Glass House Brands Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	19.85	33.92	29.52	11.14	51.07
Cash & Short-Term Investments	19.85	33.92	29.52	11.14	51.07
Cash Growth	-41.48%	14.90%	164.94%	-78.18%	1026.00%
Accounts Receivable	4.42	5.22	3.98	4.79	2.46
Other Receivables	0.79	1.93	-	-	-
Receivables	6.01	7.15	3.98	6.04	2.46
Inventory	26.23	14.25	8.84	10.95	6.53
Prepaid Expenses	15.66	7.78	3.87	7.76	5.56
Restricted Cash	-	3	3	3	3
Total Current Assets	67.75	66.1	49.22	38.89	68.62
Property, Plant & Equipment	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	11.58	14.2	21.21	35.92	5.63
Long-Term Deferred Tax Assets	-	-	-	1.51	-
Other Long-Term Assets	4.56	4.87	4.47	4.69	2.34
Total Assets	318.56	310.5	303.78	350.63	287.58
Accounts Payable	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	7.64	7.55	0.04	0.04
Current Portion of Leases	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	37.96	66.48	87.36	54	55.24
Long-Term Debt	70.28	50.55	56.51	62.62	44.82
Long-Term Leases	3.95	8.55	9.22	10.07	2.87
Long-Term Deferred Tax Liabilities	-	-	-	-	1.28
Other Long-Term Liabilities	31.76	20.87	5.44	2.8	1.45
Total Liabilities	143.96	146.45	158.54	129.49	105.65
Additional Paid-In Capital	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	73.94	116.24	89.76	168.86	182.13
Minority Interest	100.67	47.82	55.48	52.27	-0.2
Shareholders' Equity	174.6	164.06	145.24	221.13	181.94
Total Liabilities & Equity	318.56	310.5	303.78	350.63	287.58
Total Debt	76.23	69.2	75.13	73.88	47.99
Net Cash (Debt)	-56.38	-35.28	-45.6	-62.73	3.08
Net Cash Per Share	-0.69	-0.47	-0.63	-0.98	0.08
Filing Date Shares Outstanding	84.04	77.3	71.08	69.43	56.82
Total Common Shares Outstanding	81.73	76.91	70.94	68.22	56.82
Working Capital	29.79	-0.38	-38.14	-15.11	13.38
Book Value Per Share	0.90	1.51	1.27	2.48	3.21
Tangible Book Value	62.36	102.04	68.55	95.14	171.59
Tangible Book Value Per Share	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.