Greenlane Holdings, Inc. (GNLN) 10-Year Financial Performance & Capital Metrics

GNLN • • Industrial / General

Consumer DefensiveTobaccoCannabis & AccessoriesCannabis Accessories & Distribution

AboutGreenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates through two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers and packaging, grinders, and apparel lines, as well as bubblers, rigs, and other smoking and vaporization related accessories and merchandise. It offers its products under the VIBES rolling papers, Pollen Gear, the Marley Natural accessory line, Aerospaced & Groove grinders, Marley Natural, K. Haring Glass Collections, Eyce silicone pipes, Higher Standards, and DaVinci vaporizers brands. The company also operates e-commerce websites, such as Vapor.com, Higherstandards.com, Aerospaced.com, DaVincivaporizer.com, Harringglass.com, Eycemolds.com, Vapor.ca, Vaposhop.com, and Puffitup.com. It serves customers through a network of 8,500 smoke shops, cannabis dispensaries, and specialty retailers. Greenlane Holdings, Inc. was founded in 2005 and is headquartered in Boca Raton, Florida.Show more

Revenue $13M -79.7%
EBITDA -$11M +53.8%
Net Income -$18M +45.2%
EPS (Diluted) -10915.00 -12067.0%
Gross Margin 47.32% +73.5%
EBITDA Margin -82.98% -127.5%
Operating Margin -89% -123.1%
Net Margin -132.88% -170.0%
ROE -204.24% -58.6%
ROIC -52.49% +3.4%
Debt/Equity 1.38 +65.8%
Interest Coverage -1.99 +58.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 4 (bottom 4%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 41.0% over 5 years
✗Shares diluted 100.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-40.96%

3Y-56.92%

TTM-78.46%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-87.86%

EPS CAGR

10Y-

5Y-

3Y-

TTM-542.88%

ROCE

10Y Avg-48.39%

5Y Avg-85.47%

3Y Avg-114.86%

Latest-128.65%

Peer Comparison

Cannabis Accessories & Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNLNGreenlane Holdings, Inc.	11.31M	1.42	-0.00	-79.69%	-5.33%	-225.1%		1.38

