Glass House Brands Inc. (GLASF) Form 6-K — Oct 26, 2026
Glass House Brands reported preliminary unaudited Q3 2026 revenue of $56.8 million, up from $47.0 million in Q2 2026 and $26.2 million in Q3 2025, with record biomass production of roughly 317,000 pounds and cost of production down to about $110 per pound. However, average selling price fell to $150 per pound from $211 in the prior quarter, compressing gross margin to 26% from 34%, and operating cash flow was negative $0.4 million. The company raised $18 million via its ATM at an average of $8.11 per share plus $10 million from warrants, ending the quarter with $39.7 million in cash — a $17.6 million increase — and has now turned off the ATM.
Key figures
- Revenue
- 56800000
- Revenue Yoy
- 116.8% (from $26.2M in Q3 2025)
- Gross Profit
- 14900000
- Cash Position
- 39700000
- Atm proceeds
- $18 million at average $8.11 per share
- Gross margin pct
- 26
- Warrant proceeds
- 10000000
- Cash increase qoq
- $17.6 million (from $22.1 million)
- Biomass production lbs
- 317000
- Cost of production per lb
- 110
- Average selling price per lb
- 150
- Prior quarter gross margin pct
- 34
AI analysis
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