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Great Elm Group (GEG) investor relations material
Great Elm Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Nearly $250 million in capital was raised across credit and real estate platforms, supporting growth initiatives and platform expansion.
Revenue increased 170% year-over-year to $10.8 million, primarily due to a $7.4 million property sale.
Net loss of $7.9 million versus net income of $3 million a year ago, driven by unrealized investment losses.
Strategic partnerships with Kennedy Lewis and Woodstead brought $150 million in leverageable capital, $9 million in equity, and new board members.
Segment realignment and the acquisition of Greenfield CRE expanded construction management capabilities.
Financial highlights
Fiscal Q1 revenue was $10.8 million, up from $4 million year-over-year, driven by property sales.
Fee-paying AUM grew 10% year-over-year to $601 million; pro forma AUM up 7% to $792 million.
Cash and marketable securities totaled $53.5 million at quarter end.
Book value per share was approximately $2.30 at quarter end.
Adjusted EBITDA was a loss of $500,000 compared to a gain of $1.3 million in the prior year.
Outlook and guidance
Focus remains on growing fee-paying AUM, scaling credit and real estate platforms, and leveraging fixed cost infrastructure for operating leverage.
Management expects to accelerate capital raising for REIT and BDC platforms without significant increases in fixed costs.
Private credit strategy delivered 15.2% net returns year-to-date through September 30, 2025, with expectations for continued growth.
Management highlighted further upside potential from CoreWeave-related investment distributions.
Liquidity is considered sufficient to meet short- and long-term obligations.
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