{"id":959288,"date":"2026-05-06T18:43:29","date_gmt":"2026-05-06T22:43:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-group-reports-fiscal-2026-third-quarter-financial-results\/"},"modified":"2026-05-06T18:43:29","modified_gmt":"2026-05-06T22:43:29","slug":"great-elm-group-reports-fiscal-2026-third-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-group-reports-fiscal-2026-third-quarter-financial-results\/","title":{"rendered":"Great Elm Group Reports Fiscal 2026 Third Quarter Financial Results"},"content":{"rendered":"
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\n \u2013 Unrealized Loss of $9.8 Million on GEG\u2019s Investments in the Quarter, Driven Primarily by GECC Share Price Volatility<\/em>
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\n \u2013 Fee-Paying AUM and AUM Totaled $528 Million and $744 Million, Respectively, as of <\/em>
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\n March 31, 2026 \u2013<\/em>
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\n \u2013 Total Revenue Increased 7% from the Prior-Year Period \u2013<\/em>
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\n \u2013 Monomoy BTS Begins Development of Fourth Build-to-Suit Property \u2013<\/em>
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\n \u2013 Strong, Liquid Balance Sheet with Over $45 Million of Cash and Equivalents Positions Company to Drive Continued Growth \u2013<\/em>
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\n \u2013Repurchased Approximately 1.4 Million Shares, Over 4% of Shares Outstanding \u2013<\/em>
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\n \u2013 Board Approved a $15 Million Increase to GEG\u2019s Stock Repurchase Program, Bringing Total Authorization to $40 Million \u2013<\/em>
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\n Company to Host Conference Call at 8:30 a.m. ET on May 7, 2026<\/strong>\n <\/p>\n

PALM BEACH GARDENS, Fla., May 06, 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 third quarter ended March 31, 2026.<\/p>\n

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

Jason Reese, Chief Executive Officer of the Company stated, \u201cWe navigated a challenging fiscal third quarter against a backdrop of continued volatility and market negativity towards private credit. Results were primarily impacted by unrealized losses tied to movements in GECC\u2019s share price. Nevertheless, we remain focused on prudent capital deployment and building momentum across our alternative asset management platform.<\/p>\n

At GECC, we took decisive actions to strengthen the balance sheet and enhance portfolio quality. Our focus remains on rigorous credit underwriting, increasing portfolio diversification, and adding cash-generative, secured credit investments. GECC maintains ample liquidity and is positioned for an improved trajectory and long-term performance.<\/p>\n

Within our real estate platform, Monomoy continues to drive growth and value creation. The business delivered strong operational execution during the quarter, supported by robust acquisition activity, an expanding development pipeline, and continued progress on strategic capital initiatives. Monomoy REIT closed five acquisitions during the quarter, surpassing total acquisition activity for all of calendar 2025, and continues to action a strong pipeline of attractive opportunities. We are actively exploring additional capital raising opportunities to grow the business.<\/p>\n

We also continue to source unique investments through our proprietary network. Our CoreWeave-related investment continues to perform well, with cumulative distributions exceeding our initial investment and meaningful upside potential remaining at current trading levels.<\/p>\n

Finally, we repurchased a significant amount of our common stock for the tenth consecutive quarter, underscoring our conviction in the business and our commitment to building shareholder value. Under our recently expanded stock repurchase program, approximately $25 million of capacity remains available. Looking ahead, we are focused on selectively deploying capital into compelling opportunities, growing assets under management and fee-related earnings, and delivering sustained long-term value for our shareholders.\u201d<\/p>\n

\n Fiscal Third Quarter 2026 and Recent Highlights<\/strong>\n <\/p>\n