Filing Flows › Great Elm Group (GEG) › Q1 FY26
Great Elm Group (GEG) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
Great Elm Group (GEG) reported revenue of $10.8M for the first quarter fiscal 2026 (Q1 FY26), +170% from a year earlier and +92% from the quarter before. Operating margin was -34.5%, net loss $7.9M (73.3% of revenue).
Great Elm Group, Q1 FY26: revenue $10.8M (+170% year over year), operating margin -34.5%, net loss $7.9M, operating cash flow $3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.8M | +92% | +170% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$7.9M | -150% | — |
| Operating cash flow | $3.8M | +76% | — |
What changed
Revenue was $10.8M in Q1 FY26, up 170% year over year and up 92% from the previous quarter. Real Estate Property Sales was the largest line at 68% of revenue. Real Estate Property Sales added $6.8M year over year (up 1096%), 99% of the total change.
Operating costs exceeded revenue by $3.7M, an operating margin of -34.5%. Total costs grew 142% against revenue growth of 170%. The fastest-growing cost line was Cost of revenue (+963%). The quarter ended with a net loss of $7.9M, after a profit of $15.7M the previous quarter. Minority interests bore $874K of it: to shareholders the quarter was a loss of $7.0M. Net interest and other expense of $4.1M was the main reason.
Operating cash flow was $3.8M. Non-cash charges added back $342K of depreciation and amortization and $644K of share-based compensation. Working capital and other items added $10.7M.
Questions
What was Great Elm Group's revenue in the first quarter fiscal 2026?
Great Elm Group (GEG) reported revenue of $10.8M for the first quarter fiscal 2026 (Q1 FY26), +170% from a year earlier and +92% from the quarter before.
Was Great Elm Group profitable in the first quarter fiscal 2026?
Operating loss was $3.7M (-34.5% of revenue) and net loss $7.9M.
Source: Great Elm Group 10-Q on SEC EDGAR.