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	66.69M	88.26M	178.93M	185.01M	138.3M	166.06M	137.09M	65.37M	13.28M
Revenue Growth %	-	0.32%	1.03%	0.03%	-0.25%	0.2%	-0.17%	-0.52%	-0.8%
Cost of Goods Sold+	58.62M	67.69M	143.2M	153.92M	115.54M	132.21M	112.1M	47.55M	6.99M
COGS % of Revenue	0.88%	0.77%	0.8%	0.83%	0.84%	0.8%	0.82%	0.73%	0.53%
Gross Profit+	8.07M	20.57M	35.74M	31.09M	22.77M	33.85M	24.98M	17.83M	6.28M
Gross Margin %	0.12%	0.23%	0.2%	0.17%	0.16%	0.2%	0.18%	0.27%	0.47%
Gross Profit Growth %	-	1.55%	0.74%	-0.13%	-0.27%	0.49%	-0.26%	-0.29%	-0.65%
Operating Expenses+	7.94M	17.85M	38.22M	56.01M	71.74M	86.58M	209.09M	43.91M	18.1M
OpEx % of Revenue	0.12%	0.2%	0.21%	0.3%	0.52%	0.52%	1.53%	0.67%	1.36%
Selling, General & Admin	7.94M	17.06M	36.72M	53.31M	60.22M	81.89M	72.29M	41.67M	17.14M
SG&A % of Revenue	0.12%	0.19%	0.21%	0.29%	0.44%	0.49%	0.53%	0.64%	1.29%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	791.21K	1.49M	2.71M	11.52M	4.69M	136.79M	2.24M	953K
Operating Income+	124.09K	2.72M	-2.48M	-24.92M	-48.98M	-52.72M	-184.1M	-26.08M	-11.81M
Operating Margin %	0%	0.03%	-0.01%	-0.13%	-0.35%	-0.32%	-1.34%	-0.4%	-0.89%
Operating Income Growth %	-	20.89%	-1.91%	-9.05%	-0.96%	-0.08%	-2.49%	0.86%	0.55%
EBITDA+	696.25K	3.51M	-989.1K	-22.22M	-46.45M	-48.03M	-176.7M	-23.84M	-11.02M
EBITDA Margin %	0.01%	0.04%	-0.01%	-0.12%	-0.34%	-0.29%	-1.29%	-0.36%	-0.83%
EBITDA Growth %	-	4.04%	-1.28%	-21.46%	-1.09%	-0.03%	-2.68%	0.87%	0.54%
D&A (Non-Cash Add-back)	572.15K	791.21K	1.49M	2.71M	2.52M	4.69M	7.41M	2.24M	800K
EBIT	379.79K	2.74M	-2.38M	-27.91M	-47.07M	-52.84M	-179.79M	-26.88M	-11.72M
Net Interest Income+	0	-269.71K	-3.19M	-975K	-437K	-574K	-2.45M	-5.45M	-5.94M
Interest Income	183.88K	0	433	0	0	0	0	0	0
Interest Expense	0	269.71K	3.19M	975K	437K	574K	2.45M	5.45M	5.94M
Other Income/Expense	71.82K	-241.68K	-3.14M	-3.96M	1.47M	-691K	1.86M	-6.24M	-5.84M
Pretax Income+	195.91K	2.47M	-5.57M	-28.89M	-47.51M	-53.41M	-182.24M	-32.33M	-17.66M
Pretax Margin %	0%	0.03%	-0.03%	-0.16%	-0.34%	-0.32%	-1.33%	-0.49%	-1.33%
Income Tax+	108.93K	182.53K	319.32K	10.94M	194K	10K	-13K	0	0
Effective Tax Rate %	0.44%	0.93%	1.06%	1%	0.31%	0.57%	0.93%	1%	1%
Net Income+	86.98K	2.29M	-5.89M	-28.82M	-14.52M	-30.58M	-169.51M	-32.17M	-17.64M
Net Margin %	0%	0.03%	-0.03%	-0.16%	-0.1%	-0.18%	-1.24%	-0.49%	-1.33%
Net Income Growth %	-	25.34%	-3.57%	-3.89%	0.5%	-1.11%	-4.54%	0.81%	0.45%
Net Income (Continuing)	86.98K	2.29M	-5.89M	-39.82M	-47.7M	-53.42M	-182.23M	-32.33M	-17.66M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	92.08M	54.19M	21.84M	18K	-132K	-149K
EPS (Diluted)+	18.33	482.53	-1239.79	-2109.36	-2673.26	-1743.08	-2475.90	-89.71	-10915.00
EPS Growth %	-	25.32%	-3.57%	-0.7%	-0.27%	0.35%	-0.42%	0.96%	-120.67%
EPS (Basic)	18.33	482.53	-1239.79	-2109.36	-2673.26	-1743.08	-2475.90	-89.71	-10915.00
Diluted Shares Outstanding	6	6	6	6	7	23	91	484	1.61K
Basic Shares Outstanding	6	6	6	6	7	23	91	484	1.61K
Dividend Payout Ratio	4.95%	0.12%	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10M	23.29M	57.11M	115.27M	96.08M	124.74M	76.7M	29.77M	23.77M
Cash & Short-Term Investments	1.69M	2.08M	7.34M	47.77M	30.43M	12.86M	6.46M	463K	899K
Cash Only	1.69M	2.08M	7.34M	47.77M	30.43M	12.86M	6.46M	463K	899K
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.34M	3.76M	8.22M	8.09M	10.72M	19.5M	13.58M	3.01M	4.26M
Days Sales Outstanding	7.32	15.55	16.76	15.96	28.29	42.87	36.16	16.79	117.18
Inventory	6.64M	14.16M	29.5M	43.36M	47.35M	66.98M	40.64M	20.53M	14.21M
Days Inventory Outstanding	41.37	76.35	75.2	102.82	149.59	184.93	132.33	157.59	741.95
Other Current Assets	330.69K	950.5K	4.13M	4.92M	6.03M	4.19M	8.43M	798K	1M
Total Non-Current Assets+	6M	6.28M	20.92M	38.23M	26.57M	161.09M	12.98M	8.32M	4.86M
Property, Plant & Equipment	354.55K	597.49K	11.64M	17.86M	15.3M	29.98M	7.4M	4.41M	2.46M
Fixed Asset Turnover	188.10x	147.72x	15.37x	10.36x	9.04x	5.54x	18.51x	14.82x	5.39x
Goodwill	3.15M	3.15M	5.45M	11.98M	3.28M	41.86M	0	0	0
Intangible Assets	1.6M	1.56M	3.66M	6.3M	5.95M	84.71M	0	0	0
Long-Term Investments	893.6K	915.92K	75K	0	0	0	0	0	1.9M
Other Non-Current Assets	0	63.95K	92.08K	2.09M	2.04M	4.54M	5.58M	3.91M	496K
Total Assets+	16M	29.57M	78.02M	153.5M	122.65M	285.83M	89.69M	38.09M	28.63M
Asset Turnover	4.17x	2.98x	2.29x	1.21x	1.13x	0.58x	1.53x	1.72x	0.46x
Asset Growth %	-	0.85%	1.64%	0.97%	-0.2%	1.33%	-0.69%	-0.58%	-0.25%
Total Current Liabilities+	6.44M	19.52M	30.43M	26.26M	41.86M	70.97M	35.66M	26.09M	22.27M
Accounts Payable	4.6M	15.5M	20.23M	11.31M	18.41M	23.04M	14.95M	12.1M	9.79M
Days Payables Outstanding	28.66	83.58	51.55	26.82	58.14	63.61	48.69	92.91	510.83
Short-Term Debt	697.69K	7.79K	262.94K	178K	1.33M	11.62M	3.19M	7.28M	7.67M
Deferred Revenue (Current)	108.05K	720.53K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	922.7K	1.09M	3.49M	2.78M	19.55M	16.52M	7.51M	1.93M	1.05M
Current Ratio	1.55x	1.19x	1.88x	4.39x	2.30x	1.76x	2.15x	1.14x	1.07x
Quick Ratio	0.52x	0.47x	0.91x	2.74x	1.16x	0.81x	1.01x	0.35x	0.43x
Cash Conversion Cycle	20.03	8.32	40.41	91.97	119.74	164.19	119.8	81.47	348.3
Total Non-Current Liabilities+	2.11M	656.31K	58.65M	12.68M	11.54M	18.5M	15.04M	1.01M	83K
Long-Term Debt	2.01M	565.25K	48.38M	8.02M	7.84M	10.61M	13.04M	0	0
Capital Lease Obligations	106.03K	91.06K	236.71K	4.04M	2.73M	6.21M	1.92M	1.01M	83K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	10.03M	620K	964K	1.67M	79K	1K	0
Total Liabilities	8.55M	20.18M	89.08M	38.94M	53.39M	89.46M	50.69M	27.1M	22.35M
Total Debt+	2.81M	727.26K	48.88M	13.43M	11.9M	31.7M	19.8M	9.17M	8.68M
Net Debt	1.12M	-1.35M	41.53M	-34.34M	-18.53M	18.84M	13.34M	8.7M	7.78M
Debt / Equity	0.38x	0.08x	-	0.12x	0.17x	0.16x	0.51x	0.83x	1.38x
Debt / EBITDA	4.03x	0.21x	-	-	-	-	-	-	-
Net Debt / EBITDA	1.61x	-0.39x	-	-	-	-	-	-	-
Interest Coverage	-	10.07x	-0.78x	-25.56x	-112.07x	-91.85x	-75.14x	-4.79x	-1.99x
Total Equity+	7.45M	9.4M	-11.06M	114.56M	69.26M	196.36M	38.99M	10.99M	6.28M
Equity Growth %	-	0.26%	-2.18%	11.36%	-0.4%	1.84%	-0.8%	-0.72%	-0.43%
Book Value per Share	999999.00	999999.00	-999999.00	999999.00	999999.00	999999.00	427139.48	22710.81	3889.78
Total Shareholders' Equity	7.45M	9.4M	-11.06M	22.49M	15.06M	174.53M	38.97M	11.12M	6.43M
Common Stock	6.45M	6.45M	0	109K	142K	43K	15K	36K	21K
Retained Earnings	1.25M	3.15M	-10.77M	-9.6M	-24.85M	-55.54M	-225.11M	-257.29M	-274.93M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-246.82K	-208.71K	-285.99K	-72K	29K	324K	55K	245K	265K
Minority Interest	0	0	0	92.08M	54.19M	21.84M	18K	-132K	-149K

