Greenlane Holdings, Inc.

GNLN Consumer Defensive Tobacco

Greenlane Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 million, down 67.2% from fiscal 2024. In the quarter to June 2026, revenue fell 50.4%, EPS grew 76.2% and free cash flow grew 23.8%, each against the same quarter a year earlier.

2.06 0.18 −8.04%
Market cap
$1.6M
P/E
0.0×
Fwd P/E
−0.1×
Dividend yield
—
F-score
3/9
Altman Z
−7.62
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
— — 2 2 3 3 — — 3 3
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.49 0.00
Altman Z-Score
— — — 6,716,680.15 7,017,701.82 164,708.45 — (9.43) 25.99 (7.62)
P/S ratio
15,005,485.44 15,005,485.44 15,005,485.44 2,356,086.13 4,515,368.93 147,891.51 0.00 0.30 112.98 2.70
Altman Z″-Score (non-manufacturers)
2.73 2.29 — 5.58 0.92 1.67 (18.17) (25.56) (33.44) (8.15)
P/FCF ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Beneish M-Score
— (1.91) (0.80) (2.19) (4.54) (0.26) (11.85) (7.15) 4.96 —
P/Operating CF
(383,506,811.73) (383,506,811.73) (383,506,811.73) (129,729,187.50) (73,074,372.10) (4,632,000.00) 0.00 (6.58) (988.04) (2.64)
P/B ratio
0.00 0.00 0.00 3,814,762.92 9,017,046.42 125,068.06 0.00 1.79 238.75 0.17
Price to Tangible BV
0.00 0.00 0.00 4,541,420.39 10,402,678.30 351,876.44 0.00 0.00 0.00 0.59
EV/Sales
15,005,485.79 15,005,485.79 15,005,485.79 2,356,085.91 4,515,368.76 147,891.50 0.01 0.33 113.11 (4.17)
EV/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.34
EV/Operating CF
(154,688,640.23) (154,688,640.23) (154,688,640.23) (11,811,777.65) (50,763,580.04) (657,885.40) (0.03) (12.14) (222.45) 1.12
EV/FCF
(95,192,358.54) (95,192,358.54) (95,192,358.54) (11,183,549.63) (42,794,049.31) (590,499.20) (0.04) (7.77) (214.69) 0.74
Quick Ratio
0.47 0.30 0.51 2.13 0.88 0.39 0.52 0.08 0.23 4.73
Current Ratio
1.55 1.19 1.88 4.38 2.30 1.76 2.15 1.14 1.07 5.01
Net Debt/EBITDA
1.61 (0.41) (41.37) 1.78 0.60 0.05 (0.01) 0.02 0.15 0.61
Debt/Assets
17.56% 2.22% 62.00% 5.36% 6.56% 3.74% 14.57% 0.00% 0.00% 0.00%
Debt/Equity
0.38 0.07 (4.37) 0.07 0.12 0.05 0.34 0.00 0.00 0.00
Asset Turnover
2.93 3.87 3.33 1.60 1.00 0.81 0.73 1.02 0.40 0.08
Operating CF/Net income
30.39 1.36 2.31 1.28 0.85 1.22 0.16 0.06 0.38 0.19
Capex/Depreciation
0.00 (1.12) (7.34) (0.77) (0.20) (0.86) 0.09 (0.20) (0.04) (10.63)
Interest Coverage
1.35 10.07 (0.78) (25.56) (112.07) (91.85) (75.14) (4.79) (1.99) (137.68)
ROE
1.03% 27.21% 708.03% (55.84%) (15.82%) (23.03%) (144.05%) (128.74%) (204.24%) (231.28%)
ROA
0.38% 10.06% (10.94%) (24.92%) (10.53%) (14.97%) (90.28%) (50.36%) (52.87%) (165.27%)
ROIC
0.00% 21.29% (5.17%) (20.85%) (65.31%) (16.97%) (288.50%) (154.83%) (137.18%) (96.29%)
Return on Tangible Assets
2.22% 52.48% (15.37%) (28.29%) (21.85%) (40.98%) (376.64%) (522.75%) (602.87%) (293.77%)
Average Days of Receivables
7.32 15.55 16.76 15.96 16.71 32.29 17.22 9.45 117.18 131.75
