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Great Elm Capital Group, Inc.

GECC Financial Asset Management

Great Elm Capital Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $50.0 million, up 27.1% from fiscal 2024.

Revenue
−18.3%
EPS
+83.0%
Free cash flow
+152.7%
Total debt
−24.7%

Quarter to September 2026, against a year earlier

5.10 0.08 +1.59%
Market cap
$68.6M
P/E
0.0×
Fwd P/E
6.2×
Dividend yield
23.8%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 35.71%

Capital & Financial Ratios $m

Size
Market Cap 68.57
Revenue ttm 41.71
Net income ttm (20.52)
Free cash flow ttm 68.54
Net debt Q 150.81
Valuation
P/E 0.00
Forward P/E 6.15
Price / sales 1.64
Forward P/S Powerpack
Price / FCF 1.00
Price / book 0.67
Financial health
Current ratio Q 1.61
Debt / equity Q 1.47
Interest coverage Q 1.59
Growth
Revenue growth Q −18.30% (below 0%: shrinking)
Operating income growth Q −18.91% (below 0%: shrinking)
EPS, this year −33.57% (below 0%: weak)
EPS, next year A −5.65% (below 0%: weak)
Revenue, next year A −20.18% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 8.81%
10-year low 10-year high
P/B against its own 10 years 15.33%
10-year low 10-year high

Dividends

Yield
23.8%
Annual rate
1.17
Payout ratio
—
Growth, 2017–25
−15.8%/yr
  1. 5.83 ’17
  2. 7.73 ’18 +33
  3. 5.83 ’19 −25
  4. 3.79 ’20 −35
  5. 2.40 ’21 −37
  6. 1.95 ’22 −19
  7. 1.40 ’23 −28
  8. 1.40 ’24 +0
  9. 1.48 ’25 +6
  10. 1.05 ’26e −29
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 — 2 —
Receivables 4 9 6 4
Inventory — — — —
Other — — — —
5 9 9 5
2023 2024 2025 Q'26
Payables 5 13 35 2
ST’ Debt — — — —
Other — — — —
8 16 39 3

