Highest-materiality recent filing
Great Elm reports fiscal 2026 net loss of $35.4M; Q4 revenue up 88%
Fiscal 2026 net loss of $35.4M vs net income of $12.9M prior year; revenue up 70% to $27.8M.
Great Elm Q3 net loss $13.5M; repurchases 1.4M shares, increases buyback to $40M
Net loss of $13.5M vs $4.5M prior year; revenue $3.4M up 7%.
Great Elm Q2 net loss $16.5M; revenue down, unrealized losses $14.4M
Net loss of $16.5M vs net income of $1.4M a year ago; revenue fell to $3.0M from $3.5M.
Great Elm Group realigns segments into Alternative Credit and Real Estate; recasts prior periods
Formed Great Elm Real Estate Ventures, LLC in Q1 FY2026, prompting segment realignment.
Great Elm stockholders approve 2025 LTI Plan authorizing 5M shares for equity awards
Stockholders approved the 2025 Long-Term Incentive Compensation Plan with 15.6M votes for (vs 1.8M against).
Great Elm Group Q1 FY2026: revenue $10.8M, net loss $7.9M; FPAUM up 9% YoY
Revenue $10.8M (vs $4.0M YoY) driven by $7.4M from Monomoy build-to-suit sale.
Director James H. Hugar to retire, will not stand for re-election at 2025 annual meeting
James H. Hugar notified Great Elm Group on Oct 13, 2025 of his retirement and decision not to stand for re-election at the 2025 annual meeting.
Great Elm Group posts record Q4 net income $15.7M, book value up 24% YoY
Net income from continuing ops $15.7M in Q4 vs $0.6M loss prior year; FY net income $15.6M vs $0.9M loss.
GEG raises $9M via private placement to Woodstead, appoints Booker Smith to board
Woodstead invested $9M for 4M GEG shares at $2.25 and 2M 10-year warrants at $3.50/$5.00.
KLIM purchased 1,353,885 shares (4.9% of common stock) at ~$2.11/share for ~$2.86M total
Great Elm Group Reports Fiscal Q3 2025 Results: Revenue Up 15%, Net Loss Widens
Total revenue grew 15% to $3.2 million; net loss from continuing operations was ($4.5) million vs. ($2.9) million a year ago.
Great Elm Group reports 24% revenue growth, net income $1.4M in fiscal Q2 2025
Revenue $3.5M (up 24% YoY); net income $1.4M vs loss of $0.2M prior year; Adjusted EBITDA $1.0M.
Great Elm Group 2024 annual meeting results: all director nominees elected
All six director nominees elected: Drapkin, Hugar, Matter, Parmelee, Reese, Scheyer.
Great Elm Group Q1 FPAUM up 24% to $559M, revenue $4.0M (+21% YoY), net income $3.0M
FPAUM grew 24% YoY to ~$559M; AUM grew 22% to ~$782M.
CEO Reese waives voting rights on shares granted by Great Elm Group
Chairman/CEO Jason Reese waives all voting rights on GEG-issued shares granted as officer/director/employee (Covered Shares).
Great Elm Group dismisses Grant Thornton, appoints Deloitte as auditor for FY2025
Audit Committee dismissed Grant Thornton LLP on Sep 11, 2024, effective immediately.
Great Elm Q4 revenue triples to $8.9M; net loss narrows to $0.6M; AUM up 6%
Q4 revenue $8.9M vs $3.0M a year ago; full-year revenue $17.8M (up 106%).
Great Elm Group reports 47% revenue growth; net loss widens on unrealized loss
Revenue up 47% YoY to $2.8M; adjusted EBITDA of $1.2M vs loss of $0.3M in prior year.
Great Elm Group Q2 revenue up 50% to $2.8M; net loss of $0.2M; AUM grows to $655M
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.
Great Elm Group reports 2023 annual meeting results; all director nominees elected
All six director nominees elected: Drapkin, Hugar, Matter, Parmelee, Reese, Scheyer.
Great Elm Group Q1 revenue up 78% to $3.3M; net income $2.8M vs loss
Fee-paying AUM $451.4M (+5% YoY); total AUM $640.6M (+3% YoY).
Great Elm Group reports Q4 revenue up 96% YoY to $3.0M; first incentive fees from GECC
Q4 revenue $3.0M (+96% YoY); net loss from continuing ops ($5.3M); adjusted EBITDA $0.4M.
GEG appoints Keri Davis as CFO after Brent Pearson resigns; Davis also remains CFO of GECC
Brent Pearson resigned as CFO and CAO effective May 15, 2023; will stay as non-executive employee through Oct 31, 2023.
Great Elm Group CEO resigns, new CEO appointed; Q3 revenue up 92%, net loss narrows
Peter Reed resigned as CEO; Jason Reese appointed Chairman and CEO effective May 4, 2023.
