Go Pro
→ A letter from Shannon Stansberry (From Porter & Company) (Ad)tc pixel Free GTEC Stock Alerts

Greenland Technologies (GTEC) Financials

Greenland Technologies logo
$0.56 -0.01 (-1.59%)
As of 10:13 AM Eastern
This is a fair market value price provided by Massive. Learn more.
Compare
Annual Income Statements for Greenland Technologies

Annual Income Statements for Greenland Technologies

This table shows Greenland Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 4.46 6.76 6.27 0.75 -16 14 4.93
Consolidated Net Income / (Loss)		 5.09 6.37 7.27 3.80 -25 15 8.60
Net Income / (Loss) Continuing Operations		 5.09 6.37 7.27 3.80 -25 15 8.60
Total Pre-Tax Income 		5.93 8.64 9.11 4.50 -23 17 12
Total Revenue		 51 66 98 90 91 85 91
Net Interest Income / (Expense)		 -1.14 -0.93 -0.52 -0.35 0.59 0.86 0.68
Total Interest Income		 0.15 0.00 0.07 0.06 0.84 0.86 0.68
Investment Securities Interest Income		 0.15 0.00 0.07 0.06 0.84 0.86 0.68
Total Interest Expense		 1.29 0.93 0.59 0.40 0.25 0.00 0.00
Total Non-Interest Income		 52 67 99 91 90 84 91
Net Realized & Unrealized Capital Gains on Investments		 -0.25 -0.08 0.00 -0.00 - 0.01 -0.00
Other Non-Interest Income		 52 67 99 91 90 84 91
Total Non-Interest Expense		 45 59 89 86 78 70 81
Marketing Expense		 2.36 2.38 5.53 5.79 5.42 2.94 3.92
Other Operating Expenses		 43 58 85 79 74 68 79
Other Special Charges		 -0.72 -1.00 -1.38 1.11 -1.40 -1.75 -2.27
Nonoperating Income / (Expense), net		 - 1.94 - - -2.49 1.46 1.65
Income Tax Expense		 0.85 2.27 1.84 0.70 1.71 1.51 3.51
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.62 -0.39 1.00 3.06 -9.14 1.09 3.67
Basic Earnings per Share		 $0.56 $0.67 $0.58 $0.06 ($1.20) $1.03 $0.31
Weighted Average Basic Shares Outstanding		 7.93M 10.04M 10.84M 11.89M 13.23M 13.59M 16.15M
Diluted Earnings per Share		 $0.56 - - - ($1.20) $1.03 $0.31
Weighted Average Diluted Shares Outstanding		 7.93M 10.04M 11.33M 12.98M - - 19.03M
Weighted Average Basic & Diluted Shares Outstanding		 7.93M 10.04M 11.33M 12.98M - - 19.03M

Quarterly Income Statements for Greenland Technologies

This table shows Greenland Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.89 -19 2.50 4.65 -0.68 7.60 4.00 -3.23 5.73 -1.58 5.00
Consolidated Net Income / (Loss)		 0.19 -31 3.57 5.87 0.36 5.35 4.56 -2.76 6.59 0.21 5.75
Net Income / (Loss) Continuing Operations		 0.19 -31 3.57 5.87 0.36 5.35 4.56 -2.76 6.59 0.21 5.75
Total Pre-Tax Income 		1.07 -30 3.38 6.55 0.70 6.03 5.44 -1.91 7.51 1.07 6.75
Total Revenue		 22 23 23 23 19 20 22 22 24 24 26
Net Interest Income / (Expense)		 0.00 0.57 0.13 0.22 0.24 0.29 0.14 0.17 0.43 -0.06 0.52
Total Interest Income		 0.00 0.76 0.17 0.22 0.24 0.24 0.14 0.17 0.43 -0.06 0.52
Investment Securities Interest Income		 0.00 0.76 0.17 0.22 0.24 0.24 0.14 0.17 0.43 -0.06 0.52
Total Interest Expense		 0.00 0.18 0.04 0.00 0.00 -0.04 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 22 23 23 23 19 19 22 22 23 24 26
Other Non-Interest Income		 22 23 23 23 19 19 22 22 23 24 26
Total Non-Interest Expense		 19 19 20 17 19 14 17 24 17 23 20
Marketing Expense		 1.25 1.63 0.99 1.12 0.44 0.39 0.08 0.44 0.56 2.83 0.78
Other Operating Expenses		 18 19 20 18 15 15 17 24 18 21 19
Other Special Charges		 0.00 - -1.04 -1.87 2.66 -1.50 -0.21 -0.08 -1.53 -0.45 0.05
Nonoperating Income / (Expense), net		 -1.74 -1.04 - 0.48 0.21 - 0.28 0.16 0.49 - 0.57
Income Tax Expense		 0.88 0.23 -0.19 0.68 0.34 0.67 0.88 0.85 0.92 0.86 1.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.08 -12 1.07 1.22 1.04 -2.25 0.56 0.47 0.85 1.79 0.75
Basic Earnings per Share		 ($0.07) ($1.42) $0.18 $0.34 ($0.05) $0.56 $0.29 ($0.20) $0.33 ($0.11) $0.23
Weighted Average Basic Shares Outstanding		 13.59M 13.23M 13.59M 13.59M 13.59M 13.59M 13.59M 16.10M 17.39M 16.15M 21.75M
Diluted Earnings per Share		 ($0.07) - $0.18 $0.34 ($0.05) $0.56 $0.29 ($0.20) $0.33 ($0.11) $0.23

