GNLN · Greenlane Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $448.0K | - | $737.0K | $2.65M | $4.93M | - | $4.04M | $2.65M | $4.93M | - |
| Cost of Revenue | $231.0K | - | $5.84M | $786.0K | $748.0K | - | $1.01M | $1.64M | $3.41M | - |
| Gross Profit | $217.0K | - | ($5.10M) | $2.0K | $721.0K | - | $3.03M | $1.01M | $1.51M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.99M | - | $1.96M | $1.94M | $2.82M | - | $1.77M | $2.80M | $2.29M | - |
| Total Operating Expenses | $5.79M | - | $4.00M | $3.26M | $4.20M | - | $3.56M | $4.51M | $5.49M | - |
| D&A | $105.0K | - | $87.0K | $201.0K | $254.0K | - | $185.0K | $196.0K | $254.0K | - |
| Operating Income | ($5.57M) | - | ($9.10M) | ($3.26M) | ($3.48M) | - | ($538.0K) | ($3.50M) | ($3.98M) | - |
| Interest Expense | ($34.0K) | - | $2.0K | - | $391.0K | - | $3.22M | $289.0K | $522.0K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($18.36M) | - | ($8.93M) | ($3.21M) | ($3.87M) | - | ($3.76M) | ($615.0K) | ($4.49M) | - |
| EPS - Basic | ($4.49) | - | ($51.52) | ($25.44) | ($1920.00) | - | ($13680.00) | ($7980.00) | ($56100.00) | - |
| EPS - Diluted | ($4.49) | - | ($51.52) | ($25.44) | ($1920.00) | - | ($13680.00) | ($7980.00) | ($56100.00) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13.32M | $32.51M | $1.81M | $5.72M | $8.52M | $899.0K | $2.31M | $169.0K | $157.0K | $463.0K |
| Accounts Receivable | $883.0K | $1.57M | $4.14M | $3.79M | $4.90M | $4.26M | $2.31M | $1.92M | $1.76M | $1.69M |
| Inventory | - | $14.50M | $6.25M | $14.35M | $14.31M | $14.21M | $16.01M | $17.27M | $18.32M | $20.53M |
| Accounts Payable | $5.35M | $5.41M | $4.07M | $8.71M | $9.90M | $9.79M | $10.88M | $15.01M | $12.91M | $12.10M |
| Current Assets | $19.97M | $36.09M | $14.34M | $28.12M | $33.57M | $23.77M | $26.64M | $25.36M | $26.93M | $29.77M |
| Total Assets | $56.22M | $74.93M | $17.64M | $31.78M | $38.10M | $28.63M | $33.82M | $32.93M | $35.06M | $38.09M |
| Current Liabilities | $6.14M | $7.21M | $6.62M | $11.83M | $14.95M | $22.27M | $24.17M | $26.42M | $27.69M | $26.09M |
| Long-term Debt | - | - | - | - | - | $7.67M | $8.63M | $5.03M | $7.20M | $7.28M |
| Total Liabilities | $6.14M | $7.21M | $6.63M | $11.83M | $14.95M | $22.35M | $24.50M | $26.98M | $28.47M | $27.10M |
| Stockholders' Equity | $50.08M | $67.87M | $11.16M | $20.09M | $23.31M | $6.43M | $9.47M | $6.10M | $6.72M | $11.12M |
| Retained Earnings | ($378.87M) | ($360.51M) | ($290.94M) | ($282.01M) | ($278.80M) | ($274.93M) | ($266.15M) | ($262.39M) | ($261.78M) | ($257.29M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.83M) | - | - | ($400.0K) | ($3.44M) | - | - | - | ($81.0K) | - |
| Investing Cash Flow | ($14.36M) | - | - | - | ($16.0K) | - | - | - | ($135.0K) | - |
| Financing Cash Flow | - | - | - | - | $11.08M | - | - | - | ($92.0K) | - |
| CapEx | - | - | - | - | $16.0K | - | - | - | $135.0K | - |
| Free Cash Flow | - | - | - | - | ($3.46M) | - | - | - | ($216.0K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.4% | - | -692.4% | 0.1% | 14.6% | - | 75.0% | 38.1% | 30.7% | - |
| Operating margin | -1243.8% | - | -1234.7% | -122.8% | -70.5% | - | -13.3% | -131.8% | -80.8% | - |
| EBITDA margin | -1220.3% | - | -1222.9% | -115.2% | -65.4% | - | -8.7% | -124.4% | -75.6% | - |
