NASDAQ : GECC
Great Elm Capital Corp. — Financial statements
Financials · Asset Management · United States
Last price 4.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 69.17M
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Financial statements
Great Elm Capital Corp. (GECC) reported revenue of 43.66M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Other Revenue | 43.66M | 49.99M | 39.32M | 35.83M | 24.43M | 25.25M |
| Revenue | 43.66M | 49.99M | 39.32M | 35.83M | 24.43M | 25.25M |
| Gross Profit | 43.66M | 49.99M | 39.32M | 35.83M | 24.43M | 25.25M |
| Selling, General & Admin | 8.75M | 13.69M | 11.64M | 11.25M | 3.03M | 2.49M |
| Operating Expenses | 8.75M | 13.69M | 11.64M | 11.25M | 3.03M | 2.49M |
| Operating Income | 34.90M | 36.30M | 27.68M | 24.57M | 21.40M | 22.76M |
| Interest Expense | -17.96M | -18.41M | -14.88M | -11.74M | -10.69M | -10.43M |
| EBT Excluding Unusual Items | 16.94M | 17.90M | 12.80M | 12.83M | 10.71M | 12.33M |
| Gain (Loss) on Sale of Investments | -54.41M | -48.89M | -8.90M | 12.79M | -26.04M | -22.56M |
| Other Unusual Items | -224.00K | -222.00K | -3.00K | |||
| Pretax Income | -37.69M | -31.21M | 3.90M | 25.62M | -15.33M | -10.23M |
| Income Tax Expense | 617.00K | 579.00K | 348.00K | 287.00K | 252.00K | 48.00K |
| Net Income | -38.30M | -31.79M | 3.55M | 25.33M | -15.58M | -10.28M |
| Net Income to Common | -38.30M | -31.79M | 3.55M | 25.33M | -15.58M | -10.28M |
| Shares Outstanding (Basic) | 13.55M | 12.36M | 9.84M | 7.60M | 6.25M | 4.07M |
| Shares Outstanding (Diluted) | 13.55M | 12.36M | 9.84M | 7.60M | 6.25M | 4.07M |
| EPS (Basic) | -2.83 | -2.57 | 0.36 | 3.33 | -2.49 | -2.52 |
| EPS (Diluted) | -2.83 | -2.57 | 0.36 | 3.33 | -2.49 | -2.52 |
| Dividend Per Share | 1.29 | 1.48 | 1.40 | 1.40 | 1.95 | 2.40 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 79.95% | 72.62% | 70.40% | 68.59% | 87.61% | 90.13% |
| Profit Margin | -87.74% | -63.59% | 9.04% | 70.71% | -63.79% | -40.69% |
| EBIT | 34.90M | 36.30M | 27.68M | 24.57M | 21.40M | 22.76M |
| EBIT Margin | 79.95% | 72.62% | 70.40% | 68.59% | 87.61% | 90.13% |
| Effective Tax Rate | 8.92% | 1.12% | ||||
| Revenue as Reported | 43.66M | 49.99M | 39.32M | 35.83M | 24.43M | 25.25M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.67M | 1.83M | 953.00K | 587.00K | 9.13M | |
| Cash & Short-Term Investments | 1.67M | 1.83M | 953.00K | 587.00K | 9.13M | |
| Accounts Receivable | 4.37M | 6.44M | 8.77M | 3.98M | 4.93M | 4.27M |
| Other Receivables | 68.00K | 218.00K | 160.00K | |||
| Receivables | 4.43M | 6.66M | 8.93M | 3.98M | 4.93M | 4.27M |
| Prepaid Expenses | 1.10M | 953.00K | 154.00K | 135.00K | 3.29M | 379.00K |
