| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 10.79 | 170.4% |
| Total Income | 10.79 | 170.4% |
| Expenditure | 14.51 | 142.2% |
| PBT | -7.83 | 363.6% |
| Net Profit | -7.03 | 366.3% |
| OPM | -34.54% | 15.46pp |
| NPM | -65.17% | 131.27pp |
| EPS | -0.24 | 366.7% |
Great Elm Group Reports Q1 FY26 Results; Revenue at $10.8 Million
04 May 2026 · 4 May, 7:24 am
Summary
Great Elm Group reported financial results for its fiscal first quarter ended September 30, 2025. Total revenue for the first quarter was $10.8 million, compared to $4.0 million for the prior-year period, primarily driven by revenue from the sale of a Monomoy build-to-suit development property. Net loss was $(7.9) million for the quarter, compared to net income of $3.0 million in the prior-year period, primarily driven by unrealized losses related to the Company’s investment in GECC stock and a CoreWeave-related investment. Pro forma fee-paying assets under management and assets under management grew 10% and 7% year-over-year, respectively.
Key Highlights
- 1
Great Elm Group's fee-paying assets under management totaled approximately $594 million.
- 2
Assets under management totaled approximately $785 million for Great Elm Group.
- 3
Pro forma fee-paying assets under management and assets under management grew 10% and 7% year-over-year, respectively.
- 4
Total revenue for the first quarter was $10.8 million, compared to $4.0 million for the prior-year period.
- 5
The increase in revenue was primarily driven by $7.4 million in revenue recognized from the sale of the second Monomoy BTS, Corp. build-to-suit development property.
- 6
Net loss was $(7.9) million for the first quarter, compared to net income of $3.0 million in the prior-year period.
- 7
Great Elm recognized a realized gain of $1.6 million from its CoreWeave-related investment for the quarter ended September 30, 2025.
Management Comments
Jason Reese
We are pleased with the continued momentum of our expanding alternative asset management platform, having raised nearly $250 million in the quarter for GEG and the funds under its management, including our KLIM partnership and Woodstead strategic investment, and achieving significant year-over-year growth in AUM and fee-paying AUM. Great Elm Real Estate Ventures, our comprehensive, vertically integrated platform underpinning our competitive differentiation in industrial outdoor storage (“IOS”), continues to scale, supported by growing construction management revenue and the successful sale of our second Monomoy build-to-suit property in September. With our strong balance sheet and cash position, we continue to make opportunistic investments sourced through our sophisticated network and repurchase our shares through our recently increased stock buyback plan. GECC, our BDC, remains on strong footing, despite a challenging end to the quarter. Recent record cash income generation combined with meaningful capital raises at NAV place us in a strategic position to capitalize upon attractive investment opportunities. Looking ahead, we remain committed to scaling our key verticals and leveraging our balance sheet as we seek to continue growing our assets under management and fee revenue, and deliver sustained, long-term value for our shareholders.
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