Greenlane Holdings, Inc.
Business
Greenlane Holdings, Inc. is a digital asset treasury company that shifted strategic focus in October 2025 from wholesale distribution to acquiring and managing holdings of BERA, the native token of the Berachain layer-1 blockchain protocol. The company holds BERA as its principal asset, participates in network staking and validator activities, and engages in liquidity provisioning on Berachain ecosystem protocols. Greenlane operates a reduced-scale legacy wholesale business through an asset-light drop-ship model.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenue | 4 | 13 | 65 | 137 | 166 | |
| Cost of sales | 17 | 7 | 48 | 112 | 132 | |
| Gross (loss) profit | −12 | 6 | 18 | 25 | 34 | |
| Salaries, benefits and payroll taxes | 10 | 7 | 17 | 31 | 34 | |
| Stock based compensation strategic advisory warrants | 19 | — | — | — | — | |
| General and administrative | 11 | 10 | 24 | 41 | 48 | |
| Restructuring expenses | 1 | — | — | — | — | |
| Impairment of property, plant and equipment | 650,000 | 153,000 | — | — | — | |
| Depreciation and amortization | 493,000 | 800,000 | 2 | 7 | 5 | |
| Total operating expenses | 42 | 18 | 44 | 209 | 87 | |
| Loss from operations | −54 | −12 | −26 | −184 | −53 | |
| Interest expense | −394,000 | −6 | −5 | −2 | — | |
| Change in fair value of contingent consideration | — | 1 | — | — | — | |
| Change in fair value of digital assets | −31 | — | — | — | — | |
| Loss on extinguishment of debt | — | −876,000 | — | — | — | |
| Other expense, net | 213,000 | −25,000 | −791,000 | −541,000 | −117,000 | |
| Total other expense, net | −31 | −6 | −6 | 2 | −691,000 | |
| Loss before income taxes | −86 | −18 | −32 | −182 | −53 | |
| Provision for income taxes | 7,000 | — | — | −13,000 | 10,000 | |
| Net loss | −86 | −18 | −32 | −182 | −53 | |
| Less: Net loss attributable to non-controlling interest | — | −17,000 | −150,000 | −13 | −23 | |
| Net loss attributable to Greenlane Holdings, Inc. | −86 | −18 | −32 | −170 | −31 | |
| Net loss attributable to Class A common stock per share - basic | −11.42 | −14.56 | −8.16 | −22.51 | −15.85 | |
| Net loss attributable to Class A common stock per share - diluted | −11.42 | −14.56 | −8.16 | −22.51 | −15.85 | |
| Weighted-average shares of Class A common stock outstanding - basic | 7 | 1 | 363,000 | 753,000 | 2 | |
| Weighted-average shares of Class A common stock outstanding - dilued | 7 | 1 | 363,000 | 753,000 | 2 | |
| Foreign currency translation adjustments | — | 20,000 | 190,000 | −211,000 | 115,000 | |
| Comprehensive loss | −86 | −18 | −32 | −182 | −53 | |
| Less: comprehensive loss attributable to non-controlling interest | — | −17,000 | −150,000 | −13 | −23 | |
| Comprehensive loss attributable to Greenlane Holdings, Inc. | −86 | −18 | −32 | −170 | −30 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 33 | 899,000 | 463,000 | 6 | 13 | |
| Accounts receivable, net of allowance of $1,511 and $2,616 at December 31, 2025 and 2024, respectively | 2 | 4 | 2 | 6 | 15 | |
| Inventories, net | — | 14 | 21 | 41 | 67 | |
| Vendor deposits | — | 3 | 4 | 6 | 18 | |
| Other current assets (Note 8) | 2 | 1 | 3 | 11 | — | |
| Total current assets | 36 | 24 | 30 | 77 | 125 | |
| Property and equipment, net | 253,000 | 1 | 2 | 4 | — | |
| Operating lease right-of-use assets | 144,000 | 1 | 2 | 3 | 9 | |
| Digital assets | 37 | — | — | — | — | |
| Other assets | 2 | 2 | 4 | 6 | — | |
| Total assets | 75 | 29 | 38 | 90 | 286 | |
| Accounts payable | 5 | 10 | 12 | 15 | 23 | |
| Accrued expenses and other current liabilities (Note 8) | 2 | 1 | 3 | 12 | 25 | |
| Customer deposits | — | 3 | 3 | 4 | — | |
| Notes payable | — | 8 | 7 | 3 | 12 | |
| Current portion of operating leases | 166,000 | 926,000 | 866,000 | 2 | 3 | |
| Total current liabilities | 7 | 22 | 26 | 36 | 71 | |
| Operating leases, less current portion | — | 83,000 | 1 | 2 | 6 | |
| Total liabilities | 7 | 22 | 27 | 51 | 89 | |
| Commitments and contingencies (Note 7) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding | — | — | — | — | 0 | |
