Great Elm Group, Inc. (GEG) Balance Sheet
GEG balance sheet, FY2026
June 30, 2026 · U.S. dollars$113.7M assets = $72.9M liabilities + $40.8M equity
Both columns are drawn to the same scale: what GEG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GEG financial health
Debt / equity1.58
High leverage · $1.58 of debt for each $1 of equity
Equity / assets35.9%
Balanced · of assets funded by shareholders
Cash / debt142.2%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles10.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
GEG balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $76.7MFY2017 | $113.7MFY2026 | +4.5%/yr | |
| Total liabilities | $10.5MFY2017 | $72.9MFY2026 | +24.0%/yr | |
| Shareholders’ equity | $66.2MFY2017 | $40.8MFY2026 | −5.2%/yr | |
| Cash & short-term investments | $66.8MFY2017 | $91.5MFY2026 | +3.6%/yr | |
| Total debt | $5.2MFY2017 | $64.4MFY2026 | +32.2%/yr | |
| Net cash (debt) | $61.5MFY2017 | $27.2MFY2026 | −$34.4M | |
| Working capital | $62.3MFY2017 | $91.9MFY2026 | +$29.6M | |
| Book value per share | $4.03FY2017 | $1.35FY2026 | −11.5%/yr | |
| Debt / equity | 0.08FY2017 | 1.58FY2026 | +1.50 | |
| Shares outstanding | 16.4MFY2017 | 30.3MFY2026 | +7.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GEG assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
GEG liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
GEG debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GEG balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $91.5M | $109.5M | $116.5M | $117.4M | $72.1M | $74.9M | $49.2M | $29.2M | $61.1M | $66.8M |
| Cash & equivalents | $53.5M | $34.5M | $50.5M | $60.2M | $22.3M | $24.4M | $40.5M | $12.1M | $43.0M | $45.9M |
| Short-term investments | $38.0M | $74.9M | $66.0M | $57.2M | $49.8M | $50.5M | $8.7M | $17.1M | $18.2M | $20.9M |
| Receivables | $4.0M | $4.5M | $2.3M | $3.3M | $2.4M | $8.2M | $9.1M | $10.3M | $1.3M | $712,000 |
| Inventory | $2.4M | $9.1M | $5.8M | $1.7M | $898,000 | $1.1M | $1.5M | $1.3M | $578,000 | $1 |
| Other current assets | $1.7M | $14.9M | $3.0M | $717,000 | $9.0M | $4.4M | $1.6M | $1.6M | $544,000 | $521,999 |
| Total current assets | $99.6M | $137.9M | $127.6M | $123.1M | $84.4M | $88.5M | $61.3M | $42.4M | $63.6M | $68.0M |
| Property, plant & equipment (net) | $1.2M | $1.6M | $225,000 | $497,000 | $733,000 | $13.6M | $14.3M | $16.7M | $1.6M | $1.7M |
| Goodwill & intangible assets | $11.3M | $12.4M | $11.0M | $12.1M | $65.7M | $59.5M | $65.1M | $68.0M | $9.4M | $4.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.9M | $2.8M |
| Other non-current assets | $1.5M | $2.0M | $1.6M | $143,000 | $17.2M | $258,000 | $54.7M | $55.6M | $56.1M | $92,000 |
| Total assets | $113.7M | $153.9M | $140.4M | $135.9M | $168.1M | $161.9M | $195.4M | $182.7M | $133.6M | $76.7M |
| Liabilities | ||||||||||
| Accounts payable | $1.2M | $1.0M | $317,000 | $191,000 | $8,000 | $5.5M | $5.0M | $5.2M | $32,000 | $52,000 |
| Short-term debt | $337,000 | $355,000 | $137,000 | $359,000 | $3.3M | $3.9M | $12.8M | $7.0M | $2.3M | $671,000 |
| Deferred revenue | — | — | $7.9M | $6.7M | $1.2M | $4.4M | $5.7M | $879,000 | $2.5M | $1.4M |
| Total current liabilities | $7.7M | $9.6M | $8.4M | $7.4M | $19.7M | $33.0M | $25.5M | $18.1M | $8.5M | $5.7M |
| Long-term debt | $63.1M | $61.0M | $61.0M | $62.9M | $67.0M | $22.1M | $17.4M | $61.6M | $55.6M | $1.6M |
| Lease obligations | $1.3M | $1.6M | $194,000 | $501,000 | $3.9M | $5.5M | $5.7M | $6.5M | $1.6M | $1.6M |
| Other long-term liabilities | $2.0M | $2.7M | $902,000 | $1.7M | $39.1M | $51.3M | $87.8M | $37.9M | $4.9M | $3.1M |
| Total liabilities | $72.9M | $73.3M | $70.3M | $72.1M | $125.8M | $106.4M | $130.8M | $117.6M | $69.0M | $10.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $27,000 | $25,000 | $30,000 | $30,000 | $29,000 | $26,000 | $26,000 | $25,000 | $3.30B | $3.29B |
