Greenlane Holdings, Inc. (GNLN) Balance Sheet
GNLN balance sheet, 2025
December 31, 2025 · U.S. dollars$74.9M assets = $7.2M liabilities + $67.7M equity
Both columns are drawn to the same scale: what GNLN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GNLN financial health
Descriptive bands, not a rating. Fiscal 2025.
GNLN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $16.0M2016 | $74.9M2025 | +18.7%/yr | |
| Total liabilities | $8.6M2016 | $7.2M2025 | −1.9%/yr | |
| Shareholders’ equity | $7.4M2016 | $67.9M2025 | +27.8%/yr | |
| Cash & short-term investments | $1.7M2016 | $32.5M2025 | +38.9%/yr | |
| Total debt | $2.8M2016 | $166,0002025 | −27.0%/yr | |
| Net cash (debt) | −$1.1M2016 | $32.3M2025 | +$33.5M | |
| Working capital | $3.6M2016 | $28.9M2025 | +$25.3M | |
| Current ratio | 1.552016 | 5.012025 | +3.45 | |
| Debt / equity | 0.382016 | 0.002025 | −0.37 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GNLN assets
GNLN liabilities and equity
GNLN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GNLN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $32.5M | $899,000 | $6.5M | $6.5M | $12.9M | $30.4M | $47.8M | $7.3M | $2.1M | $1.7M |
| Cash & equivalents | $32.5M | $899,000 | $6.5M | $6.5M | $12.9M | $30.4M | $47.8M | $7.3M | $2.1M | $1.7M |
| Receivables | $2.1M | $4.3M | $13.6M | $13.6M | $19.5M | $10.7M | $8.1M | $8.2M | $3.8M | $1.3M |
| Inventory | $0 | $14.2M | $40.6M | $40.6M | $67.0M | $47.4M | $43.4M | $29.5M | $14.2M | $6.6M |
| Other current assets | $1.4M | $4.4M | $16.0M | $16.0M | $25.4M | $7.6M | $16.0M | $12.0M | $3.3M | $330,694 |
| Total current assets | $36.1M | $23.8M | $76.7M | $76.7M | $124.7M | $96.1M | $115.3M | $57.1M | $23.3M | $10.0M |
| Property, plant & equipment (net) | $397,000 | $2.5M | $7.4M | $7.4M | $30.0M | $15.3M | $17.9M | $11.6M | $597,494 | $354,548 |
| Goodwill & intangible assets | $36.6M | $0 | $49.3M | $49.3M | $126.6M | $9.2M | $18.3M | $9.1M | $4.7M | $4.7M |
| Long-term investments | $36.6M | $0 | $0 | $0 | $0 | $0 | $0 | $75,000 | $915,920 | $893,595 |
| Other non-current assets | $0 | $2.4M | $0 | $0 | $4.5M | $2.0M | $2.1M | $92,080 | $63,952 | $0 |
| Total assets | $74.9M | $28.6M | $89.7M | $89.7M | $285.8M | $122.7M | $153.5M | $78.0M | $29.6M | $16.0M |
| Liabilities | ||||||||||
| Accounts payable | $5.4M | $9.8M | $15.0M | $15.0M | $23.0M | $18.4M | $11.3M | $20.2M | $15.5M | $4.6M |
| Short-term debt | $166,000 | $8.6M | $4.8M | $4.8M | $14.9M | $1.3M | $1.4M | $262,940 | $70,947 | $697,688 |
| Deferred revenue | — | $2.7M | $4.0M | $4.0M | $7.9M | $2.7M | $3.2M | $3.1M | $720,527 | $108,052 |
| Total current liabilities | $7.2M | $22.3M | $35.7M | $35.7M | $71.0M | $41.9M | $26.3M | $30.4M | $19.5M | $6.4M |
| Long-term debt | $0 | $0 | $0 | $13.0M | $10.6M | $7.8M | $8.8M | $48.6M | $656,310 | $2.1M |
| Lease obligations | $166,000 | $1.0M | $1.9M | $3.6M | $9.5M | $3.9M | $5.2M | $331,376 | $154,218 | — |
| Other long-term liabilities | $793,000 | $83,000 | $15.0M | $2.0M | $7.9M | $3.7M | $3.8M | $10.0M | $2 | $4 |
| Total liabilities | $7.2M | $22.3M | $50.7M | $50.7M | $89.5M | $53.4M | $38.9M | $89.1M | $20.2M | $8.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $48,000 | $21,000 | $15,000 | $15,000 | $43,000 | $142,000 | $109,000 | −$10.8M | $6.4M | $6.4M |
| Retained earnings (deficit) | −$360.5M | −$274.9M | −$225.1M | −$225.1M | −$55.5M | −$24.8M | −$9.6M | −$10.8M | $3.2M | $1.2M |
