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GEG on Nasdaq

Great Elm Group, Inc.

Great Elm Group, Inc. is a publicly-traded alternative asset management company.1 It is headquartered in Palm Beach Gardens, Florida.1 Its shares trade on Nasdaq under the symbol GEG.1

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Last updated Oct 21, 2026.

Overview

$27.8MRevenue, fiscal 20262
-$36.9MNet income, fiscal 20262

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  • TickerGEG on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersPalm Beach Gardens, Florida1
  • Incorporated inDE3
  • Business address3801 Pga Boulevard, Suite 603, Palm Beach Gardens, Fl 334103
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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GEG is a publicly-traded alternative asset management company focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-50.4%Operating margin2
-132.9%Net margin2
70.2%Revenue growth, 20262
-90.4%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Real Estate brought in 78% of the revenue Great Elm Group, Inc. broke down this way in fiscal 2026.

  1. Real Estate$21.7M278%up 262% from 2025
  2. Credit$6.1M222%down 41% from 2025
Products and services by year
Products and services20252026
Real Estate$6.0M$21.7M
Credit$10.3M$6.1M

Business segments

Real Estate brought in 78% of the revenue Great Elm Group, Inc. broke down this way in fiscal 2026.

  1. Real Estate$21.7M278%up 262% from 2025
  2. Credit$6.1M222%down 41% from 2025
Business segments by year
Business segments20252026
Real Estate$6.0M$21.7M
Credit$10.3M$6.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue48¢$13.2M
  • Selling, general and admin27¢$7.4M
  • Other costs9¢$2.6M
  • Interest15¢$4.1M
  • Income tax1¢$376.0K

Out of $27.8M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Share buybacks43¢$6.8M
  • Kept or used elsewhere57¢$8.9M

Out of $15.7M of cash from operations.2

Financial statements

Revenue6789102$27.8M in 2026−53% since 2020
0$20.0M$40.0M$60.0M$80.0M2020: $59.0M$59.0M20202021: $60.9M$60.9M2021+3%2022: $4.5M$4.5M2022−93%2023: $8.7M$8.7M2023+92%2024: $17.8M$17.8M2024+106%2025: $16.3M$16.3M2025−9%2026: $27.8M$27.8M2026+70%
Operating income6789102-$14.0M in 2026+545% since 2020
-$15.0M-$10.0M-$5.0M02020: -$2.2M-$2.2M20202021: -$3.7M-$3.7M2021+72%2022: -$8.7M-$8.7M2022+134%2023: -$11.2M-$11.2M2023+28%2024: -$7.8M-$7.8M2024−30%2025: -$8.0M-$8.0M2025+2%2026: -$14.0M-$14.0M2026+75%
Net income6789102-$36.9M in 2026+184% since 2020
-$40.0M-$20.0M0$20.0M$40.0M2020: -$13.0M-$13.0M20202021: -$7.3M-$7.3M2021−44%2022: -$14.9M-$14.9M2022+105%2023: $27.7M$27.7M20232024: -$1.4M-$1.4M20242025: $12.9M$12.9M20252026: -$36.9M-$36.9M2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-06-302025-06-30
Revenues$27.8M$16.3M
Cost of revenues$13.2M$1.1M
Compensation and benefits$19.6M$15.5M
Selling, general and administrative$7.4M$6.5M
Depreciation and amortization$1.3M$1.2M
Expenses of Consolidated Funds$224.0K$59.0K
Total operating costs and expenses$28.5M$23.2M
Operating loss-$14.0M-$8.0M
Dividends and interest income$4.8M$6.1M
Interest expense-$4.1M-$4.2M
Net realized and unrealized (loss) gain-$22.2M$16.9M
Net realized and unrealized (loss) gain on investments of Consolidated Funds-$2.7M$3.3M
Interest and other income of Consolidated Funds$958.0K$1.6M
(Loss) income before income taxes-$37.3M$15.6M
Income tax benefit (expense)$376.0K-$86.0K
Net (loss) income-$36.9M$15.6M
Less: net (loss) income attributable to non-controlling interest in Consolidated Funds-$1.5M$2.7M
Net (loss) income attributable to Great Elm Group, Inc. stockholders-$35.4M$12.9M
Basic-$1.17$0.47
Diluted-$1.17$0.38
Basic30.3M shares27.6M shares
Diluted30.3M shares38.8M shares

Compare Great Elm Group, Inc. with another company

Corporate structure

Great Elm Group, Inc. sits at the top of its group. 13 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Great Elm Group, Inc.

