Filing Flows › Greenlane Holdings (GNLN) › Q1 2025
Greenlane Holdings (GNLN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Greenlane Holdings (GNLN) reported revenue of $1.5M for the first quarter 2025 (Q1 2025), -70% from a year earlier and -11% from the quarter before. Operating margin was -236.6%, net loss $3.9M (263.2% of revenue).
Greenlane Holdings, Q1 2025: revenue $1.5M (-70% year over year), operating margin -236.6%, net loss $3.9M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5M | -11% | -70% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$3.4M | — | — |
What changed
Revenue was $1.5M in Q1 2025, down 70% year over year and down 11% from the previous quarter.
Gross margin was 49.1%, up 18.4 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -236.6%. Operating expenses fell 24% while revenue fell 70%. The fastest-growing cost line was General & admin (+23%). The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $8.8M loss.
Operating cash flow was −$3.4M. Non-cash charges added back $106K of depreciation and amortization. Working capital and other items added $316K. Capital expenditures of $16K exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Greenlane Holdings' revenue in the first quarter 2025?
Greenlane Holdings (GNLN) reported revenue of $1.5M for the first quarter 2025 (Q1 2025), -70% from a year earlier and -11% from the quarter before.
Was Greenlane Holdings profitable in the first quarter 2025?
Operating loss was $3.5M (-236.6% of revenue) and net loss $3.9M.
Source: Greenlane Holdings 10-Q on SEC EDGAR.