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

Greenlane Holdings, Inc.

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%

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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

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 83.89%

Capital & Financial Ratios $m

Market Cap 1.55

Revenue 2.94

Net Income (121.54)

Free Cash Flow (34.95)

Net Debt (6.06)

Current Ratio 2.36

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (0.10)

P/S ratio 2.87

P/B ratio 0.33

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 63.68%

Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 33.25%

10-year low 10-year high

P/B against its own 10 years 18.82%

10-year low 10-year high

EV/Sales against its own 10 years 37.90%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	1	33	6
Receivables	2	4	2	8
Inventory	21	14	—	—
Other	7	4	2	1
	30	24	36	15

	2023	2024	2025	Q'26
Payables	12	10	5	6
ST’ Debt	—	—	—	—
Other	3	3	—	—
	26	22	7	7

Compound Annual Growth %

	10y	5y	3y
Sales	—	(49.92%)	(68.33%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	(0.45%)	20.21%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	0	0	—	—	—
’25	1	1	1	1	4
’24	5	3	4	2	13
’23	24	20	12	10	65
’22	47	40	29	22	137
’21	34	35	41	56	166
’20	34	32	36	36	138

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(5)	(2)	—	—	—
’25	(3)	(4)	(4)	(4)	(16)
’24	0	0	(5)	(2)	(7)
’23	2	3	(3)	(3)	(2)
’22	(12)	(2)	(9)	(4)	(26)
’21	(15)	0	(17)	(5)	(37)
’20	(1)	(1)	(1)	(9)	(12)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(15)	(3)	—	—	—
’25	(3)	(5)	(4)	(13)	(25)
’24	0	0	(5)	(2)	(7)
’23	2	3	(4)	(3)	(3)
’22	(13)	(2)	0	(5)	(20)
’21	(16)	(1)	(18)	(7)	(41)
’20	(2)	(2)	(2)	(9)	(15)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(4.49)	(6.06)	—	—	—
’25	(2.54)	(25.44)	(51.52)	(11.81)	(91.36)
’24	(57.54k)	(8.18k)	(43.88k)	129.81k	(116.55)
’23	(433.27k)	(444.11k)	(11.27k)	714.77k	(49.82k)
’22	(4.16)	(1.54m)	(7.74m)	(690.53k)	(10.41m)
’21	(3.79m)	(2.17m)	(5.55m)	(1.22m)	(10.70m)
’20	(5.82m)	(2.44m)	(4.74m)	(3.52m)	(16.52m)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	31,020,000.00	13,437,600.00	11,682,000.00	178,200.00	30,888.00	8,400.00	12.00	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	382,800,000.00	65,736,000.00	115,236,000.00	13,860,000.00	385,440.00	130,800.00	10,740.00
People
People	Employees	—	—	256	350	264	256	145	66	49	11
	Revenue/emp, $m	0.00	0.00	0.70	0.53	0.52	0.65	0.95	0.99	0.27	0.40
Income, $m
Income, $m	Revenue	67	88	179	185	138	166	137	65	13	4
	Gross margin, %	12.10	23.31	19.97	16.80	16.46	20.39	18.22	27.27	47.32	(286.22)
	EBT	0	2	(6)	(29)	(48)	(53)	(182)	(32)	(18)	(86)
	EBT margin, %	0.29	2.80	(3.11)	(15.62)	(34.35)	(32.16)	(132.94)	(49.45)	(133.01)	(1,964.94)
	Net income	0	2	(6)	(40)	(48)	(53)	(182)	(32)	(18)	(86)
	Depreciation	1	1	1	3	12	5	79	5	6	1
Per share, $
Per share, $	Revenue	6.38	168.95	3,427.87	18.24	11.58	86.04	0.00	108,955.00	87.62	4.65
	Earnings	0.01	4.39	(112.71)	(12,862,820.00)	(16,518,580.00)	(10,696,450.00)	(10,405,350.00)	(49,817.95)	(116.55)	(91.36)
	Cash flow	0.25	5.98	(260.11)	(3.64)	(1.03)	(19.34)	0.00	(2,988.33)	(44.55)	(17.36)
	Capex	0.00	(1.70)	(209.31)	(0.20)	(0.19)	(2.10)	0.00	(1,678.33)	(1.61)	(8.82)
	Free cash flow	0.25	4.28	(469.43)	(3.84)	(1.22)	(21.44)	0.00	(4,666.67)	(46.16)	(26.19)
	Book value	0.71	17.99	(211.86)	11.26	5.80	101.74	0.00	18,320.00	41.47	72.32
	Shares, m	10	1	0	10	12	2	0	0	0	1
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.49	0.00
	P/S	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
	P/B	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
	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/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
Cash, $m
Cash, $m	Operating cash flow	3	3	(14)	(37)	(12)	(37)	(26)	(2)	(7)	(16)
	Capex	0	(1)	(11)	(2)	(2)	(4)	7	(1)	0	(8)
	Free cash flow	3	2	(25)	(39)	(15)	(41)	(20)	(3)	(7)	(25)
Balance, $m
Balance, $m	Working capital	4	4	27	89	54	54	41	4	2	29
	Total debt	3	1	48	8	8	11	13	—	—	—
	Net debt	1	(1)	41	(40)	(22)	(2)	1	0	(1)	(33)
	Shareholders’ equity	7	9	(11)	114	69	196	39	11	6	68
Returns, %
Returns, %	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)
	ROE	1.03	27.21	708.03	(55.84)	(15.82)	(23.03)	(144.05)	(128.74)	(204.24)	(231.28)

