Great Elm Q4 revenue jumps 88%, profit falls on lower investment gains

Overview

• U.S. alternative asset manager's Q4 revenue rose 88% yr/yr to $10.6 mln

• Q4 net income fell to $1.1 mln from $13.6 mln due to lower unrealized investment gains

• Company repurchased about 1% of shares outstanding during Q4

Outlook

• Company did not provide specific financial guidance for the upcoming period

Result Drivers

• LOWER INVESTMENT GAINS - Q4 net income fell as net realized and unrealized gains declined to $2.5 mln from $16.5 mln yr/yr

• REAL ESTATE ACTIVITY - Monomoy REIT achieved record Q4 capital deployment with six acquisitions and about $34 mln of deployed and committed capital

• CAPITAL RAISING - Great Elm and its managed vehicles raised about $393 mln of gross capital during FY2026

Company press release: ID:nGNX7b0P1b

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the investment management & fund operators peer group is "buy."

• The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 2 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)