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.64M	3.12M	-13.58M	-36.9M	-12.3M	-37.33M	-26.43M	-1.79M	-6.75M
Operating CF Margin %	0.04%	0.04%	-0.08%	-0.2%	-0.09%	-0.22%	-0.19%	-0.03%	-0.51%
Operating CF Growth %	-	0.18%	-5.35%	-1.72%	0.67%	-2.03%	0.29%	0.93%	-2.76%
Net Income	86.98K	2.29M	-5.89M	-39.82M	-47.7M	-53.42M	-182.23M	-32.33M	-17.66M
Depreciation & Amortization	572.15K	789K	1.49M	2.71M	2.52M	4.69M	7.41M	2.24M	800K
Stock-Based Compensation	0	0	4.06M	8.02M	853K	5.71M	2.3M	284K	86K
Deferred Taxes	0	0	855.44K	10.89M	0	613K	0	0	0
Other Non-Cash Items	-14.42K	158.47K	265.64K	5.19M	14.35M	-1.42M	130.88M	4.02M	5.59M
Working Capital Changes	2M	-114.99K	-14.36M	-23.89M	17.68M	6.49M	15.21M	23.99M	4.43M
Change in Receivables	324.47K	-2.67M	-4.99M	635K	1.19M	-1.39M	4.91M	4.59M	-2.81M
Change in Inventory	350.41K	-8.61M	-11.94M	-11.74M	7M	5.73M	26.34M	20.11M	6.32M
Change in Payables	833.09K	10.9M	2.66M	-11.26M	7.09M	-1.3M	-6.46M	-2.77M	-2.32M
Cash from Investing+	-76.34K	-886.57K	-10.22M	-3.73M	-4.14M	-19.69M	12.03M	30K	-244K
Capital Expenditures	-76.34K	-289.83K	-10.9M	-2.02M	-1.79M	-4.72M	-2.78M	-1.01M	-244K
CapEx % of Revenue	0%	0%	0.06%	0.01%	0.01%	0.03%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	-596.74K	-29K	-53K	-515K	675K	8.94M	-1.04M	0
Cash from Financing+	-1.29M	-1.89M	29.13M	80.98M	-1.06M	38.96M	13.93M	-10.14M	7.43M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-430.17K	-282.47K	-1.63M	-898K	-604K	-200K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-855.37K	-66.16K	-187K	-110K	-269K	-273K	-2.33M	1.05M	1.11M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.57M	2.24M	-24.5M	-38.98M	-14.61M	-42.05M	-29.21M	-2.8M	-6.99M
FCF Margin %	0.04%	0.03%	-0.14%	-0.21%	-0.11%	-0.25%	-0.21%	-0.04%	-0.53%
FCF Growth %	-	-0.13%	-11.95%	-0.59%	0.63%	-1.88%	0.31%	0.9%	-1.5%
FCF per Share	405525.06	353434.03	-999999.00	-999999.00	-999999.00	-999999.00	-319990.36	-5785.14	-4330.65
FCF Conversion (FCF/Net Income)	30.39x	1.36x	2.31x	1.28x	0.85x	1.22x	0.16x	0.06x	0.38x
Interest Paid	0	269.71K	3.18M	975K	437K	574K	2.25M	0	0
Taxes Paid	0	181.2K	125K	498K	192K	39K	76K	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.17%	27.21%	-	-55.68%	-15.79%	-23.03%	-144.05%	-128.74%	-204.24%
Return on Invested Capital (ROIC)	1.09%	24.53%	-9.66%	-33.77%	-56.1%	-29.74%	-103.22%	-54.32%	-52.49%
Gross Margin	12.1%	23.31%	19.97%	16.8%	16.46%	20.39%	18.22%	27.27%	47.32%
Net Margin	0.13%	2.6%	-3.29%	-15.58%	-10.5%	-18.42%	-123.65%	-49.22%	-132.88%
Debt / Equity	0.38x	0.08x	-	0.12x	0.17x	0.16x	0.51x	0.83x	1.38x
Interest Coverage	-	10.07x	-0.78x	-25.56x	-112.07x	-91.85x	-75.14x	-4.79x	-1.99x
FCF Conversion	30.39x	1.36x	2.31x	1.28x	0.85x	1.22x	0.16x	0.06x	0.38x
Revenue Growth	-	32.34%	102.74%	3.39%	-25.24%	20.07%	-17.45%	-52.31%	-79.69%

