Great Elm Group Q3 revenue rises

Great Elm

06/05/2026 21:30

Overview

US alternative asset manager's fiscal Q3 revenue rose 7% yr/yr

Company posted wider net loss, driven by unrealized losses on GECC investments

Repurchased over 4% of shares; buyback program expanded to $40 mln

Outlook

Company focused on selectively deploying capital and growing assets under management

Company maintains strong liquidity with over $45 mln cash to support growth initiatives

Result Drivers

UNREALIZED LOSSES - Co said wider net loss was primarily driven by unrealized losses on investments in GECC common stock and related SPVs

REAL ESTATE ACTIVITY - Monomoy REIT closed five acquisitions and increased property management fees, contributing to revenue growth

COREWEAVE INVESTMENT - Co recorded an unrealized gain from its CoreWeave-related investment, with cumulative distributions exceeding initial investment

Company press release: ID:nGNX8jHCSp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$3.42 mln
Q3 Net Income
-$13.52 mln
Q3 Adjusted EBITDA
-$1.60 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)