Great Elm Group Financials
This page shows Great Elm Group (GEGGL) 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).
Below-the-line gains are masking a cash-burning core business whose improved gross margin still does not cover overhead.
In FY2025, net income was$12.9M even though operating income remained negative at-$8.0M ; that means reported profit did not come from the recurring operation itself. Operating cash flow was also negative, and from FY2024 to FY2025 gross margin jumped from69.0% to93.4% , showing the business can report strong gross economics without turning them into operating cash.
The balance sheet is liquid in the near term: FY2025 current assets of
The operating model looks overhead-heavy. FY2025 gross profit reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Great Elm Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Great Elm Group has an operating margin of -49.0%, meaning the company retains $-49 of operating profit per $100 of revenue. This below-average margin results in a low score of 20/100, suggesting thin profitability after operating expenses. This is down from -44.0% the prior year.
Great Elm Group's revenue declined 8.5% year-over-year, from $17.8M to $16.3M. This contraction results in a growth score of 91/100.
Great Elm Group has a moderate D/E ratio of 1.04. This balance of debt and equity financing earns a leverage score of 46/100.
With a current ratio of 14.34, Great Elm Group holds $14.34 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 99/100.
Great Elm Group's ROE of 18.3% shows moderate profitability relative to equity, earning a score of 42/100. This is up from -2.2% the prior year.
Great Elm Group passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Great Elm Group generates $-0.70 in operating cash flow (-$9.0M OCF vs $12.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Great Elm Group earns $-1.9 in operating income for every $1 of interest expense (-$8.0M vs $4.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Great Elm Group generated $16.3M in revenue in fiscal year 2025. This represents a decrease of 8.5% from the prior year.
Great Elm Group's EBITDA was -$6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.4% from the prior year.
Great Elm Group reported $12.9M in net income in fiscal year 2025. This represents an increase of 1028.7% from the prior year.
Great Elm Group earned $0.38 per diluted share (EPS) in fiscal year 2025. This represents an increase of 860.0% from the prior year.
Cash & Balance Sheet
Great Elm Group held $30.6M in cash against $0 in long-term debt as of fiscal year 2025.
Great Elm Group had 27M shares outstanding in fiscal year 2025. This represents a decrease of 12.9% from the prior year.
Margins & Returns
Great Elm Group's gross margin was 93.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 24.4 percentage points from the prior year.
Great Elm Group's operating margin was -49.0% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.
Great Elm Group's net profit margin was 79.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 86.8 percentage points from the prior year.
Great Elm Group's ROE was 18.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 20.5 percentage points from the prior year.
Capital Allocation
Great Elm Group spent $7.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 244.1% from the prior year.
GEGGL Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4M+13.5% | $3.0M-72.1% | $10.8M+92.4% | $5.6M+74.8% | $3.2M-8.5% | $3.5M-12.1% | $4.0M-55.2% | $8.9M |
| Cost of Revenue | N/A | $16K-99.8% | $6.7M | N/A | N/A | $458K-27.9% | $635K | N/A |
| Gross Profit | N/A | $3.0M-25.9% | $4.0M | N/A | N/A | $3.0M-9.2% | $3.4M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.6M-19.5% | $2.0M-8.7% | $2.2M-9.0% | $2.4M+70.7% | $1.4M+6.3% | $1.3M-12.6% | $1.5M-21.7% | $1.9M |
| Operating Income | -$4.0M+6.2% | -$4.2M-13.6% | -$3.7M-152.6% | -$1.5M+42.3% | -$2.6M-29.2% | -$2.0M+1.0% | -$2.0M-9.5% | -$1.8M |
| Interest Expense | $1.0M+1.1% | $1.0M-0.6% | $1.0M-3.0% | $1.1M+2.0% | $1.0M+0.9% | $1.0M+0.2% | $1.0M-9.6% | $1.1M |
| Income Tax | $87K+261.1% | -$54K-176.1% | $71K-17.4% | $86K | $0 | $0 | $0-100.0% | $101K |
| Net Income | -$13.5M+18.3% | -$16.5M-109.4% | -$7.9M-158.2% | $13.6M+401.8% | -$4.5M-482.4% | $1.2M-55.4% | $2.6M+470.6% | -$712K |
| EPS (Diluted) | $-0.45+10.0% | $-0.50-108.3% | $-0.24 | N/A | $-0.17-525.0% | $0.04-50.0% | $0.08 | N/A |
GEGGL Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $111.8M-17.5% | $135.5M-12.6% | $155.0M+0.7% | $153.9M+12.2% | $137.2M-0.9% | $138.5M+0.9% | $137.3M-2.3% | $140.4M |
| Current Assets | $97.2M-19.3% | $120.5M-13.7% | $139.6M+1.2% | $137.9M+13.9% | $121.1M-2.7% | $124.4M-0.2% | $124.7M-2.3% | $127.6M |
| Cash & Equivalents | $45.5M-11.1% | $51.2M-4.2% | $53.5M+74.7% | $30.6M-2.9% | $31.5M-28.8% | $44.3M+0.3% | $44.1M-8.3% | $48.1M |
