Greenlane Holdings, Inc. income statement
In fiscal 2025, Greenlane Holdings, Inc. reported revenue of $4.4m, down 67.2% on the year before, operating income of −$54.2m (a -1245.6% margin) and net income of −$85.6m, or −$11.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 179 | 185 | 138 | 166 | 137 | 65 | 13 | 4 | 3 |
| Cost of revenue | 143 | 154 | 116 | 132 | 112 | 48 | 7 | 17 | 16 |
| Gross profit | 36 | 31 | 23 | 34 | 25 | 18 | 6 | −12 | −13 |
| General and administrative | 18 | 24 | 35 | 48 | 41 | 24 | 10 | 11 | 13 |
| Operating income | −2 | −25 | −49 | −53 | −184 | −26 | −12 | −54 | −57 |
| Interest expense | 3 | 1 | 0 | 1 | 2 | 5 | 6 | 0 | −0 |
| Income before tax | −6 | −29 | −48 | −53 | −182 | −32 | −18 | −86 | −122 |
| Income tax | 0 | 11 | 0 | 0 | −0 | — | — | 0 | — |
| Net income | −6 | −29 | −15 | −31 | −170 | −32 | −18 | −86 | −122 |
| Diluted EPS | — | −$384.00 | −$488.00 | −$31.70 | −$45.02 | −$8.16 | −$14.56 | −$11.42 | — |
| Diluted shares (average) | — | — | — | — | — | — | 1m | 7m | — |
| EBITDA | −1 | −22 | −46 | −48 | −177 | −24 | −11 | −54 | −56 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 2 | 1 | 1 | 1 | 1 | 0 | 0 |
| Cost of revenue | 1 | 1 | 1 | 1 | 6 | 9 | 0 | 0 |
| Gross profit | 3 | 1 | 1 | 0 | −5 | −8 | 0 | 0 |
| General and administrative | 2 | 3 | 3 | 2 | 2 | 4 | 4 | 3 |
| Operating income | −1 | −4 | −3 | −3 | −9 | −39 | −6 | −3 |
| Interest expense | 3 | 2 | 0 | 0 | 0 | 0 | −0 | −0 |
| Income before tax | −4 | −9 | −4 | −3 | −9 | −70 | −18 | −25 |
| Income tax | — | — | — | — | — | — | — | −0 |
| Net income | −4 | −9 | −4 | −3 | −9 | −70 | −18 | −25 |
| Diluted EPS | −$5484.67 | $12030.28 | −$2.54 | −$25.46 | −$6.44 | $8.46 | −$4.49 | −$6.06 |
| EBITDA | −0 | −4 | −3 | −3 | −9 | −38 | −5 | −3 |
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