| Treasury stock | — | — | — | — | — | — | −$515,000 | — | — | — |
| Accumulated other comprehensive income | $265,000 | $265,000 | $55,000 | $55,000 | $324,000 | $28,999 | −$72,000 | −$285,992 | −$208,711 | −$246,820 |
| Minority interest | −$149,000 | −$149,000 | −$132,000 | $18,000 | — | — | — | — | — | — |
| Total shareholders' equity | $67.9M | $6.4M | $39.0M | $39.0M | $174.5M | $15.1M | $22.5M | −$11.1M | $9.4M | $7.4M |
| Key figures | ||||||||||
| Total debt | $166,000 | $8.7M | $19.8M | $19.8M | $31.7M | $11.9M | $13.4M | $48.9M | $727,259 | $2.8M |
| Net cash (debt) | $32.3M | −$7.8M | −$13.3M | −$13.3M | −$18.8M | $18.5M | $34.3M | −$41.5M | $1.4M | −$1.1M |
| Working capital | $28.9M | $1.5M | $41.0M | $41.0M | $53.8M | $54.2M | $89.0M | $26.7M | $3.8M | $3.6M |
| Tangible book value | $31.3M | $6.4M | −$10.3M | −$10.3M | $48.0M | $5.8M | $4.2M | −$20.2M | $4.7M | $2.7M |
| Current ratio | 5.01 | 1.07 | 2.15 | 2.15 | 1.76 | 2.30 | 4.39 | 1.88 | 1.19 | 1.55 |
| Quick ratio | 4.81 | 0.23 | 0.56 | 0.56 | 0.46 | 0.98 | 2.13 | 0.51 | 0.30 | 0.47 |
| Debt / equity | 0.00 | 1.35 | 0.51 | 0.51 | 0.18 | 0.79 | 0.60 | — | 0.08 | 0.38 |
| Equity / assets | 90.6% | 22.5% | 43.5% | 43.5% | 61.1% | 12.3% | 14.6% | −14.2% | 31.8% | 46.6% |
| 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 | $14.1M | $13.3M | $32.5M | $1.8M | $5.7M | $8.5M | $899,000 | $2.3M | $169,000 | $157,000 | $2.4M | $2.4M |
| Cash & equivalents | $6.1M | $13.3M | $32.5M | $1.8M | $5.7M | $8.5M | $899,000 | $2.3M | $169,000 | $157,000 | $2.4M | $2.4M |
| Short-term investments | $8.1M | $4.0M | — | — | — | — | — | — | — | — | — | — |
| Receivables | $13,000 | $1.1M | $2.1M | $4.2M | $3.9M | $6.7M | $4.3M | $2.5M | $3.3M | $1.8M | $3.8M | $1.9M |
| Inventory | $0 | $0 | $0 | $6.2M | $14.4M | $17.0M | $14.2M | $16.0M | $17.3M | $18.3M | $22.6M | $22.6M |
| Other current assets | $1.3M | $5.5M | $1.4M | $2.1M | $4.2M | $1.4M | $4.4M | $5.8M | $4.6M | $6.7M | $8.6M | $10.5M |
| Total current assets | $15.4M | $20.0M | $36.1M | $14.3M | $28.1M | $33.6M | $23.8M | $26.6M | $25.4M | $26.9M | $37.5M | $37.5M |
| Property, plant & equipment (net) | $0 | $122,000 | $397,000 | $1.4M | $1.8M | $2.1M | $2.5M | $3.3M | $3.7M | $4.1M | $5.4M | $5.4M |
| Goodwill & intangible assets | $16.4M | $34.2M | $36.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49.3M | $0 |
| Long-term investments | $16.4M | $34.2M | $36.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $1.9M | $1.9M | $2.4M | $2.4M | $3.9M | $3.9M | $4.0M | $0 | $5.5M |
| Total assets | $32.0M | $56.2M | $74.9M | $17.6M | $31.8M | $38.1M | $28.6M | $33.8M | $32.9M | $35.1M | $48.4M | $48.4M |
| Liabilities | ||||||||||||
| Accounts payable | $6.0M | $5.3M | $5.4M | $4.1M | $8.7M | $9.9M | $9.8M | $10.9M | $15.0M | $12.9M | $11.9M | $11.9M |
| Short-term debt | — | — | $166,000 | $319,000 | $548,000 | $780,000 | $8.6M | $9.5M | $5.8M | — | $8.0M | — |
| Deferred revenue | — | — | — | $684,000 | $1.5M | $2.5M | $2.7M | $1.3M | $2.8M | — | $2.4M | — |
| Total current liabilities | $6.5M | $6.1M | $7.2M | $6.6M | $11.8M | $14.9M | $22.3M | $24.2M | $26.4M | $27.7M | $31.7M | $31.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $0 | $166,000 | $320,000 | $553,000 | $780,000 | $1.0M | $1.2M | $1.4M | $1.7M | $1.9M | $2.3M |
| Other long-term liabilities | $0 | $0 | $0 | $1,000 | $5,000 | $0 | $83,000 | $326,000 | $554,000 | $782,000 | $1.3M | $1.3M |