| Restricted Cash | 13.00K | |||||
| Total Current Assets | 7.21M | 9.45M | 9.08M | 5.07M | 8.80M | 13.79M |
| Long-Term Investments | 272.25M | 331.07M | 332.71M | 241.42M | 301.08M | 412.14M |
| Long-Term Deferred Charges | 524.00K | 256.00K | 237.00K | 335.00K | 226.00K | 376.00K |
| Total Assets | 279.98M | 340.77M | 342.03M | 246.82M | 310.11M | 426.31M |
| Accounts Payable | 5.34M | 33.65M | 11.19M | 3.33M | 70.02M | 203.57M |
| Accrued Expenses | 969.00K | 3.38M | 3.06M | 3.79M | 2.12M | 6.18M |
| Other Current Liabilities | 577.00K | 760.00K | ||||
| Total Current Liabilities | 6.31M | 37.03M | 14.84M | 7.87M | 72.15M | 209.76M |
| Long-Term Debt | 161.85M | 189.32M | 189.69M | 140.21M | 153.15M | 142.00M |
| Other Long-Term Liabilities | 1.40M | 1.48M | 1.39M | 4.00K | ||
| Total Liabilities | 169.56M | 227.83M | 205.91M | 148.09M | 225.30M | 351.76M |
| Common Stock | 139.00K | 140.00K | 115.00K | 76.00K | 76.00K | 45.00K |
| Additional Paid-In Capital | 358.24M | 358.78M | 332.11M | 283.80M | 284.11M | 245.53M |
| Retained Earnings | -247.96M | -245.97M | -196.11M | -185.13M | -199.37M | -171.02M |
| Shareholders' Equity | 110.42M | 112.95M | 136.11M | 98.74M | 84.81M | 74.56M |
| Total Liabilities & Equity | 279.98M | 340.77M | 342.03M | 246.82M | 310.11M | 426.31M |
| Total Debt | 161.85M | 189.32M | 189.69M | 140.21M | 153.15M | 142.00M |
| Net Cash (Debt) | -160.18M | -187.49M | -189.69M | -139.26M | -152.56M | -132.87M |
| Net Cash Per Share | -11.82 | -15.17 | -19.27 | -18.32 | -24.40 | -32.62 |
| Filing Date Shares Outstanding | 13.89M | 14.00M | 11.54M | 9.45M | 7.60M | 4.60M |
| Total Common Shares Outstanding | 13.89M | 14.00M | 11.54M | 7.60M | 7.60M | 4.48M |
| Working Capital | 897.00K | -27.59M | -5.75M | -2.80M | -63.34M | -195.97M |
| Book Value Per Share | 7.95 | 8.07 | 11.79 | 12.99 | 11.16 | 16.63 |
| Tangible Book Value | 110.42M | 112.95M | 136.11M | 98.74M | 84.81M | 74.56M |
| Tangible Book Value Per Share | 7.95 | 8.07 | 11.79 | 12.99 | 11.16 | 16.63 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -38.30M | -31.79M | 3.55M | 25.33M | -15.58M | -10.28M |
| Other Amortization | 2.80M | 2.78M | 1.50M | 1.63M | 1.31M | 1.50M |
| Loss (Gain) From Sale of Investments | 51.77M | 45.93M | 6.46M | -15.17M | 24.69M | 18.60M |
| Other Operating Activities | 16.97M | -19.77M | -94.11M | 7.69M | -44.22M | -63.56M |
| Change in Accounts Receivable | 1.53M | 442.00K | -564.00K | 1.42M | -1.18M | -928.00K |
| Change in Other Net Operating Assets | -4.76M | -416.00K | 490.00K | 4.77M | -6.78M | -3.82M |
| Operating Cash Flow | 30.00M | -2.81M | -82.67M | 25.68M | -41.76M | -58.49M |
