Here are the 10-Q quarterly reports from Great Elm Capital Corp. 5.875% Notes due 2026 (GECCO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GECCO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GECCO filings page.
Great Elm Capital Corp. reports softer first-quarter 2026 results as its investment portfolio shrinks and unrealized losses rise. Total investment income was $9.5 million, down from $12.5 million a year earlier, reflecting a smaller, lower-yielding debt book. Total expenses were $4.5 million, but advisory costs turned negative after the external manager waived $2.8 million of accrued incentive fees, boosting net income and net asset value.
The portfolio’s fair value declined to $267.2 million from $298.3 million at year-end 2025, with a weighted average debt yield of 11.56%. Realized gains of $2.6 million were offset by $8.4 million of net unrealized depreciation, driven primarily by CLO and Universal Fiber holdings. Liquidity included $9.6 million in money market investments, and notes payable totaled $174.0 million, mainly maturing between three and five years.