as of 11-09-2026 3:59pm EST
Great Elm Group Inc operates as an alternative asset manager focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. The Group conducts its operations through two business segments: Alternative Credit and Real Estate. Key revenue comes from the Real Estate segment, which includes a full-service, end-to-end real estate platform combining investment expertise and turnkey execution capabilities for the IOS sector. The Alternative Credit segment focuses on income generation and capital preservation by investing in debt and income-generating securities, direct lending, CLOs, and specialty finance businesses, including factoring, asset-based lending, and healthcare.
| Founded: | 1994 | Country: | United States |
| Employees: | N/A | City: | PALM BEACH GARDENS |
| Market Cap: | 63.9M | IPO Year: | 2022 |
| Target Price: | N/A | AVG Volume (30 days): | 5.1K |
| Analyst Decision: | N/A | Number of Analysts: | N/A |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | -0.14 | EPS Growth: | -407.89 |
| 52 Week Low/High: | $1.80 - $2.83 | Next Earning Date: | 11-04-2026 |
| Revenue: | $67,974,000 | Revenue Growth: | 11.70% |
| Revenue Growth (this year): | N/A | Revenue Growth (next year): | N/A |
| P/E Ratio: | -15.36 | Index: | N/A |
| Free Cash Flow: | 15.6M | FCF Growth: | N/A |
SEC 8-K filings with transcript text
Nov 4, 2026 · 100% conf.
1D
+2.04%
$2.24
Act: -2.27%
5D
+5.14%
$2.31
20D
+4.70%
$2.30
2 geg-ex99_1.htm
Exhibit 99.1
Advancing Strategic Initiatives Across Credit and Real Estate to Drive Growth and Expand Fee-Paying AUM
Strong Balance Sheet with Over $43 Million of Cash and Cash Equivalents to Support Continued Growth Initiatives
Monomoy REIT Continued Acquisition Momentum, Deploying Approximately $8 Million1 While Building Its Largest Investment Pipeline to Date
Fiscal First Quarter Net Loss of Approximately $4 Million, Narrowed from $7 Million in the Prior-Year Period
Repurchased Approximately 266,000 Shares for $0.6 Million During the First Quarter
Company to Host Conference Call at 8:30 a.m. ET on November 5, 2026
PALM BEACH GARDENS, Florida, November 4, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal first quarter ended September 30, 2026.
Management Commentary
Jason Reese, Chief Executive Officer of the Company, stated, “We made meaningful progress during the quarter on several strategic initiatives designed to drive growth across our alternative asset management platform, expand fee-paying assets under management, and build a more scalable and durable earnings base. While our first quarter financial results reflected the uneven cadence of certain real estate investment sales and headwinds in alternative credit, we remain confident in our ability to execute on our strategic priorities.
In Alternative Credit, GECC remains focused on sustainable investment performance, preserving liquidity, and rebuilding net asset value. We are prioritizing portfolio diversification, credit quality, and disciplined underwriting over incremental yield, while maintaining a measured approach to capital deployment. GECC’s lower leverage, ample liquidity, and manageable debt maturity profile provide flexibility to capitalize on compelling investment opportunities. Our institutional relationships and differentiated sourcing capabilities further enhance our ability to identify investments that we believe can generate attractive risk-adjusted returns and support more consistent earnings over time.
Our Real Estate business continues to demonstrate strong momentum, driven by the expansion of Monomoy REIT's industrial outdoor storage portfolio and our vertically integrated operating capabilities. During the quarter, Monomoy REIT deployed approximately $8 million of committed capital and built its largest acquisition pipeline to date, representing nearly $90 million of potential investments. We also continued to explore capital raising opportunities to support the next phase of growth across the platform.
We continue to actively manage our direct investment portfolio while pursuing opportunities for additional value creation. During the quarter, we received approximately $0.7 million in distributions from our CoreWeave-related equity investment, bringing cumulative distributions to approximately $8.6 million against our original $5.0 million investment, with additional upside potential.
With approximately $43 million of cash and cash equivalents at quarter end, we believe Great Elm is well positioned to support its strategic growth initiatives. We also repurchased shares of our common stock for the twelfth consecutive quarter, reflecting our confidence in the long-term value of the Company. Looking ahead, our priorities remain centered on disciplined capital allocation, growing AUM and recurring fee revenue, and delivering sustainable long-term value for shareholders.”
Fiscal 2027 First Quarter and Recent Highlights
• Total revenue for the first quarter was $3.3 million, compared to $10.8 million in the prior-year period.
o Prior-year revenue included approximately $7.4 million from the sale of a build-to-suit property.
