Great Elm Group (GEG) Company Report

Great Elm Group reported a net loss of $16.5 million for Q2 2026, primarily driven by $14.4 million in unrealized losses from investments, including $6.7 million related to its CoreWeave-related investment and $7 million from GECC Common Stock and related special-purpose vehicles.
Revenue for the quarter was $3 million, and Adjusted EBITDA was a loss of $1.6 million.
Estimated fee-paying assets under management (AUM) grew 4% year-over-year to approximately $561 million, with total estimated AUM at $740 million.
The company repurchased approximately 1.1 million shares of GEG stock at an average price of $2.47 per share during the quarter, contributing to a total of 6.4 million shares repurchased since the program's inception, representing nearly 20% of shares outstanding.
Great Elm Group maintained a strong liquidity position with $51.2 million in cash on its balance sheet as of December 31, 2025.

1 day ago

Transcript

Great Elm Group Reports Q2 2026 Net Loss Driven by Unrealized Investment Losses

GEG

Earnings

Share Buyback

New Projects/Investments

Great Elm Group reported a net loss of $16.5 million for fiscal Q2 2026, primarily due to $14.4 million in unrealized losses from investments, including $6.7 million related to its CoreWeave-related investment, $4 million from GECC Common Stock, and $3 million from related SPV investments.
Revenue for the quarter was $3 million, a decrease from $3.5 million in the prior year period, mainly attributed to $0.6 million in property sales and $0.5 million of incentive fees not recognized in the current quarter, partially offset by $0.4 million in new construction management revenue.
Estimated fee-paying assets under management (AUM) grew 4% year-over-year to approximately $561 million, with total estimated AUM at $740 million as of December 31, 2025.
During the quarter, the company repurchased approximately 1.1 million shares at an average price of $2.47 per share, contributing to a total of 6.4 million shares repurchased since the program's inception, representing nearly 20% of shares outstanding.
Great Elm Group maintained a strong liquidity position with $51.2 million in cash on its balance sheet as of December 31, 2025.

1 day ago

Transcript

Great Elm Group Reports Fiscal Q2 2026 Net Loss Driven by Unrealized Investment Losses

GEG

Earnings

Share Buyback

New Projects/Investments

Great Elm Group reported a net loss of $16.5 million for Fiscal Q2 2026, primarily due to $14.4 million in unrealized losses from investments, including $6.7 million from its CoreWeave-related investment and $7 million from GECC Common Stock and related SPVs.
Revenue for the quarter was $3 million, a decrease from the prior year, while estimated fee-paying assets under management (AUM) grew 4% year-over-year to approximately $561 million.
The company maintained strong liquidity with $51.2 million in cash as of December 31, 2025, and repurchased approximately 1.1 million shares of GEG stock at an average price of $2.47 per share during the quarter.

1 day ago

Transcript

GEG Reports Q2 2026 Financial Results with Net Loss and Share Repurchases

GEG

Earnings

Share Buyback

New Projects/Investments

GEG reported a net loss of $(16.5) million for Fiscal 2Q26, primarily driven by a $14.4 million unrealized loss on investments, compared to a net income of $1.4 million in the prior-year period. Revenue for the quarter was $3.0 million.
As of December 31, 2025, Assets Under Management (AUM) were $740 million, and Fee-Paying AUM (FPAUM) was $561 million, reflecting a 4% year-over-year growth in FPAUM.
The company repurchased approximately 1.1 million shares at an average price of $2.47 per share during the quarter, representing over 3% of shares outstanding. As of February 3, 2026, $12.3 million of program capacity remained for share repurchases.
GEG ended the quarter with $51.2 million of cash and continued progress in its Real Estate segment, including the substantial completion of a Monomoy BTS property for sale in the second half of fiscal 2026.

1 day ago

Presentation

Great Elm Group, Inc. Reports Fiscal Q2 2026 Financial Results

GEG

Earnings

Share Buyback

New Projects/Investments

Great Elm Group, Inc. reported a net loss of $(16.5) million for the fiscal second quarter ended December 31, 2025, compared to net income of $1.4 million in the prior-year period, primarily driven by $14.4 million in unrealized losses from investments.
Total revenue for the quarter was $3.0 million, down from $3.5 million in the prior-year period, and Adjusted EBITDA was $(1.6) million.
Fee-paying assets under management (FPAUM) grew 4% year-over-year to $561 million, while total assets under management (AUM) decreased 2% to $740 million as of December 31, 2025.
The company repurchased approximately 1.1 million shares (over 3% of shares outstanding) at an average price of $2.47 per share during the quarter.
Operationally, Monomoy BTS substantially completed its third build-to-suit development property in Florida, and the Great Elm Credit Income Fund began an orderly wind-down.

2 days ago

8-K

Great Elm Group Reports Fiscal Q2 2026 Financial Results

GEG

Earnings

Share Buyback

Great Elm Group reported a net loss of $(16.5) million and total revenue of $3.0 million for its fiscal second quarter ended December 31, 2025, primarily driven by $14.4 million in unrealized losses on investments.
Fee-paying assets under management (FPAUM) grew 4% year-over-year to approximately $561 million as of December 31, 2025.
The company repurchased approximately 1.1 million shares in the second quarter, representing over 3% of shares outstanding, at an average price of $2.47 per share.
As of December 31, 2025, Great Elm Group had approximately $51.2 million in cash and cash equivalents on its balance sheet.

