Great Elm Group, Inc.

Great Elm Group, Inc. announced that Eric Scheyer has notified the Board of Directors of his decision not to stand for re-election at the Company's 2026 annual meeting of stockholders. Scheyer will continue to serve as a director until the meeting. The company expressed gratitude for his contributions, and stated that his decision was not based on any disagreements regarding operations, policies, or practices.

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.

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.

Great Elm Group, Inc. announced its plans to release financial results for the fiscal quarter ended March 31, 2026, after market close on Wednesday, May 6, 2026. The company will host a conference call and webcast on Thursday, May 7, 2026, at 8:30 a.m. Eastern Time to discuss these fiscal 2026 third quarter financial results.