{"id":1017059,"date":"2026-11-05T03:16:28","date_gmt":"2026-11-05T08:16:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-group-reports-fiscal-2027-first-quarter-financial-results\/"},"modified":"2026-11-05T03:16:28","modified_gmt":"2026-11-05T08:16:28","slug":"great-elm-group-reports-fiscal-2027-first-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-group-reports-fiscal-2027-first-quarter-financial-results\/","title":{"rendered":"Great Elm Group Reports Fiscal 2027 First Quarter Financial Results"},"content":{"rendered":"
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\n Advancing Strategic Initiatives Across Credit and Real Estate to Drive Growth and Expand Fee-Paying AUM<\/em>
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\n Strong Balance Sheet with Over $43 Million of Cash and Cash Equivalents to Support Continued Growth Initiatives <\/em>
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\n Monomoy REIT Continued Acquisition Momentum, Deploying Approximately $8 Million1<\/sup> While Building Its Largest Investment Pipeline to Date<\/em>
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\n Fiscal First Quarter Net Loss of Approximately $4 Million, Narrowed from $7 Million in the Prior-Year Period<\/em>
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\n Repurchased Approximately 266,000 Shares for $0.6 Million During the First Quarter<\/em>
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\n Company to Host Conference Call at 8:30 a.m. ET on November 5, 2026<\/strong>\n <\/p>\n

PALM BEACH GARDENS, Fla., Nov. 04, 2026 (GLOBE NEWSWIRE) — Great Elm Group, Inc. (\u201cwe,\u201d \u201cour,\u201d \u201cGEG,\u201d \u201cGreat Elm,\u201d or \u201cthe Company\u201d), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal first quarter ended September 30, 2026.<\/p>\n

\n Management Commentary<\/strong>\n <\/p>\n

Jason Reese, Chief Executive Officer of the Company, stated, \u201cWe made meaningful progress during the quarter on several strategic initiatives designed to drive growth across our alternative asset management platform, expand fee-paying assets under management, and build a more scalable and durable earnings base. While our first quarter financial results reflected the uneven cadence of certain real estate investment sales and headwinds in alternative credit, we remain confident in our ability to execute on our strategic priorities.<\/p>\n

In Alternative Credit, GECC remains focused on sustainable investment performance, preserving liquidity, and rebuilding net asset value. We are prioritizing portfolio diversification, credit quality, and disciplined underwriting over incremental yield, while maintaining a measured approach to capital deployment. GECC\u2019s lower leverage, ample liquidity, and manageable debt maturity profile provide flexibility to capitalize on compelling investment opportunities. Our institutional relationships and differentiated sourcing capabilities further enhance our ability to identify investments that we believe can generate attractive risk-adjusted returns and support more consistent earnings over time.<\/p>\n

Our Real Estate business continues to demonstrate strong momentum, driven by the expansion of Monomoy REIT’s industrial outdoor storage portfolio and our vertically integrated operating capabilities. During the quarter, Monomoy REIT deployed approximately $8 million of committed capital and built its largest acquisition pipeline to date, representing nearly $90 million of potential investments. We also continued to explore capital raising opportunities to support the next phase of growth across the platform.<\/p>\n

We continue to actively manage our direct investment portfolio while pursuing opportunities for additional value creation. During the quarter, we received approximately $0.7\u00a0million in distributions from our CoreWeave-related equity investment, bringing cumulative distributions to approximately $8.6 million against our original $5.0 million investment, with additional upside potential.<\/p>\n

With approximately $43 million of cash and cash equivalents at quarter end, we believe Great Elm is well positioned to support its strategic growth initiatives. We also repurchased shares of our common stock for the twelfth consecutive quarter, reflecting our confidence in the long-term value of the Company. Looking ahead, our priorities remain centered on disciplined capital allocation, growing AUM and recurring fee revenue, and delivering sustainable long-term value for shareholders.\u201d<\/p>\n

\n Fiscal 2027 First Quarter and Recent Highlights<\/strong>\n <\/p>\n