Great Elm Group (GEG) Q1 2027 earnings summary

Executive summary

• Fiscal Q1 2027 revenue was $3.338M versus $10.788M YoY, with the comparison affected by a prior-year build-to-suit property sale; net loss attributable to stockholders was $4.146M versus $7.030M.

• Real estate acquisitions, development and fee growth advanced; Monomoy REIT's investment pipeline reached nearly $90M, its largest to date.

• Strategic priorities include expanding fee-paying AUM and recurring fee revenue, improving investment performance, and building scalable credit and real estate businesses.

Financial highlights

• Revenue was $3.338M versus $10.788M; prior-year revenue included a build-to-suit property sale, reported as ~$7.4M in sale revenue.

• Net loss attributable to stockholders was $4.146M versus $7.030M; lower net realized and unrealized investment losses primarily drove the improvement.

• Adjusted EBITDA was $(0.9)M versus $(0.5)M YoY; leveraged free cash flow was $(1.733)M versus $(0.965)M.

• Basic and diluted loss per share was $0.14 versus $0.24 YoY.

Outlook and guidance

• Priorities include disciplined capital allocation, growing AUM and recurring fee revenue, improving investment performance, and scaling credit and real estate operations.

• Managed vehicles raised nearly $400M of gross capital since July 1, 2025; real estate capital-raising efforts are intended to support platform growth.

• Monomoy REIT's pipeline reached nearly $90M, while MBTS neared completion of its fourth build-to-suit project.