Quarterly ResultMay 6, 2026, 04:08 PM
Great Elm Group Q3 Net Loss $(13.7M); 9-Month Loss $(36.5M)
AI Summary
Great Elm Group reported a net loss attributable to stockholders of $(13.7) million for the three months ended March 31, 2026, significantly wider than the $(4.5) million loss in the prior year. For the nine-month period, the net loss widened to $(36.5) million from $(0.7) million. Total assets decreased to $111.8 million from $153.9 million, and total stockholders' equity declined to $39.8 million from $80.7 million since June 30, 2025. The company also waived incentive fees for GECC through June 30, 2026, and realigned its segments to Alternative Credit and Real Estate.
Key Highlights
- Net loss attributable to stockholders for Q3 was $(13.7) million, compared to $(4.5) million in Q3 2025.
- Nine-month net loss attributable to stockholders was $(36.5) million, compared to $(0.7) million in 2025.
- Total revenues for Q3 increased to $3.4 million from $3.2 million in Q3 2025.
- Total assets decreased to $111.8 million as of March 31, 2026, from $153.9 million at June 30, 2025.
- Total stockholders' equity declined to $39.8 million from $80.7 million since June 30, 2025.
- GECM waived all accrued and unpaid incentive fees for GECC through June 30, 2026.
- Nine-month cash flows from operating activities were $7.8 million, up from $(11.2) million in 2025.
- Company repurchased $6.2 million of stock and redeemed $4.1 million of non-controlling interests.
Price Impact
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