Filing Flows › Greenland Technologies Holding (GTEC) › Q4 2025
Greenland Technologies Holding (GTEC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 23, 2026
Greenland Technologies Holding (GTEC) reported revenue of $23.9M for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +2% from the quarter before. Operating margin was -0.1%, net earnings $210K (0.9% of revenue).
Greenland Technologies Holding, Q4 2025: revenue $23.9M (+23% year over year), operating margin -0.1%, net earnings $210K, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.9M | +2% | +23% |
| Operating profit | −$29K | -101% | -101% |
| Net earnings | $210K | -96% | -97% |
| Operating cash flow | $7.8M | -5% | +79% |
| Free cash flow | $7.5M | -7% | +98% |
What changed
Revenue was $23.9M in Q4 2025, up 23% year over year and up 2% from the previous quarter. Transmission Boxes for Forklift was the largest line at 97% of revenue.
Gross margin was 35.4%, up 8.8 points from Q4 2024. Operating costs exceeded revenue by $29K, an operating margin of -0.1%. Operating expenses grew 510% against revenue growth of 23%. Net earnings were −$1.6M. The effective tax rate was 80.5%. Non-operating items added $1.1M, 103% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.8M (up 79% year over year), 3728% of net income including minority interests. Non-cash charges added back $849K of depreciation and amortization. Working capital and other items added $6.8M. Capital expenditures of $260K left free cash flow of $7.5M.
Questions
What was Greenland Technologies Holding's revenue in the fourth quarter 2025?
Greenland Technologies Holding (GTEC) reported revenue of $23.9M for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +2% from the quarter before.
Was Greenland Technologies Holding profitable in the fourth quarter 2025?
Operating loss was $29K (-0.1% of revenue) and net earnings $210K.