| Net margin | -4098.2% | - | -1212.1% | -121.2% | -78.5% | - | -93.0% | -23.2% | -91.2% | - |
| Free cash flow margin | - | - | - | - | -70.3% | - | - | - | -4.4% | - |
| FCF / Net income | - | - | - | - | 0.90 | - | - | - | 0.05 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 890.4% | - | 265.4% | 73.1% | 57.3% | - | 43.9% | 105.6% | 46.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -32.7% | - | -50.6% | -10.1% | -10.1% | - | -11.1% | -1.9% | -12.8% | - |
| Return on equity | -36.7% | - | -80.0% | -16.0% | -16.6% | - | -39.7% | -10.1% | -66.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.25 | 5.01 | 2.17 | 2.38 | 2.25 | 1.07 | 1.10 | 0.96 | 0.97 | 1.14 |
| Quick ratio | 3.25 | 3.00 | 1.22 | 1.16 | 1.29 | 0.43 | 0.44 | 0.31 | 0.31 | 0.35 |
| Cash ratio | 2.17 | 4.51 | 0.27 | 0.48 | 0.57 | 0.04 | 0.10 | 0.01 | 0.01 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | 1.19 | 0.91 | 0.82 | 1.07 | 0.65 |
| Debt / Assets | - | - | - | - | - | 0.27 | 0.26 | 0.15 | 0.21 | 0.19 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 163.9x | - | -4550.0x | - | -8.9x | - | -0.2x | -12.1x | -7.6x | - |
| Equity multiplier | 1.12 | 1.10 | 1.58 | 1.58 | 1.63 | 4.45 | 3.57 | 5.40 | 5.22 | 3.42 |
| Liabilities / Assets | 0.11 | 0.10 | 0.38 | 0.37 | 0.39 | 0.78 | 0.72 | 0.82 | 0.81 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.04 | 0.08 | 0.13 | - | 0.12 | 0.08 | 0.14 | - |
| Inventory turnover | - | - | 0.93 | 0.05 | 0.05 | - | 0.06 | 0.10 | 0.19 | - |
| Days sales outstanding | 719d | - | 2049d | 522d | 363d | - | 209d | 265d | 130d | - |
| Days inventory outstanding | - | - | 391d | 6665d | 6985d | - | 5781d | 3841d | 1959d | - |
| Days payable outstanding | 8449d | - | 254d | 4045d | 4833d | - | 3930d | 3337d | 1380d | - |
| Cash conversion cycle | - | - | 2186d | 3142d | 2514d | - | 2060d | 768d | 709d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.2x | - | 3.9x | 2.1x | 859.0x | - | 5113.7x | 1698.7x | 26869.8x | - |
| P / S | 27.0x | - | 59.1x | 16.2x | 4064.3x | - | 11991.5x | 3909.2x | 36661.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -90.9% | - | -81.7% | 0.0% | 0.0% | - | -65.8% | -86.5% | -79.4% | - |
| Revenue CAGR (3y) | -73.5% | - | -70.5% | -59.5% | -52.7% | - | -53.9% | -57.6% | -47.5% | - |
| Revenue CAGR (5y) | -57.9% | - | -54.0% | -45.1% | -32.0% | - | -38.2% | -45.1% | -35.2% | - |
| Gross profit growth (YoY) | -69.9% | - | - | -99.8% | -52.3% | - | -3.3% | -77.9% | -72.6% | - |
| Operating income growth (YoY) | -60.3% | - | -1591.4% | 6.8% | 12.7% | - | 92.2% | 63.3% | 58.2% | - |
| Net income growth (YoY) | -374.8% | - | -137.8% | -422.8% | 13.9% | - | 62.9% | 94.2% | 55.9% | - |
| EPS growth (YoY) | 99.8% | - | 99.6% | 99.7% | 96.6% | - | -716130.4% | -121546.3% | -8765525.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -1502.3% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 114.9% | 955.4% | 17.9% | 229.3% | 246.8% | -42.2% | -38.6% | -91.9% | -92.1% | -88.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$4.36M totalUS$4.35M · 99.9%
CA$4.0K · 0.1%
Peer comparison
Same SIC group: Wholesale-Durable Goods, NEC
Comparing Greenlane Holdings against the 2 most active filers in the same SIC group.