Greenlane Holdings, Inc. (GNLN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Greenlane Holdings, Inc. (GNLN) stock price & volume — 10-year historical chart
Greenlane Holdings, Inc. (GNLN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Greenlane Holdings, Inc. (GNLN) competitors in Tobacco supply chain and accessories — business model, growth, and fundamentals comparison
Greenlane Holdings, Inc. (GNLN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Greenlane Holdings, Inc. (GNLN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 88.26M | 178.93M | 185.01M | 138.3M | 166.06M | 137.09M | 65.37M | 13.28M | 4.36M |
| Revenue Growth % | 32.34% | 102.74% | 3.39% | -25.24% | 20.07% | -17.45% | -52.31% | -79.69% | -67.19% |
| Cost of Goods Sold | 67.69M | 143.2M | 153.92M | 115.54M | 132.21M | 112.1M | 47.55M | 6.99M | 16.82M |
| COGS % of Revenue | 76.69% | 80.03% | 83.2% | 83.54% | 79.61% | 81.78% | 72.73% | 52.68% | 386.22% |
| Gross Profit | 20.57M▲ 0% | 35.74M▲ 73.7% | 31.09M▼ 13.0% | 22.77M▼ 26.8% | 33.85M▲ 48.7% | 24.98M▼ 26.2% | 17.83M▼ 28.6% | 6.28M▼ 64.8% | -12.46M▼ 298.4% |
| Gross Margin % | 23.31% | 19.97% | 16.8% | 16.46% | 20.39% | 18.22% | 27.27% | 47.32% | -286.22% |
| Gross Profit Growth % | 155% | 73.72% | -13% | -26.78% | 48.71% | -26.2% | -28.65% | -64.76% | -298.42% |
| Operating Expenses | 17.85M | 38.22M | 56.01M | 71.74M | 86.58M | 209.09M | 43.91M | 18.1M | 41.78M |
| OpEx % of Revenue | 20.23% | 21.36% | 30.28% | 51.87% | 52.13% | 152.52% | 67.17% | 136.32% | 959.38% |
| Selling, General & Admin | 17.06M | 36.72M | 53.31M | 60.22M | 81.89M | 72.29M | 41.67M | 17.14M | 10.65M |
| SG&A % of Revenue | 19.33% | 20.52% | 28.81% | 43.54% | 49.31% | 52.73% | 63.74% | 129.15% | 244.45% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 791.21K | 1.49M | 2.71M | 11.52M | 4.69M | 136.79M | 2.24M | 953K | 31.14M |
| Operating Income | 2.72M▲ 0% | -2.43M▼ 189.5% | -24.92M▼ 926.0% | -48.98M▼ 96.5% | -52.72M▼ 7.7% | -184.1M▼ 249.2% | -26.08M▲ 85.8% | -11.81M▲ 54.7% | -54.25M▼ 359.1% |
| Operating Margin % | 3.08% | -1.36% | -13.47% | -35.41% | -31.75% | -134.3% | -39.9% | -89% | -1245.6% |
| Operating Income Growth % | 2088.55% | -189.45% | -925.96% | -96.5% | -7.65% | -249.19% | 85.83% | 54.7% | -359.13% |
| EBITDA | 3.51M | -937.45K | -22.22M | -46.45M | -48.03M | -176.7M | -23.84M | -11.02M | -53.75M |
| EBITDA Margin % | 3.97% | -0.52% | -12.01% | -33.59% | -28.93% | -128.9% | -36.47% | -82.98% | -1234.28% |
| EBITDA Growth % | 403.7% | -126.73% | -2270.16% | -109.08% | -3.4% | -267.87% | 86.51% | 53.8% | -388% |
| D&A (Non-Cash Add-back) | 791.21K | 1.49M | 2.71M | 2.52M | 4.69M | 7.41M | 2.24M | 800K | 493K |
| EBIT | 2.74M | -2.38M | -27.91M | -47.07M | -52.84M | -179.79M | -26.88M | -11.72M | -85.18M |
| Net Interest Income | -269.71K | -3.19M | -975K | -437K | -574K | -2.45M | -5.45M | -5.94M | -394K |
