Welcome to our dedicated page for Great Elm Group SEC filings (Ticker: GEG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Great Elm Group, Inc. filings document an alternative asset manager's operating results, securities, governance and capital actions. Form 8-K reports furnish earnings releases and material events covering AUM, fee revenue, investment valuations, real estate activity, stock repurchase authorization, common stock and the company's 7.25% Notes due 2027.
The filing record also includes proxy materials for the annual stockholders' meeting, shareholder voting procedures and board matters. Material-event filings describe director changes, securities purchase agreements, private placements, registration-rights covenants and other capital-structure disclosures tied to Great Elm's asset management and real estate platforms.
Great Elm Group, Inc. (GEG) reported fiscal 2026 results showing strong top-line growth but a swing to loss driven by investment marks. Full-year revenue was $27.8 million, up about 70% from $16.3 million in 2025, while net loss was $35.4 million versus prior-year net income of $12.9 million, largely due to $22.2 million of net realized and unrealized losses associated with GECC-related investments versus gains a year earlier.
Fourth-quarter revenue rose 88% to $10.6 million, with net income of $1.1 million, down from $13.6 million on lower net unrealized gains. Full-year Adjusted EBITDA was $(3.4) million versus $4.3 million in 2025. GEG and its managed vehicles raised about $393 million of gross capital in fiscal 2026, and fee-paying AUM and total AUM reached $590 million and $771 million, respectively, as of June 30, 2026.
GEG ended the year with a strong liquidity position, holding about $53.5 million in cash and cash equivalents. The company continued capital returns, repurchasing about 8.1 million shares for $16.1 million under a $40 million authorization, leaving roughly $23.9 million of remaining capacity.
Great Elm Group, Inc. (GEG) reports a sharp swing to a net loss of $36.9 million for the year ended June 30, 2026, versus net income of $15.6 million a year earlier. Revenue rose 70% to $27.8 million, driven mainly by Real Estate property sales and growth in the construction management business after the Greenfield CRE acquisition.
The loss stems largely from significant unrealized losses on three special purpose vehicles, a listed equity investment, and a private fund, reversing large unrealized gains in 2025. GEG manages about $770.6 million in assets across Alternative Credit and Industrial Outdoor Storage–focused real estate vehicles, and held $53.5 million in cash plus $32.6 million in investments at June 30, 2026, alongside $26.9 million of 7.25% notes due 2027 and $36.8 million of 5.0% Convertible Senior Notes due 2030. Management states it has sufficient liquidity for at least the next 12 months and highlights federal and state NOL carryforwards that may offset future taxable income.
Northern Right Capital–affiliated funds reported internal rebalancing of their Great Elm Group common stock and convertible note holdings. Northern Right Capital (QP), L.P. transferred 7,887 common shares at $2.18 per share and $13,087 principal of 5.0% Convertible Senior PIK Notes due 2030 to Northern Right Long Only Master Fund LP.
After these transfers, Northern Right QP, NRC LO and managed accounts advised by Northern Right Capital Management collectively beneficially own 4,243,168 shares of Great Elm Group common stock. Northern Right QP, NRC LO and Matthew A. Drapkin also entered a Forbearance Agreement with the company to forbear converting the notes into common stock until July 15, 2027.
Northern Right Capital Management, related funds and BC Advisors, LLC, together with Matthew A. Drapkin, report aggregate beneficial ownership of 6,211,072 shares of Great Elm Group, Inc. common stock, representing 19.1% of the outstanding shares as of July 13, 2026. This percentage is based on 32,539,020 shares, including 31,357,008 shares outstanding as of April 30, 2026 and 1,182,012 shares that could be issued upon maximum conversion of certain PIK Notes held by the Managed Accounts.
Northern Right QP, NRC LO and Mr. Drapkin hold PIK Notes with principal amounts of $2,745,290, $1,016,880 and $342,021, respectively, convertible into 790,648, 292,863 and 98,502 shares of common stock if converted. Under a Forbearance Agreement dated July 10, 2026, they irrevocably agree to forbear from converting these PIK Notes (and any additional PIK Notes issued under them) into common stock until July 15, 2027, so the related conversion shares are not treated as beneficially owned for Northern Right QP, NRC LO, Mr. Drapkin, BCA or NRC Fund GP.
