Saturday 17 October 2026 Export GECC’s income statement to Excel — free account

Great Elm Capital Group, Inc.

Great Elm Capital Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $50.0 million, up 27.1% from fiscal 2024. In the quarter to June 2026, revenue fell 23.7%, EPS fell 54.9%, free cash flow grew 35.7% and total debt fell 17.6%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

4.97 0.05 −1.00%

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Market cap: $69.7M
P/E: 0.0×
Fwd P/E: 6.6×
Dividend yield: 23.5%
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 34.63%

Capital & Financial Ratios $m

Market Cap 69.73

Revenue 43.66

Net Income (38.30)

Free Cash Flow 30.00

Net Debt 160.18

Current Ratio 0.93

Debt/Equity 1.47

P/E ratio 0.00

Fwd P/E 6.64

P/S ratio 1.58

P/B ratio 0.63

Past 5Y EPS Growth —

This Y EPS Growth (33.80%)

Next Y EPS Growth 6.91%

Next Y revenue growth (20.18%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 7.10%

10-year low 10-year high

P/B against its own 10 years 7.33%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 1.17

Annual Dividend Yield 23.54%

	total	individual payouts
2027	Powerpack
2026	1.05	0.30 0.25 0.25
2025	1.48	0.37 0.37 0.37 0.37
2024	1.40	0.35 0.35 0.35 0.35 0.05
2023	1.40	0.35 0.35 0.35 0.35 0.10
2022	1.95	0.60 0.45 0.45 0.45
2021	2.40	0.60 0.60 0.60 0.60
2020	3.79	0.49 0.49 0.49 0.10 0.10 0.10 0.49 0.49 0.49 0.49 0.05 0.05
2019	5.83	0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.29 0.49
2018	7.73	0.49 0.49 0.49 0.50 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 1.40 0.49
2017	5.83	0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49 0.49
2016	1.08	0.04 0.04 0.04 0.97

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	—	2	2
Receivables	4	9	6	4
Inventory	—	—	—	—
Other	—	—	—	—
	5	9	9	7

