Great Elm Group (NASDAQ: GEG) widens Q3 loss but boosts buyback

Rhea-AI Filing Summary

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.

Insights

Alternative asset management analyst

Great Elm posted higher revenue but a larger loss, while boosting buybacks and liquidity.

Great Elm Group grew fiscal Q3 2026 revenue to $3.4M, a 7% increase, reflecting fee generation across its credit and real estate platforms. However, net loss widened to $13.5M, mainly from unrealized losses on GECC-related investments, highlighting earnings sensitivity to market movements.

Operating performance was weak, with Adjusted EBITDA at a loss of $1.6M versus a prior-year profit. Still, cash and equivalents of $45.5M as of March 31, 2026 support growth and capital returns. Management repurchased about 1.4M shares and expanded the stock repurchase authorization to $40M, signaling ongoing capital return alongside investment in the platform.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Quarterly revenue: $3.4 million Quarterly net loss: $13.5 million Adjusted EBITDA: $(1.6) million +5 more

8 metrics

Quarterly revenue $3.4 million Fiscal Q3 2026 revenue, 7% above prior-year period

Quarterly net loss $13.5 million Fiscal Q3 2026 net loss attributable to Great Elm stockholders

Adjusted EBITDA $(1.6) million Fiscal Q3 2026 Adjusted EBITDA versus $0.5 million prior-year

Cash and cash equivalents $45.5 million Cash and equivalents as of March 31, 2026

Fee-paying AUM $528 million Fee-paying assets under management as of March 31, 2026

Total AUM $744 million Total assets under management as of March 31, 2026

Quarter shares repurchased 1.4 million shares Fiscal Q3 2026 buybacks at $2.04 average price

Repurchase authorization $40 million Total stock repurchase program authorization after $15 million increase

Key Terms

Adjusted EBITDA, fee-paying assets under management, Industrial Outdoor Storage, stock repurchase program, +1 more

5 terms

Adjusted EBITDA financial

"Included in the financial tables below is a reconciliation of Adjusted EBITDA to the most directly comparable US GAAP financial measure"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

fee-paying assets under management financial

"GEG’s fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) totaled approximately $528 million and $744 million"

The portion of an investment manager’s total assets that are charged regular fees by clients—money the firm actively manages and earns a fee on, such as mutual funds, advisory accounts, or managed portfolios. It matters to investors because it directly drives a manager’s revenue and profit potential: more fee-paying assets are like more rented storage units bringing steady rent, while declines or lower fee rates shrink future income and make the business more sensitive to client withdrawals.

Industrial Outdoor Storage financial

"Real Estate Ventures operates as a comprehensive, vertically-integrated real estate enterprise serving the Industrial Outdoor Storage, or “IOS,” sector"

Industrial outdoor storage is the keeping of equipment, raw materials, shipping containers or finished goods in secured yards, lots or open-air racks at industrial properties instead of inside buildings. For investors it matters because outdoor storage can change rental income, operating costs, insurance and environmental or zoning risks — like using a driveway instead of a garage, it’s cheaper space but brings different liabilities and value implications for property owners and tenants.

stock repurchase program financial

"the Company’s stock repurchase program, authorizing the repurchase of up to $40 million in aggregate of its outstanding common stock"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

Non-GAAP financial measures financial

"The SEC has adopted rules to regulate the use in filings with the SEC, and in public disclosures, of financial measures that are not in accordance with US GAAP"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

Earnings Snapshot

Revenue: $3.4 million

Fiscal Q3 2026

Revenue $3.4 million +7% year-over-year

Net loss attributable to stockholders $(13.5) million vs $(4.5) million prior-year

Adjusted EBITDA $(1.6) million vs $0.5 million prior-year

Understanding 8-K Material Events →

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 06, 2026

Great Elm Group, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-39832	85-3622015
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
3801 PGA Boulevard Suite 603
Palm Beach Gardens, Florida				33410
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 617 375-3006

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		GEG		The Nasdaq Stock Market LLC
7.25% Notes due 2027		GEGGL		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 6, 2026, Great Elm Group, Inc. issued the press release furnished as Exhibit 99.1 to this report.