Great Elm Group, Inc. insider Jason W. Reese reported a non-market transfer of shares. He made a bona fide gift of 99,637 shares of Common Stock at no consideration to a charitable giving fund, leaving him with 1,004,327 shares held directly after the transaction. The filing also shows 6,379,646 shares of Common Stock held indirectly through Long Ball Partners LLC, Imperial Capital Asset Management, LLC, and Imperial Capital Group Holdings II, LLC, over which Mr. Reese has voting and dispositive power, while each party disclaims beneficial ownership except to the extent of its pecuniary interest.
Northern Right Capital and related funds report beneficial ownership of 6,182,242 shares of Great Elm Group common stock, representing 19.0% of the company. This total includes shares held directly, in managed accounts and through affiliated funds, plus certain unvested restricted shares awarded to Matthew A. Drapkin.
The ownership calculation is based on 32,510,190 shares outstanding as of early May 2026, which factors in 1,153,182 shares that could be issued upon maximum conversion of PIK Notes held in managed accounts. Northern Right QP and Northern Right Long Only have agreed under a Forbearance Agreement not to convert their PIK Notes into additional shares until July 15, 2026.
Great Elm Group, Inc. reported higher revenue but significantly larger losses for the quarter and nine months ended March 31, 2026. Revenue rose to $3.4 million for the quarter and $17.2 million year-to-date, up from $3.2 million and $10.7 million a year earlier, driven mainly by real estate-related fees and project management income.
Despite this growth, the company posted a quarterly net loss attributable to stockholders of $13.7 million and a nine‑month loss of $36.5 million, versus a loss of $4.5 million and $0.7 million in the prior-year periods. The sharp deterioration mainly reflects large net realized and unrealized losses on investments and on consolidated funds, which more than offset operating revenue.
Total assets fell to $111.8 million from $153.9 million as of June 30, 2025, while stockholders’ equity declined to $39.8 million from $80.7 million. Cash and cash equivalents increased to $45.5 million, partly supported by equity issuances, even as the company continued stock repurchases and redeemed non‑controlling interests in consolidated funds. Great Elm now manages approximately $744 million of assets across alternative credit and industrial outdoor storage real estate strategies under its new two‑segment structure.
Great Elm Group, Inc. reported fiscal third‑quarter 2026 revenue of $3.4 million, up 7% from the prior-year period, but a wider net loss of $13.5 million driven mainly by unrealized losses on investments tied to GECC common stock and related SPVs.
Fee-paying assets under management were $528 million and total AUM was $744 million. Adjusted EBITDA was a loss of $1.6 million. The company ended March 31, 2026 with $45.5 million of cash and equivalents and repurchased about 1.4 million shares, over 4% of its stock, at an average price of $2.04. The board increased the stock repurchase authorization by $15 million to $40 million.
Reese Jason W. reported acquisition or exercise transactions in this Form 4 filing.
Great Elm Group, Inc. director and officer Jason W. Reese reported an award of 27,022 shares of Common Stock on March 3, 2026. The restricted stock was granted at $0.0000 per share and vests in equal quarterly installments from March 31, 2026 through December 31, 2026, contingent on his continued service on the board of Great Elm Capital Corp.
The filing also reports indirect ownership of 6,379,646 shares of Common Stock as of March 3, 2026, consisting of 5,009,662 shares held by Long Ball Partners, LLC, 909,084 shares held by Imperial Capital Asset Management, LLC, and 460,900 shares held by Imperial Capital Group Holdings II, LLC. Mr. Reese has voting and dispositive power over these shares, while each party disclaims beneficial ownership except to the extent of its pecuniary interest.
Great Elm Group, Inc. furnished a press release as an exhibit to report on its results of operations and financial condition. The company issued this press release on February 4, 2026, and attached it as Exhibit 99.1 to the current report.
The information in the press release and this report is being treated as furnished rather than filed, which limits certain legal liabilities and how it may be incorporated into other securities law filings.