| Long-Term Debt Issued | 91.50M | 102.90M | 40.41M | 10.00M | 65.23M | |
| Long-Term Debt Repaid | -92.74M | -50.61M | -54.82M | -40.29M | ||
| Net Debt Issued (Repaid) | -35.22M | -1.24M | 52.29M | -14.41M | 10.00M | 24.94M |
| Issuance of Common Stock | 27.01M | 27.29M | 48.71M | 37.51M | ||
| Repurchase of Common Stock | -540.00K | |||||
| Common Dividends Paid | -17.78M | -19.24M | -15.07M | -10.64M | -13.02M | -9.93M |
| Other Financing Activities | -2.76M | -2.16M | -4.21M | -259.00K | -1.29M | -550.00K |
| Financing Cash Flow | -29.29M | 4.65M | 81.72M | -25.32M | 33.20M | 14.45M |
| Net Cash Flow | 709.00K | 1.83M | -953.00K | 366.00K | -8.56M | -44.04M |
| Levered Free Cash Flow | -52.24M | 37.63M | 11.50M | -50.53M | -133.16M | 130.35M |
| Unlevered Free Cash Flow | -43.81M | 46.36M | 19.30M | -44.82M | -127.79M | 135.37M |
| Cash Interest Paid | 15.24M | 15.59M | 13.38M | 10.09M | 9.36M | 9.23M |
| Change in Working Capital | -3.23M | 26.00K | -74.00K | 6.20M | -7.96M | -4.75M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 69.45M | 98.62M | 126.87M | 80.92M | 63.02M | 82.87M |
| Enterprise Value | 229.63M | 298.81M | 356.53M | 219.11M | 204.38M | 214.00M |
| Last Close Price | 4.95 | 6.13 | 8.22 | 6.91 | 4.58 | 8.71 |
| PE Ratio | 35.71 | 3.19 | ||||
| Forward PE | 5.41 | 5.19 | 7.78 | 5.91 | 7.07 | 7.90 |
| PS Ratio | 1.59 | 1.97 | 3.23 | 2.26 | 2.58 | 3.28 |
| PB Ratio | 0.62 | 0.87 | 0.93 | 0.82 | 0.74 | 1.11 |
| P/TBV Ratio | 0.63 | 0.87 | 0.93 | 0.82 | 0.74 | 1.11 |
| P/OCF Ratio | 2.31 | 3.15 | ||||
| EV/Sales Ratio | 5.26 | 5.98 | 9.07 | 6.12 | 8.37 | 8.47 |
| EV/EBIT Ratio | 6.58 | 8.23 | 12.88 | 8.92 | 9.55 | 9.40 |
| Debt / Equity Ratio | 1.47 | 1.68 | 1.39 | 1.42 | 1.81 | 1.91 |
| Net Debt / Equity Ratio | 1.45 | 1.66 | 1.39 | 1.41 | 1.80 | 1.78 |
| Asset Turnover | 0.13 | 0.15 | 0.13 | 0.13 | 0.07 | 0.07 |
| Quick Ratio | 0.97 | 0.23 | 0.60 | 0.63 | 0.08 | 0.06 |
| Current Ratio | 1.14 | 0.26 | 0.61 | 0.64 | 0.12 | 0.07 |
| Return on Equity (ROE) | -30.59% | -25.53% | 3.03% | 27.60% | -19.56% | -13.33% |
| Return on Assets (ROA) | 6.33% | 6.65% | 5.88% | 5.51% | 3.63% | 4.01% |
| Return on Invested Capital (ROIC) | 12.76% | 11.59% | 8.94% | 10.22% | 9.62% | 13.00% |
| Return on Capital Employed (ROCE) | 12.80% | 12.00% | 8.50% | 10.30% | 9.00% | 10.50% |
| Earnings Yield | -56.52% | -32.23% | 2.80% | 31.30% | -24.73% | -12.40% |
| Dividend Yield | 20.00% | 21.01% | 12.74% | 13.15% | 23.52% | 12.99% |
| Payout Ratio | 424.29% | 42.01% | ||||
| Buyback Yield / Dilution | -22.47% | -25.56% | -29.49% | -21.60% | -53.47% | -83.63% |
| Total Shareholder Return | -2.47% | -4.55% | -16.75% | -8.45% | -29.95% | -70.65% |