Brief: Glass House Brands Q2 Sales USD 59.9 Million

Glass House Brands

13/08/2025 21:05

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)