G
Great Elm Group, Inc.
GEGCIK 0001831096NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Jun 30
Period
FY 2025
Revenue
$16.32M
Net Income
$12.89M
Total Assets
$153.94M
Equity
$70.32M
Shares Out
31.36M
Op. Cash Flow
$-9.01M
Business
Great Elm Group is an alternative asset manager operating wholly-owned investment management subsidiaries that provide services to a business development company and an industrial outdoor storage REIT. The company earns management fees, property management fees, and incentive fees based on assets under management and investment performance. Great Elm also operates a real-estate development business that acquires land, arranges build-to-suit development, and leases completed properties.
Summary from 10-K filed 2025-09-02
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 16 | 18 | 9 | 5 | — | |
| Cost of revenues | 1 | 6 | — | — | — | |
| Investment management expenses | 15 | 11 | 10 | 7 | — | |
| Depreciation and amortization | 1 | 1 | 1 | 524,000 | 2 | |
| Selling, general and administrative | 7 | 8 | 8 | 6 | 6 | |
| Expenses of Consolidated Funds | 59,000 | 53,000 | 46,000 | 135,000 | 75,000 | |
| Total operating costs and expenses | 23 | 20 | 20 | — | — | |
| Operating loss | −8 | −8 | −11 | −9 | −4 | |
| Dividends and interest income | 6 | 8 | 6 | 3 | 3 | |
| Net realized and unrealized gain | 17 | 2 | 15 | — | — | |
| Net realized and unrealized gain on investments of Consolidated Funds | 3 | 233,000 | −16,000 | — | — | |
| Interest and other income of Consolidated Funds | 2 | 829,000 | — | — | — | |
| Interest expense | −4 | −4 | −6 | −6 | −5 | |
| (Loss) income before income taxes from continuing operations | 16 | −800,000 | 15 | −19 | −7 | |
| Income tax benefit (expense) | −100,000 | −100,000 | −200,000 | −83,000 | −2 | |
| Net (loss) income from continuing operations | 16 | −942,000 | 14 | −19 | −9 | |
| Net income from discontinued operations | 0 | 16,000 | 13 | 4 | 649,000 | |
| Net (loss) income | 16 | −926,000 | 28 | −15 | −8 | |
| Less: net income attributable to non-controlling interest, continuing operations | 3 | 462,000 | −2 | 684,000 | −648,000 | |
| Net (loss) income attributable to Great Elm Group, Inc. | 13 | −1 | 28 | −15 | −7 | |
| Basic (per share) | 0.47 | −0.05 | 0.95 | −0.56 | −0.28 | |
| Diluted (per share) | 0.38 | −0.05 | 0.73 | −0.56 | −0.28 | |
| Basic (shares) | 28 | 30 | 29 | 27 | 26 | |
| Diluted (shares) | 39 | 30 | 41 | 27 | 26 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-12-31 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 31 | 48 | 60 | — | 22 | |
| Restricted cash | 0 | 2 | — | — | — | |
| Investments in marketable securities | 0 | 10 | 25 | — | — | |
| Investments, at fair value | 61 | 45 | 33 | — | 48 | |
| Prepaid and other current assets | 3 | 1 | 717,000 | — | 665,000 | |
| Real estate assets, net | 9 | 6 | — | — | — | |
| Assets of Consolidated Funds - Cash and cash equivalents | 4 | 2 | — | — | — | |
| Assets of Consolidated Funds - Investments, at fair value | 14 | 11 | — | — | 2 | |
| Assets of Consolidated Funds - Other assets | 227,000 | 253,000 | — | — | — | |
| Total current assets | 138 | 128 | 123 | — | 84 | |
| Identifiable intangible assets, net | 12 | 11 | 12 | — | 13 | |
| Goodwill | 440,000 | 0 | — | — | 52 | |
| Right-of-use asset | 2 | 225,000 | 497,000 | — | 733,000 | |
| Other assets | 2 | 2 | 143,000 | — | 103,000 | |
| Total assets | 154 | 140 | 136 | — | 168 | |
| Accrued expenses and other current liabilities | 8 | 7 | 5 | — | 4 | |
| Current portion of lease liabilities | 355,000 | 137,000 | 359,000 | — | 341,000 | |
| Liabilities of Consolidated Funds - Payable for securities purchased | 96,000 | 100,000 | — | — | — | |
| Liabilities of Consolidated Fund - accrued expenses and other | 172,000 | 162,000 | — | — | 11,000 | |
| Total current liabilities | 10 | 8 | 7 | — | 20 | |
| Lease liabilities, net of current portion | 1 | 57,000 | 142,000 | — | 472,000 | |
| Long-term debt (face value $26,945) | 26 | 26 | 26 | — | 26 | |
| Convertible notes (face value $35,063 and $35,494, including $16,993 and $16,174 held by related parties, respectively) | 35 | 35 | 37 | — | 35 | |
| Other liabilities | 1 | 845,000 | 669,000 | — | 908,000 | |
| Total liabilities | 73 | 70 | 72 | — | 126 | |
| Commitments and Contingencies (Note 17) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding | — | — | — | — | — | |
| Common stock, $0.001 par value; 350,000,000 shares authorized and 27,630,305 shares issued and 26,552,948 outstanding at June 30, 2025; and 31,875,285 shares issued and 30,494,448 outstanding at June 30, 2024 | 25,000 | 30,000 | 30,000 | — | 29,000 | |
| Additional paid-in-capital | 3,310 | 3,316 | 3,315 | — | 3,313 | |
| Accumulated deficit | −3,240 | −3,253 | −3,252 | — | −3,279 | |
| Total Great Elm Group, Inc. stockholders' equity | 70 | 63 | 64 | — | 33 | |
| Non-controlling interests | 10 | 7 | — | 3 | 7 | |
