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Greenlane Holdings (GNLN) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 31, 2026

Greenlane Holdings (GNLN) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and +85% from the quarter before.

Revenue$1.4M
Year over year-18%
Quarter over quarter+85%
Operating margin—
Net earnings−$69.6M

Greenlane Holdings, Q4 2025: revenue $1.4M (-18% year over year), net loss $69.6M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.4M+85%-18%
Operating profit−$38.6M——
Net earnings−$69.6M——
Operating cash flow−$4.5M——

What changed

Revenue was $1.4M in Q4 2025, down 18% year over year and up 85% from the previous quarter.

Operating costs exceeded revenue by $38.6M, an operating margin of -2834.8%. The fastest-growing cost line was Other operating costs (+1518%). The quarter ended with a net loss of $69.6M, wider than the previous quarter's $8.9M loss.

Operating cash flow was −$4.5M. Non-cash charges added back $99K of depreciation and amortization. Working capital and other items added $65.0M. Capital expenditures of $23K exceeded it, leaving free cash flow of −$4.5M.

Questions

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

Greenlane Holdings (GNLN) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and +85% from the quarter before.

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Source: Greenlane Holdings 10-K on SEC EDGAR.