Annual Cash Flow Statements for Greenland Technologies

This table details how cash moves in and out of Greenland Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -3.25 4.18 8.07 3.06 6.39 -19 -0.92
Net Cash From Operating Activities		 8.00 2.70 -5.76 7.31 2.45 13 16
Net Cash From Continuing Operating Activities		 8.00 2.70 -5.76 7.31 2.46 13 16
Net Income / (Loss) Continuing Operations		 5.09 6.37 7.27 3.80 -25 15 8.60
Consolidated Net Income / (Loss)		 5.09 6.37 7.27 3.80 -25 15 8.60
Depreciation Expense		 2.30 2.44 2.51 2.44 2.19 2.25 2.41
Amortization Expense		 - - - - -0.23 -0.23 -0.23
Non-Cash Adjustments to Reconcile Net Income		 0.26 0.45 0.04 3.08 -0.42 -1.51 5.55
Changes in Operating Assets and Liabilities, net		 0.21 -6.56 -16 -2.01 26 -2.31 -0.40
Net Cash From Investing Activities		 -1.60 -0.82 -0.64 0.03 1.07 -1.87 -0.92
Net Cash From Continuing Investing Activities		 -1.60 -0.82 -0.64 0.03 1.07 -1.87 -0.92
Purchase of Property, Leasehold Improvements and Equipment		 -0.13 - - - -0.74 -1.96 -0.53
Sale of Property, Leasehold Improvements and Equipment		 0.09 0.01 0.00 0.00 0.00 0.10 0.02
Sale and/or Maturity of Investments		 - 0.25 - - 0.44 0.69 0.28
Other Investing Activities, net		 0.63 - 0.26 0.81 1.41 -0.69 -0.70
Net Cash From Financing Activities		 -9.64 2.31 14 -4.28 2.87 -31 -16
Net Cash From Continuing Financing Activities		 -9.64 2.31 14 -4.28 2.87 -31 -16
Issuance of Debt		 50 23 25 1.13 16 5.56 0.27
Repayment of Debt		 -58 -20 -24 -15 -12 -25 -14
Payment of Dividends		 -0.16 - - - -0.70 -5.93 -2.22
Other Financing Activities, Net		 0.00 2.28 14 9.20 0.00 -5.39 0.00
Cash Interest Paid		 2.22 1.14 0.64 0.41 0.28 0.05 0.00
Cash Income Taxes Paid		 0.79 3.06 1.63 0.70 0.98 1.59 3.09

Quarterly Cash Flow Statements for Greenland Technologies

This table details how cash moves in and out of Greenland Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 2.83 3.33 -7.96 1.43 -0.98 -12 -1.22 -2.66 -1.26 4.22 2.78
Net Cash From Operating Activities		 0.83 2.01 -8.42 11 6.06 4.36 1.24 -1.70 8.26 7.81 -1.19
Net Cash From Continuing Operating Activities		 0.83 2.02 -8.42 11 6.06 4.36 1.24 -1.70 8.26 8.13 -1.19
Net Income / (Loss) Continuing Operations		 0.19 -31 3.57 5.87 0.36 5.35 4.56 -2.76 6.59 0.21 5.75
Consolidated Net Income / (Loss)		 0.19 -31 3.57 5.87 0.36 5.35 4.56 -2.76 6.59 0.21 5.75
Depreciation Expense		 0.57 0.56 0.59 0.50 0.56 0.59 0.52 0.52 0.52 0.85 0.52
Amortization Expense		 -0.23 -0.09 -0.06 -0.06 -0.06 -0.06 -0.06 -0.06 -0.06 -0.06 -0.06
Non-Cash Adjustments to Reconcile Net Income		 0.54 -0.94 -1.06 -1.86 2.76 -1.35 -0.05 7.02 -1.37 -0.05 0.05
Changes in Operating Assets and Liabilities, net		 -0.63 33 -11 6.88 2.44 -0.18 -3.73 -6.43 2.58 7.17 -7.45
Net Cash From Investing Activities		 1.55 -0.15 -1.88 -0.09 -0.14 0.24 -0.70 0.14 -0.11 -0.24 -4.17
Net Cash From Continuing Investing Activities		 1.55 -0.15 -1.88 -0.09 -0.14 0.24 -0.70 0.14 -0.11 -0.24 -4.17
Purchase of Property, Leasehold Improvements and Equipment		 - - -1.19 - - -0.55 -0.01 - - -0.26 -0.17
Other Investing Activities, net		 1.42 -0.01 - - -0.00 -0.00 -0.69 - -0.00 -0.00 -4.00
Net Cash From Financing Activities		 0.44 1.48 2.34 -9.83 -6.90 -17 -1.77 -1.09 -9.40 -3.35 8.14
Net Cash From Continuing Financing Activities		 0.44 1.48 2.34 -9.83 -6.90 -17 -1.77 -1.09 -9.40 -3.35 8.14
Issuance of Debt		 5.14 5.09 5.56 -0.02 0.01 0.00 0.00 - 0.16 0.11 6.18
Repayment of Debt		 -4.48 -3.61 -3.22 -9.81 -6.92 -5.19 -1.58 -1.09 -9.08 -1.91 3.40
Payment of Dividends		 - - 0.00 - - -5.93 -0.19 - -0.49 -1.55 -1.44
Effect of Exchange Rate Changes		 - - - - - -0.20 - - - - -0.02
Cash Interest Paid		 0.06 0.06 0.03 0.02 0.00 -0.00 0.00 - - - 0.02
Cash Income Taxes Paid		 0.25 0.18 0.18 1.06 0.14 0.21 1.00 0.69 0.49 0.91 1.12

