The firm's balance sheet reflects significant contraction, with total assets declining to $111.8M in 2026Q3 alongside a long-term accumulation of negative retained earnings totaling -$3.3B.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 |
|---|
| Cash & Short Term Investments | 386.15M | 109.45M | 116.5M | 117.37M | 72.12M | 74.92M | 49.2M | 29.23M | 61.13M | 66.78M | 80.72M | 85.47M | 133.94M | 58.41M |
| Cash & Due from Banks | 45.53M | 34.51M | 50.52M | 60.16M | 22.28M | 24.38M | 40.5M | 12.12M | 42.96M | 45.89M | 80.72M | 73.75M | 93.88M | 47.61M |
| Short Term Investments | 0 | 74.94M | 65.98M | 57.21M | 49.84M | 50.53M | 8.71M | 17.11M | 18.17M | 20.89M | 0 | 11.71M | 40.07M | 10.79M |
| Total Investments | 0 | 74.94M | 65.98M | 57.21M | 49.84M | 50.53M | 8.71M | 17.11M | 18.17M | 20.89M | 0 | 11.71M | 51.81M | 10.79M |
| Investments Growth % | -108.59% | 13.57% | 15.35% | 14.78% | -1.38% | 480.52% | -49.12% | -5.84% | -12.99% | - | -100% | -77.39% | 380.06% | - |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.74M | 0 |
| Accounts Receivables | 4.15M | 4.49M | 1.68M | 2.17M | 5.87M | 6.52M | 9.05M | 10.25M | 1.34M | 712K | 0 | 0 | 0 | 88K |
| Goodwill & Intangibles | 11.6M | 12.45M | 11.04M | 12.12M | 13.25M | 59.46M | 60.27M | 67.97M | 9.4M | 4.1M | 0 | 0 | 2.06M | 0 |
| Goodwill | 440K | 440K | 0 | 0 | 0 | 50.54M | 50.01M | 50.4M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 11.16M | 12.01M | 11.04M | 12.12M | 13.25M | 8.93M | 10.26M | 17.58M | 9.4M | 4.1M | 0 | 0 | 2.06M | 0 |
| PP&E (Net) | 1.33M | 1.6M | 225K | 497K | 733K | 13.61M | 6.8M | 62.02M | 57.2M | 1.73M | 0 | 110K | 187K | 212K |
| Other Assets | 1.64M | 1.99M | 1.61M | 143K | 69.66M | 258K | 67.05M | 10.34M | 3.39M | 2.85M | 930K | 2.65M | 1.46M | 1.86M |
| Total Current Assets | 97.22M | 137.9M | 127.57M | 123.14M | 84.44M | 88.53M | 61.33M | 42.4M | 63.59M | 68.01M | 80.82M | 86.13M | 134.99M | 76.17M |
| Total Non-Current Assets | 14.56M | 16.04M | 12.88M | 12.76M | 83.65M | 73.33M | 134.12M | 140.33M | 69.99M | 8.68M | 930K | 2.76M | 15.45M | 2.07M |
| Total Assets | 111.78M | 153.94M | 140.45M | 135.89M | 168.09M | 161.87M | 195.44M | 182.73M | 133.59M | 76.69M | 81.75M | 88.88M | 150.44M | 78.24M |
| Asset Growth % | 1.85% | 9.61% | 3.35% | -19.15% | 3.84% | -17.18% | 6.96% | 36.78% | 74.18% | -6.19% | -8.03% | -40.92% | 92.29% | - |
| Return on Assets (ROA) | -16.49% | 8.76% | -1% | 18.24% | -9.03% | -4.07% | -6.86% | -4.2% | -10.53% | -19.2% | -17.9% | -10.19% | -4.89% | -50.72% |
| Accounts Payable | 777K | 1.03M | 317K | 191K | 8K | 5.52M | 5.01M | 5.16M | 32K | 52K | 0 | 678K | 1.18M | 2.32M |
| Total Debt | 36.9M | 62.59M | 61.18M | 63.44M | 101.9M | 76.42M | 57.15M | 102.17M | 62.49M | 5.24M | 34.64M | 29.87M | 25.69M | 22.1M |
| Net Debt | -8.63M | 28.08M | 10.67M | 3.27M | 79.62M | 52.04M | 16.65M | 90.05M | 19.53M | -40.66M | -46.08M | -43.88M | -68.18M | -25.52M |
| Long-Term Debt | 36.56M | 60.98M | 60.99M | 62.94M | 101.09M | 68.86M | 40.34M | 90.04M | 58.86M | 2.92M | 0 | 29.87M | 25.69M | 22.1M |
| Short-Term Debt | 346K | 0 | 0 | 0 | 341K | 3.89M | 11.14M | 5.6M | 2M | 250K | 34.64M | 0 | 0 | 0 |
| Other Liabilities | 28.01M | 1.42M | 845K | 1.59M | 4.58M | 915K | 53.18M | 513K | 331K | 186K | 16K | 24.77M | 36.15M | 1.74M |
| Total Current Liabilities | 7.38M | 9.61M | 8.36M | 7.38M | 19.69M | 33.01M | 29.3M | 18.07M | 8.51M | 5.73M | 44.91M | 10.74M | 25.53M | 10.47M |
| Total Non-Current Liabilities | 64.57M | 63.66M | 61.89M | 64.67M | 106.14M | 73.44M | 97.57M | 95.66M | 60.49M | 4.75M | 16K | 54.64M | 61.84M | 23.84M |
| Total Liabilities | 71.94M | 73.27M | 70.25M | 72.05M | 125.83M | 106.44M | 126.88M | 113.73M | 69M | 10.48M | 44.93M | 65.38M | 87.37M | 34.31M |
| Total Equity | 39.84M | 80.67M | 70.19M | 63.84M | 42.25M | 55.42M | 68.57M | 68.99M | 64.59M | 66.22M | 36.82M | 23.5M | 63.07M | 43.93M |
| Equity Growth % | -22.74% | 14.92% | 9.95% | 51.09% | -23.76% | -19.17% | -0.61% | 6.83% | -2.46% | 79.83% | 56.66% | -62.73% | 43.58% | - |
| Equity / Assets (Capital Ratio) | 35.64% | 52.4% | 49.98% | 46.98% | 25.14% | 34.24% | 35.08% | 37.76% | 48.35% | 86.34% | 45.04% | 26.44% | 41.92% | 56.15% |
| Return on Equity (ROE) | -34.84% | 17.09% | -2.07% | 52.27% | -30.49% | -11.73% | -18.86% | -9.95% | -16.92% | -29.52% | -50.63% | -28.17% | -10.45% | -90.33% |
