Filing Flows › Great Elm Group (GEG) › Q2 FY26
Great Elm Group (GEG) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 4, 2026
Great Elm Group (GEG) reported revenue of $3.0M for the second quarter fiscal 2026 (Q2 FY26), -14% from a year earlier and -72% from the quarter before. Operating margin was -140.6%, net loss $16.5M (549.6% of revenue).
Great Elm Group, Q2 FY26: revenue $3.0M (-14% year over year), operating margin -140.6%, net loss $16.5M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0M | -72% | -14% |
| Operating profit | −$4.2M | — | — |
| Net earnings | −$16.5M | — | — |
| Operating cash flow | −$1.9M | -150% | — |
What changed
Revenue was $3.0M in Q2 FY26, down 14% year over year and down 72% from the previous quarter. Management Service Base was the largest line at 60% of revenue.
Operating costs exceeded revenue by $4.2M, an operating margin of -140.6%. Total costs grew 32% against a revenue fall of 14%. The fastest-growing cost line was SG&A (+51%). The quarter ended with a net loss of $16.5M, wider than the previous quarter's $7.9M loss. Minority interests bore $794K of it: to shareholders the quarter was a loss of $15.8M. Net interest and other expense of $12.4M was the main reason.
Operating cash flow was −$1.9M. Non-cash charges added back $312K of depreciation and amortization and $563K of share-based compensation. Working capital and other items added $13.8M.
Questions
What was Great Elm Group's revenue in the second quarter fiscal 2026?
Great Elm Group (GEG) reported revenue of $3.0M for the second quarter fiscal 2026 (Q2 FY26), -14% from a year earlier and -72% from the quarter before.
Was Great Elm Group profitable in the second quarter fiscal 2026?
Operating loss was $4.2M (-140.6% of revenue) and net loss $16.5M.
Source: Great Elm Group 10-Q on SEC EDGAR.