Filing Flows › Greenland Technologies Holding (GTEC) › Q1 2026 › vs Q4 2025
Greenland Technologies Holding (GTEC) Q1 2026 vs Q4 2025 (quarter over quarter)
Greenland Technologies Holding's revenue rose $1.6M (+7%) from $23.9M in Q4 2025 to $25.5M in Q1 2026. The biggest changes: Transmission Boxes for Forklift +$1.8M (+8%); Transmission Boxes for Non Forklift −$136K (-18%). Gross margin 34.3% against 35.4% (-1.1 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.3% | 35.4% | -1.1 pts |
| Operating margin | 22.4% | -0.1% | +22.5 pts |
| Net margin | 19.6% | -6.6% | +26.2 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Transmission Boxes for Forklift | $24.9M | $23.1M | $1.8M | +8% |
| Transmission Boxes for Non Forklift | $622K | $758K | −$136K | -18% |
| Revenue | $25.5M | $23.9M | $1.6M | +7% |
| Gross profit | $8.8M | $8.5M | $299K | +4% |
| Cost of revenue | $16.8M | $15.4M | $1.3M | +9% |
| Other income, net | $1.0M | $1.1M | −$70K | -6% |
| Operating profit | $5.7M | −$29K | $5.7M | — |
| Operating expenses | $3.0M | $8.5M | −$5.4M | -64% |
| Pre-tax earnings | $6.8M | $1.1M | $5.7M | +529% |
| Net earnings | $5.0M | −$1.6M | $6.6M | — |
| Minority interests | $748K | $1.8M | −$1.0M | -58% |
| Income tax | $1.0M | $864K | $140K | +16% |
| Operating cash sources | $6.7M | −$8.5M | $15.2M | — |
| Depreciation & amortization | $517K | $849K | −$332K | -39% |
| Cash used in operations | $1.2M | −$7.8M | $9.0M | — |
| Working capital & other | $6.7M | −$8.5M | $15.2M | — |
Questions
How much did Greenland Technologies Holding's revenue grow quarter over quarter in Q1 2026?
Greenland Technologies Holding's revenue rose $1.6M (+7%) from $23.9M in Q4 2025 to $25.5M in Q1 2026.
What drove Greenland Technologies Holding's revenue change in Q1 2026?
Transmission Boxes for Forklift +$1.8M (+8%); Transmission Boxes for Non Forklift −$136K (-18%).