| Book Value per Share | 1.30 | 2.08 | 2.34 | 2.18 | 1.58 | 2.15 | 2.70 | 2.74 | 2.66 | 2.85 | 3.91 | 2.52 | 6.96 | 5.80 |
| Tangible BV per Share | 0.92 | 1.76 | 1.97 | 1.77 | 1.08 | -0.16 | 0.33 | 0.04 | 2.27 | 2.68 | 3.91 | 2.52 | 6.74 | 5.80 |
| Common Stock | 28K | 25K | 30K | 30K | 29K | 26K | 26K | 25K | 25K | 23K | 9K | 9K | 111K | 100K |
| Additional Paid-in Capital | 0 | 3.31B | 3.32B | 3.32B | 3.31B | 3.31B | 3.32B | 3.31B | 3.3B | 3.29B | 3.25B | 3.25B | 3.24B | 3.22B |
| Retained Earnings | -3.28B | -3.24B | -3.25B | -3.25B | -3.28B | -3.26B | -3.26B | -3.24B | -3.24B | -3.23B | -3.21B | -3.22B | -3.18B | -3.18B |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 234K | 24K | 2K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -93K | -884K | -575K |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent operating cash burn
As reported in recent financial statements, Great Elm Group's total assets have declined from $155.0M in 2026Q1 to $111.8M by 2026Q3, signaling a contraction in the firm's balance sheet scale that reflects the underlying instability of its investment-linked asset management business model.
The reduction in total assets suggests that the company is struggling to maintain its footprint in a competitive middle-market credit environment. This downward trend warrants further investigation into whether the firm is intentionally liquidating positions or if it is experiencing involuntary asset attrition due to market performance.
Based on reported figures, the company's debt-to-equity ratio fluctuated from 0.75 in 2026Q1 to 0.93 in 2026Q3, indicating that management is maintaining a relatively conservative leverage profile despite the persistent operating losses that continue to erode the firm's equity base.
While the D/E ratio remains within a manageable range, the reliance on debt to fund operations in the absence of positive cash flow is a precarious strategy. Investors should monitor whether the 2027 maturity of the notes creates a refinancing wall that the current asset base may be unable to support.
According to quarterly filings, the company's cash position dropped significantly from $125.8M in 2026Q1 to $45.5M in 2026Q3, highlighting a rapid depletion of liquidity that appears to be driven by both operating cash burn and aggressive capital allocation toward share repurchases.
The current ratio of 13.18 remains high, but this metric is heavily distorted by the large cash balance relative to current liabilities. The rapid decline in cash reserves suggests that the company's liquidity buffer is shrinking faster than the business can generate self-sustaining operational cash flow.
As evidenced by the historical balance sheet data, the company's retained earnings remain deeply negative at -$3.3B, reflecting a long-term accumulation of losses that continues to weigh on the overall quality of the equity base and shareholder value.
The persistent negative retained earnings suggest that the company has not yet achieved a sustainable path to profitability. This structural deficit implies that any future equity growth must come from external capital or significant non-operating gains rather than internal value creation.
Based on the provided financial data, the company's goodwill has plummeted from $11.6M in 2024Q2 to just $440.0K in 2026Q3, which may indicate significant write-downs of past acquisitions and raises questions regarding the historical valuation of the firm's management platform.
The near-total elimination of goodwill suggests that previous growth-by-acquisition strategies have failed to deliver the expected synergies. This impairment trend serves as a warning that the carrying value of the firm's remaining assets may still be subject to further downward revisions.
Quick answers to the most common questions about buying GEGGL stock.
As of 2025, Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) had total assets of $153.9M including $137.9M in current assets.
Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) carries total debt of $62.6M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) has total shareholders' equity (book value) of $70.3M ($2.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Great Elm Group, Inc. 7.25% Notes due 2027 (GEGGL) reported a current ratio of 14.34x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.