Glass House Brands Q2 2026 gross margin slides as production costs rise, company says
Q2 2026 results
Glass House posted a net loss of USD 6.68 million for Q2 2026, swinging from net income of USD 8.74 million a year earlier.
Revenue slipped 1% to USD 47.02 million, reflecting lower biomass volumes partly offset by higher biomass pricing.
Margins and expenses
Gross margin fell to 34% from 55% as cost of goods sold rose 45% to USD 31.25 million on higher production costs.
Operating loss was USD 3 million versus operating income of USD 10.28 million, pressured by weaker gross profit and higher overhead.
General and administrative expense rose 31% to USD 13.39 million, driven by higher employee costs and higher cannabis taxes and licenses.