The foregoing information (including the Exhibit 99.1 hereto) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated May 6, 2026
104		The cover page from this Current Report on Form 8-K, formatted as inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Great Elm Group, Inc.
Date:	May 6, 2026	By:	/s/ Keri Davis
			Keri Davis, Chief Financial Officer

Exhibit 99.1

GREAT ELM GROUP REPORTS FISCAL 2026 THIRD QUARTER

FINANCIAL RESULTS

– Unrealized Loss of $9.8 Million on GEG’s Investments in the Quarter, Driven Primarily by GECC Share Price Volatility1 –

– Fee-Paying AUM and AUM Totaled $528 Million and $744 Million, Respectively, as of

March 31, 2026 –

– Total Revenue Increased 7% from the Prior-Year Period –

– Monomoy BTS Begins Development of Fourth Build-to-Suit Property –

– Strong, Liquid Balance Sheet with Over $45 Million of Cash and Equivalents Positions Company to Drive Continued Growth –

–Repurchased Approximately 1.4 Million Shares, Over 4% of Shares Outstanding –

– Board Approved a $15 Million Increase to GEG’s Stock Repurchase Program, Bringing Total Authorization to $40 Million –

Company to Host Conference Call at 8:30 a.m. ET on May 7, 2026

PALM BEACH GARDENS, Florida, May 6, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2026.

Management Commentary

Jason Reese, Chief Executive Officer of the Company stated, “We navigated a challenging fiscal third quarter against a backdrop of continued volatility and market negativity towards private credit. Results were primarily impacted by unrealized losses tied to movements in GECC’s share price. Nevertheless, we remain focused on prudent capital deployment and building momentum across our alternative asset management platform.

At GECC, we took decisive actions to strengthen the balance sheet and enhance portfolio quality. Our focus remains on rigorous credit underwriting, increasing portfolio diversification, and adding cash-generative, secured credit investments. GECC maintains ample liquidity and is positioned for an improved trajectory and long-term performance.

Within our real estate platform, Monomoy continues to drive growth and value creation. The business delivered strong operational execution during the quarter, supported by robust acquisition activity, an expanding development pipeline, and continued progress on strategic capital initiatives. Monomoy REIT closed five acquisitions during the quarter, surpassing total acquisition activity for all of calendar 2025, and continues to action a strong pipeline of attractive opportunities. We are actively exploring additional capital raising opportunities to grow the business.

We also continue to source unique investments through our proprietary network. Our CoreWeave-related investment continues to perform well, with cumulative distributions exceeding our initial investment and meaningful upside potential remaining at current trading levels.

Finally, we repurchased a significant amount of our common stock for the tenth consecutive quarter, underscoring our conviction in the business and our commitment to building shareholder value. Under our recently expanded stock repurchase program, approximately $25 million of capacity remains available. Looking ahead, we are focused on selectively deploying capital into compelling opportunities, growing assets under management and fee-related earnings, and delivering sustained long-term value for our shareholders.”

Fiscal Third Quarter 2026 and Recent Highlights

•GEG’s fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) totaled approximately $528 million and $744 million, respectively.

oFPAUM and AUM decreased by 7% and 3%, respectively, compared to the prior-year period.

•Total revenue for the third quarter was $3.4 million, compared to $3.2 million for the prior-year period, a 7% increase.

•Net loss was $(13.5) million for the third quarter, compared to net loss of $(4.5) million in the prior-year period.

oIncrease in net loss primarily driven by unrealized losses associated with the Company’s investments in GECC common stock and SPVs related to GECC common stock.

•Adjusted EBITDA for the third quarter was $(1.6) million compared to $0.5 million in the prior-year period.

•As of March 31, 2026, GEG had approximately $45.5 million of cash and cash equivalents on its balance sheet to support growth initiatives across its alternative asset management platform.

•GEG repurchased approximately 1.4 million shares in the third quarter, or over 4% of shares outstanding, at an average price of $2.04 per share.

oThrough May 4, 2026, Great Elm has repurchased approximately 7.8 million shares at an average price of $2.00 per share, equating to $15.6 million since the initiation of the stock repurchase program, leaving approximately $24.4 million of remaining capacity under the program for future repurchases.

GEG Business Highlights

Alternative Credit

•GECC’s Board of Directors appointed Jason Reese as Chief Executive Officer on May 4, 2026, following Mr. Reese’s appointment as Executive Chairman on March 2, 2026, to provide seasoned credit investment experience and active management oversight.

•GEG received management fees from GECC of $1.1 million for the fiscal third quarter ended March 31, 2026.