| Interest Income | 0 | 433 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 269.71K | 3.19M | 975K | 437K | 574K | 2.45M | 5.45M | 5.94M | 394K |
| Other Income/Expense | -241.68K | -3.14M | -3.96M | 1.47M | -691K | 1.86M | -6.24M | -5.84M | -31.33M |
| Pretax Income | 2.47M▲ 0% | -5.57M▼ 325.1% | -28.89M▼ 418.8% | -47.51M▼ 64.5% | -53.41M▼ 12.4% | -182.24M▼ 241.2% | -32.33M▲ 82.3% | -17.66M▲ 45.4% | -85.57M▼ 384.6% |
| Pretax Margin % | 2.8% | -3.11% | -15.62% | -34.35% | -32.16% | -132.94% | -49.45% | -133.01% | -1964.94% |
| Income Tax | 182.53K | 319.32K | 10.94M | 194K | 10K | -13K | 0 | 0 | 7K |
| Effective Tax Rate % | 7.38% | -5.73% | -37.85% | -0.41% | -0.02% | 0.01% | 0% | 0% | -0.01% |
| Net Income | 2.29M▲ 0% | -5.89M▼ 356.9% | -28.82M▼ 389.4% | -14.52M▲ 49.6% | -30.58M▼ 110.7% | -169.51M▼ 454.3% | -32.17M▲ 81.0% | -17.64M▲ 45.2% | -85.58M▼ 385.1% |
| Net Margin % | 2.6% | -3.29% | -15.58% | -10.5% | -18.42% | -123.65% | -49.22% | -132.88% | -1965.1% |
| Net Income Growth % | 2534.43% | -356.93% | -389.43% | 49.62% | -110.67% | -454.26% | 81.02% | 45.17% | -385.15% |
| Net Income (Continuing) | 2.29M | -5.89M | -39.82M | -47.7M | -53.42M | -182.23M | -32.33M | -17.66M | -85.58M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 92.08M | 54.19M | 21.84M | 18K | -132K | -149K | -149K |
| EPS (Diluted) | 45236.75▲ 0% | -116230.13▼ 356.9% | -197752.50▼ 70.1% | -250618.50▼ 26.7% | -163413.88▲ 34.8% | -232115.50▼ 42.0% | -8309.63▲ 96.4% | -1364.38▲ 83.6% | -91.39▲ 93.3% |
| EPS Growth % | 2533.11% | -356.94% | -70.14% | -26.73% | 34.8% | -42.04% | 96.42% | 83.58% | 93.3% |
| EPS (Basic) | 45236.75 | -116230.13 | -197752.50 | -250618.50 | -163413.88 | -232115.50 | -8309.63 | -1364.38 | -91.39 |
| Diluted Shares Outstanding | 51 | 51 | 49 | 58 | 187 | 730 | 3.87K | 12.92K | 59.94K |
| Basic Shares Outstanding | 51 | 51 | 49 | 58 | 187 | 730 | 3.87K | 12.92K | 59.94K |
| Dividend Payout Ratio | 12.33% | - | - | - | - | - | - | - | - |
Greenlane Holdings, Inc. (GNLN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 23.29M | 57.11M | 115.27M | 96.08M | 124.74M | 76.7M | 29.77M | 23.77M | 36.09M |
| Cash & Short-Term Investments | 2.08M | 7.34M | 47.77M | 30.43M | 12.86M | 6.46M | 463K | 899K | 32.51M |
| Cash Only | 2.08M | 7.34M | 47.77M | 30.43M | 12.86M | 6.46M | 463K | 899K | 32.51M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.76M | 8.22M | 8.09M | 10.72M | 19.5M | 13.58M | 3.01M | 4.26M | 1.57M |
| Days Sales Outstanding | 15.55 | 16.76 | 15.96 | 28.29 | 42.87 | 36.16 | 16.79 | 117.18 | 131.75 |
| Inventory | 14.16M | 29.5M | 43.36M | 47.35M | 66.98M | 40.64M | 20.53M | 14.21M | 0 |
| Days Inventory Outstanding | 76.35 | 75.2 | 102.82 | 149.59 | 184.93 | 132.33 | 157.59 | 741.95 | - |
| Other Current Assets | 950.5K | 4.13M | 4.92M | 6.03M | 4.19M | 8.43M | 798K | 1M | 2M |
| Total Non-Current Assets | 6.28M | 20.92M | 38.23M | 26.57M | 161.09M | 12.98M | 8.32M | 4.86M | 38.84M |