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
11.91% 19.33% 20.52% 28.81% 43.54% 49.31% 52.73% 63.74% 129.15% 898.87%
Intangible Assets out of Total Assets
0.30 0.16 0.12 0.12 0.08 0.44 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.00% 2.27% 4.33% 0.62% 3.44% 1.68% 0.43% 0.65% 537.08%
Graham Net Nets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.14 0.00 2.46
Graham Number
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,341.15 0.00
Earnings Yield
(1.56%) (1.56%) (1.56%) (29.62%) (31.60%) (100.02%) (5,032.98%) (531.17%) 204.04% (726.98%)
Free Cash Flow Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% (14.26%) (0.47%) (208.48%)
Revenue per Share
6.38 168.95 3,427.87 18.24 11.58 86.04 0.00 108,955.00 87.62 4.65
Operating CF per Share
0.25 5.98 (260.11) (3.64) (1.03) (19.34) 0.00 (2,988.33) (44.55) (17.36)
Capex per Share
0.00 (1.70) (209.31) (0.20) (0.19) (2.10) 0.00 (1,678.33) (1.61) (8.82)
Free Cash Flow per Share
0.25 4.28 (469.43) (3.84) (1.22) (21.44) 0.00 (4,666.67) (46.16) (26.19)
Cash per Share
0.16 3.98 140.63 4.71 2.55 6.66 0.00 771.67 5.93 34.72
Shareholders Equity per Share
0.71 17.99 (211.86) 11.26 5.80 101.74 0.00 18,320.00 41.47 72.32
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
0.71 17.99 (211.86) 11.26 5.80 101.74 0.00 18,320.00 41.47 72.32
Free Cash Flow
2.64 2.24 (24.50) (38.98) (14.60) (41.37) (19.62) (2.80) (6.99) (24.52)
Working Capital
3.56 3.77 26.67 88.71 54.23 53.77 41.04 3.68 1.51 28.88
Capital Expenditures
(0.08) (0.89) (10.93) (2.07) (2.30) (4.04) 6.81 (1.01) (0.24) (8.26)
Net Current Asset Value
1.45 3.11 (31.97) 76.03 42.69 35.27 26.01 2.67 1.42 28.88
EV/EBIT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.33
Capex to Sales
0.00 0.01 0.06 0.01 0.02 0.02 (0.05) 0.02 0.02 1.90
Price to Operating Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
1.61 1.32 0.13 0.21 0.94 0.23 20.04 2.04 4.03 3.07
Cash ROIC
22.12% 18.44% (54.87%) (22.89%) (13.56%) (18.82%) (30.54%) (24.44%) (97.40%) (24.46%)
Accounts Receivable Turnover
26.17 34.63 29.88 22.69 19.18 15.80 12.96 16.02 4.46 1.49
Accounts Payable Turnover
5.83 6.73 8.02 9.76 7.78 6.38 5.90 3.51 0.64 2.21
Inventory Turnover
5.07 6.51 6.56 4.24 2.92 2.57 2.08 1.55 0.40 0.00
Average Days of Payables
28.66 83.58 51.55 26.82 58.14 63.61 48.69 92.91 510.83 117.49
Days of Inventory on Hand
41.37 76.35 75.20 102.11 113.93 184.93 132.33 157.59 741.95 0.00
Average Receivables
2.55 2.55 5.99 8.15 7.21 10.51 10.58 4.08 2.98 2.92
Average Payables
10.05 10.05 17.86 15.77 14.86 20.72 19.00 13.53 10.95 7.60
Average Inventory
11.57 10.40 21.83 36.28 39.56 51.52 53.81 30.59 17.37 —
Average Assets
22.79 22.79 53.80 115.61 137.93 204.24 187.76 63.89 33.36 51.78
Average Common Equity
8.42 8.42 (0.83) 51.60 91.76 132.81 117.68 24.99 8.64 37.00

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