Income Statement Greenlane Renewables Inc.

Stocks

GRN

CA3953321096

Renewable Fuels

Market Closed - Toronto S.E. Other stock markets 01:29:59 18/07/2026 am IST			5-day change	1st Jan Change
0.2550 ^CAD	+6.25%		+18.60%	+10.87%

23/05	Greenlane Renewables Inc., Q1 2026 Pre Recorded Earnings Call, May 14, 2026
20/05	Greenlane Renewables Reports 99.5% Methane Recovery in NRU Technology Testing	MT

04fb543fc7edb.rCVi7HecaAk4BL9iANmY4i3PMA_LSrzgPwNQ7-GKoJU.3nQyqyD6G01oTO0zWarxhGuNUUG4AfKmeWhkvobYlMDtShGnRtI7YQBHyA

Published financial data: GREENLANE RENEWABLES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	5.54Cr	7.12Cr	5.78Cr	5.18Cr	4.44Cr
Total Revenues	5.54Cr	7.12Cr	5.78Cr	5.18Cr	4.44Cr
Cost of Goods Sold, Total	4.12Cr	5.44Cr	4.34Cr	3.55Cr	2.53Cr
Gross Profit	1.41Cr	1.68Cr	1.44Cr	1.63Cr	1.91Cr
Selling General & Admin Expenses, Total	1.36Cr	1.77Cr	2.37Cr	1.77Cr	1.49Cr
Stock-Based Compensation (IS)	10.98L	19.77L	8L	4L	4L
R&D Expenses	-	10.61L	7L	4L	18.99L
Depreciation & Amortization - (IS)	3L	6L	6L	5L	6L
Amortization of Goodwill and Intangible Assets - (IS)	12.42L	17.39L	17.75L	6L	6L
Other Operating Expenses, Total	1.63Cr	2.31Cr	2.76Cr	1.96Cr	1.84Cr
Operating Income	-21.73L	-62.77L	-1.32Cr	-33.02L	7L
Interest Expense, Total	-87T	-1L	-84T	-1L	-2L
Interest And Investment Income	2L	4L	7L	5L	4L
Net Interest Expenses	75T	2L	6L	3L	2L
Currency Exchange Gains (Loss)	-2L	21.67L	-3L	12.61L	1L
Other Non Operating Income (Expenses)	2L	-37T	-2L	12.36L	-1T
EBT, Excl. Unusual Items	-20.75L	-38.97L	-1.31Cr	-5L	10.92L
Restructuring Charges	-	-	-	-6L	-
Merger & Related Restructuring Charges	-5L	-	-	-	-
Impairment of Goodwill	-	-	-1.44Cr	-	-
Other Unusual Items	-	-15.92L	-10.68L	5L	-
EBT, Incl. Unusual Items	-25.26L	-54.89L	-2.85Cr	-6L	10.92L
Income Tax Expense	-76T	16T	11.02L	8L	21.34L
Earnings From Continuing Operations	-24.5L	-55.05L	-2.96Cr	-13.8L	-10.42L
Earnings Of Discontinued Operations	-	-	-	-5L	-
Net Income to Company	-24.5L	-55.05L	-2.96Cr	-18.63L	-10.42L
Net Income - (IS)	-24.5L	-55.05L	-2.96Cr	-18.63L	-10.42L
Net Income to Common Incl Extra Items	-24.5L	-55.05L	-2.96Cr	-18.63L	-10.42L
Net Income to Common Excl. Extra Items	-24.5L	-55.05L	-2.96Cr	-13.8L	-10.42L
Per Share Items
Net EPS - Basic	-0.02	-0.04	-0.19	-0.01	-0.01
Basic EPS - Continuing Operations	-0.02	-0.04	-0.19	-0.01	-0.01
Basic Weighted Average Shares Outstanding	14Cr	15Cr	15Cr	15Cr	16Cr
Net EPS - Diluted	-0.02	-0.04	-0.19	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.02	-0.04	-0.19	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	14Cr	15Cr	15Cr	15Cr	16Cr
Normalized Basic EPS	-0.01	-0.02	-0.05	-0	0
Normalized Diluted EPS	-0.01	-0.02	-0.05	-0	0
