Filing Flows › Great Elm Group (GEG) › Q4 FY25
Great Elm Group (GEG) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 2, 2025
Great Elm Group (GEG) reported revenue of $5.6M for the fourth quarter fiscal 2025 (Q4 FY25), -37% from a year earlier and +75% from the quarter before. Operating margin was -26.3%, net earnings $15.7M (280.4% of revenue).
Great Elm Group, Q4 FY25: revenue $5.6M (-37% year over year), operating margin -26.3%, net earnings $15.7M, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6M | +75% | -37% |
| Operating profit | −$1.5M | — | — |
| Net earnings | $15.7M | — | — |
| Operating cash flow | $2.2M | — | -27% |
What changed
Revenue was $5.6M in Q4 FY25, down 37% year over year and up 75% from the previous quarter. Management Service Incentive was the largest line at 45% of revenue.
Operating costs exceeded revenue by $1.5M, an operating margin of -26.3%. Total costs fell 34% while revenue fell 37%. Net earnings were $13.6M. The effective tax rate was 0.5%. Non-operating items added $17.3M, 109% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.2M (down 27% year over year), 14% of net income including minority interests. Non-cash charges added back $331K of depreciation and amortization and $440K of share-based compensation. Working capital and other items used $14.3M.
Questions
What was Great Elm Group's revenue in the fourth quarter fiscal 2025?
Great Elm Group (GEG) reported revenue of $5.6M for the fourth quarter fiscal 2025 (Q4 FY25), -37% from a year earlier and +75% from the quarter before.
Was Great Elm Group profitable in the fourth quarter fiscal 2025?
Operating loss was $1.5M (-26.3% of revenue) and net earnings $15.7M.
Source: Great Elm Group 10-K on SEC EDGAR.