Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Great Elm Capital Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Operating expenses
15.7
12.9
18.6
23
26.5
32.1
Interest expense
9.13
10.4
10.7
11.7
14.9
18.4
Net income
-32
-10.3
-15.6
25.3
3.55
-31.8
EPS, basic
-14.41
-2.52
-2.49
3.33
0.36
-2.57
EPS, diluted
-14.41
-2.52
-2.49
3.33
0.36
-2.57
Shares, basic (weighted)
2.22
4.07
6.25
7.6
9.84
12.4
Shares, diluted (weighted)
2.22
4.07
6.25
7.6
9.84
12.4
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
52.6
9.13
0.59
0.95
0
1.83
Total assets
426
310
247
342
341
Total liabilities
352
225
148
206
228
Paid-in capital
246
284
284
332
359
Retained earnings
9.74
13
11.4
14.9
Other comprehensive income
-171
-199
-185
-196
-246
Shareholders' equity
74.6
84.8
98.7
136
113
Total equity
74.6
84.8
98.7
136
113
Total liabilities and equity
426
310
247
342
341
Shares outstanding
3.84
4.48
7.6
7.6
11.5
14
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
-32
-10.3
-15.6
25.3
3.55
-31.8
Cash from operations
27.4
-58.5
-41.8
25.7
-82.7
-2.82
Debt issued
55.2
38.4
97.9
57.5
Stock issued
31.7
37.5
48.7
27.3
Dividends paid
-4.99
-9.93
-13
-10.6
-15.1
-19.2
Cash from financing
21.2
14.5
33.2
-25.3
81.7
4.65
Net change in cash
48.6
-44
-8.56
0.37
-0.95
1.83
Interest paid
8
9.23
9.36
10.1
13.4
15.6
Income taxes paid
0.23
0.03
0.16
0.2
0.3
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.28 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-34.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-13.7%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-994.7%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-813.9%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-17.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
10.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-0.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
3.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
25.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
25.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
41.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
$2.16
Cash from operations / diluted weighted shares.
Book value per share
$7.95
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.66x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.66x
Market cap / tangible book value, when positive.
P/OCF
2.44x
Market cap / cash from operations, when positive.
Earnings yield
-52.2%
Net income / market cap (the inverse of P/E).
Dividend yield
24.2%
Dividends paid over the period / market cap.
Shareholder yield
24.2%
(Dividends paid + share buybacks) / market cap.
Was Great Elm Capital Corp. profitable in fiscal 2025?
No. It reported a net loss of $31.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.