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Greenlane Holdings, Inc. 10-Q Filings

GNLN NASDAQ

Every 10-Q that Greenlane Holdings, Inc. (GNLN) has filed with the SEC in the last 24 months is listed below, 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 GNLN 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 GNLN filings page.

Rhea-AI Summary

Greenlane Holdings, Inc. reports sharply changed results for the six months ended June 30, 2026 after pivoting from its legacy wholesale model to a digital asset treasury strategy centered on BERA, the native token of the Berachain network. Net revenue from the remaining wholesale and distribution business fell to $109 thousand from $2.3 million a year earlier, while new staking and yield activities generated $729 thousand of revenue. Operating expenses rose to $9.4 million, driving a loss from operations of $8.9 million.

The company’s results were dominated by digital-asset mark-to-market movements. A $32.0 million fair value loss on BERA and related holdings plus a $1.8 million impairment on a private equity investment produced a total net loss attributable to Greenlane of $43.2 million for the first half of 2026, versus $7.1 million in the prior-year period. Cash and cash equivalents declined to $6.1 million from $32.5 million at year-end, while the company held $8.1 million of stablecoin-related protocol instruments and $16.4 million of digital assets, whose fair value was far below their $70.2 million cost basis. Total assets fell to $32.0 million and equity to $25.5 million. Management nonetheless concludes, based on current liquidity and planned cost controls, that there is no substantial doubt about the company’s ability to continue as a going concern for at least 12 months.

Rhea-AI Summary

Greenlane Holdings (GNLN) filed its Q3 2025 report, showing sharply lower sales and a larger loss alongside a cleaned-up balance sheet. Net sales were $0.737 million versus $4.038 million a year ago, driven by a $5.0 million increase to inventory reserves that produced a gross loss. Net loss was $8.933 million for the quarter.

Cash was $1.810 million at September 30, 2025, with $11.802 million used in operating cash flow year‑to‑date. Total debt fell to $0 (from $7.674 million at year‑end) after repaying the Exchange Note and Cobra obligations, while stockholders’ equity rose to $11.013 million from $6.282 million due to prior financings despite losses. The company completed a 1‑for‑750 reverse stock split in June 2025, and had 1,501,551 Class A shares outstanding as of November 12, 2025.

Management disclosed that recurring losses and cash usage raise substantial doubt about the company’s ability to continue as a going concern. Plans include further cost reductions, monetizing legacy inventory, new products, partnerships, and seeking additional financing.

Rhea-AI Summary

Greenlane Holdings, Inc. (GNLN) reported a fragmented quarterly filing showing continuing operating losses, balance sheet activity, and multiple financing and warrant transactions. The company had 1,386,551 shares of Class A common stock outstanding at June 30, 2025. Current assets and liabilities shown in the filing include line-items of $28,117 and $11,831 (interpreted from the extract), with property and equipment, net of $1,181 and operating lease ROU assets of $587. The company recorded losses (loss before income taxes of $(3,215) for a period shown and other period losses of $(7,082) in another comparative period) and an accumulated deficit of $(282,011).

During the period the company completed private placements and debt restructurings: a $6.5 million private placement with units and warrants, repayment of a $4.0 million note in February 2025, exchanges of debt for new subordinated notes and warrants, and issuance/exchange of thousands of warrants (Series A and B and Exchange Warrants). The filing discloses a False Claims Act civil investigative demand related to a prior PPP loan and an unresolved disputed asset sale. Cash used in operations was $7.9 million for six months ended June 30, 2025 versus $0.4 million in 2024.