Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations and Comprehensive Loss

v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]    
Net revenue $ 4,355 $ 13,275
Cost of sales 16,820 6,993
Gross (loss) profit (12,465) 6,282
Operating expenses:    
Salaries, benefits and payroll taxes 9,947 7,380
Stock based compensation – strategic advisory warrants 18,553
General and administrative 10,646 9,764
Restructuring expenses 1,492
Impairment of property, plant and equipment 650 153
Depreciation and amortization 493 800
Total operating expenses 41,781 18,097
Loss from operations (54,246) (11,815)
Other income (expense),net:    
Interest expense (394) (5,941)
Change in fair value of contingent consideration 1,000
Change in fair value of digital assets (31,147)
Loss on extinguishment of debt (876)
Other expense, net 213 (25)
Total other expense, net (31,327) (5,842)
Loss before income taxes (85,573) (17,657)
Provision for income taxes 7
Net loss (85,580) (17,657)
Less: Net loss attributable to non-controlling interest (17)
Net loss attributable to Greenlane Holdings, Inc. $ (85,580) $ (17,640)
Net loss attributable to Class A common stock per share - basic [1] $ (11.42) $ (14.56)
Net loss attributable to Class A common stock per share - diluted [1],[2] $ (11.42) $ (14.56)
Weighted-average shares of Class A common stock outstanding - basic [1] 7,492,000 1,212,000
Weighted-average shares of Class A common stock outstanding - dilued [1],[2] 7,491,560 1,212,000
Other comprehensive income (loss):    
Foreign currency translation adjustments $ 20
Comprehensive loss (85,580) (17,637)
Less: comprehensive loss attributable to non-controlling interest (17)
Comprehensive loss attributable to Greenlane Holdings, Inc. $ (85,580) $ (17,620)
[1] After giving effect to the Reverse Stock Splits - See Note 10 - Stockholders’ Equity.
[2] After giving effect to the June 2025 1-for-750 Reverse Stock Split.