Glass House Brands Inc. (GLASF) Form 6-K — Aug 14, 2026
Glass House Brands reported Q2 2026 results showing a swing to a $6.8 million net loss attributable to the company from $8.7 million of net income a year earlier, as Q2 net revenue slipped 1.2% to $47.0 million and gross profit fell to $15.8 million from $26.1 million on a 45% jump in cost of goods sold. The results reflect continuing operations only, following the June 12, 2026 Deconsolidation Transaction that separated the California retail dispensary business (Glass House Retail, LLC) at a $2.5 million loss, after which the company's subordinate voting shares began trading on the NYSE under the symbol GLAS on June 30, 2026.
Key figures
- Revenue
- 47017000
- Total Debt
- 71287000
- Revenue Yoy
- -1.2% YoY (Q2 2026); -6.2% YoY (H1 2026)
- Cash Position
- 22054000
- Shares Outstanding
- 88760511
- Revenue basis
- continuing operations (retail business deconsolidated June 12, 2026)
- H1 2026 revenue
- 75627000
- Restricted cash
- 3500000
- Accumulated deficit
- 244000000
- Q2 2025 gross profit
- 26070000
- Q2 2026 gross profit
- 15768000
- New 2026 atm capacity
- 100000000
- Q2 2025 operating income
- 10281000
- H1 2026 atm gross proceeds
- $18.7M (2024 ATM) + $4.9M (2026 ATM)
- Lompoc loan covenant status
- DSCR covenant breached at Dec 31, 2025; lender waiver granted March 2026 suspending acceleration rights for at least 12 months
- Q2 2026 preferred dividends
- 2900000
- Convertible debentures outstanding
- 14357000
- Senior facility effective fixed rate
- 8.58%
- Post quarter warrant exercise proceeds
- 10100000
- Senior secured credit facility principal
- 50000000
- Single customer revenue concentration pct
- 21
- Fair value retained GHR exchangeable units
- 13825000
AI analysis
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