Greenlane Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 14, 2025
GNLN$1.14-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(16,015) | $(8,882) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 394 | 635 |
| Equity-based compensation expense | — | 86 |
| Change in fair value of contingent consideration | — | (1,000) |
| Accretion of debt discount | 284 | 3,373 |
| Gain on extinguishment of debt | — | (2,166) |
| Change in provision for credit losses | 767 | 41 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (643) | (660) |
| Inventories | 7,965 | 4,516 |
| Vendor deposits | 3,027 | 40 |
| Other current assets | (219) | 1,058 |
| Accounts payable | (5,721) | (1,221) |
| Accrued expenses and other liabilities | 336 | 468 |
| Customer deposits | (1,977) | (1,520) |
| Net used in operating activities | (11,802) | (5,232) |
| Cash flows from Investing Activities: | ||
| Purchases of property and equipment, net | (75) | (173) |
| Net cash used in investing activities | (75) | (173) |
| Cash flows from Financing Activities: | ||
| Proceeds from issuance of Class A common stock and warrants | 20,746 | 5,640 |
| Proceeds from exercise of stock options, net of costs | 1,477 | |
| Proceeds from notes payable | — | 2,950 |
| Payments on notes payable | (7,958) | (2,100) |
| Proceeds from future receivables financing | — | 225 |
| Repayments of loan against future accounts receivable | — | (939) |
| Other | — | (5) |
| Net cash provided by financing activities | 12,788 | 7,248 |
| Effects of exchange rate changes on cash | — | 3 |
| Net increase in cash | 911 | 1,846 |
| Cash as of beginning of the period | 899 | 463 |
| Cash as of end of the period | $1,810 | $2,309 |
GREENLANE HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
(Unaudited)
(in thousands)
| Supplemental disclosures of cash flow information | ||
|---|---|---|
| Cash paid for interest | $107 | $778 |
| Non-cash financing activities: | ||
| Extinguishment of debt in connection with Synergy asset purchase agreement | $— | $2,658 |
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