Supplemental Items
EBITDA	-8L	-43.07L	-1.12Cr	-25.22L	15.05L
EBITA	-9L	-45.59L	-1.14Cr	-27.37L	13.43L
EBIT	-21.73L	-62.77L	-1.32Cr	-33.02L	7L
Effective Tax Rate - (Ratio)	3.01	-0.29	-3.87	-130.77	195.42
Total Current Taxes	34T	7L	7L	10.72L	22.95L
Total Deferred Taxes	-1L	-7L	4L	-3L	-2L
Normalized Net Income	-12.97L	-24.36L	-81.61L	-3L	7L
Interest on Long-Term Debt	87T	1L	84T	1L	3L
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	19.44L	15.58L	9L	8L
General and Administrative Expenses	58.64L	1.58Cr	2.22Cr	1.67Cr	1.41Cr
Research And Development Expense From Footnotes	8L	10.61L	7L	4L	18.99L
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	10.98L	19.77L	8L	4L	4L
Total Stock-Based Compensation	10.98L	19.77L	8L	4L	4L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.15Cr	2.14Cr	1.18Cr	1.62Cr	1.77Cr
Total Cash And Short Term Investments	3.15Cr	2.14Cr	1.18Cr	1.62Cr	1.77Cr
Accounts Receivable, Total	2.59Cr	2.76Cr	2.27Cr	1.1Cr	1.17Cr
Other Receivables	-	-	7L	2L	6L
Notes Receivable	-	-	9L	16.07L	-
Total Receivables	2.59Cr	2.76Cr	2.42Cr	1.28Cr	1.23Cr
Inventory	8L	11.29L	20.63L	8L	17.37L
Prepaid Expenses	12.42L	12.66L	16.65L	9L	10L
Restricted Cash	16.55L	16.94L	16.03L	21.12L	4L
Total Current Assets	6.11Cr	5.3Cr	4.14Cr	3.28Cr	3.31Cr
Gross Property Plant And Equipment	14.32L	31.77L	44.02L	43.92L	60.59L
Accumulated Depreciation	-7L	-14.45L	-20.27L	-21.54L	-28L
Net Property Plant And Equipment	7L	17.32L	23.75L	22.38L	32.59L
Goodwill	1.04Cr	1.81Cr	77.8L	79.49L	85.45L
Other Intangibles, Total	64.96L	83.49L	28.3L	23.23L	18.85L
Loans Receivable Long-Term	-	17.52L	-	-	-
Deferred Tax Assets Long-Term	1L	4L	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Total Assets	7.88Cr	8.34Cr	5.44Cr	4.54Cr	4.68Cr
Liabilities
Accounts Payable, Total	6L	39.44L	30.07L	29L	59L
Accrued Expenses, Total	35.37L	35.73L	29.87L	15.69L	43.45L
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	2L	3L	2L	3L	4L
Current Income Taxes Payable	-	5L	87T	-	2L
Unearned Revenue Current, Total	14.62L	11.08L	36.15L	60.69L	50.5L
Other Current Liabilities	1.61Cr	1.64Cr	1.48Cr	77.35L	46.54L
Total Current Liabilities	2.19Cr	2.58Cr	2.47Cr	1.86Cr	2.06Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	2L	10L	17.19L	17.46L	22.29L
Deferred Tax Liability Non Current	-	7L	7L	4L	3L
Other Non Current Liabilities	2L	24.2L	19.77L	6L	25T
Total Liabilities	2.23Cr	2.99Cr	2.91Cr	2.14Cr	2.31Cr
Common Stock, Total	6.41Cr	6.53Cr	6.58Cr	6.61Cr	6.64Cr
Additional Paid In Capital	23.95L	42.8L	48.93L	50.54L	51.26L
Retained Earnings	-1.02Cr	-1.57Cr	-4.53Cr	-4.71Cr	-4.82Cr
Comprehensive Income and Other	2L	-4L	-2L	-61T	3L