Revenue by Segment

	2019	2020	2021	2022
Other Industrial Products	-	-	-	35.29M
Other Industrial Products Growth	-	-	-	-
Third Party Brands	-	-	-	33.07M
Third Party Brands Growth	-	-	-	-
Consumer Goods	-	-	110.11M	-
Consumer Goods Growth	-	-	-	-
Industrial Goods	-	-	55.95M	-
Industrial Goods Growth	-	-	-	-
Vaporizer And Components	144.19M	93.57M	-	-
Vaporizer And Components Growth	-	-35.11%	-	-
Custom Products And Packaging	12.11M	10.52M	-	-
Custom Products And Packaging Growth	-	-13.11%	-	-
Papers And Wraps	4.09M	7.22M	-	-
Papers And Wraps Growth	-	76.68%	-	-
Tools And Appliances	3.64M	6.84M	-	-
Tools And Appliances Growth	-	87.86%	-	-
Grinders	3.35M	5.77M	-	-
Grinders Growth	-	72.16%	-	-
Functional And Glass	6.04M	5.16M	-	-
Functional And Glass Growth	-	-14.54%	-	-
Closed System	4.09M	3.7M	-	-
Closed System Growth	-	-9.70%	-	-
Other	4.13M	3.08M	-	-
Other Growth	-	-25.53%	-	-
Parts, Accessories And CBD	3.36M	2.46M	-	-
Parts, Accessories And CBD Growth	-	-27.02%	-	-

Revenue by Geography

	2019	2020	2021	2022
UNITED STATES	155M	109.66M	140.56M	126.33M
UNITED STATES Growth	-	-29.25%	28.18%	-10.12%
CANADA	22.84M	15.09M	12.52M	5.81M
CANADA Growth	-	-33.91%	-17.08%	-53.58%
Europe	3.63M	10.83M	11.13M	4.94M
Europe Growth	-	198.59%	2.77%	-55.61%
Other	3.54M	2.72M	1.85M	-
Other Growth	-	-23.16%	-31.84%	-

Frequently Asked Questions

Growth & Financials

Greenlane Holdings, Inc. (GNLN) reported $4.7M in revenue for fiscal year 2024. This represents a 93% decrease from $66.7M in 2016.

Greenlane Holdings, Inc. (GNLN) saw revenue decline by 79.7% over the past year.