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
MO Altria Group, Inc.	$123.3B	15.8×	12.9×	+0.15% (above 0%: growing)	−2.84% (below 0%: shrinking)	+282.66% (above 0%: growing)	62.51%	51.32%	Compare
RLX RLX Technology Inc. Sponsored ADR	$1.6B	16.0×	17.0×	+21.90% (above 0%: growing)	+30.00% (above 0%: growing)	−129.25% (below 0%: shrinking)	39.03%	14.22%	Compare
TPB Turning Point Brands, Inc.	$1.2B	26.3×	60.5×	+22.57% (above 0%: growing)	−77.78% (below 0%: shrinking)	+235.11% (above 0%: growing)	65.55%	11.69%	Compare
AIIR Air Global PLC	$1.2B	— (loss-making)	—	—	n/m	−487.91% (below 0%: shrinking)	56.58%	(46.44%)	Compare
UVV Universal Corporation	$1.0B	53.4×	12.5×	−11.79% (below 0%: shrinking)	n/m	+38.82% (above 0%: growing)	15.86%	0.44%	Compare
ISPR Ispire Technology Inc.	$83.2M	— (loss-making)	— (loss-making)	+32.55% (above 0%: growing)	n/m	−26.12% (below 0%: shrinking)	6.32%	(50.72%)	Compare
RYM RYTHM, Inc.	$40.1M	— (loss-making)	— (loss-making)	+1,027.38% (above 0%: growing)	n/m	+202.80% (above 0%: growing)	80.52%	8.41%	Compare
GNLN Greenlane Holdings, Inc.	$1.6M	— (loss-making)	— (loss-making)	−50.38% (below 0%: shrinking)	n/m	+23.77% (above 0%: growing)	87.21%	(839.90%)
XXII 22nd Century Group, Inc	$440.0K	— (loss-making)	— (loss-making)	−29.86% (below 0%: shrinking)	n/m	−57.41% (below 0%: shrinking)	(10.23%)	(114.91%)	Compare
Median of peers	$1.1B	21.2×	15.0×	+21.90%	−2.84%	+6.35%	47.81%	4.43%

All 11 Tobacco stocks →

Greenlane Holdings, Inc. (GNLN) key facts

Concern: Greenlane Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 million, down 67.2% from fiscal 2024.
Greenlane Holdings, Inc. (GNLN) is a Tobacco company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, GNLN traded at $2.06, a market capitalization of $1.6 million.
Return on equity was −231.3% and debt-to-equity 0.00.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −7.62 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.