Greenidge Genera Financials
This page shows Greenidge Genera (GREEL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
Greenidge Genera 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 Genera generates $0.61 in operating cash flow (-$12.0M OCF vs -$19.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Greenidge Genera earns $-1.6 in operating income for every $1 of interest expense (-$11.4M vs $7.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Greenidge Genera generated $59.5M in revenue in fiscal year 2024. This represents a decrease of 15.4% from the prior year.
Greenidge Genera's EBITDA was $2.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 161.5% from the prior year.
Greenidge Genera reported -$19.8M in net income in fiscal year 2024. This represents an increase of 33.0% from the prior year.
Greenidge Genera earned $-1.88 per diluted share (EPS) in fiscal year 2024. This represents an increase of 57.6% from the prior year.
Greenidge Genera held $8.6M in cash against $68.1M in long-term debt as of fiscal year 2024.
Greenidge Genera had 13M shares outstanding in fiscal year 2024. This represents an increase of 42.6% from the prior year.
Greenidge Genera's operating margin was -19.2% in fiscal year 2024, reflecting core business profitability. This is up 4.8 percentage points from the prior year.
Greenidge Genera's net profit margin was -33.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.7 percentage points from the prior year.
GREEL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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% | $-0.40-33.3% | $-0.30+50.0% | $-0.60-7.1% | $-0.56-33.3% | $-0.42-166.7% | $0.63 |
GREEL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
GREEL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
GREEL 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 | 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 (-$55.8M), 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.
Frequently Asked Questions
What is Greenidge Genera's annual revenue?
Greenidge Genera (GREEL) reported $59.5M in total revenue for fiscal year 2024. This represents a -15.4% 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 Genera's revenue growing?
Greenidge Genera (GREEL) revenue declined by 15.4% year-over-year, from $70.4M to $59.5M in fiscal year 2024.
Is Greenidge Genera profitable?
No, Greenidge Genera (GREEL) reported a net income of -$19.8M in fiscal year 2024, with a net profit margin of -33.2%.
What is Greenidge Genera's earnings per share (EPS)?
Greenidge Genera (GREEL) reported diluted earnings per share of $-1.88 for fiscal year 2024. This represents a 57.6% 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 Greenidge Genera's EBITDA?
Greenidge Genera (GREEL) had EBITDA of $2.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Greenidge Genera have?
As of fiscal year 2024, Greenidge Genera (GREEL) had $8.6M in cash and equivalents against $68.1M in long-term debt.
What is Greenidge Genera's operating margin?
Greenidge Genera (GREEL) had an operating margin of -19.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Greenidge Genera's net profit margin?
Greenidge Genera (GREEL) had a net profit margin of -33.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Greenidge Genera's operating cash flow?
Greenidge Genera (GREEL) generated -$12.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Greenidge Genera's total assets?
Greenidge Genera (GREEL) had $64.9M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Greenidge Genera have outstanding?
Greenidge Genera (GREEL) had 13M shares outstanding as of fiscal year 2024.
What is Greenidge Genera's current ratio?
Greenidge Genera (GREEL) had a current ratio of 1.39 as of fiscal year 2024, which is considered adequate.
What is Greenidge Genera's debt-to-equity ratio?
Greenidge Genera (GREEL) had a debt-to-equity ratio of -1.22 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Greenidge Genera's return on assets (ROA)?
Greenidge Genera (GREEL) had a return on assets of -30.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Greenidge Genera's cash runway?
Based on fiscal year 2024 data, Greenidge Genera (GREEL) had $8.6M in cash against an annual operating cash burn of $12.0M. This gives an estimated cash runway of approximately 9 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 Genera's debt-to-equity ratio negative or unusual?
Greenidge Genera (GREEL) has negative shareholder equity of -$55.8M as of fiscal year 2024, 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 Genera's Piotroski F-Score?
Greenidge Genera (GREEL) 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 Genera's earnings high quality?
Greenidge Genera (GREEL) has an earnings quality ratio of 0.61x, 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 Genera cover its interest payments?
Greenidge Genera (GREEL) has an interest coverage ratio of -1.6x, 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.