Greenlane Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4M | $13.3M | $65.4M | $137.1M | $166.1M | $138.3M | $185.0M | $178.9M |
| Cost of Revenue | $16.8M | $7.0M | $47.5M | $112.1M | $132.2M | $115.5M | $153.9M | $143.2M |
| Gross Profit | $-12.5M | $6.3M | $17.8M | $25.0M | $33.9M | $22.8M | $31.1M | $35.7M |
| Gross Margin | -286.2% | 47.3% | 27.3% | 18.2% | 20.4% | 16.5% | 16.8% | 20.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $10.6M | $9.8M | $24.2M | $41.0M | $47.9M | $35.3M | $23.6M | $17.5M |
| Operating Income | $-54.2M | $-11.8M | $-26.1M | $-184.1M | $-52.7M | $-49.0M | $-24.9M | $-2.5M |
| Operating Margin | -1,245.6% | -89.0% | -39.9% | -134.3% | -31.7% | -35.4% | -13.5% | -1.4% |
| Interest Expense | — | — | — | $2.5M | $574.0K | $437.0K | $975.0K | $3.2M |
| Pretax Income | $-85.6M | $-17.7M | $-32.3M | $-182.2M | $-53.4M | $-47.5M | $-28.9M | $-5.6M |
| Income Tax Expense | $7.0K | — | — | $-13.0K | $10.0K | $194.0K | $10.9M | $319.0K |
| Net Income | $-85.6M | $-17.6M | $-32.2M | $-169.5M | $-30.6M | $-14.5M | $-28.8M | $-5.9M |
| Net Margin | -1,965.1% | -132.9% | -49.2% | -123.7% | -18.4% | -10.5% | -15.6% | -3.3% |
| EPS (Basic) | $-11.42 | $-2.43 | $-0.45 | $-1.25 | $-0.88 | $-0.07 | $-0.05 | — |
| EPS (Diluted) | $-11.42 | $-2.43 | $-0.45 | $-1.25 | $-0.88 | $-0.07 | $-0.05 | — |
| Shares Outstanding (Basic) | 7.5M | 7.3M | 6.5M | 13.6M | 34.7M | 215.0M | — | — |
| Shares Outstanding (Diluted) | 7.5M | 7.3M | 6.5M | 13.6M | 34.7M | 215.0M | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |