Greenland Technologies Holding Corporation (GTEC) Income Statement
GTEC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGTEC revenue and net income
Where GTEC's revenue goes
2025Each bar shows an amount and its share of revenue. GTEC kept 5.4% of revenue as net income.
GTEC profit margins
GTEC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.0% | −0.1% | +6.3% | — |
| Gross profit | +26.2% | +12.8% | +17.3% | — |
| Operating income | −40.3% | +8.1% | +2.3% | — |
| Net income | −64.9% | +87.7% | −6.1% | — |
| EPS (diluted) | −68.6% | +1.1% | −23.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GTEC quarterly EPS vs estimates
Greenland Technologies beat the analyst EPS estimate in 3 of the last 7 quarters. Next report: November 6, 2026.
GTEC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $90.7M | $83.9M | $90.3M | $90.8M | $98.8M | $66.9M | $52.4M | $60.2M | $49.1M |
| Cost of revenue | $62.2M | $61.4M | $65.8M | $71.0M | $79.2M | $54.1M | $40.0M | $46.1M | $37.2M |
| Gross profit | $28.4M | $22.5M | $24.6M | $19.8M | $19.6M | $12.8M | $12.4M | $14.1M | $11.9M |
| Research & development | $3.9M | $2.9M | $5.4M | $5.8M | $5.5M | $2.4M | $2.4M | $2.5M | $1.8M |
| Sales, general & admin | $17.0M | $7.0M | $8.4M | $8.1M | $5.8M | $3.7M | $3.4M | $2.9M | $10.9M |
| Total operating expenses | $20.9M | $9.9M | $13.8M | $13.9M | $11.3M | $6.1M | $5.8M | $5.4M | $12.7M |
| Operating income | $7.5M | $12.6M | $10.8M | $6.0M | $8.3M | $6.7M | $6.6M | $8.7M | −$853,000 |
| Interest income | $677,386 | $864,390 | $100,896 | $56,817 | $68,295 | $2,645 | $151,532 | $304,910 | — |
| Interest expense | $111,663 | $84,243 | $250,410 | $402,968 | $587,264 | $930,634 | $1.3M | $1.6M | $0 |
| Income before taxes | $12.1M | $16.7M | −$23.3M | $4.5M | $9.1M | $8.6M | $5.9M | $8.0M | −$1.1M |
| Income taxes | $3.5M | $1.5M | $1.7M | $699,691 | $1.8M | $2.3M | $847,367 | $1.4M | $2.2M |
| Net income | $4.9M | $14.1M | −$15.9M | $745,553 | $6.3M | $6.8M | $4.5M | $6.0M | −$3.3M |
| EBITDA | $14.6M | $19.0M | −$20.9M | $7.3M | $12.2M | $12.0M | $9.5M | $11.2M | $436,695 |
| EPS (diluted) | $0.32 | $1.02 | $1.61 | $0.31 | $0.75 | $1.21 | −$0.54 | $3.39 | $2.09 |
| Gross margin | 31.4% | 26.8% | 27.2% | 21.8% | 19.8% | 19.2% | 23.6% | 23.4% | 24.2% |
| Operating margin | 8.3% | 15.0% | 11.9% | 6.6% | 8.3% | 10.0% | 12.6% | 14.4% | −1.7% |
| Net margin | 5.4% | 16.8% | −17.6% | 0.8% | 6.3% | 10.1% | 8.5% | 9.9% | −6.7% |
| 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 | $29.9M | $25.5M | $23.9M | $23.4M | $21.7M | $21.7M | $19.4M | $18.8M | $23.0M | $22.7M | $22.8M | $21.8M |
| Cost of revenue | $20.3M | $16.9M | $15.8M | $15.8M | $16.0M | $15.0M | $14.2M | $13.9M | $16.2M | $17.1M | $16.9M | $15.6M |
| Gross profit | $9.5M | $8.6M | $8.1M | $7.6M | $5.8M | $6.7M | $5.1M | $5.0M | $6.8M | $5.6M | $5.9M | $6.3M |
| Research & development | $1.0M | $778,219 | $2.8M | $560,668 | $443,720 | $81,457 | $387,634 | $437,978 | $1.1M | $987,724 | $1.6M | $1.2M |
| Sales, general & admin | $2.5M | $1.8M | $5.7M | $1.9M | $7.6M | $1.8M | $1.0M | $1.6M | $1.7M | $2.7M | $2.0M | $2.2M |
| Total operating expenses | $3.6M | $2.9M | $8.1M | $2.5M | $8.1M | $1.9M | $1.4M | $2.0M | $2.8M | $3.7M | $54.4M | $3.5M |
