Greenlane Q2 revenue slumps amid decline in legacy sales

Greenlane Holdings

14/08/2026 21:26

Overview
US digital asset treasury firm's Q2 revenue fell 90% yr/yr as legacy sales declined
Operating expenses dropped 37% sequentially as company reduced headcount and costs
Net loss widened, driven by a $19 mln decline in fair value of digital assets

Outlook
Greenlane says it remains focused on disciplined execution of its BERA Strategy and cost discipline
Company is monitoring Nasdaq listing status and evaluating alternatives to increase market value of listed securities

Result Drivers
COST CUTS - Operating expenses fell 37% sequentially, mainly due to reduced headcount and cost alignment
DIGITAL ASSET LOSSES - Fair value of BERA holdings declined by $19 mln in Q2, reflecting lower market prices
LEGACY SALES DECLINE - Net revenue dropped 90% yr/yr as legacy wholesale and distribution sales continued to fall

Company press release: ID:nGNXLMsX6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$82,000
 
Q2 Net Loss
 
$24.83 mln
 
Q2 Operating Expenses
 
$3.63 mln
 

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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.)