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biote vs Glass House Brands: revenue, profit, margins and growth compared

biote brought in $192.2M of revenue in fiscal 2025, Glass House Brands $182M in fiscal 2025. Revenue changed by -2.5% at biote and -9.4% at Glass House Brands on the year before, so biote grew faster. biote kept 14.1% of its revenue as net profit, Glass House Brands -16.3%. Free cash flow was $30.2M at biote and -$15.7M at Glass House Brands.

Side by side, latest fiscal year

BTMDGLAS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$192.2M$182M
Revenue growth-2.5%-9.4%
Net income$27M-$29.7M
Net margin14.1%-16.3%
Free cash flow$30.2M-$15.7M
Free cash flow margin15.7%-8.6%
Earnings per share (diluted)$0.74-$0.55
Cash$24.1M$23.4M
Debt$103.1M$68.7M
Price to earnings1.6n/a
Market value$43.8M$598.4M
Dividend yieldn/an/a
Rank by revenue in sector#256 of 523 · Health care#261 of 523 · Health care

Over the years

Revenue
BTMD FY2021: $139.4MBTMD FY2022: $165MBTMD FY2023: $185.4MBTMD FY2024: $197.2MBTMD FY2025: $192.2MGLAS FY2021: $48.3MGLAS FY2021: $63.2MGLAS FY2022: $84.9MGLAS FY2023: $160.8MGLAS FY2024: $200.9MGLAS FY2025: $182MFY21FY22FY23FY24FY25
BTMD $192.2MGLAS $182M
Net income
BTMD FY2021: $11.1MBTMD FY2022: -$969KBTMD FY2023: $3.3MBTMD FY2024: $3.2MBTMD FY2025: $27MGLAS FY2021: -$16.7MGLAS FY2021: -$43.1MGLAS FY2022: -$32.9MGLAS FY2023: -$98.3MGLAS FY2024: $519KGLAS FY2025: -$29.7MFY21FY22FY23FY24FY25
BTMD $27MGLAS -$29.7M
Net margin
BTMD FY2021: 8.0%BTMD FY2022: -0.6%BTMD FY2023: 1.8%BTMD FY2024: 1.6%BTMD FY2025: 14.1%GLAS FY2021: -34.5%GLAS FY2021: -68.2%GLAS FY2022: -38.8%GLAS FY2023: -61.1%GLAS FY2024: 0.3%GLAS FY2025: -16.3%FY21FY22FY23FY24FY25
BTMD 14.1%GLAS -16.3%
Revenue growth
BTMD FY2022: +18.3%BTMD FY2023: +12.4%BTMD FY2024: +6.4%BTMD FY2025: -2.5%GLAS FY2021: +30.9%GLAS FY2022: +34.3%GLAS FY2023: +89.5%GLAS FY2024: +24.9%GLAS FY2025: -9.4%FY21FY22FY23FY24FY25
BTMD -2.5%GLAS -9.4%
Free cash flow
BTMD FY2021: $32.3MBTMD FY2022: -$9.5MBTMD FY2023: $26.5MBTMD FY2024: $38.8MBTMD FY2025: $30.2MGLAS FY2021: -$11.5MGLAS FY2021: -$128.8MGLAS FY2022: -$68.6MGLAS FY2023: $10.9MGLAS FY2024: $18.1MGLAS FY2025: -$15.7MFY21FY22FY23FY24FY25
BTMD $30.2MGLAS -$15.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about biote and Glass House Brands

Which is bigger by revenue, biote or Glass House Brands?

biote is bigger by revenue: $192.2M in fiscal 2025, against $182M for Glass House Brands in fiscal 2025.

Which keeps more of its revenue as profit, biote or Glass House Brands?

biote had a net margin of 14.1% in fiscal 2025; Glass House Brands had -16.3% in fiscal 2025.

Which grew revenue faster, biote or Glass House Brands?

In their latest fiscal years revenue changed by -2.5% at biote and -9.4% at Glass House Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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