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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Item 8. Consolidated Statements of Cash Flows
| For the year ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net loss | $(85,580) | $(17,657) |
| Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities: | ||
| Depreciation and amortization | 493 | 800 |
| Stock-based compensation expense | 4,837 | 86 |
| Strategic advisory warrants | 18,553 | — |
| Change in fair value of contingent consideration | — | (1,000) |
| Change in provision for credit losses | 1,974 | 245 |
| Loss on disposal of fixed assets | 121 | 215 |
| Loss on extinguishment of debt | — | 876 |
| Write-off of vendor deposits, accrued liabilities and customer deposits | (571) | — |
| Impairment of inventory | 6,301 | — |
| Impairment of property and equipment | 650 | 153 |
| Change in fair value of digital assets | 31,147 | — |
| Amortization of deferred financing costs and debt discount | 284 | 4,927 |
| Other | 57 | 171 |
| Changes in operating assets and liabilities: | ||
| (Increase) decrease in accounts receivable | 716 | (2,814) |
| Decrease in inventories | 9,712 | 6,315 |
| Decrease in vendor deposits | — | 674 |
| Decrease in other assets | (193) | 3,533 |
| Decrease in accounts payable | (5,170) | (2,319) |
| Decrease in accrued expenses and other liabilities | 409 | (841) |
| Decrease in customer deposits | — | (114) |
| Net cash and cash equivalents used in operating activities | (16,260) | (6,750) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment, net | (98) | (244) |
| Purchase of Digital Assets - BERA | (8,162) | — |
| Net cash and cash equivalents used in investing activities | (8,260) | (244) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of Class A common stock, net of issuance costs | 20,746 | 5,640 |
| Proceeds from exercise of stock options and warrants, net of costs | 43,346 | 1,827 |
| Repayment of loan against future accounts receivable | — | (939) |
| Proceeds from future receivables financing | — | 225 |
| Repayments of notes payable | (7,958) | (2,275) |
| Proceeds from notes payable | — | 2,950 |
| Other | — | (1) |
| Net cash and cash equivalents provided by financing activities | 56,134 | 7,427 |
| Effects of exchange rate changes on cash and cash equivalents | — | 3 |
| Net increase in cash and cash equivalents | 31,614 | 436 |
| Cash and cash equivalents, as of beginning of the year | 899 | 463 |
| Cash and cash equivalents, as of end of year | $32,513 | $899 |
| Supplemental disclosures of cash flow information | ||
|---|---|---|
| Cash paid during the period for interest | $107 | $916 |
| Cash paid during the period for income taxes | $— | $— |
| Non-cash investing activities and financing activities: | ||
| Fair value of common stock warrants issued as a debt discount | $— | $1,699 |
| Extinguishment of debt in connection with Synergy Asset purchase agreement | $— | $2,658 |
| Digital assets exchanged for Class A common stock and warrants | $59,540 | $— |
| Issuance of Class A Warrants | $— | $3,673 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.