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Greenlane Holdings, Inc. key statistics and ratios

In fiscal 2025, Greenlane Holdings, Inc. had an operating margin of -1245.6% and a current ratio of 5.01. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin20.0%16.8%16.5%20.4%18.2%27.3%47.3%——
Operating margin−1.4%−13.5%−35.4%−31.7%−134.3%−39.9%−89.0%<−999%<−999%
Net margin−3.3%−15.6%−10.5%−18.4%−123.7%−49.2%−132.9%<−999%<−999%
Free-cash-flow margin−13.7%−21.0%−10.2%−25.1%−21.3%−4.3%−52.7%−375.6%−588.4%
Return on equity——−77.5%−32.3%−158.8%−128.5%———
Return on assets−7.5%−24.9%−10.5%−15.0%−90.3%−50.4%−52.9%−165.3%−227.6%
Asset turnover2.291.601.000.810.731.020.400.080.05
Current ratio1.884.382.301.762.151.141.075.012.36
Debt to equity—37.9%55.1%19.6%54.8%130.9%238.7%—0.0%
Interest cover (operating income ÷ interest)n/mn/mn/mn/mn/mn/mn/mn/m—
Capital spending as % of revenue6.1%1.1%1.3%2.6%2.0%1.5%1.8%2.3%0.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $32m
Short-term assets $15mLonger-term assets $17m
What it owes, and who funded it · $32m
Short-term liabilities $7mLonger-term liabilities $0mShareholders' equity $25m
  • Short-term assets cover short-term liabilities $15m of assets due within a year against $7m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $15m short-term assets against $0 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$57m against −$53,000 of interest.

From Greenlane Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

8 /100

Weak moat

How hard Greenlane Holdings's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -58.8% of total assets over 8 years.

  • Pricing power 0 / 20

    Gross margin has been a median 18.5%, moving by 172.1 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -48.9%; its worst year was -2151.4%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 8 years, at a median -20.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (12 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: BGMS vs GNLNCTNT vs GNLNGNLN vs INEO

More: Distributors stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Greenlane Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Greenlane Holdings, Inc.