Filing Flows › Greenland Technologies Holding (GTEC) › How it makes money
How Greenland Technologies Holding (GTEC) makes money
Greenland Technologies Holding (GTEC) made $29.9M of revenue in the second quarter 2026 (Q2 2026), +38% from a year earlier. Transmission boxes for Forklift brought in $29.1M (98%); Transmission boxes for Non-Forklift (EV, etc.) brought in $738K (2%). Of every dollar of revenue, 32¢ was left as gross profit, 20¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Transmission boxes for Forklift | $29.1M | 97.5% | +17% | +39% |
| Transmission boxes for Non-Forklift (EV, etc.) | $738K | 2.5% | +19% | +6% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $29.9M | 100.0% |
| Cost of revenue | $20.3M | 68.1% |
| Gross profit | $9.5M | 31.9% |
| Operating expenses | $3.6M | 11.9% |
| Operating profit | $6.0M | 20.0% |
| Income tax | $1.2M | 4.1% |
| Net earnings | $3.5M | 11.7% |
| Operating cash flow | $1.3M | 4.3% |
| Free cash flow | $100K | 0.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $29.9M | +38% |
| Q1 2026 | $25.5M | +18% |
| Q4 2025 | $23.9M | +23% |
| Q3 2025 | $23.4M | +24% |
| Q2 2025 | $21.7M | -6% |
| Q1 2025 | $21.7M | -5% |
| Q4 2024 | $19.4M | -15% |
From Greenland Technologies Holding's 10-Q filed Aug 14, 2026 (on EDGAR).
Questions
How does Greenland Technologies Holding make money?
Greenland Technologies Holding (GTEC) made $29.9M of revenue in the second quarter 2026 (Q2 2026), +38% from a year earlier. Transmission boxes for Forklift brought in $29.1M (98%); Transmission boxes for Non-Forklift (EV, etc.) brought in $738K (2%). Of every dollar of revenue, 32¢ was left as gross profit, 20¢ was left as operating profit, 12¢ was left as net earnings.
What is Greenland Technologies Holding's biggest business?
Transmission boxes for Forklift: $29.1M in the second quarter 2026, 98% of revenue, +39% from a year earlier.
What is Greenland Technologies Holding's profit margin?
Net earnings were $3.5M, 11.7% of revenue, in the second quarter 2026; the operating margin was 20.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.