Great Elm Swings to $35M FY Loss on GECC Write-Downs, But Q4 Revenue Jumps 88%
GEG sits 19% above its 52-week low of $1.801 on light trading volume (0.2× avg).
Summary
Great Elm reported a fiscal 2026 net loss of $35.4M, driven by $22.2M in realized and unrealized losses on GECC-related investments. Q4 revenue surged 88% to $10.6M, and the company ended the year with $53.5M in cash. Fee-paying AUM grew 7% to $590M, and Monomoy REIT deployed a record $34M in Q4. The company repurchased 0.3M shares in Q4 and has $23.9M remaining under its buyback program. The conference call is scheduled for August 27, 2026.
At the time of this announcement, GEG was trading at $2.15 on NASDAQ in the Finance sector, with a market capitalization of approximately $67.4M. The 52-week trading range was $1.80 to $3.51. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.