GNLNNasdaqWholesale-Durable Goods, NECFiscal year ends December 31
Greenlane Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$1.81−0.25 (-12.14%)
Close on Oct 19, 2026
- Market cap
- $7.42M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
-286.2%−302.7 pts over 5 years
Operating margin
-1245.6%−1210.2 pts over 5 years
Net margin
-1965.1%−1954.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -67.2% | -68.3% | -49.9% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -77.5% | -230.4% | |
| Return on assets | – | -10.5% | -165.3% | |
| Current ratio | – | 2.30 | 5.01 | |
| Debt to equity | – | 0.53 | – | |
| Net debt to EBITDA | – | 0.48× | – | |
| Interest coverage | – | -112.1× | -137.7× | |
| Inventory turnover | – | 2.9× | – | |
| Capex to revenue | – | 1.3% | 2.3% | |
| Diluted shares | – | 0M | 1M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Greenlane generated $88.56M from operations and spent $8.53M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$88.56M
Used
$8.53M
Capital expenditure$8.53M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1965.1%
×Asset turnover0.08×
×Equity multiplier1.39×
=Return on equity, FY2025-230.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1965.1% | 0.08× | 1.39× | -230.4% |
| FY2024 | -132.9% | 0.40× | 3.80× | -201.0% |
| FY2023 | -49.2% | 1.02× | 2.55× | -128.5% |
| FY2022 | -123.7% | 0.73× | 1.76× | -158.8% |
| FY2021 | -18.4% | 0.81× | 2.15× | -32.3% |
| FY2020 | -10.5% | 1.00× | 7.36× | -77.5% |
| FY2019 | -15.6% | 1.60× | 20.36× | -507.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$85.58M
- Cash generatingOperating cash flow above zero-$16.26M
- Return on assets improvedROA up on the prior year-46.3% → -298.9%
- Earnings backed by cashOperating cash flow above net income-$16.26M vs -$85.58M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.07 → 5.01
- No dilutionShare count did not rise0M → 1M
- Gross margin improvedGross margin up on the prior year47.32% → -286.22%
- More efficientAsset turnover rose0.35 → 0.15