Annual Balance Sheets for Greenland Technologies

This table presents Greenland Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 45 106 132 163 155 130 116 116
Cash and Due from Banks		 0.64 2.12 7.16 11 16 23 6.66 7.78
Restricted Cash		 - 3.59 2.24 6.74 3.43 5.21 1.95 0.07
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.97
Loans and Leases		 - - - - - - - 2.97
Customer and Other Receivables		 - 36 39 - - 0.23 0.24 1.11
Premises and Equipment, Net		 - 24 24 23 22 17 16 15
Intangible Assets		 - 0.01 - 0.00 0.15 0.19 0.09 0.07
Other Assets		 44 40 60 82 76 75 86 89
Total Liabilities & Shareholders' Equity		 45 106 132 163 155 130 116 116
Total Liabilities		 1.01 60 81 88 76 80 62 49
Short-Term Debt		 0.00 49 67 80 63 29 25 27
Long-Term Debt		 0.00 1.35 - - - 37 19 13
Other Long-Term Liabilities		 0.98 2.18 2.51 5.88 11 12 14 9.47
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5.00 47 51 75 79 51 53 66
Total Preferred & Common Equity		 5.00 39 45 62 66 50 60 73
Total Common Equity		 5.00 39 45 62 66 50 60 73
Common Stock		 5.07 15 14 24 30 30 27 33
Retained Earnings		 -0.07 24 27 34 34 19 33 38
Accumulated Other Comprehensive Income / (Loss)		 - -0.36 -0.06 1.01 -2.83 -2.58 -3.71 -1.45
Other Equity Adjustments		 - - 4.52 3.84 3.84 3.84 3.84 3.84
Noncontrolling Interest		 - 8.37 5.77 13 14 0.57 -6.94 -6.62

Quarterly Balance Sheets for Greenland Technologies

This table presents Greenland Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 159 139 127 128 119 124 123 137
Cash and Due from Banks		 22 16 17 18 5.40 4.58 3.94 10
Restricted Cash		 2.80 3.85 3.91 3.09 2.14 0.50 0.00 0.22
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.50
Loans and Leases		 - - - - - - - 1.50
Premises and Equipment, Net		 19 17 17 17 16 16 16 15
Intangible Assets		 0.21 0.16 0.14 0.12 0.07 0.05 0.03 0.05
Other Assets		 97 86 84 82 87 90 96 109
Total Liabilities & Shareholders' Equity		 159 139 127 128 119 124 123 137
Total Liabilities		 74 86 68 66 61 60 54 58
Short-Term Debt		 32 40 26 27 31 31 30 35
Other Short-Term Payables		 2.65 - 2.72 2.37 1.75 2.71 3.03 0.12
Long-Term Debt		 31 33 31 25 19 18 14 16
Other Long-Term Liabilities		 11 13 7.83 11 8.73 7.97 6.23 6.43
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 85 53 59 61 58 63 70 78
Total Preferred & Common Equity		 73 52 56 57 65 69 75 84
Total Common Equity		 70 52 56 57 65 69 75 84
Common Stock		 33 30 30 30 27 34 34 39
Retained Earnings		 40 21 30 25 37 33 39 43
Accumulated Other Comprehensive Income / (Loss)		 -3.55 -3.24 -3.53 -2.00 -3.29 -2.44 -1.96 -0.73
Other Equity Adjustments		 - 3.84 - 3.84 3.84 3.84 3.84 3.84
Noncontrolling Interest		 12 1.39 2.50 4.17 -6.53 -5.98 -5.57 -5.78