| Total stockholders' equity | 81 | 70 | 64 | — | 40 | |
| Total liabilities and stockholders' equity | 154 | 140 | 136 | — | 168 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net proceeds from sale of real estate | 0 | 6 | — | — | — | |
| Gain on sale of real estate | −109,000 | −1 | — | — | — | |
| Depreciation and amortization | 1 | 1 | 1 | 524,000 | 9 | |
| Stock-based compensation | 2 | 2 | 3 | 3 | 2 | |
| Unrealized gain on investments | −16 | −39,000 | −11 | −623,000 | −292,000 | |
| Realized loss on investments | −396,000 | 79,000 | −4 | 8 | 137,000 | |
| Realized gain on Convertible Notes | −467,000 | −2 | — | — | — | |
| Non-cash interest and amortization of capitalized issuance costs | 2 | 2 | 2 | 2 | 2 | |
| Deferred tax expense | 216,000 | 0 | — | — | — | |
| Change in fair value of contingent consideration | −6,000 | −498,000 | 783,000 | −121,000 | −126,000 | |
| Other non-cash (income) expense, net | 1 | −246,000 | 470,000 | 2 | 2 | |
| Purchase of investments by Consolidated Funds | −5 | −12 | — | −19 | −31 | |
| Proceeds from principal payments of Consolidated Funds | 5 | 879,000 | 2 | — | — | |
| Amortization of premium and accretion of discount, net | −93,000 | −32,000 | — | — | — | |
| Net realized and unrealized gain on investments | −3 | −178,000 | 16,000 | — | — | |
| Receivables from managed funds | −6 | 1 | −1 | −876,000 | −606,000 | |
| Prepaid and other assets | −2 | −2 | 266,000 | 179,000 | −3 | |
| Real estate under development | −3 | −8 | −2 | — | — | |
| Lease Liabilities | 43,000 | −35,000 | −77,000 | −22,000 | −2 | |
| Related party payables | −370,000 | −1 | — | 486,000 | — | |
| Accounts payable, accrued expenses and other liabilities | 1 | 2 | 1 | 305,000 | 4 | |
| Cash and cash equivalents | −2 | −2 | — | — | — | |
| Other assets | 26,000 | −253,000 | 746,000 | — | — | |
| Accrued expenses and other liabilities | −5,000 | 162,000 | 77,000 | — | — | |
| Net cash provided by (used in) operating activities - continuing operations | −9 | −16 | −3 | 17 | −21 | |
| Net cash provided by (used in) operating activities | −9 | −16 | −2 | 29 | −19 | |
| Purchases of investments in held-to-maturity securities | −7 | −49 | — | — | — | |
| Proceeds from settlement of held-to-maturity investments | 18 | 65 | — | — | — | |
| Purchases of investments | 0 | −20 | −3 | — | — | |
| Proceeds from settlement of trading securities | 29,000 | 0 | — | — | — | |
| Investments in portfolio funds | −4 | 0 | — | — | — | |
| Acquisition of business | −3 | 0 | — | −1 | −748,000 | |
| Related party loan receivable | −8 | 0 | — | — | — | |
| Redemption of investments | 4 | 0 | — | — | — | |
| Sales of investments | 0 | 7 | 27 | 5 | 35,000 | |
| Other | −376,000 | −18,000 | −53,000 | — | — | |
| Net cash provided by (used in) investing activities - continuing operations | −1 | 3 | 17 | −33 | −20 | |
| Net cash provided by (used in) investing activities - discontinued operations | 0 | −947,000 | 67 | −7 | 4 | |
| Net cash provided by (used in) investing activities | −1 | 2 | 84 | −40 | −15 | |
| Net contributions to (distributions from) non-controlling interests in Consolidated Funds | 223,000 | 7 | — | 27,000 | 5 | |
| Redemption of Convertible Notes | −2 | −2 | — | — | — | |
| Stock repurchases | −7 | −2 | — | — | — | |
| Net cash provided by (used in) financing activities - continuing operations | −9 | 3 | −42 | 10 | 21 | |
| Net cash provided by (used in) financing activities | −9 | 3 | −48 | 10 | 18 | |
| Net increase (decrease) in cash and cash equivalents, including cash and cash equivalents classified within current assets held for sale | −19 | −10 | 34 | −787,000 | — | |
| Net change in cash, cash equivalents and restricted cash | −19 | −10 | 38 | 4 | −16 | |
| Cash paid for interest | 2 | 2 | 4 | 4 | 3 | |
| Cash paid for taxes | 139,000 | 192,000 | — | — | — | |
| Non-cash contribution to Consolidated Funds | 0 | 389,000 | — | — | — | |
| Lease liabilities and right of use assets arising from operating leases | 2 | 0 | 167,000 | 543,000 | 1 |
Filings
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Frequently asked questions
What is Great Elm Group, Inc.'s CIK number?
Great Elm Group, Inc.'s SEC CIK number is 0001831096 (1831096). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Great Elm Group, Inc.'s SEC filings?
All of Great Elm Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Great Elm Group, Inc. last report earnings?
Great Elm Group, Inc. (GEG) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-208889). This is Great Elm Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Great Elm Group, Inc.'s most recent earnings 8-K?
Great Elm Group, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001193125-26-208889. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Great Elm Group, Inc.'s latest earnings 8-K →
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