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$1.14-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| For the year ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net revenue | $4,355 | $13,275 |
| Cost of sales | 16,820 | 6,993 |
| Gross (loss) profit | (12,465) | 6,282 |
| Operating expenses: | ||
| Salaries, benefits and payroll taxes | 9,947 | 7,380 |
| Stock based compensation – strategic advisory warrants | 18,553 | — |
| General and administrative | 10,646 | 9,764 |
| Restructuring expenses | 1,492 | — |
| Impairment of property, plant and equipment | 650 | 153 |
| Depreciation and amortization | 493 | 800 |
| Total operating expenses | 41,781 | 18,097 |
| Loss from operations | (54,246) | (11,815) |
| Other income (expense),net: | ||
| Interest expense | (394) | (5,941) |
| Change in fair value of contingent consideration | — | 1,000 |
| Change in fair value of digital assets | (31,147) | — |
| Loss on extinguishment of debt | — | (876) |
| Other expense, net | 213 | (25) |
| Total other expense, net | (31,327) | (5,842) |
| Loss before income taxes | (85,573) | (17,657) |
| Provision for income taxes | 7 | — |
| Net loss | (85,580) | (17,657) |
| Less: Net loss attributable to non-controlling interest | — | (17) |
| Net loss attributable to Greenlane Holdings, Inc. | $(85,580) | $(17,640) |
| Net loss attributable to Class A common stock per share - basic and diluted (Note 10)* | $(11.42) | $(14.56) |
| Weighted-average shares of Class A common stock outstanding - basic and diluted (Note 10)* | 7,492 | 1,212 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments | — | 20 |
| Comprehensive loss | (85,580) | (17,637) |
| Less: comprehensive loss attributable to non-controlling interest | — | (17) |
| Comprehensive loss attributable to Greenlane Holdings, Inc. | $(85,580) | $(17,620) |
| * | 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.