Compound Annual Growth %

10y 5y 3y
Sales — 16.90% 26.96%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 7.24% 10.02%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.21 Actual 0.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.32 0.31 Miss by 0.01
Q1 FY26 0.23 0.36 Beat by 0.13
Q2 FY26 0.34 0.32 Miss by 0.02
Q3 FY26 0.21 0.17 Miss by 0.04
Q4 FY26 0.21 — Reports 1 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.05) 0.46 (0.30) — —
’25 0.04 1.02 (1.79) (1.57) (2.57)
’24 (0.05) (0.14) 0.33 0.17 0.36
’23 1.07 0.68 1.02 0.55 3.33
’22 (1.12) (0.87) 0.18 (0.96) (2.49)
’21 3.18 0.66 (0.78) (5.59) (2.52)
’20 (19.98) 2.04 4.32 (2.58) (14.40)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 10 11 9 — —
’25 12 14 11 13 50
’24 9 10 12 9 39
’23 8 9 9 9 36
’22 6 6 6 7 24
’21 5 6 7 6 25
’20 6 5 6 6 23
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 23 13 13 — —
’25 (6) 10 (25) 19 (3)
’24 (25) (34) (54) 31 (83)
’23 9 4 10 2 26
’22 2 (40) 3 (7) (42)
’21 (24) (12) (37) 15 (58)
’20 21 13 (17) 10 27
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 23 13 13 — —
’25 (6) 10 (25) 19 (3)
’24 (25) (34) (54) 31 (83)
’23 9 4 10 2 26
’22 2 (40) 3 (7) (42)
’21 (24) (12) (37) 15 (58)
’20 21 13 (17) 10 27
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 6 30 28 27 23 25 24 36 39 50 42 +27.0% 40 42 — (8.3%)
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT (18) (3) (9) (7) (32) (10) (15) 26 4 (31) (20) +6.4%
EBT margin, % (305.02) (8.85) (31.80) (27.14) (139.49) (40.50) (62.76) 71.51 9.92 (62.43) (47.81) +242.6 pt
Net income (18) (3) (9) (8) (32) (10) (16) 25 4 (32) (21) +6.6%
Per share, $
Per share, $ Revenue 2.72 15.30 15.63 15.83 10.32 6.20 3.91 4.71 3.99 4.04 3.00 +4.5%
Earnings (8.32) (1.44) (5.10) (4.44) (14.40) (2.52) (2.49) 3.33 0.36 (2.57) (1.46) (12.2%)
Cash flow 4.07 (12.50) (17.15) (14.33) 12.35 (14.36) (6.68) 3.38 (8.40) (0.23) 4.93 n/m
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 4.07 (12.50) (17.15) (14.33) 12.35 (14.36) (6.68) 3.38 (8.40) (0.23) 4.93 n/m
Book value 80.74 68.09 62.01 50.87 35.90 18.30 13.57 12.99 13.83 9.14 7.40 (21.5%)
Shares, m 2 2 2 2 2 4 6 8 10 12 14 +21.5%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.33 35.45 0.00 0.00 3.9
P/S 0.00 3.93 3.01 2.95 2.09 2.98 2.19 2.34 2.75 1.74 1.64 2.4
P/B 0.00 0.88 0.76 0.92 0.60 1.01 0.63 0.85 0.79 0.77 0.67 0.7
EV/Sales 0.00 4.78 5.54 7.14 4.82 8.24 8.44 6.23 7.57 5.49 — 5.8
EV/FCF 0.00 (5.86) (5.05) (7.89) 4.03 (3.56) (4.94) 8.69 (3.60) (97.56) — (11.6)
Cash, $m
Cash, $m Operating cash flow 9 (24) (30) (24) 27 (58) (42) 26 (83) (3) 69 n/m
Capex — — — — — — — — — — — —
Free cash flow 9 (24) (30) (24) 27 (58) (42) 26 (83) (3) 69 n/m
Balance, $m
Balance, $m Working capital 52 (68) (76) (77) (32) (196) (63) (3) (7) (29) 2 n/m
Net debt (32) 28 72 115 62 133 153 139 190 187 151 n/m
Shareholders’ equity 173 132 110 87 80 75 85 99 136 113 103 (4.6%)
Returns, %
Returns, % ROA (7.50) (1.16) (3.45) (2.64) (11.13) (2.90) (4.23) 9.10 1.21 (9.31) (6.06) (1.8) pt
ROIC 0.01 6.92 5.32 3.45 3.15 3.72 1.54 3.37 2.46 3.72 3.14 +3.7 pt
ROE (11.71) (1.80) (7.43) (7.66) (38.38) (13.33) (19.56) 27.60 3.03 (25.53) (16.90) (13.8) pt
People
People Employees 5 — — — — — — 7 — — — +4.9%
Revenue/emp, $m 1.17 0.00 0.00 0.00 0.00 0.00 0.00 5.12 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Great Elm Capital Group, Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HNNA Hennessy Advisors, Inc. $83.2M 10.0× 10.6× +4.17% (above 0%: growing) −3.85% (below 0%: shrinking) −6.00% (below 0%: shrinking) 100.00% 34.72% Compare
PFX PhenixFIN Corporation $81.5M 17.2× 44.6× +4.77% (above 0%: growing) n/m +89.91% (above 0%: growing) 100.00% 68.13% Compare
BCIC BCP Investment Corporation $74.2M — (loss-making) — (loss-making) +20.07% (above 0%: growing) n/m +99.89% (above 0%: growing) 100.00% 37.20% Compare
GECC Great Elm Capital Group, Inc. $68.6M — (loss-making) 6.2× −18.30% (below 0%: shrinking) n/m +152.73% (above 0%: growing) 100.00% 67.38%
AFCG Advanced Flower Capital Inc. $67.2M 2.8× 2.9× +40.12% (above 0%: growing) n/m +30.46% (above 0%: growing) 100.00% 64.59% Compare
GEG Great Elm Group, Inc. $66.5M — (loss-making) — (loss-making) −69.06% (below 0%: shrinking) n/m −378.19% (below 0%: shrinking) 0.00% (104.49%) Compare
SDEV Stablecoin Development Corporation $65.6M 0.1× — (loss-making) +2,540.45% (above 0%: growing) n/m +43.46% (above 0%: growing) 100.00% 91.79% Compare
PDCC Pearl Diver Credit Company Inc. $60.8M — (loss-making) — — +136.54% (above 0%: growing) — — — Compare
ZSTK ZeroStack Corp. $56.1M — (loss-making) — (loss-making) +40.67% (above 0%: growing) n/m +146.50% (above 0%: growing) 11.85% (177.43%) Compare
Median of peers $66.9M 6.4× 10.6× +20.07% — +43.46% 100.00% 37.20%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 13 April 2026

Ownership

Directors and executive officers, together 3.90%
Great Elm Strategic Partnership I, LLC 11.20%
Great Elm Group, Inc. 9.80%
Poor Richard LLC 9.30%
Summit Grove Partners, LLC 7.90%
Prosper Peak Holdings, LLC 7.20%
Entities affiliated with Northern Right Capital Management, L.P. 5.70%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Great Elm Capital Group, Inc. (GECC) Latest News

3 Nov

Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript

2 Nov

Impact 3 · · GlobeNewswire

12 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 · · Zacks

6 Aug

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

5 Aug

Impact 3 ·

7 May

Impact 3 · · MarketBeat

5 May

Impact 4 · · MarketBeat
Impact 3 · · Moby

4 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

3 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Moby
Impact 3 · · MarketBeat

2 Mar

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance

4 Feb

Impact 3 · · Associated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceAssociated Press Finance
Impact 3 · · GlobeNewswire

21 Dec

Impact 3 · · The Wall Street Journal

12 Nov

Impact 3 · · Associated Press Finance

8 Nov

Impact 4 · · GuruFocus.com transcript

4 Nov

Impact 3 ·
Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswireGuruFocus.comMT NewswiresZacksMotley FoolMotley FoolGuruFocus.com

8 Oct

Impact 3 · · ZacksMT NewswiresStockStoryZacksMT NewswiresZacksZacks

7 Oct

Impact 4 · · MT Newswires
stockrow.com/GECC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com