Greenidge Generation Holdings Inc Financials
This page shows Greenidge Generation Holdings Inc (GREE) 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Greenidge Generation Holdings Inc has an operating margin of -24.9%, meaning the company retains $-25 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -19.2% the prior year.
Greenidge Generation Holdings Inc's revenue declined 74.4% year-over-year, from $59.5M to $15.2M. This contraction results in a growth score of 0/100.
Greenidge Generation Holdings Inc's current ratio of 0.55 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 5/100, which could limit financial flexibility.
While Greenidge Generation Holdings Inc generated -$15.0M in operating cash flow, capex of $800K consumed most of it, leaving -$15.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Greenidge Generation Holdings Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Greenidge Generation Holdings Inc generates $-2.84 in operating cash flow (-$15.0M OCF vs $5.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Greenidge Generation Holdings Inc earns $-1.9 in operating income for every $1 of interest expense (-$3.8M vs $2.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Greenidge Generation Holdings Inc generated $15.2M in revenue in fiscal year 2025. This represents a decrease of 74.4% from the prior year.
Greenidge Generation Holdings Inc's EBITDA was $8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 296.4% from the prior year.
Greenidge Generation Holdings Inc reported $5.3M in net income in fiscal year 2025. This represents an increase of 126.7% from the prior year.
Greenidge Generation Holdings Inc earned $0.34 per diluted share (EPS) in fiscal year 2025. This represents an increase of 118.1% from the prior year.
Cash & Balance Sheet
Greenidge Generation Holdings Inc generated -$15.8M in free cash flow in fiscal year 2025, representing cash available after capex.
Greenidge Generation Holdings Inc held $19.6M in cash against $43.1M in long-term debt as of fiscal year 2025.
Greenidge Generation Holdings Inc had 13M shares outstanding in fiscal year 2025. This represents an increase of 3.6% from the prior year.
Margins & Returns
Greenidge Generation Holdings Inc's gross margin was 59.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Greenidge Generation Holdings Inc's operating margin was -24.9% in fiscal year 2025, reflecting core business profitability. This is down 5.7 percentage points from the prior year.
Greenidge Generation Holdings Inc's net profit margin was 34.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 68.0 percentage points from the prior year.
Capital Allocation
Greenidge Generation Holdings Inc invested $800K in capex in fiscal year 2025, funding long-term assets and infrastructure.
GREE Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.2M+18.3% | $12.9M-33.2% | $19.2M+30.1% | $14.8M+19.8% | $12.4M-5.4% | $13.1M-32.5% | $19.3M-1.6% | $19.6M |
| 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 | $3.1M-1.2% | $3.1M+11.9% | $2.8M-29.6% | $3.9M+5.9% | $3.7M-12.3% | $4.2M-21.4% | $5.4M+56.6% | $3.4M |
| Operating Income | $304K+109.0% | -$3.4M-42.1% | -$2.4M-82.2% | -$1.3M+71.8% | -$4.7M-23.7% | -$3.8M-118.5% | -$1.7M-131.1% | $5.5M |
| Interest Expense | $244K-67.8% | $758K-45.9% | $1.4M-15.8% | $1.7M-9.2% | $1.8M+1.5% | $1.8M+0.3% | $1.8M-40.0% | $3.0M |
| Income Tax | $0+100.0% | -$34K-240.0% | -$10K-120.4% | $49K+141.5% | -$118K | $0 | $0 | $0 |
| Net Income | $12.0M+390.4% | -$4.1M+26.0% | -$5.6M-42.4% | -$3.9M+38.7% | -$6.4M-14.3% | -$5.6M-41.2% | -$3.9M-234.1% | $2.9M |
| EPS (Diluted) | $0.75+377.8% | $-0.27+32.5% | $-0.40 | N/A | $-0.60-7.1% | $-0.56-33.3% | $-0.42 | N/A |
GREE Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $50.6M-4.2% | $52.8M-7.0% | $56.7M-12.6% | $64.9M+8.3% | $59.9M-4.7% | $62.9M-15.7% | $74.6M+4.8% | $71.2M |
| Current Assets | $21.8M+18.3% | $18.4M-10.1% | $20.5M-23.5% | $26.8M+28.7% | $20.8M+17.9% | $17.7M-42.7% | $30.8M+26.2% | $24.4M |
| Cash & Equivalents | $7.6M+123.2% | $3.4M-30.4% | $4.9M-43.4% | $8.6M+13.9% | $7.6M-26.2% | $10.3M-28.4% | $14.3M+7.7% | $13.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $639K-48.3% | $1.2M+192.0% | $423K-71.7% | $1.5M+23.2% | $1.2M+555.1% | $185K-67.8% | $574K+60.3% | $358K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $100.0M-12.3% | $114.0M-0.9% | $115.0M-4.7% | $120.6M+2.3% | $117.9M+2.6% | $115.0M-5.3% | $121.4M-0.6% | $122.2M |
| Current Liabilities | $24.5M+39.8% | $17.5M+20.0% | $14.6M-24.6% | $19.3M+13.8% | $17.0M+17.7% | $14.4M-28.7% | $20.2M-3.5% | $21.0M |
| Long-Term Debt | $45.8M-27.5% | $63.3M-5.8% | $67.2M-1.3% | $68.1M-2.1% | $69.5M+0.4% | $69.2M+0.4% | $69.0M+0.4% | $68.7M |
| Total Equity | -$49.4M+19.3% | -$61.2M-5.1% | -$58.2M-4.5% | -$55.8M+4.0% | -$58.0M-11.4% | -$52.1M-11.2% | -$46.8M+8.2% | -$51.0M |
| Retained Earnings | -$387.5M+3.0% | -$399.4M-1.0% | -$395.3M-1.4% | -$389.7M-1.0% | -$385.8M-1.7% | -$379.5M-1.5% | -$373.9M-1.1% | -$370.0M |
