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Hosting England and Welsh Fire earned Glamorgan £1.83m in 2023Glamorgan reported losses of £316,000 for the calendar year to 31 December 2023.
That figure compares to a small operating profit of £53,000 for the previous 12 months, though the club said the loss was better than expected and it had been able to reduce debts.
The club made a £431,000 profit before interest, tax and depreciation.
New chief executive Dan Cherry said the loss was a "reasonable financial outcome" for the year.
Cherry, who was appointed to the role on a permanent basis in February, insisted he was optimistic about the county's longer-term financial future, despite expecting a "constrained financial environment" for 2024.
In a report to club members seen by BBC Sport Wales, he wrote: "The prospect of significantly improved revenues through international cricket and particularly the Hundred (franchise) competition from 2025, will enable more investment in key areas."
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Staging England games and the Welsh Fire franchise earned Glamorgan £1.83 million in 2023, a major proportion of the county's income.
Catering and events profits also rose but there was a cut in funding from the England and Wales Cricket Board (ECB) and Welsh government, as well as a fall in membership and sponsorship income.
Overall, Glamorgan's investment of just over £3m on cricket activities remains 13th among the 18 first-class counties.
Cherry's report also paid tribute to predecessor Hugh Morris, who retired at the end of 2023 after 10 years in the role.
He said: "[Morris] has made a hugely significant contribution to cricket, not only in Glamorgan and Wales, but also during 17 years working at the ECB."
Glamorgan begin their competitive season with a Championship match away to Middlesex at Lord's on Friday 6 April.
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