| Property, Plant & Equipment | 597.49K | 11.64M | 17.86M | 15.3M | 29.98M | 7.4M | 4.41M | 2.46M | 397K |
| Fixed Asset Turnover | 147.72x | 15.37x | 10.36x | 9.04x | 5.54x | 18.51x | 14.82x | 5.39x | 10.97x |
| Goodwill | 3.15M | 5.45M | 11.98M | 3.28M | 41.86M | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.56M | 3.66M | 6.3M | 5.95M | 84.71M | 0 | 0 | 0 | 36.55M |
| Long-Term Investments | 915.92K | 75K | 0 | 0 | 0 | 0 | 0 | 1.9M | 0 |
| Other Non-Current Assets | 63.95K | 92.08K | 2.09M | 2.04M | 4.54M | 5.58M | 3.91M | 496K | 1.89M |
| Total Assets | 29.57M▲ 0% | 78.02M▲ 163.8% | 153.5M▲ 96.7% | 122.65M▼ 20.1% | 285.83M▲ 133.0% | 89.69M▼ 68.6% | 38.09M▼ 57.5% | 28.63M▼ 24.8% | 74.93M▲ 161.7% |
| Asset Turnover | 2.98x | 2.29x | 1.21x | 1.13x | 0.58x | 1.53x | 1.72x | 0.46x | 0.06x |
| Asset Growth % | 84.83% | 163.84% | 96.74% | -20.1% | 133.04% | -68.62% | -57.53% | -24.84% | 161.71% |
| Total Current Liabilities | 19.52M | 30.43M | 26.26M | 41.86M | 70.97M | 35.66M | 26.09M | 22.27M | 7.21M |
| Accounts Payable | 15.5M | 20.23M | 11.31M | 18.41M | 23.04M | 14.95M | 12.1M | 9.79M | 5.41M |
| Days Payables Outstanding | 83.58 | 51.55 | 26.82 | 58.14 | 63.61 | 48.69 | 92.91 | 510.83 | 117.49 |
| Short-Term Debt | 7.79K | 262.94K | 178K | 1.33M | 11.62M | 3.19M | 7.28M | 7.67M | 166K |
| Deferred Revenue (Current) | 720.53K | 3.07M | 3.15M | 0 | 7.92M | 3.98M | 2.77M | 2.66M | 0 |
| Other Current Liabilities | 1.09M | 3.4M | 2.78M | 19.55M | 16.52M | 7.51M | 1.93M | 1.05M | 1.63M |
| Current Ratio | 1.19x | 1.88x | 4.39x | 2.30x | 1.76x | 2.15x | 1.14x | 1.07x | 5.01x |
| Quick Ratio | 0.47x | 0.91x | 2.74x | 1.16x | 0.81x | 1.01x | 0.35x | 0.43x | 5.01x |
| Cash Conversion Cycle | 8.32 | 40.41 | 91.97 | 119.74 | 164.19 | 119.8 | 81.47 | 348.3 | - |
| Total Non-Current Liabilities | 656.31K | 58.65M | 12.68M | 11.54M | 18.5M | 15.04M | 1.01M | 83K | 0 |
| Long-Term Debt | 565.25K | 48.38M | 8.02M | 7.84M | 10.61M | 13.04M | 0 | 0 | 0 |
| Capital Lease Obligations | 91.06K | 236.71K | 4.04M | 2.73M | 6.21M | 1.92M | 1.01M | 83K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 10.03M | 620K | 964K | 1.67M | 79K | 1K | 0 | 0 |
| Total Liabilities | 20.18M | 89.08M | 38.94M | 53.39M | 89.46M | 50.69M | 27.1M | 22.35M | 7.21M |
| Total Debt | 727.26K | 48.88M | 13.43M | 11.9M | 31.7M | 19.8M | 9.17M | 8.68M | 166K |
| Net Debt | -1.35M | 41.53M | -34.34M | -18.53M | 18.84M | 13.34M | 8.7M | 7.78M | -32.35M |
| Debt / Equity | 0.08x | - | 0.12x | 0.17x | 0.16x | 0.51x | 0.83x | 1.38x | 0.00x |
| Debt / EBITDA | 0.21x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.39x | - | - | - | - | - | - | - | - |
| Interest Coverage | 10.17x | -0.74x | -28.63x | -107.72x | -92.05x | -73.38x | -4.93x | -1.97x | -216.19x |
