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Greenland Technologies Hldg Financials

GTEC
Source SEC Filings (10-K/10-Q) Updated Mar 23, 2026 Currency USD FYE March

This page shows Greenland Technologies Hldg (GTEC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
41

Greenland Technologies Hldg has an operating margin of 8.3%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is down from 15.0% the prior year.

Growth
47

Greenland Technologies Hldg's revenue grew 8.0% year-over-year to $90.7M, a solid pace of expansion. This earns a growth score of 47/100.

Leverage
88

Greenland Technologies Hldg carries a low D/E ratio of 0.68, meaning only $0.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
36

Greenland Technologies Hldg's current ratio of 1.97 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
67

Greenland Technologies Hldg converts 16.6% of revenue into free cash flow ($15.1M). This strong cash generation earns a score of 67/100.

Returns
26

Greenland Technologies Hldg generates a 6.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 23.4% the prior year.

Altman Z-Score Grey Zone
2.11

Greenland Technologies Hldg scores 2.11, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
6/9

Greenland Technologies Hldg passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
3.17x

For every $1 of reported earnings, Greenland Technologies Hldg generates $3.17 in operating cash flow ($15.6M OCF vs $4.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
67.4x

Greenland Technologies Hldg earns $67.4 in operating income for every $1 of interest expense ($7.5M vs $112K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$90.7M
YoY+8.0%
5Y CAGR+6.3%

Greenland Technologies Hldg generated $90.7M in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.

EBITDA
$9.9M
YoY-33.1%
5Y CAGR+1.7%

Greenland Technologies Hldg's EBITDA was $9.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.1% from the prior year.

Net Income
$4.9M
YoY-64.9%
5Y CAGR-6.1%

Greenland Technologies Hldg reported $4.9M in net income in fiscal year 2025. This represents a decrease of 64.9% from the prior year.

EPS (Diluted)
$0.31
YoY-69.9%

Greenland Technologies Hldg earned $0.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 69.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$15.1M
YoY+32.6%

Greenland Technologies Hldg generated $15.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 32.6% from the prior year.

Cash & Debt
$7.8M
YoY+16.8%
5Y CAGR+1.7%

Greenland Technologies Hldg held $7.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
19M
YoY+40.0%
5Y CAGR+13.2%

Greenland Technologies Hldg had 19M shares outstanding in fiscal year 2025. This represents an increase of 40.0% from the prior year.

Margins & Returns

Gross Margin
31.4%
YoY+4.5pp
5Y CAGR+12.2pp

Greenland Technologies Hldg's gross margin was 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the prior year.

Operating Margin
8.3%
YoY-6.7pp
5Y CAGR-1.7pp

Greenland Technologies Hldg's operating margin was 8.3% in fiscal year 2025, reflecting core business profitability. This is down 6.7 percentage points from the prior year.

Net Margin
5.4%
YoY-11.3pp
5Y CAGR-4.7pp

Greenland Technologies Hldg's net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.3 percentage points from the prior year.

Return on Equity
6.8%
YoY-16.6pp
5Y CAGR-8.3pp

Greenland Technologies Hldg's ROE was 6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$3.9M
YoY+33.5%
5Y CAGR+10.5%

Greenland Technologies Hldg invested $3.9M in research and development in fiscal year 2025. This represents an increase of 33.5% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$526K
YoY-73.2%

Greenland Technologies Hldg invested $526K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 73.2% from the prior year.