  • Great Elm Group, Inc. Palm Beach Gardens, Florida
    • Great Elm Capital Corp. Stake · Boston, Massachusetts, United States
    • Great Elm Capital GP, LLC Subsidiary · Delaware, United States
    • Great Elm Capital Management, Inc. Subsidiary · Delaware, United States
    • Great Elm Credit Income Fund, LLC Subsidiary · Delaware, United States
    • Great Elm DME Holdings, Inc. Subsidiary · Delaware, United States
    • Great Elm FM Acquisition, Inc. Subsidiary · Delaware, United States
    • Great Elm Investments, LLC Subsidiary · Delaware, United States
    • Great Elm Real Estate Ventures, LLC Subsidiary · Delaware, United States
    • Monomoy BTS Corporation 1 Subsidiary · Delaware, United States
    • Monomoy BTS Holdings, LLC 1 Subsidiary · Delaware, United States
    • Monomoy Construction Services, LLC Subsidiary · Delaware, United States
    • Monomoy CRE, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Great Elm Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$1.2M2 Jun 30, 2026$1.6M2 Jun 30, 2025−22.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$53.5M2 Jun 30, 2026$30.6M2 Jun 30, 2025+74.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$440.0K2 Jun 30, 2026$440.0K2 Jun 30, 20250%
Finite-lived intangibles, gross$18.4M2 Jun 30, 2026$18.4M2 Jun 30, 20250%
Accumulated amortization$7.5M2 Jun 30, 2026$6.4M2 Jun 30, 2025+17.6%
Finite-lived intangibles, net$10.9M2 Jun 30, 2026$12.0M2 Jun 30, 2025−9.4%

Properties, in its own words

We currently lease office space for our principal executive office in Palm Beach Gardens, Florida. We lease additional office space in Boston, Massachusetts, which is non-cancellable through November 2029, and Charleston, South Carolina, which has a lease expiration date in September 2029.

Item 2 of the 10-K filed Aug 26, 2026.5

Leadership

Who has led Great Elm Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Peter A. Reed2022
  2. Jason W. Reese2023

President

  1. Adam M. Kleinman2022–now

Chief financial officer

  1. Brent J. Pearson2021
  2. Keri Davis2023–now

Chief operating officer

  1. Nichole Milz2022–now
2025
Board members and other officers (11)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Great Elm Capital GP, LLC Delaware4
  • Great Elm Capital Management, Inc. Delaware4
  • Great Elm Credit Income Fund, LLC Delaware4
  • Great Elm DME Holdings, Inc. Delaware4
  • Great Elm FM Acquisition, Inc. Delaware4
  • Great Elm Investments, LLC Delaware4
  • Great Elm Real Estate Ventures, LLC Delaware4
  • Monomoy BTS Corporation 1 Delaware4
  • Monomoy BTS Holdings, LLC 1 Delaware4
  • Monomoy CRE, LLC Delaware4
  • Monomoy Construction Services, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 26, 20268-K Results of operations30
  2. May 6, 20268-K Results of operations31
  3. Feb 4, 20268-K Results of operations32
  4. Jan 7, 20268-K Other events33
  5. Dec 5, 20258-K Executive or director change; Shareholder vote34
  6. Nov 12, 20258-K Results of operations35
  7. Oct 17, 20258-K Executive or director change36
  8. Sep 2, 20258-K Results of operations37
  9. Aug 27, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change38
  10. Jul 31, 20258-K Entered a material agreement; Results of operations; Unregistered sale of shares39
  11. May 7, 20258-K Results of operations40
  12. Feb 5, 20258-K Results of operations41
  13. May 15, 2023New chief executive Jason W. Reese becomes CEO13
  14. Sep 20, 2022New chief executive Peter A. Reed becomes CEO14

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202642

When it reported results

  1. Aug 26, 2026Reported quarterly or annual results30
  2. May 6, 2026Reported quarterly or annual results31
  3. Feb 4, 2026Reported quarterly or annual results32
  4. Nov 12, 2025Reported quarterly or annual results35
  5. Sep 2, 2025Reported quarterly or annual results37
  6. Jul 31, 2025Reported quarterly or annual results39
  7. May 7, 2025Reported quarterly or annual results40
  8. Feb 5, 2025Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

317 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 190 insider forms, 31 large holders, 2 private raises, 35 other. The latest 20:

  1. Sep 23, 20264 EDGAR
  2. Sep 23, 20264 EDGAR
  3. Sep 23, 20264 EDGAR
  4. Sep 23, 20264 EDGAR
  5. Sep 10, 2026SCHEDULE 13D/A EDGAR
  6. Aug 26, 20268-K EDGAR
  7. Aug 26, 202610-K EDGAR
  8. Jul 14, 20264 EDGAR
  9. Jul 14, 2026SCHEDULE 13D/A EDGAR
  10. Jun 1, 20264 EDGAR
  11. May 8, 2026SCHEDULE 13D/A EDGAR
  12. May 6, 202610-Q EDGAR
  13. May 6, 20268-K EDGAR
  14. Mar 5, 20264 EDGAR
  15. Feb 4, 20268-K EDGAR
  16. Feb 4, 202610-Q EDGAR
  17. Jan 13, 2026EFFECT EDGAR
  18. Jan 12, 20264 EDGAR
  19. Jan 12, 20264 EDGAR
  20. Jan 12, 20264 EDGAR