Greenlane Holdings, Inc. (GNLN) reported a net loss of $24.8M for fiscal year 2024.

Dividend & Returns

Greenlane Holdings, Inc. (GNLN) has a return on equity (ROE) of -204.2%. Negative ROE indicates the company is unprofitable.

Greenlane Holdings, Inc. (GNLN) had negative free cash flow of $13.5M in fiscal year 2024, likely due to heavy capital investments.

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Greenlane Holdings, Inc. (GNLN) 10-Year Financial Performance & Capital Metrics

GNLN • • Industrial / General

Consumer DefensiveTobaccoCannabis & AccessoriesCannabis Accessories & Distribution

Revenue $13M -79.7%
EBITDA -$11M +53.8%
Net Income -$18M +45.2%
EPS (Diluted) -10915.00 -12067.0%
Gross Margin 47.32% +73.5%
EBITDA Margin -82.98% -127.5%
Operating Margin -89% -123.1%
Net Margin -132.88% -170.0%
ROE -204.24% -58.6%
ROIC -52.49% +3.4%
Debt/Equity 1.38 +65.8%
Interest Coverage -1.99 +58.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 4 (bottom 4%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 41.0% over 5 years
✗Shares diluted 100.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-40.96%

3Y-56.92%

TTM-78.46%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-87.86%

EPS CAGR

10Y-

5Y-

3Y-

TTM-542.88%

ROCE

10Y Avg-48.39%

5Y Avg-85.47%

3Y Avg-114.86%

Latest-128.65%

Peer Comparison

Cannabis Accessories & Distribution

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNLNGreenlane Holdings, Inc.	11.31M	1.42	-0.00	-79.69%	-5.33%	-225.1%		1.38

