Great Elm Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 4, 2026, reporting revenues of $3,338 thousand for the first fiscal quarter of 2027.

Key Highlights

  • Revenue declined sharply: Revenues for the three months ended September 30, 2026 were $3,338 thousand, compared to $10,788 thousand in the same period of 2025, according to the filing.
  • Accumulated deficit: The company reported an accumulated deficit of $3,279,653 thousand as of September 30, 2026, up from $3,275,507 thousand at June 30, 2026.
  • Total assets: Total assets were $110,013 thousand at September 30, 2026, down from $113,684 thousand at June 30, 2026.
  • Cash position: Cash and cash equivalents stood at $43,204 thousand at September 30, 2026, compared to $53,474 thousand at June 30, 2026.
  • Convertible notes: Convertible notes had a face value of $36,838 thousand, including $17,853 thousand held by related parties, as disclosed in the balance sheet.
  • Shares outstanding: As of October 29, 2026, there were 30,848,485 shares of common stock outstanding, the filing stated.
  • Smaller reporting company: The registrant identified itself as a non-accelerated filer and smaller reporting company.

Great Elm Group's September 2026 Quarter: Key Financial Figures

Great Elm Group, Inc. (NASDAQ:GEG), headquartered in Palm Beach Gardens, Florida, disclosed its unaudited condensed consolidated financial results for the three months ended September 30, 2026 in its quarterly report. According to the filing, revenues for the quarter totaled $3,338 thousand, a significant decrease from $10,788 thousand in the three months ended September 30, 2025. Cost of revenues in the prior-year period was $6,748 thousand; no comparable cost of revenues figure was listed for the current quarter in the extracted financials.

The balance sheet as of September 30, 2026 showed total assets of $110,013 thousand, down from $113,684 thousand at June 30, 2026. Within current assets, cash and cash equivalents fell to $43,204 thousand from $53,474 thousand, while investments at fair value rose to $35,217 thousand from $32,612 thousand. Real estate assets, net, increased to $8,963 thousand from $2,403 thousand. The filing also noted that assets of Consolidated Funds, which included cash and investments totaling approximately $5,520 thousand at June 30, 2026, were reduced to zero by September 30, 2026.

On the liabilities side, the company reported total liabilities of $73,364 thousand at September 30, 2026, compared to $72,875 thousand at June 30, 2026. Debt with a face value of $26,945 thousand was classified as current as of September 30, 2026, having been classified as long-term at the prior period-end. Convertible notes carried a face value of $36,838 thousand, with $17,853 thousand held by related parties. Total stockholders' equity attributable to Great Elm Group, Inc. was $36,649 thousand, down from $40,809 thousand at June 30, 2026. The company disclosed that it manages Great Elm Capital Corp. (NASDAQ:GECC) through its subsidiary Great Elm Capital Management, LLC, and also manages Monomoy UpREIT, LLC through Monomoy CRE, LLC. The filing contains forward-looking statements that the company cautions are subject to risks and uncertainties as described in its cautionary language.

What Was Disclosed

Great Elm Group filed a 10-Q for the quarter ended September 30, 2026, disclosing unaudited financial statements showing revenues of $3,338 thousand, total assets of $110,013 thousand, an accumulated deficit of $3,279,653 thousand, and 30,848,485 shares outstanding as of October 29, 2026.