Greenlane Holdings, Inc. (GNLN) Income Statement
GNLN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGNLN revenue and net income
Where GNLN's revenue goes
2025Each bar shows an amount and its share of revenue. GNLN kept −1,965.1% of revenue as net income.
GNLN profit margins
GNLN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −67.2% | −68.3% | −49.9% | — |
| Gross profit | −298.4% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GNLN quarterly EPS vs estimates
Greenlane beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 13, 2026.
GNLN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4M | $13.3M | $137.1M | $137.1M | $166.1M | $138.3M | $185.0M | $178.9M | $88.3M | $66.7M |
| Cost of revenue | $16.8M | $7.0M | $112.1M | $112.1M | $132.2M | $115.5M | $153.9M | $143.2M | $67.7M | $58.6M |
| Gross profit | −$12.5M | $6.3M | $25.0M | $25.0M | $33.9M | $22.8M | $31.1M | $35.7M | $20.6M | $8.1M |
| Sales, general & admin | $10.6M | $17.1M | $75.1M | $72.3M | $86.1M | $63.8M | $53.3M | $36.7M | $17.1M | $7.6M |
| Total operating expenses | $41.8M | $18.1M | $209.1M | $209.1M | $86.6M | $71.7M | $56.0M | $38.2M | $17.9M | $7.9M |
| Operating income | −$54.2M | −$11.8M | −$184.1M | −$184.1M | −$52.7M | −$49.0M | −$24.9M | −$2.4M | $2.7M | $124,090 |
| Interest income | — | — | — | — | — | — | $13.0M | $3.2M | $269,710 | $183,880 |
| Interest expense | $394,000 | $5.9M | $2.5M | $2.5M | $574,000 | $437,000 | $975,000 | $3.2M | $269,710 | $183,878 |
| Income before taxes | −$85.6M | −$17.7M | −$182.2M | −$182.2M | −$53.4M | −$47.5M | −$28.9M | −$5.6M | $2.5M | $195,912 |
| Income taxes | $7,000 | −$150,000 | −$13,000 | −$13,000 | $10,000 | $194,000 | $10.9M | $319,321 | $182,533 | $108,927 |
| Net income | −$85.6M | −$17.6M | −$169.5M | −$169.5M | −$30.6M | −$14.5M | −$28.8M | −$5.9M | $2.3M | $86,985 |
| EBITDA | −$84.7M | −$10.9M | −$172.4M | −$172.4M | −$48.1M | −$44.6M | −$25.2M | −$888,000 | $3.5M | $951,945 |
| EPS (diluted) | −$141.76 | −$8.06 | −$1120018.64 | −$2518666.21 | −$3000007.20 | −$4000000.00 | −$1366983.98 | −$2.20 | — | — |
| Gross margin | −286.2% | 47.3% | 18.2% | 18.2% | 20.4% | 16.5% | 16.8% | 20.0% | 23.3% | 12.1% |
| Operating margin | −1,245.6% | −89.0% | −134.3% | −134.3% | −31.7% | −35.4% | −13.5% | −1.4% | 3.1% | 0.2% |
| Net margin | −1,965.1% | −132.9% | −123.7% | −123.7% | −18.4% | −10.5% | −15.6% | −3.3% | 2.6% | 0.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $391,000 | $448,000 | $1.4M | $737,000 | $788,000 | $1.5M | $1.7M | $4.0M | $2.7M | $4.9M | $11.8M | $11.8M |
| Cost of revenue | $50,000 | $2.0M | $7.9M | $7.4M | $786,000 | $748,000 | $927,000 | $1.0M | $1.6M | $3.4M | $8.7M | $8.7M |
| Gross profit | $341,000 | −$1.6M | −$6.5M | −$6.7M | $2,000 | $721,000 | $732,000 | $3.0M | $1.0M | $1.5M | $3.1M | $3.1M |
| Sales, general & admin | $3.5M | $4.0M | $2.8M | $2.0M | $3.1M | $2.8M | $4.2M | $1.8M | $4.3M | $5.2M | $9.5M | $9.5M |
