Quarterly ResultMay 15, 2026, 04:43 PM
Greenlane Holdings Q1 Net Loss $(18.2)M; Revenue Down 69%
AI Summary
Greenlane Holdings, Inc. reported a net loss of $(18.2) million for the first quarter of 2026, a significant increase from $(3.9) million in the prior year, primarily due to a $(12.9) million change in the fair value of digital assets. Net revenue declined by 69% to $0.45 million. The company has strategically transitioned its primary focus to a digital asset treasury strategy centered on BERA, while its legacy wholesale and distribution business operates on a reduced scale.
Key Highlights
- Net loss for Q1 2026 was $(18.2) million, up from $(3.9) million in Q1 2025.
- Net revenue for Q1 2026 decreased 69% to $0.45 million from $1.47 million.
- Loss from operations widened to $(5.6) million in Q1 2026 from $(3.5) million.
- A $(12.9) million loss was recorded from the change in fair value of digital assets.
- Cash and cash equivalents declined to $13.3 million from $32.5 million since Dec 2025.
- Digital assets (BERA & equivalents) stood at $34.2 million as of March 31, 2026.
- Company transitioned to a digital asset treasury strategy in October 2025.
- Two reverse stock splits were effected in June 2025 and April 2026.
Price Impact
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