Annual Metrics And Ratios for Greenland Technologies

This table displays calculated financial ratios and metrics derived from Greenland Technologies' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 5,782,000.00 10,156,142.00 11,371,171.00 12,579,530.00 13,594,530.00 13,594,530.00 13,594,530.00
DEI Adjusted Shares Outstanding		 5,782,000.00 10,156,142.00 11,371,171.00 12,579,530.00 13,594,530.00 13,594,530.00 13,594,530.00
DEI Earnings Per Adjusted Shares Outstanding		 0.88 0.63 0.64 0.30 -1.84 1.11 0.63
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 29.10% 49.30% -7.97% 0.48% -6.71% 7.73%
EBITDA Growth		 0.00% 11.01% 27.19% -40.31% -389.28% 185.83% -26.62%
EBIT Growth		 0.00% 12.96% 35.92% -50.59% -589.32% 169.04% -31.21%
NOPAT Growth		 0.00% -2.87% 47.10% -47.68% -483.23% 194.90% -46.29%
Net Income Growth		 0.00% 25.25% 14.07% -47.68% -757.89% 160.57% -43.26%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 185.83% -69.90%
Operating Cash Flow Growth		 0.00% -66.30% -313.53% 227.06% -66.51% 444.78% 16.99%
Free Cash Flow Firm Growth		 0.00% 0.00% -96.10% 155.78% -33.28% 193.96% -104.34%
Invested Capital Growth		 0.00% 20.73% 31.62% -8.33% -18.10% -16.30% 9.08%
Revenue Q/Q Growth		 0.00% 32.16% -4.31% -4.07% 4.93% -4.17% 3.84%
EBITDA Q/Q Growth		 0.00% 162.52% -36.63% -37.22% -363.55% 11.05% -31.24%
EBIT Q/Q Growth		 0.00% 480.13% -42.27% -47.44% -508.21% 12.15% -36.45%
NOPAT Q/Q Growth		 0.00% 20.56% -33.69% -51.32% -827.23% 200.07% -45.94%
Net Income Q/Q Growth		 0.00% 50.05% -33.69% -51.32% -1,348.43% 172.82% -37.43%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -68.37%
Operating Cash Flow Q/Q Growth		 0.00% 17.02% -7.18% 221.63% -82.35% 21.39% 28.39%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -33.19% 303.12% 200.16% 58.24% -110.35%
Invested Capital Q/Q Growth		 0.00% 4.28% 5.89% -5.31% -21.55% -14.41% -6.64%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 16.14% 13.88% 11.82% 7.67% -22.08% 20.31% 13.84%
EBIT Margin		 11.63% 10.18% 9.27% 4.98% -24.23% 17.93% 11.45%
Profit (Net Income) Margin		 9.97% 9.67% 7.39% 4.20% -27.52% 17.87% 9.41%
Tax Burden Percent		 85.72% 73.71% 79.77% 84.46% 107.33% 90.92% 71.00%
Interest Burden Percent		 100.00% 128.95% 100.00% 100.00% 105.80% 109.57% 115.74%
Effective Tax Rate		 14.28% 26.29% 20.23% 15.54% 0.00% 9.08% 29.00%
Return on Invested Capital (ROIC)		 5.21% 4.59% 5.33% 2.56% -11.27% 12.93% 7.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.21% 7.02% 5.33% 2.56% -27.52% 15.34% 10.07%
Return on Net Nonoperating Assets (RNNOA)		 5.62% 8.47% 6.26% 2.37% -27.19% 16.23% 7.09%
Return on Equity (ROE)		 10.83% 13.05% 11.58% 4.93% -38.46% 29.16% 14.38%
Cash Return on Invested Capital (CROIC)		 0.00% -14.20% -21.98% 11.26% 8.63% 30.68% -1.40%
Operating Return on Assets (OROA)		 7.83% 5.62% 6.19% 2.83% -15.43% 12.36% 9.05%
Return on Assets (ROA)		 6.71% 5.34% 4.94% 2.39% -17.52% 12.32% 7.43%
Return on Common Equity (ROCE)		 5.19% 11.16% 9.89% 4.09% -34.24% 30.95% 16.01%
Return on Equity Simple (ROE_SIMPLE)		 13.18% 14.19% 11.67% 5.79% -49.95% 25.17% 11.79%
Net Operating Profit after Tax (NOPAT)		 5.09 4.94 7.27 3.80 -15 14 7.43
NOPAT Margin		 9.97% 7.50% 7.39% 4.20% -16.03% 16.31% 8.13%
Net Nonoperating Expense Percent (NNEP)		 0.00% -2.43% 0.00% 0.00% 16.25% -2.41% -2.78%
SG&A Expenses to Revenue		 4.62% 3.62% 5.62% 6.40% 6.00% 3.46% 4.29%
Operating Expenses to Revenue		 88.37% 89.82% 90.73% 95.02% 86.33% 82.07% 88.55%
Earnings before Interest and Taxes (EBIT)		 5.93 6.70 9.11 4.50 -22 15 10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8.23 9.14 12 6.94 -20 17 13
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 1.03 1.62 1.17 0.43 0.22 0.66 0.55
Price to Tangible Book Value (P/TBV)		 1.03 1.62 1.17 0.43 0.22 0.67 0.55
Price to Revenue (P/Rev)		 0.78 1.10 0.74 0.31 0.12 0.47 0.44
Price to Earnings (P/E)		 8.88 10.75 11.63 37.95 0.00 2.84 8.11
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 11.26% 9.30% 8.60% 2.64% 0.00% 35.17% 12.33%
Enterprise Value to Invested Capital (EV/IC)		 0.95 1.16 0.95 0.60 0.34 0.66 0.62
Enterprise Value to Revenue (EV/Rev)		 1.82 2.07 1.50 0.94 0.43 0.76 0.72
