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

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