| Total operating expenses | $3.6M | $4.0M | $32.4M | $2.0M | $3.3M | $4.2M | $4.5M | $3.6M | $4.5M | $8.9M | $10.0M | $18.7M |
| Operating income | −$3.3M | −$5.6M | −$38.9M | −$8.6M | −$3.3M | −$3.5M | −$3.8M | −$538,000 | −$3.5M | −$4.0M | −$6.9M | −$6.9M |
| Interest income | $22,000 | — | — | — | — | — | — | — | — | — | — | — |
| Interest expense | $22,000 | $34,000 | $1,000 | $2,000 | $0 | $391,000 | $1.9M | $3.2M | $289,000 | $522,000 | $3.4M | $3.4M |
| Income before taxes | −$24.8M | −$18.2M | −$69.6M | −$8.9M | −$3.2M | −$3.9M | −$8.8M | −$3.8M | −$632,000 | −$4.5M | −$10.1M | −$10.1M |
| Income taxes | −$5,000 | $149,000 | $7,000 | — | — | — | −$17,000 | — | $6,000 | — | −$75,000 | — |
| Net income | −$24.8M | −$18.4M | −$69.6M | −$8.9M | −$3.2M | −$3.9M | −$8.8M | −$3.8M | −$615,000 | −$4.5M | −$10.1M | −$10.1M |
| EBITDA | −$24.7M | −$18.1M | −$69.5M | −$8.8M | −$3.0M | −$3.4M | −$6.7M | −$353,000 | −$147,000 | — | −$6.2M | — |
| EPS (diluted) | −$6.06 | — | — | −$5.95 | −$3.18 | −$0.32 | −$3.29 | −$2.28 | −$1.33 | −$1.16 | −$1.91 | −$1.84 |
| Gross margin | 87.2% | −353.3% | −480.2% | −902.6% | 0.3% | 49.1% | 44.1% | 75.0% | 38.1% | 30.7% | 26.5% | 26.5% |
| Operating margin | −839.9% | −1,243.8% | −2,858.7% | −1,168.0% | −413.2% | −236.6% | −229.1% | −13.3% | −131.8% | −80.8% | −58.4% | −58.4% |
| Net margin | −6,351.2% | −4,098.2% | −5,111.3% | −1,212.1% | −408.0% | −263.2% | −528.9% | −93.0% | −23.2% | −91.2% | −85.7% | −85.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GNLN's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GNLN financial results
In fiscal year 2025 (ended December 31, 2025), Greenlane reported revenue of $4.4 million, down 67.2% from the year before. It had a net loss of $85.6 million, a net profit margin of −1,965.1%. Diluted earnings per share came to −$141.76. Over five years revenue grew at an average rate of −49.9% a year.
See the GNLN stock overview for the latest quote and news, or the GNLN chart for price history and technical indicators.
GNLN income statement FAQ
What is Greenlane's annual revenue?
Greenlane reported total revenue of $4.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 67.2% from $13.3 million the previous year.
Is Greenlane profitable?
No. Greenlane reported a net loss of $85.6 million in fiscal 2025, a net profit margin of −1,965.1%; its operating margin was −1,245.6%.
What is Greenlane's gross margin?
Greenlane's gross margin was −286.2% in fiscal 2025: for every $100 of revenue, Greenlane kept $-286 after the direct cost of its products and services.
How fast is Greenlane growing?
Revenue grew −49.9% a year on average over the last five fiscal years, from $138.3 million to $4.4 million.
What are Greenlane's earnings per share?
Greenlane earned $-141.76 per diluted share in fiscal 2025, compared with $-8.06 a year earlier.
When will Greenlane report its next earnings?
Greenlane is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Greenlane's fiscal year end?
Greenlane's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.