Filing Flows › Greenland Technologies Holding (GTEC) › Q1 2026 › vs Q1 2025
Greenland Technologies Holding (GTEC) Q1 2026 vs Q1 2025 (year over year)
Greenland Technologies Holding's revenue rose $3.9M (+18%) from $21.7M in Q1 2025 to $25.5M in Q1 2026. The biggest changes: Transmission Boxes for Forklift +$4.0M (+19%); Transmission Boxes for Non Forklift −$126K (-17%). Gross margin 34.3% against 30.7% (+3.6 pts).
Greenland Technologies Holding, Q1 2026: revenue $25.5M (+18% year over year), operating margin 22.4%, net earnings $5.0M, operating cash flow −$1.2M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.3% | 30.7% | +3.6 pts |
| Operating margin | 22.4% | 22.2% | +0.2 pts |
| Net margin | 19.6% | 18.5% | +1.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Transmission Boxes for Forklift | $24.9M | $20.9M | $4.0M | +19% |
| Transmission Boxes for Non Forklift | $622K | $748K | −$126K | -17% |
| Revenue | $25.5M | $21.7M | $3.9M | +18% |
| Gross profit | $8.8M | $6.7M | $2.1M | +32% |
| Cost of revenue | $16.8M | $15.0M | $1.8M | +12% |
| Other income, net | $1.0M | $632K | $400K | +63% |
| Operating profit | $5.7M | $4.8M | $911K | +19% |
| Operating expenses | $3.0M | $1.9M | $1.2M | +64% |
| Pre-tax earnings | $6.8M | $5.4M | $1.3M | +24% |
| Research & development | $778K | $81K | $697K | +855% |
| Sales & marketing | $419K | $332K | $87K | +26% |
| General & admin | $1.8M | $1.4M | $403K | +28% |
| Net earnings | $5.0M | $4.0M | $997K | +25% |
| Minority interests | $748K | $559K | $189K | +34% |
| Income tax | $1.0M | $878K | $126K | +14% |
| Operating cash sources | $6.7M | $3.3M | $3.4M | +105% |
| Depreciation & amortization | $517K | $517K | −$210 | 0% |
| Cash used in operations | $1.2M | −$1.2M | $2.4M | — |
| Working capital & other | $6.7M | $3.3M | $3.4M | +105% |
Questions
How much did Greenland Technologies Holding's revenue grow year over year in Q1 2026?
Greenland Technologies Holding's revenue rose $3.9M (+18%) from $21.7M in Q1 2025 to $25.5M in Q1 2026.
What drove Greenland Technologies Holding's revenue change in Q1 2026?
Transmission Boxes for Forklift +$4.0M (+19%); Transmission Boxes for Non Forklift −$126K (-17%).