Great Elm Capital 8.50% NOTES DUE 2029 (GECCI) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GECCI SEC filings page.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) reported $41.7M in revenue over the twelve months to Sep 30, 2026, down 10.4% from the prior twelve months. This page shows its 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).
Revenue expanded, but rising interest and an unstable cash profile leave the balance sheet more leveraged than earnings suggest.
Operating cash flow improved from-$82.7M in FY2024 to-$2.8M in FY2025, but remained negative. That recovery did not prevent net income from moving from$3.6M to a$31.8M loss, so accounting results and cash generation are not moving in lockstep.
Debt stayed near
Revenue grew
Financial Health Signals
We do not publish a peer-relative financial health score for Great Elm Capital Corp. 8.50% NOTES DUE 2029, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 reported a net loss of $31.8M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Great Elm Capital Corp. 8.50% NOTES DUE 2029 generated $8.7M in revenue in Q3 2026. This represents a decrease of 18.3% from the same quarter a year earlier. Against the prior quarter it is down 20.2%.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 reported a net loss of $4.2M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 165.8%.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 earned -$0.30 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 165.2%.
Not reported for Q3 2026.
Cash & Balance Sheet
Great Elm Capital Corp. 8.50% NOTES DUE 2029 held $0 in cash against $144.8M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Great Elm Capital Corp. 8.50% NOTES DUE 2029's net profit margin was -48.6% in Q3 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 107.6 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Great Elm Capital Corp. 8.50% NOTES DUE 2029's quarterly ROE was -4.1% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 11.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.9 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
GECCI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.7M-18.3% | $10.9M-23.7% | $9.5M-23.6% | $12.6M+37.6% | $10.6M-9.3% | $14.3M+49.5% | $12.5M+40.3% | $9.1M-0.3% |
| Interest Expense | $3.7M-32.7% | $3.9M-10.4% | $4.3M+0.1% | $4.4M-0.9% | $5.5M+30.3% | $4.3M+24.3% | $4.3M+51.4% | $4.4M+56.4% |
| Net Income | -$4.2Mn/m | $6.4M-45.3% | -$745K-264.5% | -$22.0M-1279.4% | -$22.0M-733.6% | $11.7Mn/m | $453Kn/m | $1.9M-55.8% |
| EPS (Basic) | -$0.30n/m | $0.46-54.9% | -$0.05-225.0% | -$1.74-1066.7% | -$1.79-642.4% | $1.02n/m | $0.04n/m | $0.18-67.9% |
| EPS (Diluted) | -$0.30n/m | $0.46-54.9% | -$0.05-225.0% | -$1.74-1066.7% | -$1.79-642.4% | $1.02n/m | $0.04n/m | $0.18-67.9% |
| Diluted Shares (Avg) | 14M+12.8% | 14M+20.2% | 14M+21.1% | N/A | 12M+17.9% | 12M+21.0% | 12M+33.3% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax.
GECCI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $256.7M-38.9% | $280.0M-31.6% | $282.8M-19.4% | $340.8M-0.4% | $420.0M-1.6% | $409.3M+25.4% | $350.8M+25.7% | $342.0M+38.6% |
| Cash & Equivalents | $0 | $1.7M+73.9% | N/A | $1.8Mn/m | N/A | $960K-62.7% | $1.3M+281.1% | $0-100.0% |
| Total Liabilities | $154.0M-45.0% | $169.6M-37.0% | $175.3M-19.8% | $227.8M+10.6% | $280.0M-7.1% | $269.3M+34.3% | $218.5M+36.3% | $205.9M+39.1% |
| Long-Term Debt | $144.8M-27.7% | $150.9M-20.8% | $169.1M-11.0% | $189.3M-0.2% | $200.2M-12.9% | $190.5M+9.6% | $190.1M+35.3% | $189.7M+35.3% |
| Total Equity | $102.7M-26.7% | $110.4M-21.1% | $107.5M-18.8% | $112.9M-17.0% | $140.1M+11.3% | $140.0M+11.1% | $132.3M+11.4% | $136.1M+37.9% |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $14.9M+30.6% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
GECCI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.3Mn/m | $13.2M+35.7% | $23.5Mn/m | $18.6M-40.8% | -$25.2Mn/m | $9.7Mn/m | -$5.9Mn/m | $31.4M+1396.0% |
| Financing Cash Flow | -$15.0M-161.7% | -$11.5Mn/m | -$25.3M-454.6% | -$16.8Mn/m | $24.3M-53.4% | -$10.0M-127.4% | $7.1M-71.1% | -$31.7Mn/m |
| Dividends Paid | $3.5M-29.6% | $3.5M-18.9% | $4.2M-13.4% | $5.2M+28.2% | $4.9M+34.9% | $4.3M+29.4% | $4.8M+19.2% | $4.0M+51.9% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Share Buybacks.
GECCI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -48.6% | 59.0%-23.3pp | -7.8%-11.4pp | -174.8% | -206.8% | 82.3%+96.1pp | 3.6%+8.8pp | 20.4%-25.6pp |
| Return on Equity | -4.1%+11.6pp | 5.8%-2.6pp | -0.7%-1.0pp | -19.5%-20.8pp | -15.7%-18.5pp | 8.4%+9.4pp | 0.3%+0.7pp | 1.4%-2.9pp |
| Return on Assets | -1.7%+3.6pp | 2.3%-0.6pp | -0.3%-0.4pp | -6.5%-7.0pp | -5.2%-6.0pp | 2.9%+3.3pp | 0.1%+0.3pp | 0.5%-1.2pp |
| Debt-to-Equity | 1.410.0x | 1.370.0x | 1.57+0.1x | 1.68+0.3x | 1.43-0.4x | 1.360.0x | 1.44+0.3x | 1.390.0x |
| Liabilities-to-Equity | 1.50-0.5x | 1.54-0.4x | 1.630.0x | 2.02+0.5x | 2.00-0.4x | 1.92+0.3x | 1.65+0.3x | 1.510.0x |
| Asset Turnover | 0.030.0x | 0.040.0x | 0.030.0x | 0.040.0x | 0.030.0x | 0.030.0x | 0.040.0x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Where Great Elm Capital Corp. 8.50% NOTES DUE 2029 Ranks
Frequently Asked Questions
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) reported $50.0M in total revenue for fiscal year 2025. This represents a 27.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) revenue grew by 27.1% year-over-year, from $39.3M to $50.0M in fiscal year 2025.
No, Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) reported a net loss of $20.5M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $31.8M, with a net profit margin of -63.6%.
As of fiscal year 2025, Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) had $1.8M in cash and equivalents against $189.3M in long-term debt.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) had a net profit margin of -63.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) has a return on equity of -28.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) recorded an outflow of $2.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) had $340.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) had a debt-to-equity ratio of 1.68 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) had a liabilities-to-equity ratio of 2.02 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) had a return on assets of -9.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) reported a net loss of $31.8M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.