| Additional paid-in capital | 428 | 281 | 268 | 264 | 230 | |
| Accumulated deficit | −361 | −275 | −257 | −225 | −56 | |
| Accumulated other comprehensive income | 265,000 | 265,000 | 245,000 | 55,000 | 324,000 | |
| Total stockholders equity attributable to Greenlane Holdings, Inc. | 68 | 6 | 11 | 39 | 175 | |
| Non-controlling interest | −149,000 | −149,000 | −132,000 | 18,000 | 22 | |
| Total stockholders equity | 68 | 6 | 11 | 39 | 196 | |
| Total liabilities and stockholders equity | 75 | 29 | 38 | 90 | 286 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 493,000 | 800,000 | 2 | — | — | |
| Stock-based compensation expense | 5 | 86,000 | — | — | — | |
| Change in provision for credit losses | 2 | 245,000 | 188,000 | 3 | 236,000 | |
| Loss on disposal of fixed assets | 121,000 | 215,000 | 118,000 | 1 | 109,000 | |
| Write-off of vendor deposits, accrued liabilities and customer deposits | −571,000 | — | — | — | — | |
| Impairment of inventory | 6 | — | — | — | — | |
| Amortization of deferred financing costs and debt discount | 284,000 | 5 | 3 | 644,000 | 23,000 | |
| Other | 57,000 | 171,000 | — | — | — | |
| (Increase) decrease in accounts receivable | 716,000 | −3 | 5 | 5 | −1 | |
| Decrease in inventories | 10 | 6 | 20 | 26 | 6 | |
| Decrease in vendor deposits | — | 674,000 | — | — | — | |
| Decrease in other assets | −193,000 | 4 | 8 | −3 | 9 | |
| Decrease in accounts payable | −5 | −2 | −3 | −6 | −1 | |
| Decrease in accrued expenses and other liabilities | 409,000 | −841,000 | — | — | — | |
| Decrease in customer deposits | — | −114,000 | — | — | — | |
| Net cash and cash equivalents used in operating activities | −16 | −7 | −2 | −26 | −37 | |
| Purchase of property and equipment, net | −98,000 | −244,000 | −1 | −3 | −4 | |
| Purchase of Digital Assets - BERA | −8 | — | — | — | — | |
| Net cash and cash equivalents used in investing activities | −8 | −244,000 | 30,000 | 12 | −20 | |
| Proceeds from issuance of Class A common stock, net of issuance costs | 21 | 6 | 4 | 21 | 33 | |
| Proceeds from exercise of stock options and warrants, net of costs | 43 | 2 | — | — | — | |
| Repayment of loan against future accounts receivable | — | −939,000 | −2 | — | −908,000 | |
| Proceeds from future receivables financing | — | 225,000 | 4 | — | — | |
| Repayments of notes payable | −8 | −2 | — | −3 | 0 | |
| Proceeds from notes payable | — | 3 | — | — | — | |
| Other | — | −1,000 | −21,000 | −128,000 | −360,000 | |
| Net cash and cash equivalents provided by financing activities | 56 | 7 | −10 | 14 | 39 | |
| Effects of exchange rate changes on cash and cash equivalents | — | 3,000 | 190,000 | −210,000 | 480,000 | |
| Net increase in cash and cash equivalents | 32 | 436,000 | −12 | −681,000 | −18 | |
| Cash paid during the period for interest | 107,000 | 916,000 | 4 | 2 | 574,000 | |
| Cash paid during the period for income taxes | — | — | — | 76,000 | 39,000 | |
| Fair value of common stock warrants issued as a debt discount | — | 2 | — | — | — | |
| Extinguishment of debt in connection with Synergy Asset purchase agreement | — | 3 | — | — | — | |
| Digital assets exchanged for Class A common stock and warrants | 60 | — | — | — | — | |
| Issuance of Class A Warrants | — | 4 | — | 3 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Greenlane Holdings, Inc.'s CIK number?
Greenlane Holdings, Inc.'s SEC CIK number is 0001743745 (1743745). 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 Greenlane Holdings, Inc.'s SEC filings?
All of Greenlane Holdings, 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 Greenlane Holdings, Inc. last report earnings?
Greenlane Holdings, Inc. (GNLN) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023792). This is Greenlane Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Greenlane Holdings, Inc.'s most recent earnings 8-K?
Greenlane Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001493152-26-023792. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Greenlane Holdings, Inc.'s latest earnings 8-K →
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