| Total Equity | 9.4M▲ 0% | -11.06M▼ 217.7% | 114.56M▲ 1135.9% | 69.26M▼ 39.5% | 196.36M▲ 183.5% | 38.99M▼ 80.1% | 10.99M▼ 71.8% | 6.28M▼ 42.8% | 67.72M▲ 978.1% |
| Equity Growth % | 26.14% | -217.7% | 1135.92% | -39.55% | 183.53% | -80.14% | -71.81% | -42.85% | 978.06% |
| Book Value per Share | 185522.19 | -218365.21 | 999999.00 | 999999.00 | 999999.00 | 53392.43 | 2838.85 | 486.22 | 1129.94 |
| Total Shareholders' Equity | 9.4M | -11.06M | 22.49M | 15.06M | 174.53M | 38.97M | 11.12M | 6.43M | 67.87M |
| Common Stock | 6.45M | -10.77M | 109K | 142K | 43K | 15K | 36K | 21K | 48K |
| Retained Earnings | 3.15M | -10.77M | -9.6M | -24.85M | -55.54M | -225.11M | -257.29M | -274.93M | -360.51M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -208.71K | -285.99K | -72K | 29K | 324K | 55K | 245K | 265K | 265K |
| Minority Interest | 0 | 0 | 92.08M | 54.19M | 21.84M | 18K | -132K | -149K | -149K |
Greenlane Holdings, Inc. (GNLN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.12M | -13.58M | -36.9M | -12.3M | -37.33M | -26.43M | -1.79M | -6.75M | -16.26M |
| Operating CF Margin % | 3.54% | -7.59% | -19.95% | -8.89% | -22.48% | -19.28% | -2.74% | -50.85% | -373.36% |
| Operating CF Growth % | 18.17% | -534.61% | -171.8% | 66.66% | -203.45% | 29.21% | 93.22% | -276.46% | -140.89% |
| Net Income | 2.29M | -5.89M | -39.82M | -47.7M | -53.42M | -182.23M | -32.33M | -17.66M | -85.58M |
| Depreciation & Amortization | 789K | 1.49M | 2.71M | 2.52M | 4.69M | 7.41M | 2.24M | 800K | 493K |
| Stock-Based Compensation | 0 | 4.06M | 8.02M | 853K | 5.71M | 2.3M | 284K | 86K | 4.84M |
| Deferred Taxes | 0 | 855.44K | 10.89M | 0 | 613K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 158.47K | 265.64K | 5.19M | 14.35M | -1.42M | 130.88M | 4.02M | 5.59M | 58.52M |
| Working Capital Changes | -114.99K | -14.36M | -23.89M | 17.68M | 6.49M | 15.21M | 23.99M | 4.43M | 5.47M |
| Change in Receivables | -2.67M | -4.99M | 635K | 1.19M | -1.39M | 4.91M | 4.59M | -2.81M | 716K |
| Change in Inventory | -8.61M | -11.94M | -11.74M | 7M | 5.73M | 26.34M | 20.11M | 6.32M | 9.71M |
| Change in Payables | 10.9M | 2.66M | -11.26M | 7.09M | -1.3M | -6.46M | -2.77M | -2.32M | -5.17M |
| Cash from Investing | -886.57K | -10.22M | -3.73M | -4.14M | -19.69M | 12.03M | 30K | -244K | -8.26M |
| Capital Expenditures | -289.83K | -10.9M | -2.02M | -1.79M | -4.72M | -2.78M | -1.01M | -244K | -98K |
| CapEx % of Revenue | 0.33% | 6.09% | 1.09% | 1.29% | 2.84% | 2.03% | 1.54% | 1.84% | 2.25% |
| Acquisitions | 0 | 785K | -1.16M | -1.84M | -15.65M | 5.22M | 1.04M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -596.74K | -29K | -53K | -515K | 675K | 8.94M | -1.04M | 0 | -8.16M |
| Cash from Financing | -1.89M | 29.13M | 80.98M | -1.06M | 38.96M | 13.93M | -10.14M | 7.43M | 56.13M |
| Debt Issued (Net) | -1.54M | 46.02M | 6.04M | -190K | 6.79M | -4.82M | -15.04M | 675K | -7.96M |
| Equity Issued (Net) | 0 | -15.07M | 75.95M | 0 | 32.64M | 21.07M | 3.85M | 5.64M | 20.75M |
