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GNLN · NASDAQ · Tobacco

Greenlane

Treasury operator deploying BERA alongside asset-light vapor-accessories commerce.

$2.77
After-hours close+0.07 (+2.74%)
At close$2.70(−2.53%)
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Profile

Greenlane Holdings, Inc.GNLNConsumer Staples

Acquires, stakes, validates, and deploys BERA through its Digital Asset Segment while retaining a smaller asset-light accessories business. Earnings combine variable protocol rewards with fair-value changes in BERA holdings, and operations depend on Berachain participation, digital-asset controls, and third-party fulfillment.

Runs BeraStrategy, a treasury operation that acquires, holds, stakes, supports validators, and strategically deploys BERA and BERA-equivalent assets tied to the Berachain network. The Digital Asset Segment earns variable staking and validator rewards; liquidity provision and other approved protocol activity can also generate fees or incentives, while fair-value remeasurement of holdings affects earnings outside segment revenue.

Retains a reduced wholesale and distribution business through vapor.com, selling accessories, vape devices, and lifestyle products. Third-party partners hold inventory and fulfill orders, while internal operations retain customer relationships, digital marketing, and selected sales work. The treasury remains concentrated in BERA, and custody, valuation, cybersecurity, compliance, and related-party risks are overseen under the Treasury Policy by the Digital Assets Committee.

Company facts

CEOJason Hitchcock
ListedApr 18, 2019
ExchangeNASDAQ
HeadquartersBoca Raton, FL
CountryUnited States
Employees11
CIK0001743745
ISINUS3953306087

Key statistics

Market cap$525.7K
EPS (ttm)−$177.32
P/E (ttm)−0.0158
ROE-314.9%
P/B0.4502
P/S0.1790
Dividend yield
Beta2.09vs XLP 0.14

Year to date −78.6% · Average volume (30d) 53.6K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate−$1,100,000.00
ReportedDue Nov 13, 2026

Revenue

Estimate$35.6M
ReportedDue Nov 13, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 14, 2026Q2 FY26−$1,100,000.00−$6.06+100.0%$35.6M$391.0K−98.9%0.00%
Aug 13, 2026Q2 FY26−$1,100,000.00−$6.06+100.0%$35.6M$82.0K−99.8%0.00%
May 15, 2026Q1 FY26−$1,100,000.00−$1.34+100.0%$35.6M$448.0K−98.7%−4.75%
Mar 31, 2026Q4 FY25−$1,375.00−$2.29+99.8%$27.8M$1.4M−95.1%−21.62%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.5M$788.0K$737.0K$1.4M$448.0K$391.0K
Gross profit$721.0K$2.0K−$6.7M−$6.5M−$1.6M$341.0K
Operating income−$3.5M−$3.3M−$8.6M−$38.9M−$5.6M−$3.3M
Net income−$3.9M−$3.2M−$8.9M−$69.6M−$18.4M−$24.8M
Diluted EPS−$29.77−$0.40−$51.54−$115.23−$4.49−$6.06
Gross margin49.1%0.3%-902.6%-480.2%-353.3%87.2%
Operating margin-236.6%-413.2%-1,168.0%-2,858.7%-1,243.8%-839.9%

Fiscal years (4-quarter sums)FY21 $166.1M · FY22 $137.1M · FY23 $65.4M · FY24 $13.3M · FY25 $4.4M

Revenue by geography · Q2 FY26

United States$309.0K · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $14.1M · Total debt $0 · Total assets $32.0M · Shareholders' equity $25.5M

Dividends

No dividends on record.

Ownership

Institutions 22.44%42.1K sharesInsiders 4.99%9.4K sharesOther 72.57%136.3K shares

Shares outstanding 187.8K · Float 164.7K · 87.7% free float

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • BitMine Immersion Technologies

    Largest ETH treasury rival for active proof-of-stake yield exposure.

  • Sharplink

    ETH treasury substitute with staking and onchain-yield deployment.

  • Upexi

    SOL treasury substitute with scaled staking and capital-market execution.

  • DeFi Development

    SOL treasury and validator rival for active layer-1 yield exposure.

  • High Tide

    Online accessories rival for vapor.com customer traffic and demand.

CompareAfter-hours close

CompanyPriceChange
Greenlane$2.77+2.74%$525.7K0.2−73.4%
BitMine Immersion Technologies$23.70−0.27%$13.56B58.0221.5+2,166.2%
Sharplink$8.19−0.18%$1.62B196.932.2+1,553.3%
Upexi$1.07−0.52%$79.3M3.0+44.2%
DeFi Development$4.91−1.21%$150.0M9.9+66.9%
High Tide$2.53+0.71%$220.6M31.90.5+32.2%
Median58.09.9+66.9%