8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 49.9% per year over the past 5 years.
Operating margin has contracted, at -1245.6% in the latest year.
Financial health
Total debt has grown faster than revenue (-1.6% vs -49.9% per year).
Operating income covered interest expense -137.7× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.0 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4M
-$86M
-286.2%
-1245.6%
-$16M
—
$33M
2024
$13M
-$18M
47.3%
-89.0%
-$7M
$8M
$899000
2023
$65M
-$32M
27.3%
-39.9%
-$3M
$7M
$463000
2022
$137M
-$170M
18.2%
-134.3%
-$29M
$18M
$6M
2021
$166M
-$31M
20.4%
-31.7%
-$42M
$23M
$13M
2020
$138M
-$15M
16.5%
-35.4%
-$14M
$8M
$30M
2019
$185M
-$29M
16.8%
-13.5%
-$39M
$8M
$48M
2018
$179M
-$6M
20.0%
-1.4%
-$24M
$49M
$7M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$448000
-$18M
48.4%
-1243.8%
—
—
$13M
Dec '25
$1M
-$70M
-594.0%
-2834.8%
-$4M
—
$33M
Sep '25
$737000
-$9M
-692.4%
-1234.7%
-$4M
—
$2M
Jun '25
$788000
-$3M
0.3%
-413.2%
-$452000
—
$6M
Mar '25
$1M
-$4M
49.1%
-236.6%
-$3M
—
$9M
Dec '24
$2M
-$9M
44.1%
-229.1%
-$2M
$8M
$899000
Sep '24
$4M
-$4M
75.0%
-13.3%
-$5M
$9M
$2M
Jun '24
$3M
-$615000
38.1%
-131.8%
-$314000
$5M
$169000
Mar '24
$5M
-$4M
30.7%
-80.8%
-$216000
$7M
$157000
Dec '23
$10M
-$4M
46.1%
-30.2%
-$3M
$7M
$463000
Sep '23
$12M
-$10M
26.5%
-58.4%
-$4M
$7M
$2M
Jun '23
$20M
-$9M
23.3%
-40.9%
$3M
$3M
$5M
Mar '23
$24M
-$9M
23.0%
-33.5%
$2M
$11M
$6M
Dec '22
$22M
-$12M
27.1%
-67.1%
-$5M
$18M
$6M
Sep '22
$29M
-$131M
17.3%
-479.4%
-$9M
$19M
$8M
Jun '22
$40M
-$12M
20.3%
-34.3%
-$2M
$21M
$9M
Mar '22
$47M
-$15M
12.8%
-39.1%
-$13M
$22M
$6M
Dec '21
$56M
-$7M
26.3%
-20.5%
-$7M
$23M
$13M
Sep '21
$41M
-$16M
3.6%
-67.0%
-$18M
$10M
$13M
Jun '21
$35M
-$3M
26.1%
-16.1%
-$1M
$11M
$12M
Valuation over time
How the market has priced GNLN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.0× (Mar '23) to 0.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is GNLN growing its revenue and profit?
Over the past 5 years, Greenlane Holdings, Inc.'s revenue has declined 49.9% per year. These are computed facts, not advice.
How much debt does GNLN have?
As of FY2025, Greenlane Holdings, Inc. reported — of total debt against $33M of cash; operating income covered interest expense -137.7×.
What is GNLN's profit margin?
In FY2025, gross margin was -286.2%, operating margin -1245.6%, and net margin -1965.1%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.