GREE Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $120K+102.5% | -$4.8M+16.2% | -$5.7M-54.9% | -$3.7M-99.7% | -$1.9M-28.9% | -$1.4M+71.6% | -$5.1M+55.0% | -$11.2M |
| 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 | $10.1M+70.7% | $5.9M+197.5% | $2.0M | N/A | -$838K+68.3% | -$2.6M-177.5% | -$952K | N/A |
| Financing Cash Flow | -$6.0M-132.3% | -$2.6M | $0-100.0% | $4.2M | $0 | $0-100.0% | $7.0M-22.7% | $9.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GREE Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 2.0%+28.4pp | -26.4%-14.0pp | -12.4%-3.6pp | -8.9%+28.8pp | -37.7%-8.8pp | -28.8%-19.9pp | -8.9%-37.1pp | 28.2% |
| Net Margin | 78.6%+110.6pp | -32.0%-3.1pp | -28.9%-2.5pp | -26.4%+25.1pp | -51.5%-8.9pp | -42.6%-22.2pp | -20.4%-35.4pp | 15.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 23.6%+31.5pp | -7.8%+2.0pp | -9.8%-3.8pp | -6.0%+4.6pp | -10.6%-1.8pp | -8.9%-3.6pp | -5.3%-9.4pp | 4.1% |
| Current Ratio | 0.89-0.2 | 1.05-0.4 | 1.41+0.0 | 1.39+0.2 | 1.220.0 | 1.22-0.3 | 1.52+0.4 | 1.16 |
| Debt-to-Equity | -0.93+0.1 | -1.03+0.1 | -1.15+0.1 | -1.22-0.0 | -1.20+0.1 | -1.33+0.1 | -1.47-0.1 | -1.35 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$46.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Greenidge Generation Holdings Inc's annual revenue?
Greenidge Generation Holdings Inc (GREE) reported $15.2M in total revenue for fiscal year 2025. This represents a -74.4% 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 Greenidge Generation Holdings Inc's revenue growing?
Greenidge Generation Holdings Inc (GREE) revenue declined by 74.4% year-over-year, from $59.5M to $15.2M in fiscal year 2025.
Is Greenidge Generation Holdings Inc profitable?
Yes, Greenidge Generation Holdings Inc (GREE) reported a net income of $5.3M in fiscal year 2025, with a net profit margin of 34.7%.
What is Greenidge Generation Holdings Inc's EBITDA?
Greenidge Generation Holdings Inc (GREE) had EBITDA of $8.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Greenidge Generation Holdings Inc have?
As of fiscal year 2025, Greenidge Generation Holdings Inc (GREE) had $19.6M in cash and equivalents against $43.1M in long-term debt.
What is Greenidge Generation Holdings Inc's gross margin?
Greenidge Generation Holdings Inc (GREE) had a gross margin of 59.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Greenidge Generation Holdings Inc's operating margin?
Greenidge Generation Holdings Inc (GREE) had an operating margin of -24.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Greenidge Generation Holdings Inc's net profit margin?
Greenidge Generation Holdings Inc (GREE) had a net profit margin of 34.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Greenidge Generation Holdings Inc's free cash flow?
Greenidge Generation Holdings Inc (GREE) generated -$15.8M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Greenidge Generation Holdings Inc's operating cash flow?
Greenidge Generation Holdings Inc (GREE) generated -$15.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Greenidge Generation Holdings Inc's total assets?
Greenidge Generation Holdings Inc (GREE) had $53.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Greenidge Generation Holdings Inc's capital expenditures?
Greenidge Generation Holdings Inc (GREE) invested $800K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Greenidge Generation Holdings Inc's current ratio?
Greenidge Generation Holdings Inc (GREE) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Greenidge Generation Holdings Inc's debt-to-equity ratio?
Greenidge Generation Holdings Inc (GREE) had a debt-to-equity ratio of -0.93 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Greenidge Generation Holdings Inc's return on assets (ROA)?
Greenidge Generation Holdings Inc (GREE) had a return on assets of 9.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Greenidge Generation Holdings Inc's cash runway?
Based on fiscal year 2025 data, Greenidge Generation Holdings Inc (GREE) had $19.6M in cash against an annual operating cash burn of $15.0M. This gives an estimated cash runway of approximately 16 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.
Why is Greenidge Generation Holdings Inc's debt-to-equity ratio negative or unusual?
Greenidge Generation Holdings Inc (GREE) has negative shareholder equity of -$46.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Greenidge Generation Holdings Inc's Piotroski F-Score?
Greenidge Generation Holdings Inc (GREE) has a Piotroski F-Score of 3 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 Greenidge Generation Holdings Inc's earnings high quality?
Greenidge Generation Holdings Inc (GREE) has an earnings quality ratio of -2.84x, 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 Greenidge Generation Holdings Inc cover its interest payments?
Greenidge Generation Holdings Inc (GREE) 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 Greenidge Generation Holdings Inc?
Greenidge Generation Holdings Inc (GREE) scores 1 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.