Glass House Brands Q2 2026 adjusted EBITDA swings to profit of $5.7 million; revenue rises 64% q/q to $47 million - GLAS News | RalliesGlass House Brands Q2 2026 adjusted EBITDA swings to profit of $5.7 million; revenue rises 64% q/q to $47 million
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GLAS• Production and outlook
- Equivalent dry pound production climbed 62% to 245,746 pounds versus Q1; cost per pound fell 30.29% to $122.
- Retail operations were deconsolidated June 12; full-year 2026 wholesale biomass output forecast reaffirmed at about 1 million pounds.
Q2 2026 results and profitability improved
- Glass House posted Q2 revenue of $47 million, up 64% from Q1; gross margin widened to 34% from 14%.
- Net loss widened to $6.68 million from $17.01 million in Q1; operating loss narrowed to $3 million from $14.56 million.
- Non-GAAP adjusted EBITDA swung to a gain of $5.69 million from a loss of $4.17 million in Q1.
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