2 days ago

Press Release

Great Elm Group, Inc. Reports Financial Results and Segment Realignment

GEG

Earnings

New Projects/Investments

Accounting Changes

Great Elm Group, Inc. (GEG) reported net income from continuing operations of $15,550 thousand for the twelve months ended June 30, 2025, a significant improvement from a net loss of $(942) thousand in the prior year, despite total revenues decreasing to $16,316 thousand.
The Alternative Credit segment experienced a 31% increase in revenues, reaching $10,323 thousand for the twelve months ended June 30, 2025, and achieved a net income of $2,351 thousand for the segment, compared to a net loss of $(9,595) thousand in the prior year.
As of June 30, 2025, GEG's combined assets under management (AUM) were approximately $758.5 million, and the company maintained an unrestricted cash balance of $30.6 million.
Effective for the quarter ended September 30, 2025, GEG realigned its financial reporting into two segments: Alternative Credit and Real Estate.

Jan 7, 2026, 10:12 PM

8-K

Great Elm Group Reports Q1 2026 Results with Increased Revenue and Strategic Investments

GEG

Earnings

New Projects/Investments

Share Buyback

Great Elm Group (GEG) reported Fiscal 1Q26 revenue of $10.8 million, a significant increase from $4.0 million in the prior-year period, primarily driven by the $7.4 million sale of a Monomoy BTS property. However, the company recorded a net loss of $(7.9) million and Adjusted EBITDA of $(0.5) million for the quarter, largely due to unrealized losses on investments.
As of September 30, 2025, GEG grew pro forma Fee-Paying Assets Under Management (FPAUM) by 10% to $601 million and pro forma Assets Under Management (AUM) by 7% to $792 million year-over-year.
In July 2025, GEG closed a strategic partnership with Kennedy Lewis Investment Management (KLIM), which included KLIM purchasing ~1.4 million shares of GEG common stock at $2.11 per share and providing up to $150 million in leverageable capital for real estate platform expansion. Additionally, in August 2025, Woodstead Value Fund invested $9 million in GEG by purchasing 4.0 million shares at $2.25 per share, and Booker Smith was appointed to the GEG Board.
GEG ended the quarter with a robust balance sheet, including $53.5 million in cash as of September 30, 2025. The Board also authorized an additional $5 million for stock repurchases, bringing the total program to $25 million, with approximately $14.1 million remaining capacity as of November 11, 2025.

Nov 13, 2025, 1:30 PM

Presentation

Great Elm Group Reports Q1 2026 Results with Increased Revenue and AUM Growth

GEG

Earnings

Debt Issuance

Share Buyback

Great Elm Group (GEG) reported Q1 2026 revenue of $10.8 million, a significant increase from $4 million in the prior year period, primarily driven by $7.4 million from the sale of a Monomoy BTS built-to-suit property. However, the company posted a net loss of $7.9 million, mainly due to unrealized losses on investments in GECC common stock and CoreWeave-related holdings.
Fee-paying Assets Under Management (AUM) grew 9% year-over-year to approximately $594 million, or 10% on a pro forma basis to approximately $601 million. This growth was supported by raising nearly $250 million in debt and equity capital across its credit and real estate platforms, including a transformative partnership with Kennedy Lewis Investment Management.
The company maintained a solid balance sheet with approximately $53.5 million in cash as of September 30, 2025 , and expanded its stock repurchase program by $5 million to a total of $25 million, having already repurchased 5.6 million shares for $10.9 million at an average price of $1.93 per share through November 11, 2025.
Despite strong capital formation and balance sheet optimization, GECC's operating results were negatively impacted by the bankruptcy of First Branch, leading to a negative NAV impact.

Nov 13, 2025, 1:30 PM

Transcript

Great Elm Group, Inc. Reports Fiscal Q1 2026 Financial Results and Strategic Capital Raises

GEG

Earnings

Share Buyback

New Projects/Investments

Great Elm Group, Inc. reported a net loss of $(7.9) million and Adjusted EBITDA of $(0.5) million for the fiscal first quarter ended September 30, 2025, compared to net income of $3.0 million and Adjusted EBITDA of $1.3 million in the prior-year period. Total revenue for the quarter was $10.8 million, primarily driven by $7.4 million from the sale of a Monomoy build-to-suit development property.
The company raised nearly $250 million in capital during the quarter for GEG and its managed funds, including a strategic partnership with Kennedy Lewis Investment Management (KLIM) which provided up to $150 million in term loans to Monomoy REIT and purchased 1.4 million shares of GEG common stock.
Pro Forma Fee-Paying Assets Under Management (FPAUM) and Assets Under Management (AUM) grew 10% and 7% year-over-year, respectively, reaching approximately $601 million and $792 million as of September 30, 2025.
GEG's Board authorized an additional $5 million for its stock repurchase program in July 2025, bringing the total program to $25 million with approximately $14.1 million remaining capacity. Through November 11, 2025, the company repurchased approximately 5.6 million shares for $10.9 million at an average price of $1.93 per share.