Glass House Brands Inc. (GLASF) Form 6-K — Oct 19, 2026
Glass House Brands reported preliminary unaudited Q3 2026 revenue of $56.8 million, up from $47.0 million in Q2 and $26.2 million a year ago, with record biomass production of roughly 317,000 pounds and a 10% sequential cut in cost of production to about $110 per pound. Margin pressure emerged from California market pricing: average selling price fell to $150 per pound from $211 in Q2, compressing gross margin to 26% from 34%. Operating cash flow was slightly negative at $(0.4) million, though cash rose $17.6 million to $39.7 million after raising $18 million via ATM plus $10 million from warrants; management says it has turned the ATM off.
Key figures
- Revenue
- 56800000
- Net Income
- 0
- Revenue Yoy
- 117% increase vs. $26.2M in Q3 2025
- Gross Profit
- 14900000
- Cash Position
- 39700000
- Gross margin pct
- 26
- Atm avg price usd
- 8.11
- Cost per pound usd
- 110
- Atm proceeds q3 usd
- 18000000
- Warrant proceeds usd
- 10000000
- Prior quarter asp usd
- 211
- Biomass production lbs
- 317000
- Fy2026 atm avg price usd
- 8.41
- Fy2026 atm gross proceeds usd
- 46000000
- Fy2026 production guidance lbs
- 1000000
- Avg selling price per pound usd
- 150
- Prior quarter cost per pound usd
- 122
- Long term cost target per pound usd
- 95
AI analysis
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