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Greenlane Holdings (GNLN) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 14, 2025

Greenlane Holdings (GNLN) reported revenue of $788K for the second quarter 2025 (Q2 2025), -70% from a year earlier and -46% from the quarter before. Operating margin was -413.2%, net loss $3.2M (408.0% of revenue).

Revenue$788K
Year over year-70%
Quarter over quarter-46%
Operating margin-413.2%
Net earnings−$3.2M

Greenlane Holdings, Q2 2025: revenue $788K (-70% year over year), operating margin -413.2%, net loss $3.2M, operating cash flow −$400K. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$788K-46%-70%
Operating profit−$3.3M——
Net earnings−$3.2M——
Operating cash flow−$400K——

What changed

Revenue was $788K in Q2 2025, down 70% year over year and down 46% from the previous quarter.

Gross margin was 0.3%, down 37.9 points from a year earlier. Operating costs exceeded revenue by $3.3M, an operating margin of -413.2%. Operating expenses fell 28% while revenue fell 70%. The quarter ended with a net loss of $3.2M, narrower than the previous quarter's $3.9M loss.

Operating cash flow was −$400K. Non-cash charges added back $201K of depreciation and amortization. Working capital and other items added $2.6M. Capital expenditures of $52K exceeded it, leaving free cash flow of −$452K.

Questions

What was Greenlane Holdings' revenue in the second quarter 2025?

Greenlane Holdings (GNLN) reported revenue of $788K for the second quarter 2025 (Q2 2025), -70% from a year earlier and -46% from the quarter before.

Was Greenlane Holdings profitable in the second quarter 2025?

Operating loss was $3.3M (-413.2% of revenue) and net loss $3.2M.

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Source: Greenlane Holdings 10-Q on SEC EDGAR.