Glass House Brands Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	24.43	19.85	33.92	29.52	11.14	51.07
Cash & Short-Term Investments	24.43	19.85	33.92	29.52	11.14	51.07
Cash Growth	-29.43%	-41.48%	14.90%	164.94%	-78.18%	1026.00%
Accounts Receivable	6.44	4.42	5.22	3.98	4.79	2.46
Other Receivables	0.77	0.79	1.93	-	-	-
Receivables	7.21	6.01	7.15	3.98	6.04	2.46
Inventory	31.54	26.23	14.25	8.84	10.95	6.53
Prepaid Expenses	11.18	15.66	7.78	3.87	7.76	5.56
Restricted Cash	-	-	3	3	3	3
Total Current Assets	74.35	67.75	66.1	49.22	38.89	68.62
Property, Plant & Equipment	235.44	234.67	222.99	226.55	227.56	198.88
Long-Term Investments	-	-	2.34	2.33	4.25	7.2
Goodwill	-	-	-	-	37.8	4.92
Other Intangible Assets	11.63	11.58	14.2	21.21	35.92	5.63
Long-Term Deferred Tax Assets	-	-	-	-	1.51	-
Other Long-Term Assets	3.94	4.56	4.87	4.47	4.69	2.34
Total Assets	325.35	318.56	310.5	303.78	350.63	287.58
Accounts Payable	38.07	13.72	8.69	5.54	6.01	4.34
Accrued Expenses	-	22.26	22.44	21.39	15.96	5.59
Current Portion of Long-Term Debt	0.04	0.04	7.64	7.55	0.04	0.04
Current Portion of Leases	2.1	1.95	2.45	1.84	1.14	0.27
Current Income Taxes Payable	-	-	2.41	7.88	7.6	3.81
Other Current Liabilities	-	-	22.84	43.16	23.25	41.19
Total Current Liabilities	40.21	37.96	66.48	87.36	54	55.24
Long-Term Debt	67.82	70.28	50.55	56.51	62.62	44.82
Long-Term Leases	3.84	3.95	8.55	9.22	10.07	2.87
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.28
Other Long-Term Liabilities	36.04	31.76	20.87	5.44	2.8	1.45
Total Liabilities	147.91	143.96	146.45	158.54	129.49	105.65
Additional Paid-In Capital	84.95	294.01	306.65	280.7	261.53	241.9
Retained Earnings	-	-220.08	-190.42	-190.94	-92.67	-59.76
Total Common Equity	84.95	73.94	116.24	89.76	168.86	182.13
Minority Interest	-	100.67	47.82	55.48	52.27	-0.2
Shareholders' Equity	177.45	174.6	164.06	145.24	221.13	181.94
Total Liabilities & Equity	325.35	318.56	310.5	303.78	350.63	287.58
Total Debt	73.8	76.23	69.2	75.13	73.88	47.99
Net Cash (Debt)	-49.37	-56.38	-35.28	-45.6	-62.73	3.08
Net Cash Per Share	-0.60	-0.69	-0.47	-0.63	-0.98	0.08
Filing Date Shares Outstanding	81.73	84.04	77.3	71.08	69.43	56.82
Total Common Shares Outstanding	81.73	81.73	76.91	70.94	68.22	56.82
Working Capital	34.15	29.79	-0.38	-38.14	-15.11	13.38
Book Value Per Share	1.04	0.90	1.51	1.27	2.48	3.21
Tangible Book Value	73.32	62.36	102.04	68.55	95.14	171.59
Tangible Book Value Per Share	0.90	0.76	1.33	0.97	1.39	3.02
Land	-	76.03	70.89	70.89	70.89	70.78
Buildings	-	163.04	154.04	143.21	140.04	108.02
Machinery	-	12.57	12.58	10.33	8.52	6.03
Construction In Progress	-	20.35	6.46	10.17	6.45	11.87
Leasehold Improvements	-	15.63	15.57	14.68	10.93	8.41

Source: S&P Global Market Intelligence. Standard template. Financial Sources.