Greenlane Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 31, 2026
GNLN$1.16+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except par value per share amounts)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $32,513 | $899 |
| Accounts receivable, net of allowance of $1,511 and $2,616 at December 31, 2025 and 2024, respectively | 1,572 | 4,262 |
| Inventories, net | — | 14,215 |
| Vendor deposits | — | 3,091 |
| Other current assets (Note 8) | 2,001 | 1,305 |
| Total current assets | 36,086 | 23,772 |
| Property and equipment, net | 253 | 1,420 |
| Operating lease right-of-use assets | 144 | 1,043 |
| Digital assets | 36,555 | — |
| Other assets | 1,893 | 2,396 |
| Total assets | $74,931 | $28,631 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable | $5,414 | $9,787 |
| Accrued expenses and other current liabilities (Note 8) | 1,627 | 1,218 |
| Customer deposits | — | 2,661 |
| Notes payable | — | 7,674 |
| Current portion of operating leases | 166 | 926 |
| Total current liabilities | 7,207 | 22,266 |
| Operating leases, less current portion | — | 83 |
| Total liabilities | 7,207 | 22,349 |
| Commitments and contingencies (Note 7) | - | - |
| STOCKHOLDERS’ EQUITY* | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding | — | — |
| Class A common stock, $0.01 par value per share, 600,000,000 shares authorized, 4,829,563 and 3,023 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively* | 48 | — |
| Class B common stock, $0.0001 par value per share, 30,000,000 shares authorized, and 0 shares issued and outstanding as of December 31, 2025 and 2024* | — | — |
| Additional paid-in capital* | 428,069 | 281,095 |
| Accumulated deficit | (360,509) | (274,929) |
| Accumulated other comprehensive income | 265 | 265 |
| Total stockholders’ equity attributable to Greenlane Holdings, Inc. | 67,873 | 6,431 |
| Non-controlling interest | (149) | (149) |
| Total stockholders’ equity | 67,724 | 6,282 |
| Total liabilities and stockholders’ equity | $74,931 | $28,631 |
| * | After giving effect to the Reverse Stock Splits - See Note 10 - Stockholders’ Equity. |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.