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	66.69M	88.26M	178.93M	185.01M	138.3M	166.06M	137.09M	65.37M	13.28M
Revenue Growth %	-	0.32%	1.03%	0.03%	-0.25%	0.2%	-0.17%	-0.52%	-0.8%
Cost of Goods Sold+	58.62M	67.69M	143.2M	153.92M	115.54M	132.21M	112.1M	47.55M	6.99M
COGS % of Revenue	0.88%	0.77%	0.8%	0.83%	0.84%	0.8%	0.82%	0.73%	0.53%
Gross Profit+	8.07M	20.57M	35.74M	31.09M	22.77M	33.85M	24.98M	17.83M	6.28M
Gross Margin %	0.12%	0.23%	0.2%	0.17%	0.16%	0.2%	0.18%	0.27%	0.47%
Gross Profit Growth %	-	1.55%	0.74%	-0.13%	-0.27%	0.49%	-0.26%	-0.29%	-0.65%
Operating Expenses+	7.94M	17.85M	38.22M	56.01M	71.74M	86.58M	209.09M	43.91M	18.1M
OpEx % of Revenue	0.12%	0.2%	0.21%	0.3%	0.52%	0.52%	1.53%	0.67%	1.36%
Selling, General & Admin	7.94M	17.06M	36.72M	53.31M	60.22M	81.89M	72.29M	41.67M	17.14M
SG&A % of Revenue	0.12%	0.19%	0.21%	0.29%	0.44%	0.49%	0.53%	0.64%	1.29%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	791.21K	1.49M	2.71M	11.52M	4.69M	136.79M	2.24M	953K
Operating Income+	124.09K	2.72M	-2.48M	-24.92M	-48.98M	-52.72M	-184.1M	-26.08M	-11.81M
Operating Margin %	0%	0.03%	-0.01%	-0.13%	-0.35%	-0.32%	-1.34%	-0.4%	-0.89%
Operating Income Growth %	-	20.89%	-1.91%	-9.05%	-0.96%	-0.08%	-2.49%	0.86%	0.55%
EBITDA+	696.25K	3.51M	-989.1K	-22.22M	-46.45M	-48.03M	-176.7M	-23.84M	-11.02M
EBITDA Margin %	0.01%	0.04%	-0.01%	-0.12%	-0.34%	-0.29%	-1.29%	-0.36%	-0.83%
EBITDA Growth %	-	4.04%	-1.28%	-21.46%	-1.09%	-0.03%	-2.68%	0.87%	0.54%
D&A (Non-Cash Add-back)	572.15K	791.21K	1.49M	2.71M	2.52M	4.69M	7.41M	2.24M	800K
EBIT	379.79K	2.74M	-2.38M	-27.91M	-47.07M	-52.84M	-179.79M	-26.88M	-11.72M
Net Interest Income+	0	-269.71K	-3.19M	-975K	-437K	-574K	-2.45M	-5.45M	-5.94M
Interest Income	183.88K	0	433	0	0	0	0	0	0
Interest Expense	0	269.71K	3.19M	975K	437K	574K	2.45M	5.45M	5.94M
Other Income/Expense	71.82K	-241.68K	-3.14M	-3.96M	1.47M	-691K	1.86M	-6.24M	-5.84M
Pretax Income+	195.91K	2.47M	-5.57M	-28.89M	-47.51M	-53.41M	-182.24M	-32.33M	-17.66M
Pretax Margin %	0%	0.03%	-0.03%	-0.16%	-0.34%	-0.32%	-1.33%	-0.49%	-1.33%
Income Tax+	108.93K	182.53K	319.32K	10.94M	194K	10K	-13K	0	0
Effective Tax Rate %	0.44%	0.93%	1.06%	1%	0.31%	0.57%	0.93%	1%	1%
Net Income+	86.98K	2.29M	-5.89M	-28.82M	-14.52M	-30.58M	-169.51M	-32.17M	-17.64M
Net Margin %	0%	0.03%	-0.03%	-0.16%	-0.1%	-0.18%	-1.24%	-0.49%	-1.33%
Net Income Growth %	-	25.34%	-3.57%	-3.89%	0.5%	-1.11%	-4.54%	0.81%	0.45%
Net Income (Continuing)	86.98K	2.29M	-5.89M	-39.82M	-47.7M	-53.42M	-182.23M	-32.33M	-17.66M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	92.08M	54.19M	21.84M	18K	-132K	-149K
EPS (Diluted)+	18.33	482.53	-1239.79	-2109.36	-2673.26	-1743.08	-2475.90	-89.71	-10915.00
EPS Growth %	-	25.32%	-3.57%	-0.7%	-0.27%	0.35%	-0.42%	0.96%	-120.67%
EPS (Basic)	18.33	482.53	-1239.79	-2109.36	-2673.26	-1743.08	-2475.90	-89.71	-10915.00
Diluted Shares Outstanding	6	6	6	6	7	23	91	484	1.61K
Basic Shares Outstanding	6	6	6	6	7	23	91	484	1.61K
Dividend Payout Ratio	4.95%	0.12%	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	10M	23.29M	57.11M	115.27M	96.08M	124.74M	76.7M	29.77M	23.77M
Cash & Short-Term Investments	1.69M	2.08M	7.34M	47.77M	30.43M	12.86M	6.46M	463K	899K
Cash Only	1.69M	2.08M	7.34M	47.77M	30.43M	12.86M	6.46M	463K	899K
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.34M	3.76M	8.22M	8.09M	10.72M	19.5M	13.58M	3.01M	4.26M
Days Sales Outstanding	7.32	15.55	16.76	15.96	28.29	42.87	36.16	16.79	117.18
Inventory	6.64M	14.16M	29.5M	43.36M	47.35M	66.98M	40.64M	20.53M	14.21M
Days Inventory Outstanding	41.37	76.35	75.2	102.82	149.59	184.93	132.33	157.59	741.95
Other Current Assets	330.69K	950.5K	4.13M	4.92M	6.03M	4.19M	8.43M	798K	1M
Total Non-Current Assets+	6M	6.28M	20.92M	38.23M	26.57M	161.09M	12.98M	8.32M	4.86M
Property, Plant & Equipment	354.55K	597.49K	11.64M	17.86M	15.3M	29.98M	7.4M	4.41M	2.46M
Fixed Asset Turnover	188.10x	147.72x	15.37x	10.36x	9.04x	5.54x	18.51x	14.82x	5.39x
Goodwill	3.15M	3.15M	5.45M	11.98M	3.28M	41.86M	0	0	0
Intangible Assets	1.6M	1.56M	3.66M	6.3M	5.95M	84.71M	0	0	0
Long-Term Investments	893.6K	915.92K	75K	0	0	0	0	0	1.9M
Other Non-Current Assets	0	63.95K	92.08K	2.09M	2.04M	4.54M	5.58M	3.91M	496K
Total Assets+	16M	29.57M	78.02M	153.5M	122.65M	285.83M	89.69M	38.09M	28.63M
Asset Turnover	4.17x	2.98x	2.29x	1.21x	1.13x	0.58x	1.53x	1.72x	0.46x
Asset Growth %	-	0.85%	1.64%	0.97%	-0.2%	1.33%	-0.69%	-0.58%	-0.25%
Total Current Liabilities+	6.44M	19.52M	30.43M	26.26M	41.86M	70.97M	35.66M	26.09M	22.27M
Accounts Payable	4.6M	15.5M	20.23M	11.31M	18.41M	23.04M	14.95M	12.1M	9.79M
Days Payables Outstanding	28.66	83.58	51.55	26.82	58.14	63.61	48.69	92.91	510.83
Short-Term Debt	697.69K	7.79K	262.94K	178K	1.33M	11.62M	3.19M	7.28M	7.67M
Deferred Revenue (Current)	108.05K	720.53K	1000K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	922.7K	1.09M	3.49M	2.78M	19.55M	16.52M	7.51M	1.93M	1.05M
Current Ratio	1.55x	1.19x	1.88x	4.39x	2.30x	1.76x	2.15x	1.14x	1.07x
Quick Ratio	0.52x	0.47x	0.91x	2.74x	1.16x	0.81x	1.01x	0.35x	0.43x
Cash Conversion Cycle	20.03	8.32	40.41	91.97	119.74	164.19	119.8	81.47	348.3
Total Non-Current Liabilities+	2.11M	656.31K	58.65M	12.68M	11.54M	18.5M	15.04M	1.01M	83K
Long-Term Debt	2.01M	565.25K	48.38M	8.02M	7.84M	10.61M	13.04M	0	0
Capital Lease Obligations	106.03K	91.06K	236.71K	4.04M	2.73M	6.21M	1.92M	1.01M	83K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	10.03M	620K	964K	1.67M	79K	1K	0
Total Liabilities	8.55M	20.18M	89.08M	38.94M	53.39M	89.46M	50.69M	27.1M	22.35M
Total Debt+	2.81M	727.26K	48.88M	13.43M	11.9M	31.7M	19.8M	9.17M	8.68M
Net Debt	1.12M	-1.35M	41.53M	-34.34M	-18.53M	18.84M	13.34M	8.7M	7.78M
Debt / Equity	0.38x	0.08x	-	0.12x	0.17x	0.16x	0.51x	0.83x	1.38x
Debt / EBITDA	4.03x	0.21x	-	-	-	-	-	-	-
Net Debt / EBITDA	1.61x	-0.39x	-	-	-	-	-	-	-
Interest Coverage	-	10.07x	-0.78x	-25.56x	-112.07x	-91.85x	-75.14x	-4.79x	-1.99x
Total Equity+	7.45M	9.4M	-11.06M	114.56M	69.26M	196.36M	38.99M	10.99M	6.28M
Equity Growth %	-	0.26%	-2.18%	11.36%	-0.4%	1.84%	-0.8%	-0.72%	-0.43%
Book Value per Share	999999.00	999999.00	-999999.00	999999.00	999999.00	999999.00	427139.48	22710.81	3889.78
Total Shareholders' Equity	7.45M	9.4M	-11.06M	22.49M	15.06M	174.53M	38.97M	11.12M	6.43M
Common Stock	6.45M	6.45M	0	109K	142K	43K	15K	36K	21K
Retained Earnings	1.25M	3.15M	-10.77M	-9.6M	-24.85M	-55.54M	-225.11M	-257.29M	-274.93M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-246.82K	-208.71K	-285.99K	-72K	29K	324K	55K	245K	265K
Minority Interest	0	0	0	92.08M	54.19M	21.84M	18K	-132K	-149K