GTEC Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $23.4M+7.7% $21.7M+0.2% $21.7M+11.9% $19.4M+2.8% $18.8M-18.2% $23.0M+1.3% $22.7M-0.2% $22.8M
Cost of Revenue $15.8M-0.9% $16.0M+6.3% $15.0M+5.6% $14.2M+2.6% $13.9M-14.6% $16.2M-4.9% $17.1M+0.9% $16.9M
Gross Profit $7.6M+31.7% $5.8M-13.7% $6.7M+29.4% $5.1M+3.6% $5.0M-26.7% $6.8M+20.0% $5.6M-3.6% $5.9M
R&D Expenses $561K+26.4% $444K+444.7% $81K-79.0% $388K-11.5% $438K-61.0% $1.1M+13.7% $988K-39.5% $1.6M
SG&A Expenses $1.5M-77.1% $6.6M+360.5% $1.4M+435.7% $269K-77.7% $1.2M+0.2% $1.2M-45.1% $2.2M+70.5% $1.3M
Operating Income $5.1M+318.0% -$2.3M-148.3% $4.8M+28.1% $3.8M+28.2% $2.9M-26.5% $4.0M+106.9% $1.9M-12.0% $2.2M
Interest Expense N/A N/A N/A -$5K-153.6% $9K-73.7% $36K-17.9% $44K+39.3% $31K
Income Tax $920K+8.4% $849K-3.3% $878K+30.4% $674K+95.7% $344K-49.4% $681K+466.0% -$186K-181.7% $228K
Net Income $5.7M+277.7% -$3.2M-180.6% $4.0M-47.3% $7.6M+1210.2% -$684K-114.7% $4.7M+85.9% $2.5M+113.3% -$18.8M
EPS (Diluted) $0.33+265.0% $-0.20-169.0% $0.29 N/A $-0.05-114.7% $0.34+88.9% $0.18 N/A

GTEC Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $123.4M-0.1% $123.6M+4.1% $118.6M+2.7% $115.6M-9.4% $127.5M+0.6% $126.8M-8.9% $139.2M+6.7% $130.5M
Current Assets $99.0M+4.6% $94.6M+1.2% $93.5M+0.9% $92.6M-7.5% $100.2M-2.2% $102.4M-0.9% $103.4M+3.6% $99.8M
Cash & Equivalents $3.9M-13.8% $4.6M-15.3% $5.4M-18.9% $6.7M-62.2% $17.6M+3.0% $17.1M+7.1% $16.0M-30.4% $23.0M
Inventory $23.9M-2.2% $24.4M+1.9% $23.9M+2.4% $23.4M+7.0% $21.8M+7.9% $20.3M-18.2% $24.7M+0.6% $24.6M
Accounts Receivable $21.6M-2.6% $22.1M+3.3% $21.4M+35.6% $15.8M-22.1% $20.3M-7.4% $21.9M+3.4% $21.2M+28.4% $16.5M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $53.6M-11.2% $60.3M-0.4% $60.6M-2.8% $62.3M-5.9% $66.2M-2.6% $68.0M-20.8% $85.9M+7.6% $79.8M
Current Liabilities $51.2M-9.0% $56.2M+0.1% $56.2M-2.4% $57.5M-3.6% $59.7M-6.7% $64.0M-19.8% $79.8M+10.0% $72.5M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $75.4M+9.0% $69.2M+7.1% $64.6M+7.3% $60.2M+5.4% $57.1M+1.5% $56.3M+8.4% $51.9M+3.7% $50.1M
Retained Earnings $39.1M+17.2% $33.4M-8.8% $36.6M+12.3% $32.6M+30.4% $25.0M-2.7% $25.7M+22.1% $21.0M+13.5% $18.5M

GTEC Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $8.3M+584.5% -$1.7M-237.0% $1.2M-71.4% $4.4M-28.1% $6.1M-46.6% $11.3M+234.7% -$8.4M-519.5% $2.0M
Capital Expenditures $112K-18.8% $139K+864.5% $14K-97.4% $548K+308.4% $134K+38.1% $97K-91.8% $1.2M N/A
Free Cash Flow $8.1M+542.0% -$1.8M-249.8% $1.2M-67.7% $3.8M-35.7% $5.9M-47.3% $11.2M+217.1% -$9.6M N/A
Investing Cash Flow -$114K-184.6% $135K+119.3% -$702K-389.1% $243K+278.7% -$136K-43.6% -$95K+95.0% -$1.9M-1133.6% -$152K
Financing Cash Flow -$9.4M-762.0% -$1.1M+38.2% -$1.8M+89.3% -$16.5M-139.2% -$6.9M+29.8% -$9.8M-519.9% $2.3M+58.2% $1.5M
Dividends Paid $486K $0-100.0% $188K N/A N/A N/A N/A $0
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