	2023	2024	2025	Q'26
Payables	5	13	35	7
ST’ Debt	—	—	—	—
Other	—	—	—	—
	8	16	39	8

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	10	11	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.05)	0.46	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	60.59	51.28	43.73	43.90	13.17	18.00	7.80	7.51	9.55	6.61	Analyst estimates 2026–2028 Powerpack
	High	72.41	69.21	61.14	52.98	47.71	24.42	19.51	11.82	11.31	11.46
People
People	Employees	5	—	—	—	—	—	—	7	—	—
	Revenue/emp, $m	1.17	0.00	0.00	0.00	0.00	0.00	0.00	5.12	0.00	0.00
Income, $m
Income, $m	Revenue	6	30	28	27	23	25	24	36	39	50
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	(18)	(3)	(9)	(7)	(32)	(10)	(15)	26	4	(31)
	EBT margin, %	(305.02)	(8.85)	(31.80)	(27.14)	(139.49)	(40.50)	(62.76)	71.51	9.92	(62.43)
	Net income	(18)	(3)	(9)	(8)	(32)	(10)	(16)	25	4	(32)
	Depreciation	11	18	24	15	26	10	(100)	(18)	10	43
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
	Earnings	(8.32)	(1.44)	(5.10)	(4.44)	(14.40)	(2.52)	(2.49)	3.33	0.36	(2.57)
	Cash flow	4.07	(12.50)	(17.15)	(14.33)	12.35	(14.36)	(6.68)	3.38	(8.40)	(0.23)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	4.07	(12.50)	(17.15)	(14.33)	12.35	(14.36)	(6.68)	3.38	(8.40)	(0.23)
	Book value	80.74	68.09	62.01	50.87	35.90	18.30	13.57	12.99	13.83	9.14
	Shares, m	2	2	2	2	2	4	6	8	10	12
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.33	35.45	0.00
	P/S	0.00	3.83	2.94	2.88	2.09	2.98	2.19	2.34	2.75	1.74
	P/B	0.00	0.86	0.74	0.90	0.60	1.01	0.63	0.85	0.79	0.77
	EV/Sales	0.00	4.78	5.54	7.14	4.82	8.24	8.44	6.23	7.57	5.49
	EV/FCF	0.00	(5.86)	(5.05)	(7.89)	4.03	(3.56)	(4.94)	8.69	(3.60)	(97.56)
Cash, $m
Cash, $m	Operating cash flow	9	(24)	(30)	(24)	27	(58)	(42)	26	(83)	(3)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	9	(24)	(30)	(24)	27	(58)	(42)	26	(83)	(3)
Balance, $m
Balance, $m	Working capital	52	(68)	(76)	(77)	(32)	(196)	(63)	(3)	(7)	(29)
	Total debt	35	31	76	120	116	142	153	140	190	189
	Net debt	(32)	28	72	115	62	133	153	139	190	187
	Shareholders’ equity	173	132	110	87	80	75	85	99	136	113
Returns, %
Returns, %	ROA	(7.50)	(1.16)	(3.45)	(2.64)	(11.13)	(2.90)	(4.23)	9.10	1.21	(9.31)
	ROIC	0.01	6.92	5.32	3.45	3.15	3.72	1.54	3.37	2.46	3.72
	ROE	(11.71)	(1.80)	(7.43)	(7.66)	(38.38)	(13.33)	(19.56)	27.60	3.03	(25.53)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PFX PhenixFIN Corporation	$85.5M	18.3×	— (loss-making)	+4.77% (above 0%: growing)	n/m	+89.91% (above 0%: growing)	100.00%	68.13%	Compare
BCIC BCP Investment Corporation	$82.6M	— (loss-making)	25.8×	+20.07% (above 0%: growing)	n/m	+99.89% (above 0%: growing)	100.00%	37.20%	Compare
HNNA Hennessy Advisors, Inc.	$82.5M	9.9×	10.6×	+4.17% (above 0%: growing)	−3.85% (below 0%: shrinking)	−6.00% (below 0%: shrinking)	100.00%	34.72%	Compare
GECC Great Elm Capital Group, Inc.	$69.7M	— (loss-making)	6.6×	−23.68% (below 0%: shrinking)	−54.90% (below 0%: shrinking)	+35.66% (above 0%: growing)	100.00%	69.32%
AFCG Advanced Flower Capital Inc.	$69.7M	— (loss-making)	3.1×	+40.12% (above 0%: growing)	n/m	−452.40% (below 0%: shrinking)	100.00%	64.59%	Compare
GEG Great Elm Group, Inc.	$67.1M	— (loss-making)	— (loss-making)	+88.28% (above 0%: growing)	−92.16% (below 0%: shrinking)	+265.21% (above 0%: growing)	(96.60%)	(19.71%)	Compare
PDCC Pearl Diver Credit Company Inc.	$66.1M	— (loss-making)	—	—	n/m	—	—	—	Compare
AVAT Avalanche Treasury Corporation	$58.2M	—	—	—	n/m	—	100.00%	(3,421.79%)	Compare
OFS OFS Capital Corporation	$53.7M	— (loss-making)	6.5×	−34.74% (below 0%: shrinking)	n/m	+12.89% (above 0%: growing)	100.00%	72.96%	Compare
Median of peers	$68.4M	—	8.6×	+12.42%	—	+51.40%	100.00%	37.20%

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Great Elm Capital Group, Inc. (GECC) key facts

Strength: Great Elm Capital Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $50.0 million, up 27.1% from fiscal 2024.
Great Elm Capital Group, Inc. (GECC) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, GECC traded at $4.97, a market capitalization of $69.7 million.
Great Elm Capital Group, Inc. pays an annual dividend of $1.17 per share, a yield of 23.5%.
Return on equity was −25.5% and debt-to-equity 1.47.
Its Piotroski F-score is 3 out of 9 for fiscal 2025.