Great Elm Group Inc. (GEG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3801 PGA BOULEVARD PALM BEACH GARDENS, FL 33410 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 6/30/2024 | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 48,147 | 39,068 | 60,165 | 23,595 | 24,382 | |||
| Cash and cash equivalents | 48,147 | 39,068 | 60,165 | 23,595 | 24,382 | |||
| Restricted cash and investments | 1,571 | |||||||
| Receivables | 3,308 | 8,712 | 8,483 | |||||
| Inventory, net of allowances, customer advances and progress billings | 898 | 1,066 | ||||||
| Inventory | 898 | 1,066 | ||||||
| Other undisclosed current assets | 77,852 | 95,216 | 59,665 | 51,235 | 54,603 | |||
| Total current assets: | 127,570 | 134,284 | 123,138 | 84,440 | 88,534 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 225 | 322 | 497 | 3,722 | 5,241 | |||
| Property, plant and equipment | 538 | 981 | ||||||
| Intangible assets, net (including goodwill) | 11,037 | 11,563 | 12,115 | 71,634 | 59,464 | |||
| Goodwill | 52,463 | 50,536 | ||||||
| Intangible assets, net (excluding goodwill) | 11,037 | 11,563 | 12,115 | 19,171 | 8,928 | |||
| Other noncurrent assets | 1,614 | 54 | 143 | 249 | 258 | |||
| Other undisclosed noncurrent assets | 7,504 | 7,391 | ||||||
| Total noncurrent assets: | 12,876 | 11,939 | 12,755 | 83,647 | 73,335 | |||
| TOTAL ASSETS: | 140,446 | 146,223 | 135,893 | 168,087 | 161,869 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 4,497 | 3,907 | 6,038 | 5,521 | ||||
| Accounts payable | 191 | 6,038 | 5,521 | |||||
| Accrued liabilities | 4,497 | 3,716 | ||||||
| Deferred revenue | 1,218 | 4,438 | ||||||
| Restructuring reserve | 208 | |||||||
| Business combination, contingent consideration, liability | 428 | 962 | 1,767 | 271 | ||||
| Due to related parties | ✕ | ✕ | ✕ | 1,409 | 486 | |||
| Other undisclosed current liabilities | 3,434 | 5,922 | 1,853 | 10,185 | 22,775 | |||
| Total current liabilities: | 8,359 | 6,884 | 7,377 | 19,694 | 33,005 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 60,990 | 64,083 | 62,937 | 63,094 | 25,650 | |||
| Long-term debt, excluding current maturities | 60,990 | 64,083 | 62,937 | 60,719 | 22,054 | |||
| Liabilities, other than long-term debt | 902 | 649 | 1,737 | 8,298 | 1,070 | |||
| Due to related parties | ✕ | ✕ | ✕ | 926 | 7,390 | |||
| Other liabilities | 845 | 611 | 669 | 908 | 1,070 | |||
| Operating lease, liability | 57 | 38 | 142 | 2,375 | 3,596 | |||
| Other undisclosed noncurrent liabilities | 34,747 | 35,596 | ||||||
| Total noncurrent liabilities: | 61,892 | 64,732 | 64,674 | 106,139 | 62,316 | |||
| Total liabilities: | 70,251 | 71,616 | 72,051 | 125,833 | 95,321 | |||
| Temporary equity, carrying amount | 2,225 | 2,639 | ||||||
| Equity | ||||||||
| Equity, attributable to parent | 62,714 | 67,596 | 63,842 | 33,496 | 54,360 | |||
| Common stock | 30 | 30 | 30 | 29 | 26 | |||
| Additional paid in capital | 3,315,638 | 3,316,708 | 3,315,378 | 3,312,763 | 3,319,767 | |||
| Accumulated deficit | (3,252,954) | (3,249,142) | (3,251,566) | (3,279,296) | (3,265,433) | |||
| Equity, attributable to noncontrolling interest | 7,481 | 7,011 | 6,533 | 9,549 | ||||
| Total equity: | 70,195 | 74,607 | 63,842 | 40,029 | 63,909 | |||
| TOTAL LIABILITIES AND EQUITY: | 140,446 | 146,223 | 135,893 | 168,087 | 161,869 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 17,834 | 11,053 | 8,663 | 67,974 | 60,853 | ||
| Operating lease, lease income | 21,738 | ||||||
| Realized investment gains (losses) | (79) | (447) | 4,299 | (137) | |||
| Cost of revenue | (5,526) | (46) | (29,614) | (26,481) | |||
| Gross profit: | 12,308 | 11,053 | 8,617 | 38,360 | 34,372 | ||
| Operating expenses | (20,146) | (21,666) | (19,828) | (42,467) | (38,109) | ||
| Operating loss: | (7,838) | (10,613) | (11,211) | (4,107) | (3,737) | ||
| Nonoperating income (expense) | 8,057 | 7,355 | 16,733 | (10,909) | (3,778) | ||
| Investment income, nonoperating | 8,057 | 7,355 | 16,733 | ||||
| Other nonoperating income (expense) | (5,123) | 1,842 | |||||
| Interest and debt expense | (4,334) | (4,268) | (6,074) | (190) | (1,866) | ||
| Loss from continuing operations before equity method investments, income taxes: | (4,115) | (7,526) | (552) | (15,206) | (9,381) | ||
| Other undisclosed income from continuing operations before income taxes | 3,274 | 4,532 | 15,231 | 190 | 1,866 | ||
| Income (loss) from continuing operations before income taxes: | (841) | (2,994) | 14,679 | (15,016) | (7,515) | ||
| Income tax expense | (101) | (198) | (200) | (21) | (1,813) | ||
| Other undisclosed loss from continuing operations | |||||||
| Income (loss) from continuing operations: | (942) | (3,192) | 14,479 | (15,037) | (9,328) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (15,037) | (8,679) | |
| Income from discontinued operations | 16 | 12,218 | 13,201 | 649 | |||
| Net income (loss): | (926) | 9,026 | 27,680 | (15,037) | (8,679) | ||
| Net income (loss) attributable to noncontrolling interest | (462) | 50 | 144 | 595 | |||
| Other undisclosed net loss attributable to parent | (111) | ||||||
| Net income (loss) available to common stockholders, basic: | (1,388) | 8,915 | 27,730 | (14,893) | (8,084) | ||
| Interest on convertible debt | 995 | 1,943 | |||||
| Net income (loss) available to common stockholders, diluted: | (1,388) | 9,910 | 29,673 | (14,893) | (8,084) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (926) | 9,026 | 27,680 | (15,037) | (8,679) | ||
| Comprehensive income (loss): | (926) | 9,026 | 27,680 | (15,037) | (8,679) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (462) | 50 | 144 | 595 | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,388) | 9,026 | 27,730 | (14,893) | (8,084) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.