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.64M	3.12M	-13.58M	-36.9M	-12.3M	-37.33M	-26.43M	-1.79M	-6.75M
Operating CF Margin %	0.04%	0.04%	-0.08%	-0.2%	-0.09%	-0.22%	-0.19%	-0.03%	-0.51%
Operating CF Growth %	-	0.18%	-5.35%	-1.72%	0.67%	-2.03%	0.29%	0.93%	-2.76%
Net Income	86.98K	2.29M	-5.89M	-39.82M	-47.7M	-53.42M	-182.23M	-32.33M	-17.66M
Depreciation & Amortization	572.15K	789K	1.49M	2.71M	2.52M	4.69M	7.41M	2.24M	800K
Stock-Based Compensation	0	0	4.06M	8.02M	853K	5.71M	2.3M	284K	86K
Deferred Taxes	0	0	855.44K	10.89M	0	613K	0	0	0
Other Non-Cash Items	-14.42K	158.47K	265.64K	5.19M	14.35M	-1.42M	130.88M	4.02M	5.59M
Working Capital Changes	2M	-114.99K	-14.36M	-23.89M	17.68M	6.49M	15.21M	23.99M	4.43M
Change in Receivables	324.47K	-2.67M	-4.99M	635K	1.19M	-1.39M	4.91M	4.59M	-2.81M
Change in Inventory	350.41K	-8.61M	-11.94M	-11.74M	7M	5.73M	26.34M	20.11M	6.32M
Change in Payables	833.09K	10.9M	2.66M	-11.26M	7.09M	-1.3M	-6.46M	-2.77M	-2.32M
Cash from Investing+	-76.34K	-886.57K	-10.22M	-3.73M	-4.14M	-19.69M	12.03M	30K	-244K
Capital Expenditures	-76.34K	-289.83K	-10.9M	-2.02M	-1.79M	-4.72M	-2.78M	-1.01M	-244K
CapEx % of Revenue	0%	0%	0.06%	0.01%	0.01%	0.03%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	-596.74K	-29K	-53K	-515K	675K	8.94M	-1.04M	0
Cash from Financing+	-1.29M	-1.89M	29.13M	80.98M	-1.06M	38.96M	13.93M	-10.14M	7.43M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-430.17K	-282.47K	-1.63M	-898K	-604K	-200K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-855.37K	-66.16K	-187K	-110K	-269K	-273K	-2.33M	1.05M	1.11M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.57M	2.24M	-24.5M	-38.98M	-14.61M	-42.05M	-29.21M	-2.8M	-6.99M
FCF Margin %	0.04%	0.03%	-0.14%	-0.21%	-0.11%	-0.25%	-0.21%	-0.04%	-0.53%
FCF Growth %	-	-0.13%	-11.95%	-0.59%	0.63%	-1.88%	0.31%	0.9%	-1.5%
FCF per Share	405525.06	353434.03	-999999.00	-999999.00	-999999.00	-999999.00	-319990.36	-5785.14	-4330.65
FCF Conversion (FCF/Net Income)	30.39x	1.36x	2.31x	1.28x	0.85x	1.22x	0.16x	0.06x	0.38x
Interest Paid	0	269.71K	3.18M	975K	437K	574K	2.25M	0	0
Taxes Paid	0	181.2K	125K	498K	192K	39K	76K	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.17%	27.21%	-	-55.68%	-15.79%	-23.03%	-144.05%	-128.74%	-204.24%
Return on Invested Capital (ROIC)	1.09%	24.53%	-9.66%	-33.77%	-56.1%	-29.74%	-103.22%	-54.32%	-52.49%
Gross Margin	12.1%	23.31%	19.97%	16.8%	16.46%	20.39%	18.22%	27.27%	47.32%
Net Margin	0.13%	2.6%	-3.29%	-15.58%	-10.5%	-18.42%	-123.65%	-49.22%	-132.88%
Debt / Equity	0.38x	0.08x	-	0.12x	0.17x	0.16x	0.51x	0.83x	1.38x
Interest Coverage	-	10.07x	-0.78x	-25.56x	-112.07x	-91.85x	-75.14x	-4.79x	-1.99x
FCF Conversion	30.39x	1.36x	2.31x	1.28x	0.85x	1.22x	0.16x	0.06x	0.38x
Revenue Growth	-	32.34%	102.74%	3.39%	-25.24%	20.07%	-17.45%	-52.31%	-79.69%

