Great Elm Q2 net loss $16.5M; revenue down, unrealized losses $14.4M

Great Elm Group, Inc.

2026-Q2 EPS reported -$0.75 revenue$13,799,000

Net loss of $16.5M vs net income of $1.4M a year ago; revenue fell to $3.0M from $3.5M.
Unrealized loss of $14.4M on GECC stock, SPVs, and CoreWeave; realized gain of $2.3M.
Fee-paying AUM grew 4% YoY to $561M; total AUM $740M.
Repurchased ~1.1M shares (over 3% outstanding) at avg $2.47; $12.3M remaining under $25M buyback.
CoreWeave investment has distributed $5.8M, exceeding $5M original cost; private credit fund orderly wind-down.

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