Enterprise Value to EBITDA (EV/EBITDA)		 11.29 14.91 12.72 12.25 0.00 3.74 5.18
Enterprise Value to EBIT (EV/EBIT)		 15.66 20.32 16.23 18.89 0.00 4.24 6.26
Enterprise Value to NOPAT (EV/NOPAT)		 18.27 27.57 20.34 22.36 0.00 4.66 8.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.62 50.53 0.00 11.63 16.09 4.83 4.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 5.08 3.53 1.97 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 1.08 1.33 1.07 0.79 1.30 0.83 0.60
Long-Term Debt to Equity		 0.03 0.00 0.00 0.00 0.72 0.36 0.19
Financial Leverage		 1.08 1.21 1.17 0.93 0.99 1.06 0.70
Leverage Ratio		 1.67 2.44 2.35 2.06 2.20 2.37 1.93
Compound Leverage Factor		 1.67 3.15 2.35 2.06 2.32 2.59 2.24
Debt to Total Capital		 51.89% 57.01% 51.74% 44.13% 56.50% 45.34% 37.61%
Short-Term Debt to Total Capital		 50.50% 57.01% 51.74% 44.13% 24.97% 25.47% 25.61%
Long-Term Debt to Total Capital		 1.38% 0.00% 0.00% 0.00% 31.53% 19.87% 12.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 8.57% 4.90% 8.10% 9.65% 0.49% -7.12% -6.23%
Common Equity to Total Capital		 39.54% 38.09% 40.16% 46.22% 43.01% 61.78% 68.61%
Debt to EBITDA		 6.15 7.35 6.90 9.04 -3.28 2.56 3.16
Net Debt to EBITDA		 5.46 6.32 5.37 6.20 -1.38 1.83 2.54
Long-Term Debt to EBITDA		 0.16 0.00 0.00 0.00 -1.83 1.12 1.01
Debt to NOPAT		 9.95 13.60 11.04 16.50 -4.51 3.19 5.38
Net Debt to NOPAT		 8.83 11.69 8.59 11.31 -1.90 2.27 4.33
Long-Term Debt to NOPAT		 0.27 0.00 0.00 0.00 -2.52 1.40 1.72
Noncontrolling Interest Sharing Ratio		 52.09% 14.48% 14.61% 17.04% 10.99% -6.13% -11.34%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -15 -30 17 11 33 -1.42
Operating Cash Flow to CapEx		 19,640.62% 0.00% 0.00% 0.00% 332.98% 714.14% 3,108.10%
Free Cash Flow to Firm to Interest Expense		 0.00 -16.44 -51.07 41.52 44.58 0.00 0.00
Operating Cash Flow to Interest Expense		 6.21 2.90 -9.80 18.15 9.78 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 6.17 2.90 -9.80 18.15 6.84 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.67 0.55 0.67 0.57 0.64 0.69 0.79
Fixed Asset Turnover		 0.00 2.71 4.16 4.03 4.66 5.05 5.78
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 98 118 155 142 116 97 106
Invested Capital Turnover		 0.52 0.61 0.72 0.61 0.70 0.79 0.90
Increase / (Decrease) in Invested Capital		 0.00 20 37 -13 -26 -19 8.85
Enterprise Value (EV)		 93 136 148 85 39 65 66
Market Capitalization		 40 73 73 28 11 40 40
Book Value per Share		 $6.68 $4.42 $5.48 $5.22 $3.68 $4.43 $4.52
Tangible Book Value per Share		 $6.67 $4.42 $5.48 $5.21 $3.67 $4.42 $4.51
Total Capital		 98 118 155 142 116 97 106
Total Debt		 51 67 80 63 66 44 40
Total Long-Term Debt		 1.35 0.00 0.00 0.00 37 19 13
Net Debt		 45 58 62 43 28 31 32
Capital Expenditures (CapEx)		 0.04 -0.01 -0.00 0.00 0.74 1.87 0.50
Net Nonoperating Expense (NNE)		 0.00 -1.43 0.00 0.00 10 -1.32 -1.17
Net Nonoperating Obligations (NNO)		 51 67 80 63 66 44 40
Total Depreciation and Amortization (D&A)		 2.30 2.44 2.51 2.44 1.96 2.02 2.18
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.67 $0.58 $0.06 ($1.20) $1.03 $0.31
Adjusted Weighted Average Basic Shares Outstanding		 0.00 10.50M 10.84M 11.89M 13.23M 13.59M 16.15M
Adjusted Diluted Earnings per Share		 $0.00 $0.67 $0.00 $0.00 $0.00 $1.03 $0.31
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 10.50M 11.33M 12.98M 0.00 0.00 19.03M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.67 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 10.04M 11.33M 12.98M 0.00 0.00 19.03M
Normalized Net Operating Profit after Tax (NOPAT)		 4.47 4.20 6.17 4.74 -15 12 5.82
Normalized NOPAT Margin		 8.76% 6.38% 6.27% 5.24% -16.87% 14.43% 6.37%
Pre Tax Income Margin		 11.63% 13.13% 9.27% 4.98% -25.64% 19.65% 13.25%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 4.60 7.20 15.52 11.17 -87.98 0.00 0.00
NOPAT to Interest Expense		 3.95 5.31 12.38 9.44 -58.20 0.00 0.00
EBIT Less CapEx to Interest Expense		 4.57 7.21 15.52 11.17 -90.92 0.00 0.00
NOPAT Less CapEx to Interest Expense		 3.91 5.32 12.38 9.44 -61.13 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 3.14% 0.00% 0.00% 0.00% -2.81% 39.16% 25.84%
Augmented Payout Ratio		 3.14% 0.00% 0.00% 0.00% -2.81% 39.16% 25.84%

