Glass House Brands Inc
Glass House Brands Inc. operates as an integrated cannabis company in the United States. The company operates in three segments: Retail; Wholesale Biomass; and Cannabis-Related Consumer Packaged Goods. It cultivates, manufactures, and distributes cannabis bulk flowers and trims to wholesalers; and consumer packaged goods to third-party retail stores in California. The company owns and operates re… Read more
Glass House Brands Inc (GLASF) - Net Assets
Latest net assets as of September 2025: $104.26 Million USD
Based on the latest financial reports, Glass House Brands Inc (GLASF) has net assets worth $104.26 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($319.82 Million) and total liabilities ($215.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $104.26 Million |
| % of Total Assets | 32.6% |
| Annual Growth Rate | 58.07% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 255.6 |
Glass House Brands Inc - Net Assets Trend (2020–2024)
This chart illustrates how Glass House Brands Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Glass House Brands Inc (2020–2024)
The table below shows the annual net assets of Glass House Brands Inc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $164.06 Million | +12.96% |
| 2023-12-31 | $145.24 Million | -33.21% |
| 2022-12-31 | $217.44 Million | +20.22% |
| 2021-12-31 | $180.87 Million | +588.38% |
| 2020-12-31 | $26.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Glass House Brands Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 17375652200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $306.65 Million | 263.82% |
| Total Equity | $116.24 Million | 100.00% |
Glass House Brands Inc Competitors by Market Cap
The table below lists competitors of Glass House Brands Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rockhopper Exploration plc
PINK:RCKHF
|
$252.32 Million |
|
Villeroy und Boch AG Pfd.
LSE:0OPA
|
$252.44 Million |
|
Shenzhen Bromake New Material Co. Ltd. A
SHE:301387
|
$252.47 Million |
|
Burning Rock Biotech Ltd
NASDAQ:BNR
|
$252.58 Million |
|
Guizhou Sanli Pharmaceutical Co Ltd
SHG:603439
|
$252.27 Million |
|
Shenzhen HeKeda Precision Cleaning Equipment Co Ltd
SHE:002816
|
$252.17 Million |
|
Shandong Longquan Pipeline Engineering Co Ltd
SHE:002671
|
$252.13 Million |
|
Dhipaya Group Holdings PCL
BK:TIPH-R
|
$252.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glass House Brands Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 89,761,000 to 116,236,000, a change of 26,475,000 (29.5%).
- Net income of 519,000 contributed positively to equity growth.
- Dividend payments of 7,749,000 reduced retained earnings.
- Other factors increased equity by 33,705,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $519.00K | +0.45% |
| Dividends Paid | $7.75 Million | -6.67% |
| Other Changes | $33.70 Million | +29.0% |
| Total Change | $- | 29.49% |
Book Value vs Market Value Analysis
This analysis compares Glass House Brands Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.72x to 3.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.97 | $4.58 | x |
| 2021-12-31 | $3.17 | $4.58 | x |
| 2022-12-31 | $2.42 | $4.58 | x |
| 2023-12-31 | $1.27 | $4.58 | x |
| 2024-12-31 | $1.52 | $4.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glass House Brands Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.26%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.67x
- Recent ROE (0.45%) is above the historical average (-43.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -63.40% | -34.52% | 0.69x | 2.65x | $-19.29 Million |
| 2021 | -24.39% | -63.60% | 0.24x | 1.59x | $-62.27 Million |
| 2022 | -19.92% | -38.77% | 0.24x | 2.11x | $-49.42 Million |
| 2023 | -109.48% | -61.10% | 0.53x | 3.38x | $-107.25 Million |
| 2024 | 0.45% | 0.26% | 0.65x | 2.67x | $-11.10 Million |
Industry Comparison
This section compares Glass House Brands Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $439,452,927
- Average return on equity (ROE) among peers: -31.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glass House Brands Inc (GLASF) | $104.26 Million | -63.40% | 2.07x | $252.29 Million |
| Ascend Wellness Holdings Inc (AAWH) | $71.80 Million | -118.37% | 11.54x | $48.90 Million |
| AB Science S.A (ABSCF) | $-21.01 Million | 0.00% | 0.00x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $-294.68K | 0.00% | 0.00x | $603.58K |
| Aurora Cannabis Inc (ACB) | $521.74 Million | -156.52% | 0.78x | $195.20 Million |
| Acreage Holdings Inc (ACRDF) | $494.79 Million | -30.37% | 0.40x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $29.91 Million | 0.00% | 0.07x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.72 Million | -18.78% | 0.11x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $20.08 Million | -10.91% | 0.33x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $21.19 Million | 12.93% | 1.96x | $1.85 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.25 Billion | 5.19% | 0.72x | $85.61 Million |