| Operating income | $6.0M | $5.7M | −$28,990 | $5.1M | −$2.3M | $4.8M | $3.8M | $2.9M | $4.0M | $1.9M | −$31.6M | $2.8M |
| Interest income | $23,109 | $519,843 | $63,730 | $429,159 | $170,917 | $141,040 | $242,112 | $237,333 | $215,732 | $169,213 | $63,776 | $4,242 |
| Interest expense | $10,453 | $33,380 | $111,663 | $0 | $0 | $0 | $5,082 | $9,477 | $36,008 | $43,840 | $31,461 | $72,952 |
| Income before taxes | $6.2M | $6.8M | $1.1M | $7.5M | −$1.9M | $5.4M | $6.0M | $703,543 | $6.6M | $3.4M | −$30.4M | $1.1M |
| Income taxes | $1.2M | $1.0M | $864,330 | $920,297 | $848,920 | $878,275 | $673,708 | $344,250 | $680,801 | −$186,001 | — | $878,922 |
| Net income | $3.5M | $5.0M | −$1.6M | $5.7M | −$3.2M | $4.0M | $7.6M | −$684,391 | $4.7M | $2.5M | −$18.8M | −$887,420 |
| EBITDA | $6.7M | $7.3M | $2.0M | $8.0M | −$1.4M | $6.0M | $6.6M | $1.3M | $7.1M | $4.0M | — | $1.7M |
| EPS (diluted) | $0.13 | −$0.09 | −$0.10 | $0.33 | −$0.20 | $0.29 | $0.55 | −$0.05 | $0.34 | $0.18 | $1.39 | −$0.07 |
| Gross margin | 31.9% | 33.6% | 33.8% | 32.4% | 26.5% | 30.7% | 26.6% | 26.4% | 29.4% | 24.9% | 25.7% | 28.7% |
| Operating margin | 20.0% | 22.4% | −0.1% | 21.6% | −10.7% | 22.2% | 19.4% | 15.5% | 17.3% | 8.5% | −138.6% | 12.9% |
| Net margin | 11.7% | 19.6% | −6.6% | 24.5% | −14.8% | 18.5% | 39.2% | −3.6% | 20.2% | 11.0% | −82.7% | −4.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GTEC's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GTEC financial results
In fiscal year 2025 (ended December 31, 2025), Greenland Technologies reported revenue of $90.7 million, up 8.0% from the year before. It had net income of $4.9 million (down 64.9%), a net profit margin of 5.4%. Diluted earnings per share came to $0.32. Over five years revenue grew at an average rate of 6.3% a year.
See the GTEC stock overview for the latest quote and news, or the GTEC chart for price history and technical indicators.
GTEC income statement FAQ
What is Greenland Technologies's annual revenue?
Greenland Technologies reported total revenue of $90.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 8.0% from $83.9 million the previous year.
Is Greenland Technologies profitable?
Yes. Greenland Technologies reported net income of $4.9 million in fiscal 2025, a net profit margin of 5.4%; its operating margin was 8.3%.
What is Greenland Technologies's gross margin?
Greenland Technologies's gross margin was 31.4% in fiscal 2025: for every $100 of revenue, Greenland Technologies kept $31 after the direct cost of its products and services.
How much does Greenland Technologies spend on research and development?
Greenland Technologies spent $3.9 million on research and development in fiscal 2025, 4.3% of revenue.
How fast is Greenland Technologies growing?
Revenue grew 6.3% a year on average over the last five fiscal years, from $66.9 million to $90.7 million.
What are Greenland Technologies's earnings per share?
Greenland Technologies earned $0.32 per diluted share in fiscal 2025, compared with $1.02 a year earlier.
When will Greenland Technologies report its next earnings?
Greenland Technologies is expected to report results for the quarter ending September 30, 2026 on November 6, 2026.
When does Greenland Technologies's fiscal year end?
Greenland Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 23, 2026.