Quarterly Metrics And Ratios for Greenland Technologies

This table displays calculated financial ratios and metrics derived from Greenland Technologies' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 12,978,504.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00
DEI Adjusted Shares Outstanding		 12,978,504.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00 13,594,530.00
DEI Earnings Per Adjusted Shares Outstanding		 0.02 -2.25 0.26 0.43 0.03 0.39 0.34 -0.20 0.48 0.02 0.42
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.77% 22.41% 3.33% -1.61% -12.68% -15.80% -4.51% -5.78% 24.96% 21.19% 19.43%
EBITDA Growth		 83.82% 272.46% 25.66% 63.58% -68.29% 39.16% 55.25% -124.65% 649.85% -81.20% 18.23%
EBIT Growth		 43.29% 225.11% 32.04% 79.97% -82.39% 42.13% 67.12% -134.10% 1,318.59% -93.63% 19.92%
NOPAT Growth		 -67.56% -585.09% 71.09% 77.99% -50.45% 126.06% 21.21% -126.64% 2,337.20% -96.09% 21.74%
Net Income Growth		 -90.71% -752.74% 45.18% 99.75% 84.36% 117.49% 27.84% -146.99% 1,732.96% -96.09% 25.98%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 28.57% 0.00% 61.11% -158.82% 760.00% -119.64% -20.69%
Operating Cash Flow Growth		 118.70% -85.06% -324.22% 373.54% 627.26% 117.10% 114.78% -115.02% 36.30% 79.19% -195.31%
Free Cash Flow Firm Growth		 206.52% -47.66% 176.37% 1,702.68% 1,464.37% 368.25% -15.08% -95.13% -82.30% -135.51% -174.13%
Invested Capital Growth		 -1.14% -18.10% -15.62% -20.89% -23.28% -16.30% -14.69% -2.77% 0.00% 9.08% 20.63%
Revenue Q/Q Growth		 -7.51% 6.91% -2.15% 1.68% -17.91% 3.09% 10.97% 0.33% 8.86% -0.01% 9.36%
EBITDA Q/Q Growth		 -21.00% 39.09% -17.32% 80.05% -84.69% 510.47% -7.76% -128.58% 565.87% -84.70% 480.15%
EBIT Q/Q Growth		 -16.70% 39.12% -21.04% 96.68% -91.85% 1,022.96% -7.16% -140.14% 439.04% -94.95% 1,646.57%
NOPAT Q/Q Growth		 -83.31% -4,126.76% 117.38% 52.44% -95.36% 2,017.89% -19.17% -131.77% 524.96% -96.60% 2,413.85%
Net Income Q/Q Growth		 -93.37% -15,807.45% 111.66% 64.55% -93.88% 1,389.71% -14.75% -160.48% 338.63% -96.82% 2,643.76%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 88.89% -114.71% 1,220.00% -48.21% -168.97% 265.00% -133.33% 309.09%
Operating Cash Flow Q/Q Growth		 120.09% 140.96% -519.53% 234.72% -46.60% -28.07% -71.44% -236.96% 584.50% -5.44% -115.19%
Free Cash Flow Firm Q/Q Growth		 11.41% 133.57% 418.49% 33.60% -3.31% -30.09% -5.97% -92.41% 251.12% -240.24% -96.29%
Invested Capital Q/Q Growth		 1.46% -21.55% 8.49% -8.39% -1.60% -14.41% 10.58% 4.41% 1.20% -6.64% 22.29%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 14.41% 18.75% 15.84% 28.05% 5.23% 30.99% 25.76% -7.34% 31.40% 4.81% 25.50%
EBIT Margin		 12.87% 16.74% 13.51% 26.13% 2.59% 28.26% 23.65% -9.46% 29.46% 1.49% 23.74%
Profit (Net Income) Margin		 0.89% -131.10% 15.62% 25.28% 1.88% 27.22% 20.91% -12.61% 27.64% 0.88% 22.06%
Tax Burden Percent		 18.15% 100.75% 105.50% 89.61% 51.07% 88.82% 83.86% 144.43% 87.74% 19.51% 85.13%
Interest Burden Percent		 38.21% -777.10% 109.59% 107.94% 142.17% 108.44% 105.47% 92.29% 106.92% 303.17% 109.15%
Effective Tax Rate		 81.85% 0.00% -5.50% 10.39% 48.93% 11.18% 16.14% 0.00% 12.26% 80.49% 14.87%
Return on Invested Capital (ROIC)		 1.36% -61.85% 10.37% 16.32% 0.89% 21.59% 14.19% -4.83% 19.97% 0.79% 16.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.87% -77.52% 10.37% 17.05% 1.08% 21.59% 14.58% -7.30% 20.86% 0.79% 17.21%
Return on Net Nonoperating Assets (RNNOA)		 0.67% -76.59% 9.93% 13.95% 0.85% 22.85% 16.06% -6.35% 15.36% 0.56% 12.75%
Return on Equity (ROE)		 2.03% -138.43% 20.31% 30.26% 1.74% 44.44% 30.25% -11.18% 35.33% 1.34% 29.01%
Cash Return on Invested Capital (CROIC)		 2.49% 8.63% 5.44% 12.98% 15.81% 30.68% 29.65% 9.39% 12.07% -1.40% -11.65%
Operating Return on Assets (OROA)		 7.03% 10.66% 8.35% 16.98% 1.60% 19.49% 15.37% -6.29% 20.66% 1.17% 17.79%
Return on Assets (ROA)		 0.49% -83.47% 9.65% 16.42% 1.16% 18.77% 13.59% -8.38% 19.38% 0.69% 16.53%
Return on Common Equity (ROCE)		 1.68% -123.22% 17.97% 26.95% 1.51% 47.16% 31.65% -11.50% 35.71% 1.50% 31.62%
Return on Equity Simple (ROE_SIMPLE)		 2.73% 0.00% -46.04% -37.27% -36.43% 0.00% 24.99% 10.86% 18.22% 0.00% 11.61%
Net Operating Profit after Tax (NOPAT)		 0.51 -21 3.57 5.44 0.25 5.35 4.33 -1.45 6.16 0.21 5.27
NOPAT Margin		 2.34% -87.96% 15.62% 23.42% 1.33% 27.22% 19.83% -6.62% 25.85% 0.88% 20.21%
Net Nonoperating Expense Percent (NNEP)		 0.49% 15.67% 0.00% -0.73% -0.18% 0.00% -0.39% 2.47% -0.88% 0.00% -0.95%
SG&A Expenses to Revenue		 5.70% 7.00% 4.32% 4.83% 2.30% 1.97% 0.37% 2.03% 2.35% 11.90% 2.99%
Operating Expenses to Revenue		 87.13% 83.26% 86.49% 73.87% 97.41% 71.74% 76.35% 109.46% 70.54% 98.51% 76.26%
Earnings before Interest and Taxes (EBIT)		 2.81 3.91 3.09 6.07 0.49 5.56 5.16 -2.07 7.02 0.35 6.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.15 4.38 3.62 6.52 1.00 6.09 5.62 -1.61 7.48 1.15 6.64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.61 0.22 0.58 0.34 0.17 0.66 0.62 0.12 0.07 0.55 0.03
Price to Tangible Book Value (P/TBV)		 0.61 0.22 0.58 0.34 0.17 0.67 0.62 0.12 0.07 0.55 0.03
Price to Revenue (P/Rev)		 0.49 0.12 0.33 0.21 0.11 0.47 0.48 0.10 0.06 0.44 0.03
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 2.84 2.57 1.03 0.37 8.11 0.47
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 35.17% 38.92% 96.64% 267.22% 12.33% 212.09%