• Net loss was $(4.1) million for the first quarter, compared to net loss of $(7.0) million in the prior-year period.
o Reduced net loss primarily reflects lower net realized and unrealized losses on the Company's investments compared to the prior-year period.
• Adjusted EBITDA for the first quarter was $(0.9) million compared to $(0.5) million in the prior-year period.
• GEG's fee-paying assets under management ("FPAUM") and assets under management ("AUM") totaled approximately $564 million and $760 million, respectively, as of September 30, 2026.
o FPAUM and AUM decreased by 5% and 3%, respectively, compared to the prior-year period.
• As of September 30, 2026, GEG had approximately $43.2 million of cash and cash equivalents on its balance sheet to support growth initiatives across its alternative asset management platform.
• GEG repurchased approximately 266,000 shares in the first quarter at an average price of $2.20 per share.
o Through October 30, 2026, Great Elm has repurchased approximately 8.4 million shares at an average price of $2.01 per shar
Aug 26, 2026 · 100% conf.
1D
+2.19%
$2.20
Act: +0.00%
5D
+5.34%
$2.26
20D
+5.04%
$2.26
2 geg-ex99_1.htm
Exhibit 99.1
– Fiscal 2026 Net Loss of Approximately $35 Million, Driven Primarily by GECC Share Price Decline –
– Fourth Quarter Total Revenue Increased 88% from the Prior-Year Period –
– Nearly $400 Million of Gross Capital Raised in Fiscal 2026 –
– Fee-Paying AUM and AUM Grew 7% and 2% from the Prior-Year Period to $590 Million and $771 Million, Respectively, as of June 30, 2026 –
– Monomoy REIT Achieved Record Capital Deployment in the Fourth Quarter with Six Acquisitions and $34 Million of Committed Capital1 –
– Monomoy BTS Sold Third Development Property in June 2026 for Approximately $0.9 Million Gain on Sale and Purchased Fifth Development Property in July 2026 –
– GECC Delivered Improved NAV and Portfolio Performance During the Quarter While Continuing to Strengthen its Capital Structure Through Addressing Near Term Debt Maturities –
– Strong, Liquid Balance Sheet with Over $53 Million of Cash and Equivalents Positions Company to Drive Continued Growth –
– Repurchased Approximately 0.3 Million Shares, Roughly 1% of Shares Outstanding During the Fourth Quarter –
Company to Host Conference Call at 8:30 a.m. ET on August 27, 2026
PALM BEACH GARDENS, Florida, August 26, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2026.
Management Commentary
Jason Reese, Chief Executive Officer of the Company stated, “Fiscal 2026 was a year of meaningful progress across Great Elm’s platform, although that progress was overshadowed by significant unrealized losses primarily driven by our investments in GECC and GECC-related vehicles. These mark-to-market changes had a significant impact on our financial results and book value.
Importantly, we exited the year with improving momentum across several of our businesses. We completed record capital raises of nearly $400 million across GEG and our managed vehicles and expanded our fee-paying assets under management.
Our real estate platform was a particular area of strength. Monomoy REIT achieved record acquisition activity as we continued to scale our industrial outdoor storage (IOS) portfolio, supported by our strategic partnership with Kennedy Lewis. Monomoy BTS advanced its build-to-suit strategy, profitably selling its second and third design-build properties,
advancing development of its fourth project, and acquiring its fifth property in July. While Monomoy Construction Services had a slower than expected ramp, we are encouraged by its growing pipeline, anchored by core tenants and new expanding relationships. Together, these businesses provide an integrated platform spanning construction, development, acquisitions and asset management, with significant opportunity to further scale.
We also strengthened our alternative credit platform during the year. Despite portfolio setbacks early in the year and challenging market sentiment toward private credit, GECC maintained a disciplined investment approach, enhanced portfolio quality, and took important steps to strengthen its capital structure, including redeeming debt and extending the maturity of its revolving credit facility. These actions leave GECC better positioned to pursue attractive investment opportunities and generate long-term, fee-related earnings.
Our CoreWeave-related equity investment also continued to generate significant value. Since April 1, we have received approximately $3 million of distributions, bringing our total distributions since inception to $8.6 million, compared with our original $5.0 million investment, while retaining meaningful upside potential at current trading levels.
Finally, we repurchased shares of our common stock for the eleventh consecutive quarter, reflecting our conviction in the intrinsic value of Great Elm, with nearly $24 million of capacity remaining under the repurchase program. While we are not satisfied with the reported loss for fiscal 2026, we enter fiscal 2027 with growing fee-paying assets, substantial liquidity and improving momentum across our operating businesses. We remain focused on disciplined capital deployment, expanding fee-related earnings and creating long-term value for our shareholders.”
Fiscal Fourth Quarter 2026 and Recent Highlights
• Total revenue for the fourth quarter was $10.6 million, compared to $5.6 million for the prior-year period, an 88% increase.
