Greenlane
Treasury operator deploying BERA alongside asset-light vapor-accessories commerce.
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Profile
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
Key statistics
Year to date −78.6% · Average volume (30d) 53.6K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 49.1% | 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
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
Shares outstanding 187.8K · Float 164.7K · 87.7% free float
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- 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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Greenlane | $2.77 | +2.74% | $525.7K | — | — | 0.2 | −73.4% |
| BitMine Immersion Technologies | $23.70 | −0.27% | $13.56B | — | 58.0 | 221.5 | +2,166.2% |
| Sharplink | $8.19 | −0.18% | $1.62B | — | 196.9 | 32.2 | +1,553.3% |
| Upexi | $1.07 | −0.52% | $79.3M | — | — | 3.0 | +44.2% |
| DeFi Development | $4.91 | −1.21% | $150.0M | — | — | 9.9 | +66.9% |
| High Tide | $2.53 | +0.71% | $220.6M | — | 31.9 | 0.5 | +32.2% |
| Median | — | 58.0 | 9.9 | +66.9% |