Revenue by Segment

	2019	2020	2021	2022
Other Industrial Products	-	-	-	35.29M
Other Industrial Products Growth	-	-	-	-
Third Party Brands	-	-	-	33.07M
Third Party Brands Growth	-	-	-	-
Consumer Goods	-	-	110.11M	-
Consumer Goods Growth	-	-	-	-
Industrial Goods	-	-	55.95M	-
Industrial Goods Growth	-	-	-	-
Vaporizer And Components	144.19M	93.57M	-	-
Vaporizer And Components Growth	-	-35.11%	-	-
Custom Products And Packaging	12.11M	10.52M	-	-
Custom Products And Packaging Growth	-	-13.11%	-	-
Papers And Wraps	4.09M	7.22M	-	-
Papers And Wraps Growth	-	76.68%	-	-
Tools And Appliances	3.64M	6.84M	-	-
Tools And Appliances Growth	-	87.86%	-	-
Grinders	3.35M	5.77M	-	-
Grinders Growth	-	72.16%	-	-
Functional And Glass	6.04M	5.16M	-	-
Functional And Glass Growth	-	-14.54%	-	-
Closed System	4.09M	3.7M	-	-
Closed System Growth	-	-9.70%	-	-
Other	4.13M	3.08M	-	-
Other Growth	-	-25.53%	-	-
Parts, Accessories And CBD	3.36M	2.46M	-	-
Parts, Accessories And CBD Growth	-	-27.02%	-	-

Revenue by Geography

	2019	2020	2021	2022
UNITED STATES	155M	109.66M	140.56M	126.33M
UNITED STATES Growth	-	-29.25%	28.18%	-10.12%
CANADA	22.84M	15.09M	12.52M	5.81M
CANADA Growth	-	-33.91%	-17.08%	-53.58%
Europe	3.63M	10.83M	11.13M	4.94M
Europe Growth	-	198.59%	2.77%	-55.61%
Other	3.54M	2.72M	1.85M	-
Other Growth	-	-23.16%	-31.84%	-

Frequently Asked Questions

Growth & Financials

Greenlane Holdings, Inc. (GNLN) reported $4.7M in revenue for fiscal year 2024. This represents a 93% decrease from $66.7M in 2016.

Greenlane Holdings, Inc. (GNLN) saw revenue decline by 79.7% over the past year.

Greenlane Holdings, Inc. (GNLN) reported a net loss of $24.8M for fiscal year 2024.

Dividend & Returns

Greenlane Holdings, Inc. (GNLN) has a return on equity (ROE) of -204.2%. Negative ROE indicates the company is unprofitable.

Greenlane Holdings, Inc. (GNLN) had negative free cash flow of $13.5M in fiscal year 2024, likely due to heavy capital investments.