Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Great Elm Group, Inc. 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
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Revenue
59
60.9
68
8.66
17.8
16.3
27.8
Cost of revenue
5.53
1.08
13.2
Gross profit
12.3
15.2
14.5
Selling, general and administrative
6.47
5.89
5.98
8.48
7.65
6.45
7.43
Operating expenses
19.9
20.1
23.2
28.5
Operating income
-2.17
-3.74
-8.74
-11.2
-7.84
-8
-14
Interest expense
4.58
4.95
5.55
6.07
4.33
4.16
4.11
Interest income
2.12
2.96
3.16
6.21
8.06
6.06
4.78
Other non-operating income
-11.1
-3.11
-10.9
Pre-tax income
-13.3
-6.84
-19.2
14.7
-0.84
15.6
-37.3
Income tax
0.04
1.68
0.08
0.2
0.1
0.09
-0.38
Income from continuing operations
-20
16
-1.4
12.9
Net income to minority interests
-0.15
-0.6
-0.14
-0.05
0.46
2.66
-1.46
Net income
-13
-7.28
-14.9
27.7
-1.39
12.9
-35.4
EBITDA
8.61
4.93
-8.22
-10.1
-6.73
-6.75
-12.7
EPS, basic
-0.46
-0.28
-0.56
0.95
-0.05
0.47
-1.17
EPS, diluted
-0.46
-0.28
-0.56
0.73
-0.05
0.38
-1.17
Shares, basic (weighted)
28.1
25.7
26.8
28.9
30
27.6
30.3
Shares, diluted (weighted)
28.1
25.7
26.8
41
30
38.8
30.3
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
40.5
24.4
22.3
60.2
48.1
30.6
53.5
Receivables
7.99
6.52
5.87
Inventory
1.47
1.07
0.9
Other current assets
0.69
3.79
0.67
0.72
1.22
2.8
1.67
Total current assets
61.3
88.5
84.4
123
128
138
99.6
Property, plant and equipment
1.41
0.98
0.02
Lease right-of-use assets
5.39
5.24
0.73
0.5
0.23
1.6
1.24
Goodwill
50
50.5
52.5
0
0.44
0.44
Intangible assets
10.3
8.93
13.3
12.1
11
12
10.9
Other non-current assets
0.25
0.26
0.1
0.14
1.61
1.99
1.49
Total assets
195
162
168
136
140
154
114
Accounts payable
5.01
5.52
0.01
0.19
Accrued liabilities
1.57
2.43
4.22
4.62
3.91
Deferred revenue
5.65
4.44
1.22
Short-term debt
3.9
Total current liabilities
29.3
33
19.7
7.38
8.36
9.61
7.73
Lease liabilities
4.06
3.6
0.47
0.14
0.06
1.26
0.92
Other non-current liabilities
0.4
0.92
0.91
0.67
0.85
1.42
1.09
Total liabilities
127
106
126
72.1
70.3
73.3
72.9
Total debt
3.9
Paid-in capital
3,318
3,308
3,313
3,315
3,316
3,310
3,316
Retained earnings
-3,257
-3,264
-3,279
-3,252
-3,253
-3,240
-3,276
Shareholders' equity
60.8
43.2
33.5
63.8
62.7
70.3
40.8
Minority interests
3.89
9.55
6.53
7.48
10.3
0
Total equity
52.7
52.8
40
63.8
70.2
80.7
40.8
Total liabilities and equity
195
162
168
136
140
154
114
Shares outstanding
28.3
25.9
28.5
29.5
30.5
26.6
29.8
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
Net income
-13.1
-7.87
-15
27.7
-0.93
15.6
-36.9
Depreciation and amortization
10.8
8.67
0.52
1.15
1.11
1.25
1.3
Stock-based compensation
0.55
1.76
2.8
2.62
2.36
1.95
2.28
Deferred income tax
0.04
0.07
-0.09
0
0.22
-0.06
Change in receivables
0.84
2.1
0.65
Change in inventory
-0.13
0.62
0.3
Cash from operations
13.2
-19
29.3
-2.37
-15.6
-9.01
15.7
Capital expenditures
-0.74
-0.29
-0
-0.05
Acquisitions
-0.75
-1.35
0
-2.5
0
Purchases of investments
-4.68
-20.5
-3.11
-19.6
0
-3.11
Sales and maturities of investments
0
0.03
0
Cash from investing
-6.63
-15.5
-40
84
2.27
-1.34
12.6
Debt issued
26.9
Stock issued
0
11.9
Share buybacks
-2.1
-7.24
-6.8
Cash from financing
21.8
18.3
9.98
-47.6
2.84
-8.77
-5.37
Net change in cash
28.4
-16.1
3.54
37.9
-10.4
-19.1
22.9
Free cash flow
12.5
-19.3
29.3
-2.43
Interest paid
3.54
2.82
3.51
3.83
1.95
1.95
1.95
Income taxes paid
0.19
0.14
0.01
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $24.51 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
52.3%
Gross profit / revenue.
Operating margin
-50.4%
Operating income / revenue.
EBITDA margin
-45.8%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-134.2%
Pre-tax income / revenue.
Net margin
-127.6%
Net income / revenue.
Operating cash flow margin
56.4%
Cash from operations / revenue.
Return on equity (ROE)
-63.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-26.5%
Net income / average total assets.
Return on invested capital (ROIC)
-81.8%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
26.8%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
8.2%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
4.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
70.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
47.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-14.5%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-4.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-375.0%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-407.9%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-42.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-13.9%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-1.1%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-26.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-5.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-6.8%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
-22.0%
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
-9.6%
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
3.3%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
12.9x
Current assets / current liabilities.
Quick ratio
6.92x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
6.92x
(Cash + short-term investments) / current liabilities.
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.
EPS, basic
-$1.17
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.92
Revenue / diluted weighted shares.
Operating cash flow per share
$0.52
Cash from operations / diluted weighted shares.
Book value per share
$1.37
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
25.6x
Market cap / revenue.
P/B
17.4x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
24.1x
Market cap / tangible book value, when positive.
P/OCF
45.3x
Market cap / cash from operations, when positive.
EV/Sales
23.7x
Enterprise value / revenue.
Earnings yield
-5.0%
Net income / market cap (the inverse of P/E).
Shareholder yield
1.0%
(Dividends paid + share buybacks) / market cap.
What was Great Elm Group, Inc.'s revenue in fiscal 2026?
Great Elm Group, Inc. reported revenue of $27.8M for fiscal 2026, 70.2% higher than the year before.
Was Great Elm Group, Inc. profitable in fiscal 2026?
No. It reported a net loss of $35.4M.
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.