Total Common Equity	5.65Cr	5.35Cr	2.53Cr	2.4Cr	2.37Cr
Total Equity	5.65Cr	5.35Cr	2.53Cr	2.4Cr	2.37Cr
Total Liabilities And Equity	7.88Cr	8.34Cr	5.44Cr	4.54Cr	4.68Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15Cr	15Cr	15Cr	16Cr	16Cr
ECS Total Common Shares Outstanding	15Cr	15Cr	15Cr	16Cr	16Cr
Book Value / Share	0.38	0.35	0.16	0.15	0.15
Tangible Book Value	3.96Cr	2.71Cr	1.47Cr	1.37Cr	1.32Cr
Tangible Book Value Per Share	0.26	0.18	0.1	0.09	0.08
Total Debt	5L	12.35L	19.51L	20.74L	26.63L
Net Debt	-3.1Cr	-2.01Cr	-98.39L	-1.41Cr	-1.5Cr
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	8L	11.29L	20.63L	8L	17.37L
Machinery, Total	4L	10.64L	12.64L	11.58L	18.32L
Full Time Employees	82	131	141	92	113
Accumulated Allowance for Doubtful Accounts (Supple)	37T	10L	21.55L	10.99L	3L
Order Backlog	5.01Cr	2.77Cr	3.6Cr	2.18Cr	3.36Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-24.5L	-55.05L	-2.96Cr	-18.63L	-10.42L
Depreciation & Amortization - CF	3L	6L	6L	5L	6L
Amortization of Goodwill and Intangible Assets - (CF)	12.42L	17.18L	17.75L	6L	6L
Depreciation & Amortization, Total	15.62L	23.11L	23.85L	11.1L	11.87L
Amortization of Deferred Charges, Total - (CF)	9T	21T	-	-	-
Asset Writedown & Restructuring Costs	-	-	1.44Cr	-	-
Stock-Based Compensation (CF)	10.98L	19.77L	8L	4L	4L
Net Cash From Discontinued Operations	-	-	-	-7L	-
Other Operating Activities, Total	-60T	-29.87L	17.67L	-22.46L	9L
Change In Accounts Receivable	-75.34L	31.41L	38.61L	1.24Cr	-12.95L
Change In Inventories	-	-2L	-9L	12L	-9L
Change In Accounts Payable	-	4L	-32.99L	-80.2L	14.7L
Change in Unearned Revenues	-	12.45L	19.67L	21.37L	-12.94L
Change in Other Net Operating Assets	-31.01L	-3L	-3L	2L	17.86L
Cash from Operations	-1.05Cr	40T	-89.99L	46.17L	12.47L
Capital Expenditure	-2L	-5L	-2L	-75T	-6L
Cash Acquisitions	-	-78.13L	-	-	-
Divestitures	-	-	-	22T	-
Sale (Purchase) of Intangible assets	-30T	-	-	-	-
Other Investing Activities, Total	-	-15.84L	-1L	-	9L
Cash from Investing	-2L	-99.12L	-3L	-53T	3L
Long-Term Debt Repaid, Total	-63.23L	-3L	-3L	-3L	-4L
Total Debt Repaid	-63.23L	-3L	-3L	-3L	-4L
Issuance of Common Stock	3.41Cr	78T	37T	-	-
Other Financing Activities, Total	-20.07L	-	-	-27T	-
Cash from Financing	2.57Cr	-2L	-3L	-3L	-4L
Foreign Exchange Rate Adjustments	-	13T	-16T	92T	4L
Net Change in Cash	1.5Cr	-1.01Cr	-95.91L	43.78L	15.31L
Supplemental Items
Cash Interest Paid	39T	78T	81T	1L	2L
Cash Income Tax Paid (Refund)	-	-	-	-	10.47L
Levered Free Cash Flow	-97.52L	15.92L	-43.32L	60.49L	44.91L
Unlevered Free Cash Flow	-96.97L	16.6L	-42.79L	61.38L	45.94L
Change In Net Working Capital	1.08Cr	-17.89L	-10.06L	-67.23L	-31.64L
Net Debt Issued / Repaid	-63.23L	-3L	-3L	-3L	-4L

