Glass House Brands Reports Second Quarter 2025 Financial Results
Globenewswireยท2025-08-13 20:05
Results surpassed expectations across key metrics including biomass production, revenue, gross profit, and Adjusted EBITDAWholesale biomass production was 230,748 pounds, up 54% year-over-yearCost of production was $91 per pound, a substantial improvement compared to $148 per pound in Q2 2024Second quarter 2025 revenue was $59.9 million, exceeding guidance and up 11% year-over-yearGross margin was 53%, compared to 45% in Q1 2025 and 53% in Q2 2024Adjusted EBITDA of $18.1 million, considerably higher than gu ...