---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-014661"
form_type: "8-K"
ticker: "GEG"
cik: "0001831096"
company_name: "Great Elm Group, Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:38:54.893599+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Great Elm Group Q2 revenue up 50% to $2.8M; net loss of $0.2M; AUM grows to $655M

## Summary
- Revenue $2.8M (+50% YoY); net loss from continuing ops ($0.2M) vs prior-year net income of $29.7M which included large investment gains.
- Adjusted EBITDA $0.6M vs $0.1M prior-year; fee-paying AUM $461M (+5% YoY); total AUM $655M (+6% YoY).
- GECC raised $24M equity via SPV supported by $6M GEG investment; GEG seeded new credit fund GECIF with $6M.
- Board authorized $10M stock repurchase program; modest share repurchases to date.
- Collected $0.7M incentive fees from GECC for third consecutive quarter.

## SEC filing metadata
- accession: 0000950170-24-014661
- form_type: 8-K
- ticker: GEG
- cik: 0001831096
- company_name: Great Elm Group, Inc.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/0000950170-24-014661-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/geg-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-014661
- JSON: https://secwatch.observer/filing/0000950170-24-014661.json
- Plain text: https://secwatch.observer/filing/0000950170-24-014661.txt

## Key facts
- Earnings Releases
  Great Elm Group, Inc. reported fiscal second quarter ended December 31, 2023 results: net income 0.6 million.
  - Period: fiscal second quarter ended December 31, 2023
  - Net income: 0.6 million
  - Result: reported results
  source text: GEG reported total revenue of $2.8 million, a 50% increase from $1.9 million in the prior-year three-month period. GEG recorded a net loss from continuing operations of ($0.2) million, compared to net income from continuing operations of $29.7 million in the prior-year three-month period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/0000950170-24-014661-index.htm
- Earnings Releases
  Great Elm Group, Inc. reported fiscal second quarter ended December 31, 2023 results: net income 0.6 million.
  - Period: fiscal second quarter ended December 31, 2023
  - Net income: 0.6 million
  - Result: reported results
  source text: Total revenue for the second quarter grew 50% to $2.8 million, compared to $1.9 million for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/0000950170-24-014661-index.htm
- Earnings Releases
  Great Elm Group, Inc. reported fiscal second quarter ended December 31, 2023 results: net income 0.6 million.
  - Period: fiscal second quarter ended December 31, 2023
  - Net income: 0.6 million
  - Result: reported results
  source text: Net loss from continuing operations attributable to GEG was ($0.2) million for the second quarter, compared to net income from continuing operations of $29.7 million in the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/0000950170-24-014661-index.htm
- Earnings Releases
  Great Elm Group, Inc. reported fiscal second quarter ended December 31, 2023 results: net income 0.6 million.
  - Period: fiscal second quarter ended December 31, 2023
  - Net income: 0.6 million
  - Result: reported results
  source text: Adjusted EBITDA for the second quarter was $0.6 million, compared to $0.1 million for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831096/000095017024014661/0000950170-24-014661-index.htm

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