Greenland Mines Ltd (GRML) Income Statement
GRML 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGRML revenue and net income
GRML growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| 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.
GRML quarterly EPS vs estimates
Next report: November 12, 2026.
GRML income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Research & development | $634,187 | $0 | — | — | — |
| Sales, general & admin | $6.5M | $5.5M | — | — | $1.1M |
| Total operating expenses | $7.1M | $5.5M | $631,322 | $657,022 | $1.1M |
| Operating income | −$7.1M | −$5.5M | −$631,322 | −$657,018 | −$1.1M |
| Interest expense | $2.3M | $356,603 | $76,214 | — | — |
| Income before taxes | −$10.6M | −$6.2M | −$707,458 | $1.6M | −$1.1M |
| Income taxes | — | — | — | $322,025 | — |
| Net income | −$10.6M | −$6.2M | −$707,458 | $1.2M | −$1.1M |
| EBITDA | −$7.1M | −$5.5M | −$631,322 | −$657,018 | — |
| EPS (diluted) | −$3.55 | −$15.32 | $5.43 | $4.15 | — |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Research & development | $400,536 | $321,271 | $124,342 | $271,145 | $238,700 | $0 | — | — | — | — | — | — |
| Sales, general & admin | $4.5M | $9.2M | — | — | $1.7M | $1.6M | — | — | — | — | — | — |
| Total operating expenses | $5.5M | $9.5M | $1.8M | $1.9M | $1.9M | $1.6M | $1.9M | $2.9M | $395,607 | $672,045 | $110,733 | $123,737 |
| Operating income | −$5.5M | −$9.5M | −$1.8M | −$1.9M | −$1.9M | −$1.6M | −$1.9M | −$2.9M | −$395,607 | −$672,045 | −$110,733 | −$123,737 |
| Interest expense | $4,888 | $1,615 | — | $1.2M | $1.8M | $553,937 | $296,583 | $44,956 | $15,064 | — | $15,741 | $20,379 |
| Income before taxes | −$3.7M | −$13.9M | −$1.3M | −$2.9M | −$4.1M | −$2.2M | −$2.1M | −$3.0M | −$451,639 | −$672,044 | −$126,475 | −$144,111 |
| Net income | −$3.7M | −$13.9M | −$1.3M | −$2.9M | −$4.1M | −$2.2M | −$2.1M | −$3.0M | −$451,639 | −$672,044 | −$126,475 | −$144,111 |
| EBITDA | −$5.5M | −$13.9M | −$1.8M | −$1.9M | −$1.9M | −$1.6M | −$1.9M | −$2.9M | −$395,607 | −$672,045 | −$110,733 | −$123,737 |
| EPS (diluted) | −$0.03 | −$7.39 | −$0.92 | −$2.44 | −$0.12 | −$0.08 | −$3.82 | −$8.87 | −$1.44 | −$1.19 | $0.86 | $1.65 |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GRML's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GRML financial results
Greenland Mines reported no revenue in fiscal year 2025 (ended December 31, 2025). It had a net loss of $10.6 million. Diluted earnings per share came to −$3.55.
See the GRML stock overview for the latest quote and news, or the GRML chart for price history and technical indicators.
GRML income statement FAQ
Does Greenland Mines have revenue?
Greenland Mines reported no revenue for fiscal year 2025, which ended on December 31, 2025.
Is Greenland Mines profitable?
No. Greenland Mines reported a net loss of $10.6 million in fiscal 2025.
How much does Greenland Mines spend on research and development?
Greenland Mines spent $0.6 million on research and development in fiscal 2025.
What are Greenland Mines's earnings per share?
Greenland Mines earned $-3.55 per diluted share in fiscal 2025, compared with $-15.32 a year earlier.
When will Greenland Mines report its next earnings?
Greenland Mines is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Greenland Mines's fiscal year end?
Greenland Mines's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.