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.23	-4.84	-11.98	-4.14	1
Return on Total Capital	-3.04	-7.03	-20.12	-7.74	1.77
Return On Equity %	-5.95	-10.01	-75.09	-5.6	-4.37
Return on Common Equity	-5.95	-10.01	-75.09	-5.6	-4.37
Margin Analysis
Gross Profit Margin %	25.54	23.6	24.87	31.51	43.08
SG&A Margin	24.64	24.87	41.05	34.09	33.55
EBITDA Margin %	-1.53	-6.05	-19.29	-4.87	3.39
EBITA Margin %	-1.68	-6.4	-19.76	-5.28	3.02
EBIT Margin %	-3.93	-8.81	-22.83	-6.37	1.67
Income From Continuing Operations Margin %	-4.43	-7.73	-51.16	-2.66	-2.35
Net Income Margin %	-4.43	-7.73	-51.16	-3.6	-2.35
Net Avail. For Common Margin %	-4.43	-7.73	-51.16	-2.66	-2.35
Normalized Net Income Margin	-2.34	-3.42	-14.12	-0.58	1.54
Levered Free Cash Flow Margin	-17.62	2.23	-7.49	11.67	10.11
Unlevered Free Cash Flow Margin	-17.52	2.33	-7.4	11.85	10.34
Asset Turnover
Asset Turnover	0.91	0.88	0.84	1.04	0.96
Fixed Assets Turnover	73.36	58.88	28.15	22.47	16.17
Receivables Turnover (Average Receivables)	3.59	2.65	2.34	3.08	3.92
Inventory Turnover (Average Inventory)	34.22	56.87	27.22	24.63	19.79
Short Term Liquidity
Current Ratio	2.78	2.06	1.68	1.77	1.61
Quick Ratio	2.62	1.9	1.42	1.47	1.46
Operating Cash Flow to Current Liabilities	-0.48	0	-0.36	0.25	0.06
Days Sales Outstanding (Average Receivables)	101.77	137.72	156.22	118.83	93.1
Days Outstanding Inventory (Average Inventory)	10.67	6.42	13.41	14.86	18.44
Average Days Payable Outstanding	5.89	15.14	28.59	32.03	61.28
Cash Conversion Cycle (Average Days)	106.55	129	141.05	101.66	50.26
Long Term Solvency
Total Debt/Equity	0.81	2.31	7.71	8.65	11.25
Total Debt / Total Capital	0.81	2.26	7.16	7.96	10.11
LT Debt/Equity	0.38	1.81	6.79	7.28	9.42
Long-Term Debt / Total Capital	0.38	1.77	6.31	6.7	8.46
Total Liabilities / Total Assets	28.31	35.86	53.45	47.14	49.38
EBIT / Interest Expense	-24.98	-57.59	-157.11	-23.09	4.48
EBITDA / Interest Expense	-7.02	-36.39	-128.71	-15.33	11.68
(EBITDA - Capex) / Interest Expense	-9.17	-41.11	-131.06	-15.85	7.88
Total Debt / EBITDA	-0.75	-0.31	-0.18	-0.95	1.38
Net Debt / EBITDA	50.76	5.08	0.91	6.43	-7.8
Total Debt / (EBITDA - Capex)	-0.58	-0.28	-0.18	-0.91	2.05
Net Debt / (EBITDA - Capex)	38.86	4.5	0.89	6.22	-11.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	146	28.71	-18.84	-5.15	-14.26
Gross Profit, 1 Yr. Growth %	120.02	18.93	-14.47	20.02	17.21
EBITDA, 1 Yr. Growth %	-63.91	1.09T	158.88	-75.18	-159.67
EBITA, 1 Yr. Growth %	-61.26	899.78	150.54	-73.53	-149.07
EBIT, 1 Yr. Growth %	-40.32	271.64	110.24	-72.74	-122.41
Earnings From Cont. Operations, 1 Yr. Growth %	-0.85	124.69	437.33	-95.16	-24.49
Net Income, 1 Yr. Growth %	-0.85	124.69	437.33	-93.7	-44.07
Normalized Net Income, 1 Yr. Growth %	-18.6	144.94	235.08	-95.99	-327.03
Diluted EPS Before Extra, 1 Yr. Growth %	-36.01	100	383.12	-94.74	0
Accounts Receivable, 1 Yr. Growth %	425.6	5.15	-15.41	-51.64	6.65
Inventory, 1 Yr. Growth %	-51.66	43.82	82.73	-60.3	112.09
Net Property, Plant and Equip., 1 Yr. Growth %	-16.2	151.74	37.12	-5.77	45.62
Total Assets, 1 Yr. Growth %	82.49	5.84	-34.82	-16.56	3.12
Tangible Book Value, 1 Yr. Growth %	417.93	-31.65	-45.69	-6.73	-3.35
Common Equity, 1 Yr. Growth %	118.34	-5.31	-52.69	-5.24	-1.26
Cash From Operations, 1 Yr. Growth %	412.27	-100.38	-22.6T	-151.31	-72.99
Capital Expenditures, 1 Yr. Growth %	252.83	175.4	-61.75	-61.93	734.67
Levered Free Cash Flow, 1 Yr. Growth %	1.05T	-116.85	-372.13	-261.53	-25.75
Unlevered Free Cash Flow, 1 Yr. Growth %	1.7T	-117.67	-357.8	-266.11	-25.15
