Refile: Greenlane Q1 revenue falls as legacy sales drop; co regained Nasdaq listing compliance

Greenlane Holdings

15/05/2026 21:22

Corrects to fix typographical error in headline

Overview

US digital asset treasury firm's Q1 revenue fell 70% yr/yr, driven by lower legacy sales

Company posted wider Q1 operating loss, impacted by elevated non-recurring legal and advisory costs

Subsequent to Q1, company regained Nasdaq listing compliance after reverse stock split completed in April 2026

Outlook

Greenlane remains focused on disciplined execution of its BERA digital asset strategy

Result Drivers

STAKING REVENUE - Staking revenue from participation in Berachain’s Proof of Liquidity consensus mechanism partially offset lower legacy sales

ELEVATED LEGAL AND ADVISORY COSTS - Higher non-recurring legal, professional, and advisory expenses related to strategic transition and compliance matters weighed on results

DIGITAL ASSET VALUATION LOSS - Non-cash loss recognized from decline in fair value of BERA tokens due to market fluctuations

Company press release: ID:nGNX6LsTCQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$448,000
Q1 Net Income
-$18.36 mln
Q1 Operating Expenses
$5.79 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.)