The 317 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

250 open-market trades by officers, directors and large owners since October 2021: 249 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 23, 2024Drapkin Matthew ADirectorBuy5,015$1.75$8.8KForm 4
May 23, 2024BC Advisors LLC10% ownerBuy5,015$1.75$8.8KForm 4
May 23, 2024LONG BALL PARTNERS LLC10% ownerBuy5,015$1.75$8.8KForm 4
May 22, 2024Drapkin Matthew ADirectorBuy20,001$1.76$35.2KForm 4
May 22, 2024BC Advisors LLC10% ownerBuy20,001$1.76$35.2KForm 4
May 22, 2024LONG BALL PARTNERS LLC10% ownerBuy20,001$1.76$35.2KForm 4
May 21, 2024Drapkin Matthew ADirectorBuy24,984$1.77$44.2KForm 4
May 21, 2024Hugar James HDirectorBuy6,356$1.76$11.2KForm 4
May 21, 2024BC Advisors LLC10% ownerBuy24,984$1.77$44.2KForm 4
May 21, 2024LONG BALL PARTNERS LLC10% ownerBuy24,984$1.77$44.2KForm 4
May 20, 2024Hugar James HDirectorBuy1,648$1.77$2.9KForm 4
May 15, 2024Hugar James HDirectorBuy4,416$1.82$8.0KForm 4
May 14, 2024Hugar James HDirectorBuy393$1.81$711Form 4
Mar 15, 2024Reese Jason W.See remarksBuy7,843$2.00$15.7KForm 4
Mar 14, 2024Reese Jason W.See remarksBuy3,254$1.98$6.4KForm 4
Mar 13, 2024Reese Jason W.See remarksBuy16,200$1.94$31.4KForm 4
Mar 12, 2024Reese Jason W.See remarksBuy2,500$1.90$4.8KForm 4
Mar 11, 2024Reese Jason W.See remarksBuy806$1.90$1.5KForm 4
Mar 7, 2024Imperial Capital Asset Management, LLC10% ownerBuy5,081$1.96$10.0KForm 4
Mar 6, 2024Imperial Capital Asset Management, LLC10% ownerBuy4,389$1.96$8.6KForm 4

All 250 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Great Elm Group, Inc. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Jason W. ReeseChairman and Chief Executive Officer60$500.0K$1.2M50
2025Nichole MilzChief Operating Officer51$325.0K$745.1K50
2025Adam M. KleinmanPresident50$400.0K$738.8K50
2024Jason W. ReeseChairman and Chief Executive Officer60$500.1K$1.5M50
2024Adam M. KleinmanPresident50$400.1K$738.3K50
2024Nichole MilzChief Operating Officer51$300.1K$675.8K50
2023Jason W. ReeseChairman and Chief Executive Officer60$78.2K$1.5M50
2023Adam M. KleinmanPresident50$400.0K$939.0K50
2023Nichole MilzChief Operating Officer51$226.3K$457.7K50

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$11.9M 2025–2025
Money received by yearMoney received by year, 2025–2025: $11.9M in all. Private raises (Form D) $11.9M.$0$5M$10M$15M2025 · Private raises (Form D): $11.9M2025
Figures by year
YearPrivate raises (Form D)Total
2025$11.9M$11.9M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 27, 2025Raised $9 million in a private offering of equity51 Form D: 1 investor so far Form D
  2. Jul 31, 2025Raised $2.9 million in a private offering of equity52 Form D: 4 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Northern Right Capital Management, L.P.4,243,168$9.3M2.7%No change
Vanguard Capital Management LLC533,322$1.2M0.0%−622
Renaissance Technologies LLC525,776$1.1M0.0%−21,200
BlackRock, Inc.337,669$736.1K0.0%+3,543
Geode Capital Management, LLC179,072$390.6K0.0%+40,204
Vanguard Fiduciary Trust Co89,767$195.7K0.0%+622
State Street Corp82,917$180.8K0.0%No change
Bridgeway Capital Management, LLC41,545$90.6K0.0%No change
Morgan Stanley40,003$87.2K0.0%−6,121
Citadel Advisors LLC36,630$79.9K0.0%+5,724
Northern Trust Corp30,727$67.0K0.0%+801
Millennium Management LLC21,690$47.3K0.0%−10,655
Trust Co Of Toledo Na /oh/15,000$32.7K0.0%No change
GatePass Capital, LLC10,500$22.9K0.0%New
Vanguard Global Advisers, LLC6,122$13.3K0.0%No change
Osaic Holdings, Inc.1,080$2.4K0.0%No change
UBS Group AG920$2.0K0.0%−694
Tower Research Capital LLC (TRC)662$1.4K0.0%−2,025
Basecamp Wealth Advisors LLC269$5860.0%No change
Wells Fargo & Company/mn216$4710.0%No change
Federation des caisses Desjardins du Quebec77$1680.0%No change
Hrt Financial LP16,203$350.0%New
Barrett & Company, Inc.13$280.0%No change
Farther Finance Advisors, LLC3$70.0%No change
Arax Advisory Partners2$50.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Great Elm Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGreat Elm Group, Inc.1
  • CIK0001831096
  • Employer ID (EIN)85-36220155
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsJune 301
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address3801 Pga Boulevard, Suite 603, Palm Beach Gardens, FL 334101
  • Phone(617) 375-30061
  • Shares outstanding31,094,890 shares as of Aug 20, 20265
  • Public float$30.3M as of Dec 31, 20255
  • AuditorDeloitte & Touche LLP, Boston, Massachusetts PCAOB ID 34; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceDec 29, 20201
  • Filings415 in all: 4 (220), 8-K (48), SC 13D/A (30), 10-Q (17), 3 (11), SCHEDULE 13D/A (10), 144 (8), 10-K (6)1
    All 34 form types

