Filing Flows › Greenland Technologies Holding (GTEC) › Q2 2025
Greenland Technologies Holding (GTEC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Greenland Technologies Holding (GTEC) reported revenue of $21.7M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +0.2% from the quarter before. Operating margin was -10.7%, net loss $2.8M (12.7% of revenue).
Greenland Technologies Holding, Q2 2025: revenue $21.7M (-6% year over year), operating margin -10.7%, net loss $2.8M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7M | +0.2% | -6% |
| Operating profit | −$2.3M | -148% | — |
| Net earnings | −$2.8M | -169% | — |
| Operating cash flow | −$1.7M | -237% | — |
What changed
Revenue was $21.7M in Q2 2025, down 6% year over year and roughly flat from the previous quarter. Transmission Boxes for Forklift was the largest line at 97% of revenue. Transmission Boxes for Non Forklift lost $1.3M year over year (down 65%), 99% of the total change.
Gross margin was 26.5%, down 3.0 points from a year earlier. Operating costs exceeded revenue by $2.3M, an operating margin of -10.7%. Operating expenses grew 190% against a revenue fall of 6%. The fastest-growing cost line was General & admin (+452%). The quarter ended with a net loss of $2.8M, after a profit of $4.6M the previous quarter. Non-operating items added $412K, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.7M. Non-cash charges added back $521K of depreciation and amortization. Working capital and other items added $534K. Capital expenditures of $139K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Greenland Technologies Holding's revenue in the second quarter 2025?
Greenland Technologies Holding (GTEC) reported revenue of $21.7M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +0.2% from the quarter before.
Was Greenland Technologies Holding profitable in the second quarter 2025?
Operating loss was $2.3M (-10.7% of revenue) and net loss $2.8M.