Great Elm Cap Corp Financials

GECCH

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Great Elm Cap Corp (GECCH) 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

Piotroski F-Score Weak

1/9

Great Elm Cap 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).

Earnings Quality Low Quality

0.09x

For every $1 of reported earnings, Great Elm Cap 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.

Key Financial Metrics

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$31.8M

YoY-994.7%

Great Elm Cap Corp reported -$31.8M in net income in fiscal year 2025. This represents a decrease of 994.7% from the prior year.

EPS (Diluted)

$-2.57

YoY-813.9%

Great Elm Cap Corp earned $-2.57 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 813.9% from the prior year.

Cash & Debt

$1.8M

5Y CAGR-48.9%

Great Elm Cap Corp held $1.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+21.3%

5Y CAGR+29.5%

Great Elm Cap Corp had 14M shares outstanding in fiscal year 2025. This represents an increase of 21.3% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-28.1%

YoY-30.8pp

Great Elm Cap Corp's ROE was -28.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 30.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GECCH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$39.3M+9.8%	$35.8M+46.6%	$24.4M-3.3%	$25.3M+10.3%	$22.9M
Cost of Revenue	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
R&D Expenses	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
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.4M+23.7%	$14.9M+26.7%	$11.7M+9.8%	$10.7M+2.5%	$10.4M+14.3%	$9.1M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$31.8M-994.7%	$3.6M-86.0%	$25.3M+262.6%	-$15.6M-51.7%	-$10.3M+67.8%	-$32.0M
EPS (Diluted)	$-2.57-813.9%	$0.36-89.2%	$3.33+233.7%	$-2.49+1.2%	$-2.52+82.5%	$-14.41

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	$12.5M+36.7%	$9.1M-22.1%	$11.7M+22.8%	$9.5M+7.2%	$8.9M
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	N/A	$5.5M+27.0%	$4.3M+1.6%	$4.3M-3.2%	$4.4M+4.3%	$4.2M+21.2%	$3.5M+23.7%	$2.8M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$22.0M-287.4%	$11.7M+2492.3%	$453K-75.7%	$1.9M-46.4%	$3.5M+362.0%	-$1.3M-189.5%	-$458K
EPS (Diluted)	N/A	$-1.79-275.5%	$1.02+2450.0%	$0.04	N/A	$0.33+335.7%	$-0.14-180.0%	$-0.05

GECCH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$340.8M-0.4%	$342.0M+38.6%	$246.8M-20.4%	$310.1M-27.3%	$426.3M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.8M	$0-100.0%	$953K+62.4%	$587K-93.6%	$9.1M-82.6%	$52.6M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$227.8M+10.6%	$205.9M+39.1%	$148.1M-34.3%	$225.3M-35.9%	$351.8M	N/A
Current Liabilities	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
Total Equity	$112.9M-17.0%	$136.1M+37.9%	$98.7M+16.4%	$84.8M+13.8%	$74.6M	N/A
Retained Earnings	N/A	$14.9M+30.6%	$11.4M-12.4%	$13.0M+33.7%	$9.7M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$340.8M-18.9%	$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
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.8M	N/A	$960K-24.6%	$1.3M	$0-100.0%	$305K-88.2%	$2.6M+671.0%	$334K
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	$227.8M-18.6%	$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
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	$112.9M-19.4%	$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
Retained Earnings	N/A	N/A	N/A	N/A	$14.9M	N/A	N/A	N/A

GECCH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$2.8M+96.6%	-$82.7M-421.9%	$25.7M+161.5%	-$41.8M+28.6%	-$58.5M-313.6%	$27.4M
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$4.6M-94.3%	$81.7M+422.8%	-$25.3M-176.3%	$33.2M+129.7%	$14.5M-31.8%	$21.2M
Dividends Paid	$19.2M+27.6%	$15.1M+41.6%	$10.6M-18.3%	$13.0M+31.1%	$9.9M+99.0%	$5.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$18.6M+173.7%	-$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
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	-$16.8M-169.0%	$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
Dividends Paid	$5.2M+5.0%	$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
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GECCH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	N/A	9.0%-61.7pp	70.7%+134.5pp	-63.8%-23.1pp	-40.7%+98.9pp	-139.6%
Return on Equity	-28.1%-30.8pp	2.6%-23.0pp	25.7%+44.0pp	-18.4%-4.6pp	-13.8%	N/A
Return on Assets	-9.3%-10.4pp	1.0%-9.2pp	10.3%+15.3pp	-5.0%-2.6pp	-2.4%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.02+0.5	1.51+0.0	1.50-1.2	2.66-2.1	4.72	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	N/A	3.6%-16.8pp	20.4%-9.2pp	29.6%+43.5pp	-13.9%-8.8pp	-5.1%
Return on Equity	N/A	-15.7%-24.1pp	8.4%+8.1pp	0.3%-1.0pp	1.4%-1.4pp	2.8%+3.8pp	-1.1%-0.7pp	-0.4%
Return on Assets	N/A	-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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.02+0.0	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
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Great Elm Cap Corp profitable?

No, Great Elm Cap Corp (GECCH) reported a net income of -$31.8M in fiscal year 2025.

What is Great Elm Cap Corp's earnings per share (EPS)?

Great Elm Cap Corp (GECCH) 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.

What is Great Elm Cap Corp's return on equity (ROE)?

Great Elm Cap Corp (GECCH) has a return on equity of -28.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Great Elm Cap Corp's operating cash flow?

Great Elm Cap Corp (GECCH) generated -$2.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Great Elm Cap Corp's total assets?

Great Elm Cap Corp (GECCH) had $340.8M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Great Elm Cap Corp have outstanding?

Great Elm Cap Corp (GECCH) had 14M shares outstanding as of fiscal year 2025.

What is Great Elm Cap Corp's debt-to-equity ratio?

Great Elm Cap Corp (GECCH) had a debt-to-equity ratio of 2.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Great Elm Cap Corp's return on assets (ROA)?

Great Elm Cap Corp (GECCH) 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 Cap Corp's cash runway?

Based on fiscal year 2025 data, Great Elm Cap Corp (GECCH) 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 Cap Corp's Piotroski F-Score?

Great Elm Cap Corp (GECCH) 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 Cap Corp's earnings high quality?

Great Elm Cap Corp (GECCH) 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.