    DEF 14A (6), DEFA14A (6), 4/A (5), CORRESP (5), S-8 (5), EFFECT (4), SC 13G/A (4), UPLOAD (4), ARS (3), S-3 (3), 3/A (2), D (2), DEFR14A (2), S-1/A (2), 40-APP (1), 424B1 (1), 424B3 (1), 8-A12B (1), 8-K12B (1), CERT (1), FWP (1), PRE 14A (1), S-1 (1), S-8 POS (1), SCHEDULE 13D (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Aug 26, 2026
    Quarterly report (10-Q) May 6, 2026
    Proxy statement (DEF 14A) Oct 17, 2025
    Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.001 per shareGEGThe Nasdaq Stock Market LLC
7.25% Notes due 2027GEGGLThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Aug 26, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Great Elm Group, Inc. names in Item 1A of its 10-K filed Aug 26, 2026: 24 risks under these headings, as written.5

  • Risks Related to Our Business
  • Our growth strategy may not be successful.
  • Because we will consider investments in different industries, you have no basis at this time to ascertain the merits or risks of any business that we may ultimately invest in or seek to acquire.
  • Subsequent to an investment, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and our share price, which could cause you to lose some or all of your investment.
  • We may not correctly assess the management teams of the businesses we invest in.
  • Our ability to successfully grow our business will be dependent upon the efforts of our key personnel.
  • Increased competition may adversely affect our revenues, profitability and staffing.
  • Changing conditions in financial markets and the economy could impact us through decreased revenues, losses or other adverse consequences.
  • If our tax filing positions were to be challenged by federal, state and local or foreign tax jurisdictions, we may not be wholly successful in defending our tax filing positions.
  • We may issue notes or other debt securities, or otherwise incur substantial debt, which may adversely affect our leverage and financial condition and thus negatively impact the value of our stockholders’ investment in us.
  • The financial services industry is subject to extensive regulation, including recent legislation and new or pending regulation, which may significantly affect our business.
  • Operational risks may disrupt our business, result in regulatory action against us or limit our growth.
The other 13 risks
  • Our financial and operational controls may not be adequate.
  • Losses not covered by insurance may be large, which could adversely impact our financial performance.
  • We earn a significant portion of our revenue pursuant to our investment management agreements.
  • Difficult or changing market conditions can adversely affect our business in many ways, by reducing the value or performance of our funds (including our invested funds and funds invested by third parties) or by reducing the ability of our funds to raise or deploy capital, each of which could negatively impact our income and cash flow and adversely affect our financial condition.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to execute our growth plans.
  • Our officers and directors may become aware of business opportunities which may be appropriate for presentation to us and the other entities to which they owe certain fiduciary or contractual duties.
  • We may engage in investment opportunities or other business with one or more target businesses that have relationships with our executive officers, directors or existing holders which may raise potential conflicts of interest.
  • We have only recently entered the construction management business.
  • Risks Relating to Our Common Stock
  • Our common stock is subject to transfer restrictions.
  • We may issue additional shares of common stock or shares of our preferred stock to obtain additional financial resources, as acquisition currency or under employee incentive plans.
  • Anti-takeover provisions contained in our certificate of incorporation and amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • Our common stockholders may experience significant dilution upon the issuance of common stock upon conversion of our 5.0% Convertible Senior Notes due 2030 (the Convertible Notes).
  • Our common stockholders may experience significant dilution upon the issuance of common stock on exercise of warrants.

Sources

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