---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002636"
form_type: "8-K"
ticker: "GEG"
cik: "0001831096"
company_name: "Great Elm Group, Inc."
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:39:43.740658+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Great Elm Group reports Q2 net income $29.7M, sells DME for $80M, Forest for ~$45M

## Summary
- Revenue $1.9M (+84% YoY); net income $29.7M vs loss $4.2M; Adj. EBITDA ($1.2M) unchanged.
- Sold DME business for $80M; net cash ~$26M plus 346,028 Quipt shares.
- Sold 61% then 19% of Forest for aggregate ~$45M cash.
- Pro forma cash ~$90M to deploy across alternative asset management platform.
- Retained ~$154M NOL carryforwards, ~$131M expiring June 30, 2023.

## SEC filing metadata
- accession: 0000950170-23-002636
- form_type: 8-K
- ticker: GEG
- cik: 0001831096
- company_name: Great Elm Group, Inc.
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831096/000095017023002636/0000950170-23-002636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831096/000095017023002636/geg-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002636
- JSON: https://secwatch.observer/filing/0000950170-23-002636.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002636.txt

## Key facts
- Earnings Releases
  Great Elm Group, Inc. reported fiscal second quarter ended December 31, 2022 results: revenue $1.9 million, net income $29.7 million.
  - Period: fiscal second quarter ended December 31, 2022
  - Revenue: $1.9 million
  - Net income: $29.7 million
  - Result: reported results
  source text: 31, 2022, representing approximately 2% sequential growth from September 30, 2022 and up approximately 7% year-to-date. • GEG total revenue grew for the second quarter by 84% to $1.9 million, compared to $1.0 million for the same period in the prior year, primarily attributable to the acquisition of the management agreement for Monomoy Properties REIT, LLC and its
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000095017023002636/0000950170-23-002636-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.