| Total liabilities | $6.5M | $6.1M | $7.2M | $6.6M | $11.8M | $14.9M | $22.3M | $24.5M | $27.0M | $28.5M | $33.0M | $33.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7,000 | $6,000 | $48,000 | — | — | $83,000 | $21,000 | $8,000 | $5,000 | — | $33,000 | — |
| Retained earnings (deficit) | −$403.7M | −$378.9M | −$360.5M | −$290.9M | −$282.0M | −$278.8M | −$274.9M | −$266.2M | −$262.4M | −$261.8M | −$253.0M | −$253.0M |
| Accumulated other comprehensive income | — | — | $265,000 | $265,000 | $265,000 | $265,000 | $265,000 | $248,000 | $244,000 | — | $238,000 | — |
| Minority interest | $0 | $0 | −$149,000 | −$149,000 | −$149,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $25.5M | $50.1M | $67.9M | $11.2M | $20.1M | $23.3M | $6.4M | $9.5M | $6.1M | $6.7M | $15.4M | $15.4M |
| Key figures | ||||||||||||
| Total debt | — | — | $166,000 | $320,000 | $553,000 | $780,000 | $8.7M | $9.8M | $6.3M | — | $9.2M | — |
| Net cash (debt) | — | — | $32.3M | $1.5M | $5.2M | $7.7M | −$7.8M | −$7.5M | −$6.2M | — | −$6.8M | — |
| Working capital | $8.9M | $13.8M | $28.9M | $7.7M | $16.3M | $18.6M | $1.5M | $2.5M | −$1.1M | −$758,000 | $5.8M | $5.8M |
| Tangible book value | $9.0M | $15.8M | $31.3M | $11.2M | $20.1M | $23.3M | $6.4M | $9.5M | $6.1M | $6.7M | −$33.8M | $15.4M |
| Book value per share | — | — | $112.43 | $64.40 | — | — | — | — | — | $17.10 | — | $49.19 |
| Shares outstanding | — | — | 604K | 173K | — | — | — | — | — | 393K | — | 313K |
| Current ratio | 2.36 | 3.25 | 5.01 | 2.17 | 2.38 | 2.25 | 1.07 | 1.10 | 0.96 | 0.97 | 1.18 | 1.18 |
| Quick ratio | 2.16 | 2.35 | 4.81 | 0.91 | 0.81 | 1.02 | 0.23 | 0.20 | 0.13 | 0.07 | 0.20 | 0.14 |
| Debt / equity | — | — | 0.00 | 0.03 | 0.03 | 0.03 | 1.35 | 1.04 | 1.04 | — | 0.60 | — |
| Equity / assets | 79.6% | 89.1% | 90.6% | 63.3% | 63.2% | 61.2% | 22.5% | 28.0% | 18.5% | 19.2% | 31.8% | 31.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
GNLN financial position
At the end of fiscal 2025 (December 31, 2025), Greenlane had total assets of $74.9 million (up 161.7% from a year earlier), total liabilities of $7.2 million and shareholders' equity of $67.9 million. It held $32.5 million in cash and short-term investments against $0.2 million of debt, a net cash position of $32.3 million. Its current ratio was 5.01. In the latest quarter (ended June 30, 2026) total assets were $32.0 million and equity $25.5 million.
Related: GNLN income statement, GNLN cash flow statement, GNLN key metrics. See the GNLN stock overview for the latest quote and news.
GNLN balance sheet FAQ
What are Greenlane's total assets?
Greenlane reported total assets of $74.9 million at the end of fiscal 2025 (December 31, 2025), compared with $28.6 million a year earlier.
How much debt does Greenlane have?
Greenlane had $0.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Greenlane have?
Greenlane held $32.5 million in cash and short-term investments at the end of fiscal 2025; with $0.2 million of debt that is net cash of $32.3 million.
What is Greenlane's book value?
Greenlane's shareholders' equity (book value) was $67.9 million at the end of fiscal 2025.
What is Greenlane's current ratio?
Greenlane had current assets of $36.1 million and current liabilities of $7.2 million, a current ratio of 5.01 (it can cover its short-term obligations).
How much goodwill does Greenlane have?
Greenlane carried $36.6 million of goodwill and intangible assets, 48.8% of total assets, at the end of fiscal 2025.