| 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 | $440K0.0% | $440K0.0% | $440K0.0% | $440K-6.4% | $470K | N/A | N/A | $0 |
| Total Liabilities | $71.9M-5.1% | $75.8M+5.5% | $71.9M-1.9% | $73.3M+1.9% | $71.9M+5.0% | $68.4M+4.2% | $65.7M-6.5% | $70.3M |
| Current Liabilities | $7.4M-36.8% | $11.7M+39.5% | $8.4M-12.9% | $9.6M+28.7% | $7.5M+82.1% | $4.1M+6.7% | $3.8M-54.0% | $8.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $39.8M-28.6% | $55.8M-24.4% | $73.8M+4.9% | $70.3M+22.9% | $57.2M-8.2% | $62.3M-2.5% | $63.9M+1.9% | $62.7M |
| Retained Earnings | -$3.3B-0.4% | -$3.3B-0.5% | -$3.2B-0.2% | -$3.2B+0.4% | -$3.3B-0.1% | -$3.2B0.0% | -$3.3B+0.1% | -$3.3B |
GEGGL Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.8M+408.1% | -$1.9M-149.6% | $3.8M+75.8% | $2.2M+261.3% | -$1.3M+66.7% | -$4.0M+30.1% | -$5.8M-294.1% | $3.0M |
| 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 | $37K-98.6% | $2.6M-72.4% | $9.3M+1852.7% | -$533K+95.0% | -$10.7M-244.5% | $7.4M+197.1% | $2.5M-64.2% | $7.0M |
| Financing Cash Flow | -$11.6M-295.2% | -$2.9M-130.1% | $9.7M+479.0% | -$2.6M-255.3% | -$721K+77.9% | -$3.3M-46.0% | -$2.2M+48.2% | -$4.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $2.8M+8.0% | $2.6M+246.4% | $756K-18.0% | $922K-15.1% | $1.1M-65.2% | $3.1M+48.0% | $2.1M | N/A |
GEGGL Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 99.5%+62.0pp | 37.5% | N/A | N/A | 86.9%+2.8pp | 84.1% | N/A |
| Operating Margin | -116.1%+24.4pp | -140.6%-106.0pp | -34.5%-8.2pp | -26.3%+53.3pp | -79.6%-23.3pp | -56.4%-6.4pp | -50.0%-29.6pp | -20.4% |
| Net Margin | -395.5%+154.0pp | -549.6%-476.3pp | -73.3%-315.3pp | 242.0%+382.2pp | -140.1%-173.7pp | 33.5%-32.6pp | 66.1%+74.1pp | -8.0% |
| Return on Equity | -33.9%-4.3pp | -29.7%-19.0pp | -10.7%-30.0pp | 19.3%+27.2pp | -7.9%-9.8pp | 1.9%-2.2pp | 4.1%+5.3pp | -1.1% |
| Return on Assets | -12.1%+0.1pp | -12.2%-7.1pp | -5.1%-13.9pp | 8.8%+12.1pp | -3.3%-4.1pp | 0.9%-1.1pp | 1.9%+2.4pp | -0.5% |
| Current Ratio | 13.18+2.9 | 10.32-6.4 | 16.68+2.3 | 14.34-1.9 | 16.21-14.1 | 30.34-2.1 | 32.43+17.2 | 15.26 |
| Debt-to-Equity | 1.81+0.4 | 1.36+0.4 | 0.97-0.1 | 1.04-0.2 | 1.26+0.2 | 1.10+0.1 | 1.03-0.1 | 1.12 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Great Elm Group's annual revenue?
Great Elm Group (GEGGL) reported $16.3M in total revenue for fiscal year 2025. This represents a -8.5% 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.
How fast is Great Elm Group's revenue growing?
Great Elm Group (GEGGL) revenue declined by 8.5% year-over-year, from $17.8M to $16.3M in fiscal year 2025.
Is Great Elm Group profitable?
Yes, Great Elm Group (GEGGL) reported a net income of $12.9M in fiscal year 2025, with a net profit margin of 79.0%.
What is Great Elm Group's EBITDA?
Great Elm Group (GEGGL) had EBITDA of -$6.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Great Elm Group's gross margin?
Great Elm Group (GEGGL) had a gross margin of 93.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Great Elm Group's operating margin?
Great Elm Group (GEGGL) had an operating margin of -49.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Great Elm Group's net profit margin?
Great Elm Group (GEGGL) had a net profit margin of 79.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Great Elm Group's return on equity (ROE)?
Great Elm Group (GEGGL) has a return on equity of 18.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Great Elm Group's operating cash flow?
Great Elm Group (GEGGL) generated -$9.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Great Elm Group's total assets?
Great Elm Group (GEGGL) had $153.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Great Elm Group's current ratio?
Great Elm Group (GEGGL) had a current ratio of 14.34 as of fiscal year 2025, which is generally considered healthy.
What is Great Elm Group's debt-to-equity ratio?
Great Elm Group (GEGGL) had a debt-to-equity ratio of 1.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Great Elm Group's return on assets (ROA)?
Great Elm Group (GEGGL) had a return on assets of 8.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Great Elm Group's cash runway?
Based on fiscal year 2025 data, Great Elm Group (GEGGL) had $30.6M in cash against an annual operating cash burn of $9.0M. This gives an estimated cash runway of approximately 41 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 Group's Piotroski F-Score?
Great Elm Group (GEGGL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.
Are Great Elm Group's earnings high quality?
Great Elm Group (GEGGL) has an earnings quality ratio of -0.70x, 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 Group cover its interest payments?
Great Elm Group (GEGGL) has an interest coverage ratio of -1.9x, 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.
How financially healthy is Great Elm Group?
Great Elm Group (GEGGL) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.