•In February 2026, Great Elm Capital Management, LLC (“GECM”) waived all accrued and unpaid incentive fees for GECC through March 31, 2026. Additionally, in April 2026, GECM waived all accrued and unpaid incentive fees for GECC through June 30, 2026.

•GECC paid $0.30 per share of dividends to shareholders in the quarter ended March 31, 2026.

•GECC’s investment team continued targeted portfolio reviews and credit optimization initiatives during the quarter.

•In Great Elm’s private credit strategy, the Great Elm Credit Income Fund, launched in November 2023, redeemed all third-party investors during the quarter, leaving the Company’s approximately $7.0 million investment at March 31, 2026.

Real Estate

•Great Elm Real Estate Ventures (“Real Estate Ventures”), formed in connection with the KLIM strategic partnership, consolidates Great Elm’s three real estate subsidiaries under a single entity. These subsidiaries include:

oMonomoy CRE, LLC, an asset manager, including manager of Monomoy REIT (“MREIT”);

oMonomoy BTS, Corp. (“MBTS”), a build-to-suit development arm; and

oMonomoy Construction Services, LLC (“MCS”), a full-service procurement and construction manager.

•Real Estate Ventures operates as a comprehensive, vertically-integrated real estate enterprise serving the Industrial Outdoor Storage, or “IOS,” sector.

2

•MCRE received investment and property management fees of approximately $1.0 million, growing more than 20% from the prior-year period.

o MCRE is actively exploring additional capital raising opportunities to grow the business.

•Monomoy REIT closed on five acquisitions, deploying and committing approximately $28 million2, and continued value-add construction on existing properties.

oAdditionally, MREIT closed $10.5 million three-year I/O property-level financing at an attractive interest rate.

•MBTS delivered to the tenant and commenced the lease for its third development property in Florida and purchased land to begin its fourth development project in Texas.

•MCS completed its fourth full quarter of operations, generating $0.7 million of revenue in the quarter.

Investments

•Great Elm recorded an unrealized gain of $0.4 million from its CoreWeave-related investment during the fiscal third quarter of 2026, driven by market-based valuation changes.

oSubsequent to quarter end, Great Elm received an additional $1.0 million of distributions from its CoreWeave-related investment, bringing total distributions to date to approximately $6.8 million, well in excess of its $5.0 million original capital investment.

oBased on the closing price of CoreWeave’s common stock on May 5, 2026, the estimated value of GEG’s remaining investment is approximately $7.5 million, as of the date hereof.

•Unrealized losses on the Company’s investments in GECC common stock and SPVs related to GECC common stock totaled $2.8 million and $8.1 million, respectively, for the quarter ended March 31, 2026.

Stock Repurchase Program

In the fiscal third quarter of 2026, GEG’s Board of Directors approved a $15 million increase to the Company’s stock repurchase program, authorizing the repurchase of up to $40 million in aggregate of its outstanding common stock in the open market. As of May 4, 2026, the Company has repurchased approximately 7.8 million shares for $15.6 million, at an average price of $2.00 per share, leaving approximately $24.4 million of capacity remaining under the program for future repurchases.

Fiscal 2026 Third Quarter Conference Call & Webcast Information

When: Thursday, May 7, 2026, 8:30 a.m. Eastern Time (ET)

Call: All interested parties are invited to participate in the conference call by dialing +1 (877) 407-0752; international callers should dial +1 (201) 389-0912. Participants should enter the Conference ID 13757472 if asked.

Webcast: The conference call will be webcast simultaneously and can be accessed here. A copy of the slide presentation accompanying the conference call can be found here.

About Great Elm Group, Inc.

Great Elm Group, Inc. (NASDAQ: GEG) is a publicly-traded, alternative asset manager focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. Great Elm Group, Inc. and its subsidiaries currently manage Great Elm Capital Corp., a publicly-traded business development company, and Monomoy Properties REIT, LLC, an industrial outdoor storage (“IOS”) focused real estate investment trust, in addition to other investments. Great Elm Group, Inc.’s website can be found at www.greatelmgroup.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

3

Statements in this press release that are “forward-looking” statements, including statements regarding expected growth, profitability, acquisition opportunities and outlook involve risks and uncertainties that may individually or collectively impact the matters described herein. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made and represent Great Elm’s assumptions and expectations in light of currently available information. These statements involve risks, variables and uncertainties, and Great Elm’s actual performance results may differ from those projected, and any such differences may be material. For information on certain factors that could cause actual events or results to differ materially from Great Elm’s expectations, please see Great Elm’s filings with the Securities and Exchange Commission (“SEC”), including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Additional information relating to Great Elm’s financial position and results of operations is also contained in Great Elm’s annual and quarterly reports filed with the SEC and available for download at its website www.greatelmgroup.com or at the SEC website www.sec.gov.

