CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · GNLN

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Revenue$4.36M$13.28M$65.37M$137.09M$166.06M$138.30M
Cost of Revenue$16.82M$6.99M$47.55M$112.10M$138.38M$115.54M
Gross Profit($12.46M)$6.28M$17.83M$24.98M$27.68M$22.77M
R&D------
SG&A$10.65M$9.76M$24.21M$41.00M$41.70M$35.31M
Total Operating Expenses$41.78M$18.10M$43.91M$152.72M$80.40M$71.74M
D&A$493.0K$800.0K$2.24M$9.07M$4.69M$2.52M
Operating Income($54.25M)($11.81M)($26.08M)($127.73M)($52.72M)($48.98M)
Interest Expense$394.0K$5.94M$5.45M$2.45M$574.0K$437.0K
Income Tax$7.0K--($13.0K)$10.0K$194.0K
Net Income($85.58M)($17.64M)($32.17M)($115.76M)($30.58M)($14.52M)
EPS - Basic($91.36)($87360.00)($538560.00)($10144200.00)($16104000.00)-
EPS - Diluted($91.36)($87360.00)($538560.00)($10144200.00)($16104000.00)-

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Cash & Equivalents$32.51M$899.0K$463.0K$6.46M$12.86M$30.43M
Accounts Receivable$1.57M$4.26M$1.69M$6.47M$14.69M$6.33M
Inventory$14.50M$14.21M$20.53M$40.64M$66.98M$36.06M
Accounts Payable$5.41M$9.79M$12.10M$14.95M$23.04M$18.41M
Current Assets$36.09M$23.77M$29.77M$76.70M$124.74M$96.08M
Total Assets$74.93M$28.63M$38.09M$146.05M$285.83M$122.65M
Current Liabilities$7.21M$22.27M$26.09M$35.66M$70.97M$41.86M
Long-term Debt-$7.67M$7.28M$13.04M$10.61M$7.84M
Total Liabilities$7.21M$22.35M$27.10M$50.69M$89.46M$53.39M
Stockholders' Equity$67.87M$6.43M$11.12M$95.36M$174.53M$15.06M
Retained Earnings($360.51M)($274.93M)($257.29M)($171.37M)($55.54M)($24.85M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Operating Cash Flow($16.26M)($6.75M)($1.79M)($26.43M)($37.33M)($12.30M)
Investing Cash Flow($8.26M)($244.0K)$30.0K$12.03M($19.69M)($4.14M)
Financing Cash Flow$56.13M$7.43M($10.14M)$13.93M$38.96M($1.06M)
CapEx$98.0K$244.0K$1.01M$2.78M$4.40M$1.79M
Free Cash Flow($16.36M)($6.99M)($2.80M)($29.21M)($41.73M)($14.09M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2019
Profitability
Gross margin-286.2%47.3%27.3%18.2%16.7%16.5%
Operating margin-1245.6%-89.0%-39.9%-93.2%-31.7%-35.4%
EBITDA margin-1234.3%-83.0%-36.5%-86.6%-28.9%-33.6%
Net margin-1965.1%-132.9%-49.2%-84.4%-18.4%-10.5%
Free cash flow margin-375.6%-52.7%-4.3%-21.3%-25.1%-10.2%
FCF / Net income0.190.400.090.251.360.97
R&D / Revenue------
SG&A / Revenue244.5%73.6%37.0%29.9%25.1%25.5%
Effective tax rate------
Return on assets-114.2%-61.6%-84.5%-79.3%-10.7%-11.8%
Return on equity-126.1%-274.3%-289.2%-121.4%-17.5%-96.4%
Return on invested capital----93.1%-22.5%-168.9%
Liquidity
Current ratio5.011.071.142.151.762.30
Quick ratio3.000.430.351.010.811.43
Cash ratio4.510.040.020.180.180.73
Leverage
Debt / Equity-1.190.650.140.060.52
Debt / Assets-0.270.190.090.040.06
Debt / EBITDA------
Interest coverage-137.7x-2.0x-4.8x-52.1x-91.9x-112.1x
Equity multiplier1.104.453.421.531.648.14
Liabilities / Assets0.100.780.710.350.310.44
Efficiency
Asset turnover0.060.461.720.940.581.13
Inventory turnover1.160.492.322.762.073.20
Days sales outstanding132d117d9d17d32d17d
Days inventory outstanding315d742d158d132d177d114d
Days payable outstanding117d511d93d49d61d58d
Cash conversion cycle329d348d74d101d148d72d
Valuation
P / E------
P / B1.4x1865.8x12271.9x15011.8x871053.3x-
P / S21.6x903.9x2088.2x10442.4x915471.4x-
EV / EBITDA------
Growth
Revenue growth (YoY)-67.2%-79.7%-52.3%-17.4%--
Revenue CAGR (3y)-68.3%-56.9%--0.3%--
Revenue CAGR (5y)--37.4%----
Gross profit growth (YoY)--64.8%-28.6%-9.7%--
Operating income growth (YoY)-359.1%54.7%79.6%-142.3%--
Net income growth (YoY)-385.1%45.2%72.2%-278.5%--
EPS growth (YoY)99.9%83.8%94.7%37.0%--
EPS CAGR (3y)------
EPS CAGR (5y)------
FCF growth (YoY)-133.9%-149.8%90.4%30.0%--
FCF CAGR (5y)------
Book value growth (YoY)955.4%-42.2%-88.3%-45.4%--

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Geographic

$4.36M total
US$4.35M · 99.9%
CA$4.0K · 0.1%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-2.03
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

2/9
Weak
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Wholesale-Durable Goods, NEC

CompanyRevenue (last FY)Net marginROE
CNM$7.44B5.5%20.6%
AENT$1.06B1.4%14.6%

Comparing Greenlane Holdings against the 2 most active filers in the same SIC group.