Asset manager Great Elm swings to profit in Q4

Reuters09-03

Asset manager <a href="https://laohu8.com/S/GECC">Great Elm</a> swings to profit in Q4

Overview

Great Elm fiscal Q4 net income $15.7 mln, reversing prior-year loss of $0.6 mln
Q4 revenue falls to $5.6 mln, but up 140% yr/yr excluding one-time transaction in prior year
Strategic partnership with Kennedy Lewis provides $150 mln for real estate expansion

Outlook

Company expects real estate platform expansion with $150 mln from Kennedy Lewis
Great Elm anticipates growth from new strategic partnerships and investments

Result Drivers

COREWEAVE GAINS - Unrealized gains from CoreWeave-related investment and GECC stock price appreciation drove net income
FEE REVENUE GROWTH - Record management and incentive fees from GECC, up 253% year-over-year, boosted revenue
NEW REVENUE STREAM - Launch of Monomoy Construction Services contributed to revenue growth

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		$5.61 mln
Q4 EPS		$0.37
Q4 Net Income		$15.72 mln
Q4 Adjusted EBITDA		$1.50 mln
Q4 Net Income continuing operations		$15.72 mln

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 2 times the next 12-month earnings vs. a P/E of 1 three months ago

Press Release: ID:nGNXnTnBb

(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.)

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fund operators peer group is \"buy.\"</p></li><li><p>The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 1 three months ago</p></li></ul><p>Press Release: <span>ID:nGNXnTnBb</span></p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GEG","symbol_name":"Great Elm Capital Group, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250902:nPLX70541C:1","article_id":"2564791338","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564791338","pubTimestamp":1756845491,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Asset manager Great Elm swings to profit in Q4OverviewGreat Elm fiscal Q4 net income $15.7 mln, reversing prior-year loss of $0.6 mlnQ4 revenue falls to $5.6 mln, but up 140% yr/yr excluding one-time ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GEG":"Great Elm Capital Group, Inc.","BK4135":"资产管理与托管银行","BK4116":"互联网服务与基础架构","BK4175":"保健护理产品经销商"},"translate_title":"资产管理公司Great Elm第四季度实现盈利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GEG":0.9},"content_text":"Asset manager Great Elm swings to profit in Q4OverviewGreat Elm fiscal Q4 net income $15.7 mln, reversing prior-year loss of $0.6 mlnQ4 revenue falls to $5.6 mln, but up 140% yr/yr excluding one-time transaction in prior yearStrategic partnership with Kennedy Lewis provides $150 mln for real estate expansionOutlookCompany expects real estate platform expansion with $150 mln from Kennedy LewisGreat Elm anticipates growth from new strategic partnerships and investmentsResult DriversCOREWEAVE GAINS - Unrealized gains from CoreWeave-related investment and GECC stock price appreciation drove net incomeFEE REVENUE GROWTH - Record management and incentive fees from GECC, up 253% year-over-year, boosted revenueNEW REVENUE STREAM - Launch of Monomoy Construction Services contributed to revenue growthKey DetailsMetricBeat/MissActualConsensus EstimateQ4 Revenue$5.61 mlnQ4 EPS$0.37Q4 Net Income$15.72 mlnQ4 Adjusted EBITDA$1.50 mlnQ4 Net Income continuing operations$15.72 mlnAnalyst CoverageThe 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 2 times the next 12-month earnings vs. a P/E of 1 three months agoPress Release: ID:nGNXnTnBb(This story was created using Reuters automation and AI based on LSEG and company data. 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