GLAS (Glass House Brands) Pre-Tax Income: $-25.2 Mil (TTM As of Jun. 2026)

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GLAS Glass House Brands Inc GLAS
56 GF Score
Price $9.41
GF Value $5.12
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Glass House Brands Pre-Tax Income?

Glass House Brands GLAS -5.62% 56 Pre-Tax Income is $-25.2 Mil as of Jun. 2026. GuruFocus rates GLAS with a GF Score™ of 56/100 and a GF Value™ of $5.12 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Glass House Brands's pretax income for the three months ended in Jun. 2026 was $11.0 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $-25.2 Mil. Glass House Brands's pretax margin was 135.08%.

During the past 6 years, Glass House Brands's highest Pretax Margin was 5.58%. The lowest was -65.34%. And the median was -32.62%.


Glass House Brands  (NYSE:GLAS) Pre-Tax Income Explanation

Glass House Brands's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=11.025/8.162
=135.08%

During the past 6 years, Glass House Brands's highest Pretax Margin was 5.58%. The lowest was -65.34%. And the median was -32.62%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Glass House Brands Pre-Tax Income Related Terms


Glass House Brands Pre-Tax Income Historical Data

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The historical data trend for Glass House Brands's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Glass House Brands Pre-Tax Income Chart

Glass House Brands Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial -41.29 -37.35 -88.12 11.22 -17.02

Glass House Brands Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.71 -11.12 -12.53 -12.53 11.03

GLAS vs ZTS: Pre-Tax Income Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Glass House Brands Pre-Tax Income vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Glass House Brands's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Glass House Brands's Pre-Tax Income falls into.


GLAS
56GF Score
Glass House Brands Inc GLAS
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Glass House Brands Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Glass House Brands's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-14.633+4.385+-7.058+0.288+-3.5527136788005E-15
=-17.0

Glass House Brands's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=9.688+0.921+0.416+0+0
=11.0

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $-25.2 Mil mean?
Glass House Brands (GLAS) has a Pre-Tax Income of $-25.2 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Glass House Brands and its competitors.
Is Glass House Brands' Pre-Tax Income too high?
Glass House Brands' current Pre-Tax Income is $-25.2 Mil. Overall, Glass House Brands has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glass House Brands' Pre-Tax Income compare to ZTS?
Glass House Brands' Pre-Tax Income of $-25.2 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Drug Manufacturers company?
A good Pre-Tax Income depends on the Drug Manufacturers industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Glass House Brands and its competitors. Glass House Brands's current Pre-Tax Income is $-25.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glass House Brands stock overvalued right now?
Based on GuruFocus' analysis, Glass House Brands (GLAS) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.12, compared to a current price of $9.41 — trading 83.8% above its estimated fair value. The current Pre-Tax Income is $-25.2 Mil. Glass House Brands' overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Glass House Brands (GLAS), the current Pre-Tax Income is $-25.2 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Glass House Brands (GLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Glass House Brands stock appears to be overvalued. The current stock price of $9.41 is trading 83.8% above its estimated GF Value™ of $5.12. GuruFocus considers Glass House Brands to be Significantly Overvalued.

Key valuation signals for GLAS:

  • Pre-Tax Income: $-25.2 Mil
  • GF Value™: $5.12 vs. price of $9.41 (83.8% above fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the GLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Glass House Brands Business Description

Other Exchanges 4KF0:GermanyGLAS.A.U:Canada
Address 3645 Long Beach Boulevard, Long Beach, CA, USA, 90807
Glass House Brands Inc is an integrated cannabis company that operates exclusively in the state of California. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness. It cultivates, manufactures, and distributes cannabis bulk flower and trim to wholesalers and consumer packaged goods to third-party retail stores. It also owns and operates retail cannabis stores in the state of California. It has three reportable segments: Retail, Wholesale Biomass, and Cannabis-related consumer packaged goods. It generates the majority of its revenue from the Wholesale Biomass segment.
56GF Score

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Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.41
Price
$5.12
GF Value