| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 3.42 | 13.6% | 6.5% |
| Total Income | 3.42 | 13.6% | 6.5% |
| Expenditure | 7.39 | 2.1% | 28.3% |
| PBT | -13.43 | 19.1% | 198.4% |
| Net Profit | -13.72 | 12.9% | 204.9% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.45 | 10.0% | 164.7% |
Great Elm Group Reports Q3 FY26 Results; Revenue Increased 7% Y-o-Y
07 May 2026 · 7 May, 1:33 am
Summary
Great Elm Group reported its fiscal third quarter 2026 financial results, with total revenue increasing by 7% to $3.4 million. The company experienced a net loss of $(13.5) million, primarily driven by unrealized losses associated with investments in GECC common stock. Adjusted EBITDA was $(1.6) million for the quarter. The company's fee-paying assets under management totaled approximately $528 million. The Board approved a $15 million increase to the stock repurchase program.
Key Highlights
- 1
Great Elm Group's fee-paying assets under management totaled approximately $528 million as of March 31, 2026.
- 2
Total revenue for the third quarter increased by 7% to $3.4 million, compared to $3.2 million in the prior-year period.
- 3
The company's net loss was $(13.5) million for the third quarter, compared to a net loss of $(4.5) million in the prior-year period.
- 4
Adjusted EBITDA for the third quarter was $(1.6) million, compared to $0.5 million in the prior-year period.
- 5
As of March 31, 2026, Great Elm Group had approximately $45.5 million of cash and cash equivalents on its balance sheet.
- 6
Great Elm Group repurchased approximately 1.4 million shares in the third quarter, representing over 4% of shares outstanding.
- 7
The Board approved a $15 million increase to the stock repurchase program, bringing the total authorization to $40 million.
Management Comments
Jason Reese
We navigated a challenging fiscal third quarter against a backdrop of continued volatility and market negativity towards private credit. Results were primarily impacted by unrealized losses tied to movements in GECC’s share price. Nevertheless, we remain focused on prudent capital deployment and building momentum across our alternative asset management platform. At GECC, we took decisive actions to strengthen the balance sheet and enhance portfolio quality. Our focus remains on rigorous credit underwriting, increasing portfolio diversification, and adding cash-generative, secured credit investments. GECC maintains ample liquidity and is positioned for an improved trajectory and long-term performance. Within our real estate platform, Monomoy continues to drive growth and value creation. The business delivered strong operational execution during the quarter, supported by robust acquisition activity, an expanding development pipeline, and continued progress on strategic capital initiatives. Monomoy REIT closed five acquisitions during the quarter, surpassing total acquisition activity for all of calendar 2025, and continues to action a strong pipeline of attractive opportunities. We are actively exploring additional capital raising opportunities to grow the business. We also continue to source unique investments through our proprietary network. Our CoreWeave-related investment continues to perform well, with cumulative distributions exceeding our initial investment and meaningful upside potential remaining at current trading levels. Finally, we repurchased a significant amount of our common stock for the tenth consecutive quarter, underscoring our conviction in the business and our commitment to building shareholder value. Under our recently expanded stock repurchase program, approximately $25 million of capacity remains available. Looking ahead, we are focused on selectively deploying capital into compelling opportunities, growing assets under management and fee-related earnings, and delivering sustained long-term value for our shareholders.”
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