Quarterly ResultMay 6, 2026, 04:03 PM
Great Elm Group Q3 Net Loss $(13.5)M; $9.8M Unrealized Loss; Buyback Up to $40M
AI Summary
Great Elm Group reported its fiscal third quarter 2026 financial results, with a net loss of $(13.5) million, primarily driven by a $9.8 million unrealized loss on investments tied to GECC share price volatility. Despite this, total revenue increased 7% to $3.4 million, and the company maintained a strong balance sheet with over $45 million in cash. The Board also approved a $15 million increase to its stock repurchase program, bringing the total authorization to $40 million, and the company repurchased 1.4 million shares during the quarter.
Key Highlights
- Net loss was $(13.5) million for Q3 2026, compared to $(4.5) million in the prior-year period.
- Unrealized loss of $9.8 million on GEG’s investments, primarily due to GECC share price volatility.
- Total revenue increased 7% to $3.4 million from the prior-year period.
- Board approved a $15 million increase to the stock repurchase program, bringing total authorization to $40 million.
- Repurchased approximately 1.4 million shares (over 4% of shares outstanding) at an average price of $2.04.
- Fee-Paying AUM and AUM totaled $528 million and $744 million, respectively, as of March 31, 2026.
- Monomoy REIT closed five acquisitions, deploying and committing approximately $28 million.
- Great Elm Group had $45.5 million of cash and cash equivalents on its balance sheet.