tradmap

GNLN Financials Greenlane Holdings, Inc.

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
-$170M $8M $185M $0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-1965% -959% 47% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$42M -$21M $0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $24M $49M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$37M $22M $81M $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / sales (P/S)
0.0 0.4 0.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.