Filing Flows › Greenland Technologies Holding (GTEC) › Q2 2026 › vs Q2 2025
Greenland Technologies Holding (GTEC) Q2 2026 vs Q2 2025 (year over year)
Greenland Technologies Holding's revenue rose $8.2M (+38%) from $21.7M in Q2 2025 to $29.9M in Q2 2026. The biggest changes: Transmission boxes for Forklift +$8.1M (+39%); Transmission boxes for Non-Forklift (EV, etc.) +$41K (+6%). Gross margin 31.9% against 26.5% (+5.5 pts).
Greenland Technologies Holding, Q2 2026: revenue $29.9M (+38% year over year), operating margin 20.0%, net earnings $3.5M, operating cash flow $1.3M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.9% | 26.5% | +5.5 pts |
| Operating margin | 20.0% | -10.7% | +30.7 pts |
| Net margin | 11.7% | -14.8% | +26.6 pts |
| Free cash flow margin | 0.3% | -8.5% | +8.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Transmission boxes for Forklift | $29.1M | $21.0M | $8.1M | +39% |
| Transmission boxes for Non-Forklift (EV, etc.) | $738K | $697K | $41K | +6% |
| Revenue | $29.9M | $21.7M | $8.2M | +38% |
| Gross profit | $9.5M | $5.8M | $3.8M | +66% |
| Cost of revenue | $20.3M | $16.0M | $4.4M | +27% |
| Other income, net | $198K | $412K | −$215K | -52% |
| Operating profit | $6.0M | −$2.3M | $8.3M | — |
| Operating expenses | $3.6M | $8.1M | −$4.5M | -56% |
| Pre-tax earnings | $6.2M | −$1.9M | $8.1M | — |
| Research & development | $1.0M | $444K | $603K | +136% |
| Sales & marketing | $1.7M | $1.0M | $671K | +67% |
| General & admin | $837K | $6.6M | −$5.8M | -87% |
| Net earnings | $3.5M | −$3.2M | $6.7M | — |
| Minority interests | $1.4M | $465K | $974K | +209% |
| Income tax | $1.2M | $849K | $389K | +46% |
| Depreciation & amortization | $532K | $521K | $11K | +2% |
| Working capital & other | $2.8M | −$1.0M | $3.8M | — |
| Operating cash flow | $1.3M | −$1.7M | $3.0M | — |
| Free cash flow (OCF − capex) | $100K | −$1.8M | $1.9M | — |
| Capital expenditures | $1.2M | $139K | $1.0M | +750% |
Questions
How much did Greenland Technologies Holding's revenue grow year over year in Q2 2026?
Greenland Technologies Holding's revenue rose $8.2M (+38%) from $21.7M in Q2 2025 to $29.9M in Q2 2026.
What drove Greenland Technologies Holding's revenue change in Q2 2026?
Transmission boxes for Forklift +$8.1M (+39%); Transmission boxes for Non-Forklift (EV, etc.) +$41K (+6%).