| Retained earnings (deficit) | −$3.28B | −$3.24B | −$3.25B | −$3.25B | −$3.28B | −$3.26B | −$3.26B | −$3.24B | −$3.24B | −$3.23B |
| Treasury stock | — | — | — | — | — | — | — | — | −$93,000 | −$93,000 |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | −$7.3M | −$4.5M | −$31,000 | $234,000 |
| Minority interest | $0 | $10.3M | $7.5M | $0 | — | — | $3.9M | $4.0M | $222,000 | −$10,000 |
| Total shareholders' equity | $40.8M | $70.3M | $62.7M | $63.8M | $33.5M | $43.2M | $60.8M | $61.1M | $64.4M | $66.2M |
| Key figures | ||||||||||
| Total debt | $64.4M | $62.6M | $61.2M | $63.4M | $70.8M | $40.9M | $113.7M | $102.2M | $62.5M | $5.2M |
| Net cash (debt) | $27.2M | $46.9M | $55.3M | $53.9M | $1.3M | $34.0M | −$64.5M | −$72.9M | −$1.4M | $61.5M |
| Working capital | $91.9M | $128.3M | $119.2M | $115.8M | $64.7M | $55.5M | $35.8M | $24.3M | $55.1M | $62.3M |
| Tangible book value | $29.5M | $57.9M | $51.7M | $51.7M | −$32.2M | −$16.2M | −$4.3M | −$6.9M | $55.0M | $62.1M |
| Book value per share | $1.35 | $1.81 | $2.09 | $1.56 | $1.25 | $1.68 | $2.39 | $2.42 | $2.65 | $4.03 |
| Shares outstanding | 30.3M | 38.8M | 30.0M | 41.0M | 26.8M | 25.7M | 25.4M | 25.2M | 24.3M | 16.4M |
| Current ratio | 12.89 | 14.34 | 15.26 | 16.69 | 4.29 | 2.68 | 2.40 | 2.35 | 7.47 | 11.87 |
| Quick ratio | 12.36 | 11.85 | 14.21 | 16.36 | 3.79 | 2.52 | 2.28 | 2.19 | 7.34 | 11.78 |
| Debt / equity | 1.58 | 0.89 | 0.98 | 0.99 | 2.11 | 0.95 | 1.87 | 1.67 | 0.97 | 0.08 |
| Equity / assets | 35.9% | 45.7% | 44.7% | 47.0% | 19.9% | 26.7% | 31.1% | 33.4% | 48.2% | 86.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $91.5M | $83.9M | $105.3M | $125.8M | $109.5M | $94.0M | $108.7M | $113.3M | $116.5M | $121.1M | $122.8M | $113.7M |
| Cash & equivalents | $53.5M | $47.0M | $57.6M | $58.5M | $34.5M | $34.7M | $46.9M | $46.4M | $50.5M | $49.5M | $49.1M | $41.1M |
| Short-term investments | $38.0M | $36.9M | $47.8M | $67.3M | $74.9M | $59.3M | $61.8M | $66.9M | $66.0M | $71.6M | $73.7M | $72.6M |
| Receivables | $4.0M | $4.2M | $3.6M | $4.9M | $4.5M | $15.7M | $3.7M | $2.9M | $2.3M | $2.2M | $1.9M | $2.8M |
| Inventory | $2.4M | $7.2M | $6.1M | $4.5M | $9.1M | $8.0M | $6.5M | $5.8M | $5.8M | $8.1M | $4.9M | $3.1M |
| Other current assets | $1.7M | $1.9M | $5.4M | $4.3M | $14.9M | $3.3M | $5.5M | $2.7M | $3.0M | $5.3M | $4.6M | $4.2M |
| Total current assets | $99.6M | $97.2M | $120.5M | $139.6M | $137.9M | $121.1M | $124.4M | $124.7M | $127.6M | $136.7M | $134.3M | $123.8M |
| Property, plant & equipment (net) | $1.2M | $1.3M | $1.4M | $1.5M | $1.6M | $1.7M | $1.8M | $141,000 | $225,000 | $230,000 | $322,000 | $411,000 |
| Goodwill & intangible assets | $11.3M | $11.6M | $11.9M | $12.2M | $12.4M | $12.7M | $10.5M | $10.8M | $11.0M | $11.3M | $11.6M | $11.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.5M | $1.6M | $1.7M | $1.7M | $2.0M | $1.7M | $1.8M | $1.7M | $1.6M | $150,000 | $54,000 | $143,000 |
| Total assets | $113.7M | $111.8M | $135.5M | $155.0M | $153.9M | $137.2M | $138.5M | $137.3M | $140.4M | $148.4M | $146.2M | $136.2M |
| Liabilities | ||||||||||||
| Accounts payable | $1.2M | $777,000 | $174,000 | $1.3M | $1.0M | $2.0M | $185,000 | $243,000 | $317,000 | $608,000 | $158,000 | $182,000 |
| Short-term debt | $337,000 | $346,000 | $355,000 | $364,000 | $355,000 | $346,000 | $335,000 | $64,000 | $137,000 | $183,000 | $271,000 | $356,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | $7.9M | — | — | — |
| Total current liabilities | $7.7M | $7.4M | $11.7M | $8.4M | $9.6M | $7.5M | $4.1M | $3.8M | $8.4M | $11.0M | $6.9M | $5.3M |
| Long-term debt | $63.1M | $62.1M | $62.0M | $61.1M | $61.0M | $62.2M | $62.1M | $61.1M | $61.0M | $64.2M | $64.1M | $63.0M |
