GLAS
Glass House Brands Inc.
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What it owns, and who has a claim on it
Both columns are the same height because they are the same money, counted twice: once by what it is, once by who it belongs to.
| Receivables | $4M1% |
|---|---|
| Inventory | $26M8% |
| Property & equipment | $229M72% |
| Intangibles | $12M4% |
| Other assetsincludes 2 line items this filer does not report separately | $48M15% |
| Other liabilitiesincludes 2 line items this filer does not report separately | $144M45% |
|---|---|
| Shareholders' equity | $74M23% |
| Not read from this filingThis filer's own stated total for liabilities plus equity equals their total assets, so the filing balances against its own arithmetic. This band is the part this page did not read. Whether that line is tagged under a name this site does not map, tagged only with a dimension, or not tagged in the filing's XBRL cannot be told from the figures held here. | $101M32% |
Not reported separately
This filer does not break these out. They are inside the totals, counted in the shaded remainder — not estimated, and not set to zero.
Glass House Brands Inc. (GLAS) files with the SEC as a health care company. Its most recent balance sheet puts total assets at $319M, against $144M of liabilities and $74M of equity, as at 2025-12-31. That balance sheet grew 2.6% against 2024-12-31, when total assets were $311M. Liabilities account for 45.2% of the balance sheet and equity 23.2%, about $1.95 of liabilities for every dollar of equity. The largest single line on the asset side is Property & equipment at $229M, 71.8% of total assets, followed by Inventory at $26M. The figures come from a filing filed on 2026-03-24. Some line items this filer reports are not broken out separately here; the totals are complete and the difference is shown as a remainder rather than distributed across the lines that are named. As filed, Glass House Brands Inc.'s stated liabilities plus equity equals its total assets — the balance sheet balances, and the filer's own arithmetic is sound. The components this page reads fall 31.6% short of that stated total, so something on the credit side is not reaching this page: either tagged under a name this site does not read, or not tagged in the filing's XBRL at all. Those are indistinguishable from here, so the shortfall is shown as read rather than filled in. Every figure above is as filed, taken from the most recent filing that reported it. Nothing is estimated or smoothed, and where the filing and the identity disagree the disagreement is shown rather than closed.
Most of what GLAS owns is physical — property, equipment and inventory account for 80% of total assets.
It is mostly funded by others: equity is 23% of the balance sheet and liabilities are the remaining 77%.
Not every line item is reported separately by this filer: cash, goodwill, accounts payable, long-term debt are inside the totals rather than broken out.
The numbers behind Glass House Brands Inc.’s balance sheet
The check, written out
Assets $318,557,000 − (liabilities $143,955,000 + equity $73,936,000) = $100,666,000
The filer's own stated total for liabilities and equity is $318,557,000; that equals its total assets, so the filing balances against its own arithmetic and the difference is what this site did not read.
Ratios
| Liabilities to assets | $144M ÷ $319M | 45.2% |
|---|---|---|
| Equity to assets | $74M ÷ $319M | 23.2% |
| Liabilities to equity | $144M ÷ $74M | 1.95× |
| Largest asset line: Property & equipment | $229M ÷ $319M | 71.8% |
Does it balance, quarter by quarter
0 of the last 3 tested balance sheets on file reconcile as this site reads them. Each row is judged by the same check as the drawing above, and “latest filing” is the newest filing that carried that period's figures, since later filings repeat earlier periods as comparatives.
| Period end | Latest filing | Assets | Liabilities | Equity | A = L + E |
|---|---|---|---|---|---|
| 2025-12-31 | 2026-03-24 | $319M | $144M | $74M | Filer's own totals agree; we read 31.6% less than its stated total |
| 2024-12-31 | 2025-03-25 | $311M | $146M | $116M | Filer's own totals agree; we read 15.4% less than its stated total |
| 2023-12-31 | 2025-03-25 | $304M | $159M | $90M | Filer's own totals agree; we read 18.3% less than its stated total |
Where to go from here
- All Health Care companies — largest by total assets first, as most recently filed.
- Every company covered — the directory this page belongs to.
- How the check works — what “balanced” means and what the exceptions are.
Where the money goes
Every dollar of revenue over the year ended 2025-12-31, and what is left after each cost comes out.
| Cost of salesWhat it costs to make or buy what it sells | $105M58% |
|---|---|
| Operating costsRunning the business: staff, marketing, admin · computed as a remainder | $93M51% |
| TaxTax on profit | $12M7% |
| Everything elseInterest and other items · computed as a remainder | $1M1% |
GLAS spent more than it took in: revenue of $182 million against a loss of $30 million.
The largest single outflow is cost of sales, at 58% of revenue.
The size of it
Its annual sales sit just below Fiji.
Company figure: year ended 2025-12-31. GDP: World Bank, GDP (current US$), indicator NY.GDP.MKTP.CD, 2024.
Ask about these numbers
Answered from the figures on this page and nothing else. Ask for something that is not here — another company, a share price, an earlier quarter — and it will tell you it is not in the filing data.
This is a language model reading the same numbers you can see. It does not predict, rate or recommend.
Learn more
- What Is the Accounting Identity? Meaning and Example — Why Assets = Liabilities + Equity works as a test on data you did not produce, and what it means when a filing does not balance.
- Why Naive XBRL Extraction Breaks Balance Sheets (And How a Balance Check Catches It) — How the figure on this page was chosen out of the twenty-odd tags the filer published for it.
- 995 of 38,568 SEC Filings Failed Our Balance Sheet Check — 995 of 38,568 filings failed the check: the method, the reasons and the filings themselves.
Every figure here is also available as JSON — the API reference and what it costs.
Related companies
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