• Net income was $1.1 million for the fourth quarter, compared to net income of $13.6 million in the prior-year period.
o Change in net income primarily reflects lower net unrealized gains on the Company’s investments compared with the prior year period.
• Adjusted EBITDA for the fourth quarter was $0.3 million compared to $1.5 million in the prior-year period.
• During the fourth qua
May 6, 2026 · 100% conf.
1D
+2.16%
$2.04
Act: +2.50%
5D
+4.98%
$2.10
Act: +10.00%
20D
+4.65%
$2.09
Act: +10.00%
2 geg-ex99_1.htm
Exhibit 99.1
– Unrealized Loss of $9.8 Million on GEG’s Investments in the Quarter, Driven Primarily by GECC Share Price Volatility1 –
– Fee-Paying AUM and AUM Totaled $528 Million and $744 Million, Respectively, as of
March 31, 2026 –
– Total Revenue Increased 7% from the Prior-Year Period –
– Monomoy BTS Begins Development of Fourth Build-to-Suit Property –
– Strong, Liquid Balance Sheet with Over $45 Million of Cash and Equivalents Positions Company to Drive Continued Growth –
–Repurchased Approximately 1.4 Million Shares, Over 4% of Shares Outstanding –
– Board Approved a $15 Million Increase to GEG’s Stock Repurchase Program, Bringing Total Authorization to $40 Million –
Company to Host Conference Call at 8:30 a.m. ET on May 7, 2026
PALM BEACH GARDENS, Florida, May 6, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2026.
Management Commentary
Jason Reese, Chief Executive Officer of the Company stated, “We navigated a challenging fiscal third quarter against a backdrop of continued volatility and market negativity towards private credit. Results were primarily impacted by unrealized losses tied to movements in GECC’s share price. Nevertheless, we remain focused on prudent capital deployment and building momentum across our alternative asset management platform.
At GECC, we took decisive actions to strengthen the balance sheet and enhance portfolio quality. Our focus remains on rigorous credit underwriting, increasing portfolio diversification, and adding cash-generative, secured credit investments. GECC maintains ample liquidity and is positioned for an improved trajectory and long-term performance.
Within our real estate platform, Monomoy continues to drive growth and value creation. The business delivered strong operational execution during the quarter, supported by robust acquisition activity, an expanding development pipeline, and continued progress on strategic capital initiatives. Monomoy REIT closed five acquisitions during the quarter, surpassing total acquisition activity for all of calendar 2025, and continues to action a strong pipeline of attractive opportunities. We are actively exploring additional capital raising opportunities to grow the business.
We also continue to source unique investments through our proprietary network. Our CoreWeave-related investment continues to perform well, with cumulative distributions exceeding our initial investment and meaningful upside potential remaining at current trading levels.
Finally, we repurchased a significant amount of our common stock for the tenth consecutive quarter, underscoring our conviction in the business and our commitment to building shareholder value. Under our recently expanded stock repurchase program, approximately $25 million of capacity remains available. Looking ahead, we are focused on selectively deploying capital into compelling opportunities, growing assets under management and fee-related earnings, and delivering sustained long-term value for our shareholders.”
Fiscal Third Quarter 2026 and Recent Highlights
• GEG’s fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) totaled approximately $528 million and $744 million, respectively.
o FPAUM and AUM decreased by 7% and 3%, respectively, compared to the prior-year period.
• Total revenue for the third quarter was $3.4 million, compared to $3.2 million for the prior-year period, a 7% increase.
• Net loss was $(13.5) million for the third quarter, compared to net loss of $(4.5) million in the prior-year period.
o Increase in net loss primarily driven by unrealized losses associated with the Company’s investments in GECC common stock and SPVs related to GECC common stock.
• Adjusted EBITDA for the third quarter was $(1.6) million compared to $0.5 million in the prior-year period.
• As of March 31, 2026, GEG had approximately $45.5 million of cash and cash equivalents on its balance sheet to support growth initiatives across its alternative asset management platform.
• GEG repurchased approximately 1.4 million shares in the third quarter, or over 4% of shares outstanding, at an average price of $2.04 per share.
o Through May 4, 2026, Great Elm has repurchased approximately 7.8 million shares at an average price of $2.00 per share, equating to $15.6 million since the initiation of the stock repurchase program, leaving approximately $24.4 million of remaining capacity under the program for future repurchases.
GEG Business Highlights
Alternative Credit
• GECC’s Board of Directors appointed Jason Reese as Chief Executive Officer on May 4, 2026, following Mr. Reese’s appointment as Executive Chairman on March 2, 2026, to provide seasoned credit investment experie
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