| Lease obligations | $1.3M | $1.4M | $1.4M | $1.5M | $1.6M | $1.7M | $1.8M | $99,000 | $194,000 | $209,000 | $309,000 | $406,000 |
| Other long-term liabilities | $2.0M | $2.4M | $2.1M | $2.4M | $2.7M | $2.2M | $2.3M | $753,000 | $902,000 | $709,000 | $649,000 | $605,000 |
| Total liabilities | $72.9M | $71.9M | $75.8M | $71.9M | $73.3M | $71.9M | $68.4M | $65.7M | $70.3M | $75.9M | $71.6M | $68.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $27,000 | $28,000 | $29,000 | $30,000 | $25,000 | $25,000 | $26,000 | $28,000 | $30,000 | $30,000 | $30,000 | $30,000 |
| Retained earnings (deficit) | −$3.28B | −$3.28B | −$3.26B | −$3.25B | −$3.24B | −$3.25B | −$3.25B | −$3.25B | −$3.25B | −$3.25B | −$3.25B | −$3.25B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | $0 | — | — | $0 | — |
| Minority interest | $0 | $0 | $3.9M | $9.4M | $10.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $40.8M | $39.8M | $55.8M | $73.8M | $70.3M | $57.2M | $62.3M | $63.9M | $62.7M | $65.0M | $67.6M | $67.3M |
| Key figures | ||||||||||||
| Total debt | $64.4M | $63.5M | $63.5M | $62.6M | $62.6M | $63.9M | $63.8M | $61.2M | $61.2M | $64.4M | $64.4M | $63.4M |
| Net cash (debt) | $27.2M | $20.5M | $41.9M | $63.2M | $46.9M | $30.2M | $44.8M | $52.1M | $55.3M | $56.7M | $58.4M | $50.3M |
| Working capital | $91.9M | $89.8M | $108.8M | $131.2M | $128.3M | $113.6M | $120.3M | $120.8M | $119.2M | $125.7M | $127.4M | $118.6M |
| Tangible book value | $29.5M | $28.2M | $43.9M | $61.6M | $57.9M | $44.5M | $51.8M | $53.1M | $51.7M | $53.7M | $56.0M | $55.5M |
| Book value per share | $1.35 | $1.30 | $1.76 | $2.55 | $1.86 | $2.13 | $2.17 | $1.58 | $1.78 | $2.16 | $2.26 | $1.61 |
| Shares outstanding | 30.3M | 30.8M | 31.6M | 29.0M | 37.7M | 26.9M | 28.8M | 40.5M | 35.2M | 30.1M | 29.9M | 41.9M |
| Current ratio | 12.89 | 13.18 | 10.32 | 16.68 | 14.34 | 16.21 | 30.34 | 32.43 | 15.26 | 12.44 | 19.51 | 23.46 |
| Quick ratio | 12.36 | 11.95 | 9.33 | 15.62 | 11.85 | 14.70 | 27.41 | 30.23 | 14.21 | 11.22 | 18.12 | 22.07 |
| Debt / equity | 1.58 | 1.59 | 1.14 | 0.85 | 0.89 | 1.12 | 1.02 | 0.96 | 0.98 | 0.99 | 0.95 | 0.94 |
| Equity / assets | 35.9% | 35.6% | 41.2% | 47.6% | 45.7% | 41.7% | 45.0% | 46.6% | 44.7% | 43.8% | 46.2% | 49.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 26, 2026); data from EODHD.
GEG financial position
At the end of fiscal 2026 (June 30, 2026), Great Elm had total assets of $113.7 million (down 26.1% from a year earlier), total liabilities of $72.9 million and shareholders' equity of $40.8 million. It held $91.5 million in cash and short-term investments against $64.4 million of debt, a net cash position of $27.2 million. Its current ratio was 12.89.
Related: GEG income statement, GEG cash flow statement, GEG key metrics. See the GEG stock overview for the latest quote and news.
GEG balance sheet FAQ
What are Great Elm's total assets?
Great Elm reported total assets of $113.7 million at the end of fiscal 2026 (June 30, 2026), compared with $153.9 million a year earlier.
How much debt does Great Elm have?
Great Elm had $64.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.58.
How much cash does Great Elm have?
Great Elm held $91.5 million in cash and short-term investments at the end of fiscal 2026; with $64.4 million of debt that is net cash of $27.2 million.
What is Great Elm's book value?
Great Elm's shareholders' equity (book value) was $40.8 million at the end of fiscal 2026, or $1.35 per share.
What is Great Elm's current ratio?
Great Elm had current assets of $99.6 million and current liabilities of $7.7 million, a current ratio of 12.89 (it can cover its short-term obligations).
How much goodwill does Great Elm have?
Great Elm carried $11.3 million of goodwill and intangible assets, 10.0% of total assets, at the end of fiscal 2026.