Enterprise Value to Invested Capital (EV/IC)		 0.63 0.34 0.55 0.46 0.34 0.66 0.64 0.31 0.29 0.62 0.29
Enterprise Value to Revenue (EV/Rev)		 1.07 0.43 0.76 0.58 0.44 0.76 0.82 0.42 0.37 0.72 0.40
Enterprise Value to EBITDA (EV/EBITDA)		 12.22 0.00 4.57 3.01 2.49 3.74 3.57 2.95 1.79 5.18 2.78
Enterprise Value to EBIT (EV/EBIT)		 17.24 0.00 5.25 3.34 2.84 4.24 3.97 3.54 2.00 6.26 3.30
Enterprise Value to NOPAT (EV/NOPAT)		 46.44 0.00 0.00 0.00 0.00 4.66 4.25 4.68 2.39 8.82 4.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.71 16.09 0.00 9.21 3.51 4.83 2.98 3.53 2.70 4.20 2.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 25.02 3.53 9.23 3.12 1.86 1.97 1.98 3.28 2.39 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.74 1.30 1.37 0.97 0.86 0.83 0.86 0.78 0.63 0.60 0.66
Long-Term Debt to Equity		 0.36 0.72 0.62 0.53 0.42 0.36 0.33 0.29 0.20 0.19 0.21
Financial Leverage		 0.77 0.99 0.96 0.82 0.79 1.06 1.10 0.87 0.74 0.70 0.74
Leverage Ratio		 1.88 2.20 2.10 1.95 1.96 2.37 2.31 2.05 1.91 1.93 1.87
Compound Leverage Factor		 0.72 -17.06 2.31 2.10 2.78 2.57 2.44 1.89 2.05 5.86 2.04
Debt to Total Capital		 42.47% 56.50% 57.80% 49.20% 46.17% 45.34% 46.10% 43.81% 38.65% 37.61% 39.64%
Short-Term Debt to Total Capital		 21.78% 24.97% 31.54% 22.06% 23.81% 25.47% 28.56% 27.77% 26.10% 25.61% 26.99%
Long-Term Debt to Total Capital		 20.69% 31.53% 26.26% 27.14% 22.36% 19.87% 17.54% 16.04% 12.55% 12.00% 12.65%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 8.06% 0.49% 1.10% 2.16% 3.66% -7.12% -6.06% -5.31% -4.89% -6.23% -4.45%
Common Equity to Total Capital		 46.89% 43.01% 41.11% 48.63% 50.17% 61.78% 59.96% 61.51% 66.24% 68.61% 64.81%
Debt to EBITDA		 8.28 -3.28 4.83 3.22 3.39 2.56 2.58 4.14 2.39 3.16 3.77
Net Debt to EBITDA		 5.08 -1.38 2.50 1.79 1.58 1.83 1.83 2.79 1.80 2.54 2.99
Long-Term Debt to EBITDA		 4.03 -1.83 2.19 1.78 1.64 1.12 0.98 1.52 0.78 1.01 1.20
Debt to NOPAT		 31.46 -4.51 -4.60 -4.20 -3.80 3.19 3.08 6.56 3.20 5.38 6.15
Net Debt to NOPAT		 19.31 -1.90 -2.38 -2.33 -1.77 2.27 2.18 4.41 2.41 4.33 4.89
Long-Term Debt to NOPAT		 15.33 -2.52 -2.09 -2.32 -1.84 1.40 1.17 2.40 1.04 1.72 1.96
Noncontrolling Interest Sharing Ratio		 16.90% 10.99% 11.51% 10.94% 13.61% -6.13% -4.62% -2.85% -1.07% -11.34% -9.02%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.23 5.20 27 36 35 24 23 1.76 6.16 -8.64 -17
Operating Cash Flow to CapEx		 0.00% 0.00% -710.73% 0.00% 0.00% 795.43% 8,660.96% 0.00% 0.00% 3,000.92% -687.62%
Free Cash Flow to Firm to Interest Expense		 0.00 28.26 614.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 10.92 -192.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 10.92 -219.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.55 0.64 0.62 0.65 0.62 0.69 0.65 0.67 0.70 0.79 0.75
Fixed Asset Turnover		 4.21 4.66 4.73 4.94 4.84 5.05 5.00 5.06 5.36 5.78 6.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 148 116 126 116 114 97 108 113 114 106 130
Invested Capital Turnover		 0.58 0.70 0.66 0.70 0.67 0.79 0.72 0.73 0.77 0.90 0.80
Increase / (Decrease) in Invested Capital		 -1.72 -26 -23 -31 -35 -19 -19 -3.20 -0.00 8.85 22
Enterprise Value (EV)		 93 39 69 53 39 65 69 35 33 66 38
Market Capitalization		 42 11 30 19 9.88 40 40 7.96 5.28 40 2.80
Book Value per Share		 $5.36 $3.68 $3.82 $4.14 $4.20 $4.43 $4.75 $4.30 $4.34 $4.52 $3.87
Tangible Book Value per Share		 $5.35 $3.67 $3.81 $4.13 $4.19 $4.42 $4.75 $4.30 $4.33 $4.51 $3.87
Total Capital		 148 116 126 116 114 97 108 113 114 106 130
Total Debt		 63 66 73 57 53 44 50 49 44 40 52
Total Long-Term Debt		 31 37 33 31 25 19 19 18 14 13 16
Net Debt		 39 28 38 32 25 31 35 33 33 32 41
Capital Expenditures (CapEx)		 0.00 0.00 1.19 0.00 0.00 0.55 0.01 0.00 0.00 0.26 0.17
Net Nonoperating Expense (NNE)		 0.32 10 0.00 -0.43 -0.11 0.00 -0.24 1.31 -0.43 0.00 -0.48
Net Nonoperating Obligations (NNO)		 63 66 73 57 53 44 50 49 44 40 52
Total Depreciation and Amortization (D&A)		 0.34 0.47 0.53 0.45 0.50 0.54 0.46 0.46 0.46 0.79 0.46
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.07) ($1.42) $0.18 $0.34 ($0.05) $0.56 $0.29 ($0.20) $0.33 ($0.11) $0.23
Adjusted Weighted Average Basic Shares Outstanding		 13.59M 13.23M 13.59M 13.59M 13.59M 13.59M 13.59M 16.10M 17.39M 16.15M 21.75M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.05) $0.56 $0.29 ($0.20) $0.33 ($0.11) $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 13.59M 0.00 13.59M 13.59M 0.00 0.00 0.00 0.00 0.00 19.03M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.59M 0.00 13.59M 13.59M 0.00 0.00 0.00 0.00 0.00 19.03M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 1.97 -21 1.64 3.77 1.61 4.02 4.15 -1.51 4.82 0.44 5.31
Normalized NOPAT Margin		 9.01% -87.96% 7.19% 16.21% 8.45% 20.43% 19.02% -6.88% 20.23% 1.83% 20.38%
Pre Tax Income Margin		 4.92% -130.12% 14.81% 28.21% 3.69% 30.65% 24.94% -8.73% 31.50% 4.51% 25.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 21.26 70.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 -111.67 81.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 21.26 43.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 -111.67 54.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -2.81% 0.00% 0.00% 0.00% 39.16% 37.91% 81.47% 48.09% 25.84% 35.55%
Augmented Payout Ratio		 0.00% -2.81% 0.00% 0.00% 0.00% 39.16% 37.91% 81.47% 48.09% 25.84% 35.55%

