -$4.2M, cash ~$27.9M) drove the revisions and that any interstate/export or hemp contributions (Greenhouse 4 ~100k lbs initial capacity, expandable to ~300k lbs) would be incremental to guidance.
Rescheduling to Schedule III — Strategic Breakthrough
Medical cannabis rescheduled to Schedule III; Glass House registered retail, cultivation and processing licenses with the DEA (Form 225 submitted) and completed an export application, positioning the company to pursue interstate commerce and international exports — potential to meaningfully expand addressable market and pricing dynamics outside California.
Maintained Full-Year Revenue and Production Guidance
Reiterated 2026 net revenue guidance of $235–245 million and production guidance of ~1.0 million pounds of biomass, signaling confidence in long-term scale despite near-term headwinds.
Q1 Production Above Guidance
Produced 152,000 pounds of wholesale biomass in Q1, ahead of guidance of 138,000 pounds (+10.1%), and in line with prior-year production (153,000).
Retail Outperformance in a Weak California Market
Retail sales of $11.9 million in Q1, up from $11.8 million a year ago, with same-store performance outperforming the California market (state declined ~8.5% for the period).
Greenhouse Capacity Expansion and Hemp Opportunity
Accelerated build-out of final 2/3 of Greenhouse 2 (total capacity >300,000 lbs biomass annually) and initial hemp production from Greenhouse 4 (current capability ~100,000 lbs annually, expandable to ~300,000 lbs); initial hemp harvest completed with anticipated sales this summer (international hemp/CBD markets).
Retail Joint Venture with Vireo Growth
Announced California retail joint venture with Vireo (50/50), combining dispensary portfolios and a supply agreement intended to improve pricing and profitability for both retail and wholesale operations; JV provides a potential 5-year off‑ramp to sell Glass House ownership to Vireo.
Improved Quarter-End Liquidity vs Year-End
Period ending cash and restricted cash of $27.9 million at quarter end, up from $23.4 million at year-end 2025 (+19%), and completed capital raise (~$22M drawn from a closed $25M ATM) to support greenhouse build-outs.

Glass House Brands (TSE:GLAS.A.USD) Earnings, Revenues Date & History

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TSE:GLAS.A.USD Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 17, 2026
2026 (Q2)
-0.05 / -
0.05―――
May 13, 2026
2026 (Q1)
-0.17 / -0.21
-0.18-19.44% (-0.04)
Mar 24, 2026
2025 (Q4)
-0.19 / -0.20
0.157-230.57% (-0.36)
Nov 12, 2025
2025 (Q3)
-0.17 / -0.15
-0.09-66.67% (-0.06)
Aug 13, 2025
2025 (Q2)
-0.06 / 0.05
0.08-37.50% (-0.03)
May 13, 2025
2025 (Q1)
-0.14 / -0.18
-0.40655.67% (+0.23)
Mar 25, 2025
2024 (Q4)
-0.10 / 0.16
-0.43136.51% (+0.59)―
Nov 13, 2024
2024 (Q3)
<0.01 / -0.09
0――
Aug 13, 2024
2024 (Q2)
-0.01 / 0.08
-0.39120.51% (+0.47)―
May 14, 2024
2024 (Q1)
-0.13 / -0.30
-0.41428.77% (+0.12)―
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

FAQ

When does Glass House Brands (TSE:GLAS.A.USD) report earnings?
Glass House Brands (TSE:GLAS.A.USD) is schdueled to report earning on Aug 17, 2026, After Close (Confirmed).
    What is Glass House Brands (TSE:GLAS.A.USD) earnings time?
    Glass House Brands (TSE:GLAS.A.USD) earnings time is at Aug 17, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
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          What is TSE:GLAS.A.USD EPS forecast?
          TSE:GLAS.A.USD EPS forecast for the fiscal quarter 2026 (Q2) is -0.05.