Great Elm Capital Corp Financials
This page shows Great Elm Capital Corp (GECC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Great Elm Capital Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Great Elm Capital Corp generates $0.09 in operating cash flow (-$2.8M OCF vs -$31.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Great Elm Capital Corp earns $-0.0 in operating income for every $1 of interest expense (-$264K vs $18.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Great Elm Capital Corp reported -$31.8M in net income in fiscal year 2025. This represents a decrease of 994.7% from the prior year.
Great Elm Capital Corp earned $-2.57 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 813.9% from the prior year.
Great Elm Capital Corp held $1.8M in cash against $33.6M in long-term debt as of fiscal year 2025.
Great Elm Capital Corp had 14M shares outstanding in fiscal year 2025. This represents an increase of 21.3% from the prior year.
GECC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | $12.5M+36.7% | $9.1M-22.1% | $11.7M+22.8% | $9.5M+7.2% | $8.9M-2.8% | $9.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $5.5M+27.0% | $4.3M+1.6% | $4.3M-3.2% | $4.4M+4.3% | $4.2M+21.2% | $3.5M+23.7% | $2.8M0.0% | $2.8M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$22.0M-287.4% | $11.7M+2492.3% | $453K-75.7% | $1.9M-46.4% | $3.5M+362.0% | -$1.3M-189.5% | -$458K-110.9% | $4.2M |
| EPS (Diluted) | $-1.79-275.5% | $1.02+2450.0% | $0.04 | N/A | $0.33+335.7% | $-0.14-180.0% | $-0.05 | N/A |
GECC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $420.0M+2.6% | $409.3M+16.7% | $350.8M+2.6% | $342.0M-19.9% | $427.0M+30.8% | $326.5M+17.0% | $279.1M+13.1% | $246.8M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | $960K-24.6% | $1.3M | $0-100.0% | $305K-88.2% | $2.6M+671.0% | $334K-65.0% | $953K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $280.0M+4.0% | $269.3M+23.2% | $218.5M+6.1% | $205.9M-31.6% | $301.2M+50.2% | $200.5M+25.1% | $160.3M+8.3% | $148.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $140.1M0.0% | $140.0M+5.8% | $132.3M-2.8% | $136.1M+8.2% | $125.8M-0.1% | $126.0M+6.1% | $118.8M+20.3% | $98.7M |
| Retained Earnings | N/A | N/A | N/A | $14.9M | N/A | N/A | N/A | $11.4M |
GECC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.2M-360.3% | $9.7M+265.2% | -$5.9M-118.7% | $31.4M+157.8% | -$54.4M-58.5% | -$34.3M-35.3% | -$25.4M-1307.7% | $2.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $24.3M+342.6% | -$10.0M-240.1% | $7.1M+122.5% | -$31.7M-160.9% | $52.1M+42.6% | $36.6M+47.7% | $24.8M+945.4% | -$2.9M |
| Dividends Paid | $4.9M+15.2% | $4.3M-11.7% | $4.8M+20.0% | $4.0M+10.5% | $3.7M+10.5% | $3.3M-18.7% | $4.1M+52.9% | $2.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GECC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | 3.6%-16.8pp | 20.4%-9.2pp | 29.6%+43.5pp | -13.9%-8.8pp | -5.1%-51.1pp | 46.0% |
| Return on Equity | N/A | 8.4%+8.1pp | 0.3%-1.0pp | 1.4%-1.4pp | 2.8% | N/A | N/A | 4.3% |
| Return on Assets | -5.2%-8.1pp | 2.9%+2.7pp | 0.1%-0.4pp | 0.5%-0.3pp | 0.8%+1.2pp | -0.4%-0.3pp | -0.2%-1.9pp | 1.7% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 2.00+0.1 | 1.92+0.3 | 1.65+0.1 | 1.51-0.9 | 2.39+0.8 | 1.59+0.2 | 1.35-0.2 | 1.50 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Great Elm Capital Corp profitable?
No, Great Elm Capital Corp (GECC) reported a net income of -$31.8M in fiscal year 2025.
What is Great Elm Capital Corp's earnings per share (EPS)?
Great Elm Capital Corp (GECC) reported diluted earnings per share of $-2.57 for fiscal year 2025. This represents a -813.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Great Elm Capital Corp have?
As of fiscal year 2025, Great Elm Capital Corp (GECC) had $1.8M in cash and equivalents against $33.6M in long-term debt.
What is Great Elm Capital Corp's operating cash flow?
Great Elm Capital Corp (GECC) generated -$2.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Great Elm Capital Corp's total assets?
Great Elm Capital Corp (GECC) had $340.8M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Great Elm Capital Corp have outstanding?
Great Elm Capital Corp (GECC) had 14M shares outstanding as of fiscal year 2025.
What is Great Elm Capital Corp's current ratio?
Great Elm Capital Corp (GECC) had a current ratio of 1.76 as of fiscal year 2025, which is generally considered healthy.
What is Great Elm Capital Corp's debt-to-equity ratio?
Great Elm Capital Corp (GECC) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Great Elm Capital Corp's return on assets (ROA)?
Great Elm Capital Corp (GECC) had a return on assets of -9.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Great Elm Capital Corp's cash runway?
Based on fiscal year 2025 data, Great Elm Capital Corp (GECC) had $1.8M in cash against an annual operating cash burn of $2.8M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Great Elm Capital Corp's Piotroski F-Score?
Great Elm Capital Corp (GECC) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Great Elm Capital Corp's earnings high quality?
Great Elm Capital Corp (GECC) has an earnings quality ratio of 0.09x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Great Elm Capital Corp cover its interest payments?
Great Elm Capital Corp (GECC) has an interest coverage ratio of -0.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.