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	146.32	77.94	2.2	-14.71	-9.82
Gross Profit, 2 Yr. CAGR %	107.92	61.76	0.86	-1.45	18.61
EBITDA, 2 Yr. CAGR %	-34.09	35.47	454.99	-23.48	-61.51
EBITA, 2 Yr. CAGR %	-31.43	37.74	400.48	-22.52	-63.96
EBIT, 2 Yr. CAGR %	-10.11	31.3	179.53	-27.47	-75.28
Earnings From Cont. Operations, 2 Yr. CAGR %	-30.37	49.26	247.47	-49.93	-80.89
Net Income, 2 Yr. CAGR %	-30.37	49.26	247.47	-41.83	-81.23
Normalized Net Income, 2 Yr. CAGR %	-37.59	23.65	186.49	-64.87	-69.84
Diluted EPS Before Extra, 2 Yr. CAGR %	-67.23	22.59	210.84	-50	-77.06
Accounts Receivable, 2 Yr. CAGR %	185.53	136.32	-6.97	-36.04	-28.18
Inventory, 2 Yr. CAGR %	87.62	-16.62	62.11	-14.83	-8.24
Net Property, Plant and Equip., 2 Yr. CAGR %	-14.76	45.25	85.8	13.67	17.14
Total Assets, 2 Yr. CAGR %	72.21	38.98	-16.94	-26.25	-7.24
Tangible Book Value, 2 Yr. CAGR %	84.16	88.15	-39.07	-28.83	-5.06
Common Equity, 2 Yr. CAGR %	170.87	43.79	-33.07	-33.05	-3.27
Cash From Operations, 2 Yr. CAGR %	93.05	-86.01	-7.32	974.36	-62.78
Capital Expenditures, 2 Yr. CAGR %	99.47	211.72	2.64	-61.84	78.26
Levered Free Cash Flow, 2 Yr. CAGR %	107.33	37.09	-32.29	94.94	9.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	95.11	75.71	-32.51	92.3	11.51
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	98.4	36.97	-2.17	-14.56
Gross Profit, 3 Yr. CAGR %	-	72.59	30.8	4.92	4.42
EBITDA, 3 Yr. CAGR %	-	30.23	68.11	90.99	-29.57
EBITA, 3 Yr. CAGR %	59	32.05	68.14	81.73	-33.46
EBIT, 3 Yr. CAGR %	110.91	32.65	53.61	25.04	-50.97
Earnings From Cont. Operations, 3 Yr. CAGR %	119.52	2.9	128.76	-17.41	-42.58
Net Income, 3 Yr. CAGR %	119.52	2.9	128.76	-8.73	-42.58
Normalized Net Income, 3 Yr. CAGR %	107.7	-9.9	72.39	-32.88	-34.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-28.36	-36.82	93.64	-20.63	-37
Accounts Receivable, 3 Yr. CAGR %	-	105.37	66.27	-25.2	-24.16
Inventory, 3 Yr. CAGR %	-	71.71	8.3	1.42	15.44
Net Property, Plant and Equip., 3 Yr. CAGR %	-	22.29	42.49	48.17	23.46
Total Assets, 3 Yr. CAGR %	430.4	46.42	7.98	-16.81	-17.53
Tangible Book Value, 3 Yr. CAGR %	349.09	32.34	24.34	-29.78	-21.19
Common Equity, 3 Yr. CAGR %	405.6	90.82	-0.73	-24.85	-23.79
Cash From Operations, 3 Yr. CAGR %	470.57	-75.77	63.87	-23.9	214.73
Capital Expenditures, 3 Yr. CAGR %	-	122.11	54.9	-26.25	6.72
Levered Free Cash Flow, 3 Yr. CAGR %	-	-11.14	72.29	-13.82	41.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-13.3	99.66	-13.23	40.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	41.54	14.58
Gross Profit, 5 Yr. CAGR %	-	-	-	37.94	24.4
EBITDA, 5 Yr. CAGR %	-	-	-	5.28	-8.5
EBITA, 5 Yr. CAGR %	-	-	118.07	6.69	-10.98
EBIT, 5 Yr. CAGR %	-	-	124.46	4.19	-27.29
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	163.79	-22.86	-15.86
Net Income, 5 Yr. CAGR %	-	-	163.79	-18.09	-15.86
Normalized Net Income, 5 Yr. CAGR %	-	-	123.99	-38.18	-15.59
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	33.07	-42.46	-17.78
Accounts Receivable, 5 Yr. CAGR %	-	-	-	28.09	18.84
Inventory, 5 Yr. CAGR %	-	-	-	29.72	1.35
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	18.77	31.75
Total Assets, 5 Yr. CAGR %	-	-	152.65	11.29	1.61
Tangible Book Value, 5 Yr. CAGR %	-	-	101.99	3.26	11.63
Common Equity, 5 Yr. CAGR %	-	-	125.18	25.51	-1.76
Cash From Operations, 5 Yr. CAGR %	-	-	175.79	10.43	-9.42
Capital Expenditures, 5 Yr. CAGR %	-	-	-	9.8	63.86
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	21.67	39.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	19.23	53.59