| Dividends Paid | -282.47K | -1.63M | -898K | -604K | -200K | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -15.07M | -3.53M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -66.16K | -187K | -110K | -269K | -273K | -2.33M | 1.05M | 1.11M | 43.35M |
| Net Change in Cash | 389.2K▲ 0% | 5.26M▲ 1251.8% | 40.43M▲ 668.5% | -17.34M▼ 142.9% | -17.58M▼ 1.4% | -681K▲ 96.1% | -11.71M▼ 1620.0% | 436K▲ 103.7% | 31.61M▲ 7150.9% |
| Free Cash Flow | 2.24M▲ 0% | -24.5M▼ 1195.2% | -38.98M▼ 59.1% | -14.61M▲ 62.5% | -42.05M▼ 187.9% | -29.21M▲ 30.5% | -2.8M▲ 90.4% | -6.99M▼ 149.8% | -16.36M▼ 133.9% |
| FCF Margin % | 2.54% | -13.69% | -21.07% | -10.56% | -25.32% | -21.31% | -4.28% | -52.69% | -375.61% |
| FCF Growth % | -12.85% | -1195.16% | -59.06% | 62.53% | -187.92% | 30.54% | 90.41% | -149.79% | -133.89% |
| FCF per Share | 44179.25 | -483832.00 | -792452.83 | -252158.15 | -224690.08 | -39998.80 | -723.14 | -541.33 | -272.92 |
| FCF Conversion (FCF/Net Income) | 1.36x | 2.31x | 1.28x | 0.85x | 1.22x | 0.16x | 0.06x | 0.38x | 0.19x |
| Interest Paid | 269.71K | 3.18M | 975K | 437K | 574K | 2.25M | 0 | 0 | 0 |
| Taxes Paid | 181.2K | 125K | 498K | 192K | 39K | 76K | 0 | 0 | 0 |
Greenlane Holdings, Inc. (GNLN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 1.17% | 27.21% | - | -55.68% | -15.79% | -23.03% | -144.05% | -128.74% | -204.24% | -231.28% |
| Return on Invested Capital (ROIC) | 1.09% | 24.53% | -9.46% | -33.77% | -56.1% | -29.74% | -103.22% | -54.32% | -52.49% | -164.57% |
| Gross Margin | 12.1% | 23.31% | 19.97% | 16.8% | 16.46% | 20.39% | 18.22% | 27.27% | 47.32% | -286.22% |
| Net Margin | 0.13% | 2.6% | -3.29% | -15.58% | -10.5% | -18.42% | -123.65% | -49.22% | -132.88% | -1965.1% |
| Debt / Equity | 0.38x | 0.08x | - | 0.12x | 0.17x | 0.16x | 0.51x | 0.83x | 1.38x | 0.00x |
| Interest Coverage | 2.07x | 10.17x | -0.74x | -28.63x | -107.72x | -92.05x | -73.38x | -4.93x | -1.97x | -216.19x |
| FCF Conversion | 30.39x | 1.36x | 2.31x | 1.28x | 0.85x | 1.22x | 0.16x | 0.06x | 0.38x | 0.19x |
| Revenue Growth | - | 32.34% | 102.74% | 3.39% | -25.24% | 20.07% | -17.45% | -52.31% | -79.69% | -67.19% |
Greenlane Holdings, Inc. (GNLN) stock FAQ — growth, dividends, profitability & financials explained
Greenlane Holdings, Inc. (GNLN) reported $4.4M in revenue for fiscal year 2025. This represents a 93% decrease from $66.7M in 2016.
Greenlane Holdings, Inc. (GNLN) saw revenue decline by 67.2% over the past year.
Greenlane Holdings, Inc. (GNLN) reported a net loss of $85.6M for fiscal year 2025.
Greenlane Holdings, Inc. (GNLN) has a return on equity (ROE) of -231.3%. Negative ROE indicates the company is unprofitable.
Greenlane Holdings, Inc. (GNLN) had negative free cash flow of $16.4M in fiscal year 2025, likely due to heavy capital investments.
Greenlane Holdings, Inc. (GNLN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates