Greenlane Holdings Inc. (GNLN) Financial Statements (2025 and earlier)

Company Profile

Business Address 1095 BROKEN SOUND PARKWAY
BOCA RATON, FL 33487
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5099 - Durable Goods, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4636,45812,85730,43547,773
Cash and cash equivalents4636,45812,85730,43547,773
Restricted cash and investments  5,718   
Receivables1,7716,61114,83310,7218,091
Inventory, net of allowances, customer advances and progress billings20,52940,64366,98236,06443,060
Inventory20,52940,64366,98236,06443,060
Prepaid expense1,2071,2932,7261,542 
Contract with customer, asset, after allowance for credit loss     3,200
Deferred costs     
Other current assets3,3192,7164,1184,9594,924
Other undisclosed current assets2,48013,26423,22112,3627,920
Total current assets:29,76976,703124,73796,083114,968
Noncurrent Assets
Operating lease, right-of-use asset1,9363,4429,1283,1044,695
Property, plant and equipment2,476  12,20113,165
Long-term investments and receivables    2,0002,000
Long-term investments    2,0002,000
Intangible assets, net (including goodwill)   126,5709,22518,283
Goodwill   41,8603,28011,982
Intangible assets, net (excluding goodwill)   84,7105,9456,301
Other noncurrent assets3,912    
Other undisclosed noncurrent assets  9,54025,3923791
Total noncurrent assets:8,32412,982161,09026,56738,234
TOTAL ASSETS:38,09389,685285,827122,650153,202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,15926,83548,16937,79521,732
Accounts payable12,10314,95323,04118,40511,310
Accrued liabilities3,05611,88225,12819,39010,422
Deferred revenue  3,9837,9242,7293,152
Debt7,2903,31311,7843661,378
Other undisclosed current liabilities3,6411,5283,091966 
Total current liabilities:26,09035,65970,96841,85626,262
Noncurrent Liabilities
Long-term debt and lease obligation  13,06916,8212,72912,056
Long-term debt, excluding current maturities  13,04010,607 8,018
Finance lease, liability  2972205194
Liabilities, other than long-term debt1,0111,8871,216  
Other liabilities 1    
Operating lease, liability1,0101,8876,1422,5243,844
Business combination, contingent consideration, liability   1,216  
Other undisclosed noncurrent liabilities  794586,284620
Total noncurrent liabilities:1,01115,03518,49511,53712,676
Total liabilities:27,10150,69489,46353,39338,938
Equity
Equity, attributable to parent, including:11,12438,973174,52815,06522,416
Common stock    13398
Additional paid in capital268,132263,880228,89439,74232,108
Accumulated other comprehensive income (loss)2455532429(72)
Accumulated deficit(257,289)(225,114)(55,544)(24,848)(9,727)
Other undisclosed equity, attributable to parent3615285499
Equity, attributable to noncontrolling interest(132)1821,83654,19291,848
Total equity:10,99238,991196,36469,257114,264
TOTAL LIABILITIES AND EQUITY:38,09389,685285,827122,650153,202

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues65,373137,085166,060138,304185,006
Cost of revenue
(Cost of Goods and Services Sold)
(47,547)(112,102)(138,381)(115,539)(153,916)
Gross profit:17,82624,98327,67922,76531,090
Operating expenses(43,910)(209,085)(80,401)(71,740)(56,014)
Operating loss:(26,084)(184,102)(52,722)(48,975)(24,924)
Nonoperating income (expense)(6,241)1,863(691)1,465(3,965)
Other nonoperating income (expense)(791)(541)(117)1,9029,073
Interest and debt expense (2,450)(574)(437)(975)
Other undisclosed income from continuing operations before equity method investments, income taxes   437975
Loss from continuing operations before equity method investments, income taxes:(32,325)(184,689)(53,987)(47,510)(28,889)
Other undisclosed income (loss) from continuing operations before income taxes 2,450574  
Loss from continuing operations before income taxes:(32,325)(182,239)(53,413)(47,510)(28,889)
Income tax expense (benefit)  13(10)(194)(10,935)
Other undisclosed loss from continuing operations     
Loss from continuing operations:(32,325)(182,226)(53,423)(47,704)(39,824)
Loss before gain (loss) on sale of properties:(53,423)(47,704)(39,824)
Net loss:(32,325)(182,226)(53,423)(47,704)(39,824)
Net income attributable to noncontrolling interest15012,71722,84033,18711,008
Net loss attributable to parent:(32,175)(169,509)(30,583)(14,517)(28,816)
Other undisclosed net income (loss) available to common stockholders, basic   (33,187) 
Net loss available to common stockholders, basic:(32,175)(169,509)(30,583)(47,704)(28,816)
Other undisclosed net loss available to common stockholders, diluted(388)    
Net loss available to common stockholders, diluted:(32,563)(169,509)(30,583)(47,704)(28,816)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(32,325)(182,226)(53,423)(47,704)(39,824)
Other comprehensive income   491196 
Other undisclosed comprehensive income (loss)190(185) (1)11,020
Comprehensive loss:(32,135)(182,411)(52,932)(47,509)(28,804)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest15012,63322,64433,092(11,033)
Other undisclosed comprehensive loss, net of tax, attributable to parent     
Comprehensive loss, net of tax, attributable to parent:(31,985)(169,778)(30,288)(14,417)(39,837)

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.

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