Greenlane Holdings, Inc. (GNLN) AI Stock Analysis
GNLN AI stock analysis summary
AI ResearchGreenlane Holdings, Inc. (GNLN) develops and distributes cannabis accessories, packaging, vape solutions, and lifestyle products. The company has seen revenue shrink from $166.1M in FY2021 to $4.4M in FY2025, alongside significant operating losses including a net income of -$85.6M in FY2025. With a market capitalization of $1.4M and cash and short-term investments of $14.1M as of June 30, 2026, the stock has dropped 93.5% over the past year.
- Market cap
- $1.4M
- Revenue (TTM)
- $2.2M
- P/E
- 0.4x fwd 192.3x
- 1Y return
- -93.5% S&P 500 16.8%
- Avg. target
- $7.90 283.5% vs last close
Bull case
- Greenlane held $14.1M in cash and short-term investments as of June 30, 2026, surpassing its market capitalization of $1.4M.
- The stock has a mean analyst price target of $7.90, representing a 283.5% premium to its last close of $2.06.
- The company maintains a liquid short-term financial profile with a current ratio of 2.36 as of June 30, 2026.
Bear case
- Annual revenue plummeted from $166.1M in FY2021 to $4.4M in FY2025, and fell a further 89.6% year-over-year in the quarter ended June 30, 2026.
- The business burned $16.4M in free cash flow during FY2025 and posted an operating margin of -4004.9% over the trailing twelve months.
- Shareholder equity has faced severe dilution, marked by a 5-year share count change of 2048750.0%.
What Greenlane does
Greenlane Holdings, Inc. develops and distributes cannabis-related accessories, child-resistant packaging, vape solutions, and lifestyle goods across the United States, Canada, and Europe. Operating through Consumer Goods and Industrial Goods segments, it offers consumption accessories, vaporizers, pipes, rolling papers, grinders, bubblers, rigs, and apparel. Its proprietary and distributed portfolio includes brands such as VIBES rolling papers, Pollen Gear, Marley Natural, Aerospaced & Groove grinders, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers. Greenlane operates multiple e-commerce websites and distributes products to approximately 8,500 smoke shops, cannabis dispensaries, and specialty retailers.
Growth and profitability
Greenlane's top line has contracted sharply over the past several fiscal years, generating a 5-year revenue CAGR of -49.9% from FY2020 to FY2025. Annual revenue decreased from $166.1M in FY2021 to $137.1M in FY2022, remained flat at $137.1M in FY2023, fell 90.3% to $13.3M in FY2024, and dropped 67.2% to $4.4M in FY2025. Gross margin deteriorated from 20.4% in FY2021 to -286.2% in FY2025, while net income stood at -$85.6M in FY2025. For the trailing twelve months ended June 30, 2026, revenue was $2.2M, with quarterly revenue falling 89.6% year-over-year and operating margin at -4004.9%.
Balance sheet and cash flow
As of June 30, 2026, Greenlane held $14.1M in cash and short-term investments, with total assets of $32.0M and shareholders' equity of $25.5M. The company reported a current ratio of 2.36. Cash generation remains negative, with an operating cash flow of -$16.3M and free cash flow of -$16.4M in FY2025. Capital expenditures for FY2025 were $98,000. Over a five-year period, the company's share count expanded by 2048750.0%.
Valuation and performance
At its last closing price of $2.06, Greenlane has a market capitalization of $1.4M and an enterprise value of -$30.5M. The stock trades at a price-to-sales multiple of 0.6x, compared to 0.7x for the median of its US-listed Consumer Defensive peers. Its forward P/E ratio is 192.3x, well above the peer group median of 14.3x, while its enterprise value to EBITDA ratio is 0.3x versus the peer median of 11.7x. Over the past year, Greenlane shares returned -93.5%, underperforming the S&P 500 benchmark return of 16.8%.
What analysts expect
Wall Street analysts have set a mean price target of $7.90 for Greenlane, which is 283.5% above its last closing price of $2.06. Over the last four quarters, the company met or exceeded consensus EPS expectations in 2 quarters. Trailing twelve months EPS stood at $5.56. Greenlane is scheduled to announce its next quarterly earnings results on November 13, 2026.
Key risks and what to watch
- A 5-year revenue CAGR of -49.9% demonstrates sustained top-line erosion across its operations.
- Operating cash flow of -$16.3M in FY2025 highlights continued reliance on cash reserves to sustain operations.
- With a beta of 2.06 and a 1-year return of -93.5%, the stock exhibits high volatility compared to the broader market.
- Insider ownership of 4.6% and institutional ownership of 4.5% leave the stock with minimal backing from major investment firms.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this GNLN AI stock analysis
This page is an AI-written research summary of Greenlane Holdings, Inc. (GNLN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: GNLN income statement, GNLN balance sheet, GNLN key metrics, GNLN chart. See the GNLN stock overview for the latest quote and news.
GNLN AI stock analysis FAQ
What does Greenlane Holdings do?
Greenlane Holdings distributes cannabis accessories, vaporizers, packaging, and lifestyle products to about 8,500 dispensaries, smoke shops, and retailers, as well as directly through e-commerce channels.
What is Greenlane's cash balance?
As of June 30, 2026, Greenlane reported $14.1M in cash and short-term investments, with total assets of $32.0M.
Does Greenlane pay a dividend?
No, Greenlane does not pay a dividend.
What is the consensus analyst price target for GNLN?
Analysts have a mean price target of $7.90, which is 283.5% above its closing price of $2.06 on October 16, 2026.
When does Greenlane report its next earnings?
Greenlane's next earnings report is scheduled for November 13, 2026.