GEG
Great Elm Group, Inc.2.5000
-0.0900-3.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
83.37MP/E (TTM)
41.67Basic EPS (TTM)
0.06Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Great Elm Group's Q2 FY2026 revenues dipped 14% y/y to $3.0M while YTD revenues surged 84% y/y to $13.8M on a $7.4M real estate property sale, yet operating loss widened to $4.2M from $2.0M y/y amid higher compensation. Net loss hit $15.8M or $(0.50) diluted EPS versus $1.2M profit last year, driven by $11.4M net realized/unrealized losses on investments versus prior gains. Cash climbed to $51.2M with $1.9M operating cash flow; debt steady at $62.5M ($26.9M 7.25% notes due 2027, $35.9M 5% convertibles due 2030) under 2:1 covenant (0.2:1 actual). Greenfield assets closed Feb 2025 for $2.5M cash, recognizing $440K goodwill and $2.1M finite-lived intangibles (15 years). Stock repurchases totaled 1.1M shares. Competition from larger asset managers looms.
8-K
Q2 loss on unrealized hits
Great Elm Group posted a Q2 fiscal 2026 net loss of $16.5 million, driven by $14.4 million unrealized losses on investments amid volatility, yet fee-paying AUM rose 4% year-over-year to $561 million. Management re-underwrote GECC's portfolio for diversification while repurchasing 1.1 million shares—over 3% outstanding—at $2.47 average. Monomoy BTS wrapped its third Florida build-to-suit. CoreWeave distributions topped original investment.
8-K
Recast FY2025 segments
Great Elm Group recast its FY2025 10-K segment disclosures on January 7, 2026, to reflect Q1 FY2026 realignment into Alternative Credit and Real Estate segments tied to Great Elm Real Estate Ventures formation. Alternative Credit posted $2.4M income; Real Estate swung to $(3.8M) loss without prior-year property sale. Recast aids CODM resource allocation. Segment shift sharpens strategy.
8-K
2025 LTI Plan approved
Great Elm Group stockholders approved the 2025 Long-Term Incentive Compensation Plan on December 5, 2025, at the annual meeting, reserving 5M shares for equity awards to employees, directors, and consultants. All seven director nominees won election with strong support; say-on-pay passed advisory approval. Plan aligns interests for long-term growth.
10-Q
Q1 FY2026 results
Great Elm Group surged revenue to $10.8M in Q1 FY2026 ended September 30, 2025, up 170% y/y from $4.0M, fueled by $7.4M real estate property sale in its Real Estate segment while Alternative Credit dipped on absent incentive fees. Operating loss widened to $3.7M from $2.0M as costs climbed with Greenfield Acquisition personnel; net loss hit $7.9M versus $3.0M profit, driven by $2.9M unrealized losses exceeding operating shortfall by over 20%. Cash swelled to $53.5M (up q/q from $30.6M) via $3.8M operating cash and $9.7M equity raises from KLIM and Woodstead deals, against $62M total debt (GEGGL Notes due 2027 at 7.25%, Convertible Notes due 2030 at 5%). Equity transactions bolstered liquidity. Competition from larger asset managers looms.
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