GTEC Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 32.4%+5.9pp 26.5%-4.3pp 30.7%+4.2pp 26.6%+0.2pp 26.4%-3.1pp 29.4%+4.6pp 24.9%-0.9pp 25.7%
Operating Margin 21.6%+32.4pp -10.7%-32.9pp 22.2%+2.8pp 19.4%+3.8pp 15.6%-1.8pp 17.3%+8.8pp 8.5%-1.1pp 9.6%
Net Margin 24.5%+39.3pp -14.8%-33.3pp 18.5%-20.8pp 39.2%+42.9pp -3.6%-23.8pp 20.2%+9.2pp 11.0%+93.7pp -82.7%
Return on Equity 7.6%+12.3pp -4.7%-10.9pp 6.2%-6.4pp 12.6%+13.8pp -1.2%-9.5pp 8.3%+3.4pp 4.8%+42.4pp -37.6%
Return on Assets 4.6%+7.2pp -2.6%-6.0pp 3.4%-3.2pp 6.6%+7.1pp -0.5%-4.2pp 3.7%+1.9pp 1.8%+16.2pp -14.4%
Current Ratio 1.93+0.3 1.68+0.0 1.66+0.1 1.61-0.1 1.68+0.1 1.60+0.3 1.30-0.1 1.38
Debt-to-Equity 0.71-0.2 0.87-0.1 0.94-0.1 1.03-0.1 1.16-0.0 1.21-0.4 1.65+0.1 1.59
FCF Margin 34.8%+43.3pp -8.5%-14.2pp 5.7%-14.0pp 19.7%-11.8pp 31.5%-17.4pp 48.9%+91.1pp -42.3% N/A

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Frequently Asked Questions

Greenland Technologies Hldg (GTEC) reported $90.7M in total revenue for fiscal year 2025. This represents a 8.0% 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.

Greenland Technologies Hldg (GTEC) revenue grew by 8% year-over-year, from $83.9M to $90.7M in fiscal year 2025.

Yes, Greenland Technologies Hldg (GTEC) reported a net income of $4.9M in fiscal year 2025, with a net profit margin of 5.4%.

Greenland Technologies Hldg (GTEC) reported diluted earnings per share of $0.31 for fiscal year 2025. This represents a -69.9% 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.

Greenland Technologies Hldg (GTEC) had EBITDA of $9.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Greenland Technologies Hldg (GTEC) had a gross margin of 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Greenland Technologies Hldg (GTEC) had an operating margin of 8.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Greenland Technologies Hldg (GTEC) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Greenland Technologies Hldg (GTEC) has a return on equity of 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Greenland Technologies Hldg (GTEC) generated $15.1M in free cash flow during fiscal year 2025. This represents a 32.6% change compared to the previous fiscal year. 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.

Greenland Technologies Hldg (GTEC) generated $15.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Greenland Technologies Hldg (GTEC) had $115.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Greenland Technologies Hldg (GTEC) invested $526K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Greenland Technologies Hldg (GTEC) invested $3.9M in research and development during fiscal year 2025.

Greenland Technologies Hldg (GTEC) had 19M shares outstanding as of fiscal year 2025.

Greenland Technologies Hldg (GTEC) had a current ratio of 1.97 as of fiscal year 2025, which is generally considered healthy.

Greenland Technologies Hldg (GTEC) had a debt-to-equity ratio of 0.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Greenland Technologies Hldg (GTEC) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Greenland Technologies Hldg (GTEC) has an Altman Z-Score of 2.11, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Greenland Technologies Hldg (GTEC) has a Piotroski F-Score of 6 out of 9, indicating neutral 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.

Greenland Technologies Hldg (GTEC) has an earnings quality ratio of 3.17x, considered cash-backed (high quality). 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.

Greenland Technologies Hldg (GTEC) has an interest coverage ratio of 67.4x, meaning it can comfortably 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.

Greenland Technologies Hldg (GTEC) scores 51 out of 100 on our Financial Profile, indicating moderate 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.

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