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Glass House Q2 revenue up 11%, beats expectations

ReutersAug 13, 2025 8:15 PM


Overview

  • Glass House Q2 revenue rises 11% yr/yr, beating analyst expectations, per LSEG data

  • Adjusted EBITDA for Q2 beats expectations

  • Company achieved substantial reduction in production costs, boosting cash flow


Outlook

  • Company expects Q3 revenue between $35 mln and $38 mln

  • Glass House forecasts Q3 biomass production of 95,000 to 100,000 pounds

  • Company anticipates Q4 revenue to be approximately $53 mln

  • Glass House sees full-year revenue at $190 mln to $195 mln


Result Drivers

  • BIOMASS PRODUCTION - Wholesale biomass production increased by 54% year-over-year to 230,748 pounds, surpassing guidance of 210,000 to 215,000 pounds

  • COST EFFICIENCY - Cost of production improved to $91 per pound from $148 per pound in Q2 2024, below the company's long-term target of $100 per pound

  • RETAIL PERFORMANCE - Retail revenues rose 13% year-over-year, driven by strong same-store sales and increased consumer demand for branded products


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$59.90 mln

$58.10 mln (2 Analysts)

Q2 Adjusted EBITDA

Beat

$18.10 mln

$11.60 mln (2 Analysts)

Q2 Gross Margin

53.0%

Q2 Gross Profit

$31.90 mln

Q2 Operating Cash Flow

$17.70 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the drug retailers peer group is "buy"

  • Wall Street's median 12-month price target for Glass House Brands Inc is $11.50, about 40.4% above its August 12 closing price of $6.85

Press Release: ID:nGNX4h1C7

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