Financials Breakdown Chart

Key Financial Trends

Greenland Technologies (NASDAQ: GTEC) has shown a dramatic swing in performance over the last several quarters, with strong profitability in parts of 2025 and early 2026, but also a history of volatility. The company’s latest quarter, Q1 2026, posted revenue of $26.1 million and net income attributable to common shareholders of $5.0 million, which looks solid on the surface. However, the balance sheet and cash flow statement show that the business is still carrying meaningful leverage and its operating cash flow turned negative in the quarter.

What stands out most is the mix of improvement and risk. Greenland’s revenue has generally held in the low-to-mid $20 million range over the last year, while quarterly net income has been positive in several recent periods. At the same time, operating cash flow has been inconsistent and debt remains a major part of the capital structure. Investors should view the recent earnings strength alongside the company’s reliance on financing and large swings in working capital.

  • Q1 2026 profit rebounded strongly, with net income attributable to common shareholders of $5.0 million versus a loss in Q4 2025.
  • Revenue improved year over year, rising to $26.1 million in Q1 2026 from $21.8 million in Q1 2025.
  • Operating profitability remains substantial, as the company generated $6.75 million in pre-tax income in Q1 2026.
  • Equity expanded meaningfully, with total common equity at $84.3 million in Q1 2026, up from $64.6 million a year earlier.
  • Cash ended Q1 2026 at $10.4 million, up from $3.9 million in Q3 2025, indicating a stronger near-term liquidity position.
  • Revenue has been relatively stable in a narrow range over recent quarters, suggesting the top line has not yet broken into a sustained growth trend.
  • Most of the company’s revenue comes from non-interest income, while investment interest income remains a small contributor.
  • Noncontrolling interests materially affect results, which makes common shareholders’ earnings less straightforward to model.
  • The company’s assets are heavily concentrated in “other assets” and fixed assets, so investors may want to understand what is included there and how liquid those assets are.
  • Operating cash flow was negative in Q1 2026 at -$1.19 million, despite reported net income being positive.
  • Debt remains elevated, including $35.1 million of short-term debt and $16.4 million of long-term debt at the end of Q1 2026.
  • Interest and debt management have been volatile, with large debt repayments and issuances across recent quarters.
  • Quarterly earnings have been inconsistent historically, ranging from a large loss in Q4 2023 to strong profits in 2025 and Q1 2026.
  • Working capital changes can sharply swing cash flow, which increases the risk that accounting earnings and cash generation diverge.

Bottom line: Greenland Technologies appears to be in a much healthier earnings position than it was in late 2023, and the latest quarter shows real improvement in profitability. But the stock still carries balance sheet and cash flow risk, especially because of debt and the company’s dependence on non-operating items and working capital swings. For retail investors, GTEC looks like a name where profitability has improved, but quality of earnings and financial flexibility still need close monitoring.

07/21/26 09:23 AM ETAI Generated. May Contain Errors.

Greenland Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Greenland Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Greenland Technologies' net income appears to be on a downward trend, with a most recent value of $8.60 million in 2025, rising from $5.09 million in 2019. The previous period was $15.15 million in 2024. Check out Greenland Technologies' forecast to explore projected trends and price targets.

Over the last 6 years, Greenland Technologies' total revenue changed from $51.01 million in 2019 to $91.37 million in 2025, a change of 79.1%.

Greenland Technologies' total liabilities were at $49.45 million at the end of 2025, a 20.6% decrease from 2024, and a 4,792.6% increase since 2018.

In the past 7 years, Greenland Technologies' cash and equivalents has ranged from $644.70 thousand in 2018 to $22.98 million in 2023, and is currently $7.78 million as of their latest financial filing in 2025.

Over the last 6 years, Greenland Technologies' book value per share changed from 6.68 in 2019 to 4.52 in 2025, a change of -32.3%.


Related Companies

Financial statements for NASDAQ:GTEC last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
Altimetry | Sponsoredtc pixel
Your $29.97 book is free today
Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options ca...
Profits Run | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
SPCX Warning - and Worst News for Stocks in 50 Years
Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in ...
TradeSmith | Sponsoredtc pixel
CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
Paradigm Press | Sponsoredtc pixel
Elon’s new "tollbooth"
The SpaceX IPO was valued at $1.75 trillion. But one analyst says fighting over those shares may be the wrong ...
Weiss Ratings | Sponsoredtc pixel
Elon's new "super startup"
Adam O'Dell - the analyst who recommended Palantir before it became the top S&P 500 performer - has identified...
Banyan Hill Publishing | Sponsoredtc pixel