Non-GAAP Financial Measures

The SEC has adopted rules to regulate the use in filings with the SEC, and in public disclosures, of financial measures that are not in accordance with US GAAP, such as adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). Adjusted EBITDA is derived from methodologies other than in accordance with US GAAP. Great Elm believes that Adjusted EBITDA is an important measure for investors to use in evaluating Great Elm’s businesses. In addition, Great Elm’s management reviews Adjusted EBITDA as they evaluate acquisition opportunities.

Adjusted EBITDA has limitations as an analytical tool, and you should not consider it either in isolation from, or as a substitute for, analyzing Great Elm’s results as reported under US GAAP. Non-GAAP financial measures reported by Great Elm may not be comparable to similarly titled amounts reported by other companies.

Included in the financial tables below is a reconciliation of Adjusted EBITDA to the most directly comparable US GAAP financial measure, net income from continuing operations.

Endnotes

1 Includes approximately $0.1 million of net realized and unrealized gain attributable to the Company’s investment in Consolidated Funds for the quarter ended March 31, 2026.

2 Includes estimated future capital expenditures and tenant improvement commitments.

Media & Investor Contact:

Investor Relations

geginvestorrelations@greatelmcap.com

4

Great Elm Group, Inc.

Condensed Consolidated Balance Sheets

Dollar amounts in thousands (except per share data)

ASSETS		March 31, 2026				June 30, 2025
Current assets
Cash and cash equivalents		$	45,529			$	30,603
Receivables from managed funds			4,154				8,331
Investments, at fair value			31,408				60,614
Prepaid and other current assets			1,863				2,803
Real estate assets, net			7,182				9,085
Related party loan receivable			-				8,000
Assets of Consolidated Funds:
Cash and cash equivalents			1,483				3,907
Investments, at fair value			5,521				14,327
Other assets			81				227
Total current assets			97,221				137,897
Identifiable intangible assets, net			11,156				12,009
Goodwill			440				440
Right-of-use assets			1,332				1,603
Other assets			1,635				1,988
Total assets		$	111,784			$	153,937
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable		$	777			$	1,026
Accrued expenses and other current liabilities			5,975				7,707
Current portion of related party payables			191				258
Current portion of lease liabilities			346				355
Liabilities of Consolidated Funds:
Payable for securities purchased			-				96
Accrued expenses and other liabilities			86				172
Total current liabilities			7,375				9,614
Lease liabilities, net of current portion			1,007				1,260
Long-term debt (face value $26,945)			26,587				26,373
Convertible notes (face value $35,940 and $35,063, including $17,418 and $16,993 held by related parties, respectively)			35,551				34,602
Other liabilities			1,424				1,422
Total liabilities			71,944				73,271
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding			-				-
Common stock, $0.001 par value; 350,000,000 shares authorized and 31,424,975 shares issued and 29,917,837 outstanding at March 31, 2026; and 27,630,305 shares issued and 26,552,948 outstanding at June 30, 2025			28				25
Additional paid-in-capital			3,316,383				3,310,356
Accumulated deficit			(3,276,571	)			(3,240,063	)
Total Great Elm Group, Inc. stockholders' equity			39,840				70,318
Redeemable non-controlling interest in Consolidated Funds			-				10,348
Total stockholders' equity			39,840				80,666
Total liabilities and stockholders' equity		$	111,784			$	153,937

5

Great Elm Group, Inc.