Great Elm Group reports Q2 net income $29.7M, sells DME for $80M, Forest for ~$45M
Revenue $1.9M (+84% YoY); net income $29.7M vs loss $4.2M; Adj. EBITDA ($1.2M) unchanged.
Sold 61% of Forest to JPM for $18.4M cash; retains put option on remaining 19% for ~$26.5M, total expected ~$44.9M.
Great Elm Group stockholders approve 2.9M additional shares under incentive plan at annual meeting
Stockholders approved issuance of 2,900,000 additional shares under the 2016 Long-Term Incentive Compensation Plan.
Great Elm Group Q1 FY2023: revenue $18.6M (+12%), net loss $8.5M; IM revenue up 89%
Consolidated revenue $18.6M (+12% YoY); net loss $8.5M vs income $0.1M; Adjusted EBITDA $2.7M vs $4.3M.
Great Elm Group reports FY2022 revenue up 12% to $68M; net loss widens to $15M; AUM doubles to $607M
Revenue $68.0M (+12% YoY); net loss $(15.0)M vs $(8.5)M; Adj EBITDA $9.3M vs $8.6M.
Great Elm appoints Nichole Milz as COO effective Sep 6, 2022
Milz receives $275K salary, $225K minimum bonus target, and 48,544 RSUs vesting over 3 years.
Great Elm Group closes $26.9M offering of 7.25% Notes due 2027
Completed public offering of $26,945,000 aggregate principal amount of 7.25% Notes due 2027.
Peter A. Reed resigned from Great Elm Board on May 24, 2022; he continues as CEO with no dispute.
Great Elm Group releases Q3 fiscal 2022 presentation; detailed results unavailable from text
Furnished a presentation for fiscal third quarter ended March 31, 2022.
Great Elm Q3 revenue up 20% to $16.6M; net loss widens to $6.1M; acquires Monomoy REIT mgmt for $10M
Consolidated revenue $16.6M (vs $13.8M); net loss $6.1M (vs $2.8M); Adj. EBITDA $1.0M (vs $2.2M).
Great Elm Group recasts FY2021 results under new convertible-note accounting
Recast FY2021 (June 2021) financials to early-adopt ASU 2020-06 retrospectively from July 1, 2021.
Great Elm Group acquires Monomoy REIT management agreements for $10M; AUM doubles to $572M
Upfront purchase price of $10M paid with $2.5M in GEG stock, $1.25M in GECC stock, and $6.3M promissory note at 6.5% interest.
Great Elm Group Q2 revenue $16.7M, net loss widens to $4.2M; DME turns profitable
Consolidated revenue $16.7M (+9% YoY); net loss from continuing ops $4.2M vs $0.9M loss prior year.
Stockholders approve plan amendment increasing authorized shares by 2M at annual meeting
All 8 director nominees elected: Drapkin (9.6M for, 7.7M against), Harbin (12.7M), Hugar (12.3M), Parmelee (10.6M), Reed (12.8M), Reese (13.3M), Scheyer (12.3M), Serota (10.6M).
Great Elm Q1 revenue $16.5M, net income $0.1M vs year-ago loss; DME and IM improve
Consolidated revenue $16.5M (up 7% YoY); net income from continuing ops $0.1M vs loss $3.8M.
Great Elm Group reports Q4 revenue $16.3M, net loss $1.4M; DME revenue up 11% YoY
Consolidated revenue Q4 $16.3M (up 11% YoY); full-year $60.9M (up 3%).
On May 15, 2023, Brent J. Pearson resigned as Chief Financial Officer and Chief Accounting Officer of Great Elm Group, Inc.
On May 15, 2023, the Company appointed Keri A. Davis, age 39, as the Company’s Chief Financial Officer, effective immediately following Mr. Pearson’s resignation.
On May 4, 2023, Peter A. Reed resigned as Chief Executive Officer of the Company, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2023.
On May 4, 2023, the Company appointed Jason W. Reese, age 57, as the Company’s Chairman and Chief Executive Officer, effective immediately following Mr. Reed’s resignation.
On August 30, 2022, Great Elm Group, Inc. (the “Company”) appointed Nichole Milz, age 48, as Chief Operating Officer, effective September 6, 2022.
In connection with Mrs. Milz' appointment, Adam Kleinman, formerly the Company’s President and Chief Operating Officer, will continue serving as the Company’s President, effective September 6, 2022.
On May 25, 2022, the Board appointed David Matter as a director to fill the vacancy on the Board resulting from Mr. Reed’s resignation.
On May 24, 2022, Peter A. Reed tendered his notice of resignation from the Board of Directors (the “Board”) of Great Elm Group, Inc. (the “Company”).
Max materiality 0.85 · Median 0.65 · Most common event earnings