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. 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%
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

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%) (below 0%: weak)
Next Y EPS Growth 6.91%
Next Y revenue growth (20.18%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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%

All 120 Asset Management stocks →

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.

Source: company filings (standardised) and stockrow calculations.

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

stockrow.com/GECC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com