Condensed Consolidated Statements of Operations

Dollar amounts in thousands (except per share data)

		For the three months ended March 31,								For the nine months ended March 31,
		2026				2025				2026				2025
Revenues		$	3,418			$	3,209			$	17,217			$	10,708
Cost of revenues			-				(11	)			6,764				1,082
Operating costs and expenses:
Compensation and benefits			5,307				4,001				15,463				10,989
Selling, general and administrative			1,591				1,394				5,734				4,207
Depreciation and amortization			313				361				967				918
Expenses of Consolidated Funds			177				19				218				40
Total operating costs and expenses			7,388				5,775				22,382				16,154
Operating loss			(3,970	)			(2,555	)			(11,929	)			(6,528	)
Dividends and interest income			1,166				1,481				3,726				4,606
Interest expense			(1,033	)			(1,039	)			(3,083	)			(3,097	)
Net realized and unrealized (loss) gain			(9,873	)			(2,439	)			(24,095	)			3,767
Net realized and unrealized gain (loss) on investments of Consolidated Funds			94				(338	)			(3,315	)			(89	)
Interest and other income of Consolidated Funds			183				389				828				1,168
Loss before income taxes			(13,433	)			(4,501	)			(37,868	)			(173	)
Income tax expense			(87	)			-				(104	)			-
Net loss		$	(13,520	)		$	(4,501	)		$	(37,972	)		$	(173	)
Less: net income (loss) attributable to non-controlling interest in Consolidated Funds			204				(4	)			(1,464	)			509
Net loss attributable to Great Elm Group, Inc. stockholders		$	(13,724	)		$	(4,497	)		$	(36,508	)		$	(682	)
Net loss attributable to stockholders per share
Basic		$	(0.45	)		$	(0.17	)		$	(1.20	)		$	(0.02	)
Diluted			(0.45	)			(0.17	)			(1.20	)			(0.02	)
Weighted average shares outstanding
Basic			30,763				26,915				30,451				28,000
Diluted			30,763				26,915				30,451				28,000

6

Great Elm Group, Inc.

Reconciliation from Net Loss to Adjusted EBITDA

Dollar amounts in thousands

		Three months ended March 31,								Nine months ended March 31,
(in thousands)		2026				2025				2026				2025
Net loss		$	(13,520	)		$	(4,501	)		$	(37,972	)		$	(173	)
Interest expense			1,033				1,039				3,083				3,097
Income tax expense			87				-				104				-
Depreciation and amortization			313				361				967				918
Non-cash compensation			750				796				2,759				2,668
Loss (gain) on investments			9,779				2,777				27,410				(3,678	)
Change in contingent consideration			-				-				-				(6	)
Adjusted EBITDA		$	(1,558	)		$	472			$	(3,649	)		$	2,826

7

FAQ

How did Great Elm Group (GEG) perform in fiscal Q3 2026?

Great Elm Group reported fiscal Q3 2026 revenue of $3.4 million, up 7% from the prior-year period. The company posted a wider net loss of $13.5 million, mainly due to unrealized losses on investments linked to GECC common stock and related SPVs.

What were Great Elm Group’s assets under management in Q3 2026?

Great Elm Group’s fee-paying assets under management were about $528 million, and total AUM reached $744 million as of March 31, 2026. Both fee-paying AUM and total AUM declined compared with the prior-year period, reflecting changes across its alternative credit and real estate strategies.

What was Great Elm Group’s Adjusted EBITDA for fiscal Q3 2026?

Great Elm Group reported fiscal Q3 2026 Adjusted EBITDA of $(1.6) million, compared with $0.5 million in the prior-year period. The decline reflects higher operating expenses and significant unrealized investment losses, offsetting the benefit of higher revenue from its asset management activities.

How much cash did Great Elm Group hold at March 31, 2026?

As of March 31, 2026, Great Elm Group held approximately $45.5 million of cash and cash equivalents. Management describes this balance as supporting growth initiatives across its alternative asset management platform, including credit, real estate, and other investment strategies.

What stock repurchase activity did Great Elm Group report for Q3 2026?

During fiscal Q3 2026, Great Elm Group repurchased about 1.4 million shares, over 4% of its outstanding common stock, at an average price of $2.04 per share. Since program inception, it has bought roughly 7.8 million shares for $15.6 million, with $24.4 million capacity remaining.

How did Great Elm Group’s CoreWeave-related investment perform?

Great Elm recorded an unrealized gain of $0.4 million on its CoreWeave-related investment in fiscal Q3 2026. Cumulative distributions reached about $6.8 million versus the original $5.0 million investment, and the remaining stake was estimated at roughly $7.5 million based on CoreWeave’s May 5, 2026 share price.

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EX-99.1 408.0 KB

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