Great Elm 2025 Q4 Earnings Record Net Income Surges 2820%

Great Elm (GEG) reported its fiscal 2025 Q4 earnings on September 2nd, 2025, showcasing a dramatic turnaround in profitability despite a significant drop in revenue. The results exceeded expectations due to the company's historically high net income and EPS, driven by strategic operational improvements and capital inflows. While the company did not provide formal guidance, it emphasized strong momentum through new partnerships and capital raising efforts.

Revenue
Great Elm’s total revenue declined by 37.1% to $5.61 million in 2025 Q4, compared to $8.92 million in 2024 Q4.

Earnings/Net Income
The company returned to profitability, with EPS climbing to $0.51 in 2025 Q4, a 2294.0% positive swing from a loss of $0.02 per share in 2024 Q4. Net income surged to $15.72 million, representing a 2820.2% increase from a net loss of $-578,000 in the prior year. This marked a record high for Q4 net income, the highest in 17 years.

Price Action
Great Elm’s stock price has experienced significant post-earnings momentum, rising 10.82% in the latest trading day, 3.64% over the past full trading week, and surging 24.27% month-to-date.

Post-Earnings Price Action Review
The stock’s strong post-earnings performance reflects investor confidence in the company's turnaround and strategic growth initiatives, particularly in expanding fee-based revenue streams through the Great Elm Capital Corp. (GECC) platform.

CEO Commentary
CEO Jason Reese highlighted the company’s record fiscal 2025 performance, crediting increased fee-paying assets under management, the launch of Monomoy Construction Services, and strong returns from the CoreWeave investment. Strategic partnerships, including the Kennedy Lewis $150 million capital commitment and $24 million in recent capital raises, were cited as pivotal to the company’s momentum.

Guidance
The company has not provided explicit forward-looking guidance but remains optimistic about leveraging strategic alliances, expanding its real estate platform, and increasing fee revenue. It also noted ongoing share repurchases under a $25 million program, with $15.7 million in remaining capacity.

Additional News
Recent corporate activity highlights Great Elm’s aggressive growth strategy and capital-raising success. On July 28th, 2024, the company announced a $150 million partnership with Kennedy Lewis, providing significant leverageable capital for Monomoy REIT. Additionally, $24 million in new capital was raised from Woodstead and Booker Smith into GECC, further validating the company’s business model and investor confidence. These developments position Great Elm to continue expanding its real estate and credit platforms while enhancing shareholder value through both organic growth and strategic acquisitions.