Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements Of Operations And Comprehensive Loss (Unaudited)

v3.26.1
Condensed Consolidated Statements Of Operations And Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net revenue $ 82 $ 788 $ 109 $ 2,257
Cost of sales 50 786 282 1,534
Gross profit (loss) 32 2 (173) 723
Staking and yield revenue, net 309 729
Operating expenses:        
Salaries, benefits and payroll taxes 738 1,119 2,172 2,386
Stock-based compensation – strategic advisory warrants 236 476
General and administrative 2,525 1,938 6,511 4,762
Depreciation and amortization 126 201 253 307
Total operating expenses 3,625 3,258 9,412 7,455
Loss from operations (3,284) (3,256) (8,856) (6,732)
Other income (expense), net:        
Interest income (expense), net 22 56 (391)
Change in fair value of digital assets (19,142) (32,011)
Impairment of investments (1,769) (1,769)
Other income (expense), net (665) 41 (469) 41
Total other income (expense), net (21,554) 41 (34,193) (350)
Loss before income taxes (24,838) (3,215) (43,049) (7,082)
Provision for (benefit from) income taxes (5) (5)
Net loss (24,833) (3,215) (43,044) (7,082)
Less: Net income attributable to non-controlling interest 149
Net loss attributable to Greenlane Holdings, Inc. $ (24,833) $ (3,215) $ (43,193) $ (7,082)
Net loss attributable to Class A common stock per share - basic [1] $ (6.06) $ (25.46) $ (10.60) $ (111.42)
Net loss attributable to Class A common stock per share - diluted [1] $ (6.06) $ (25.46) $ (10.60) $ (111.42)
Weighted-average shares of Class A common stock outstanding - basic [1] 4,097,688 126,277 4,075,852 63,562
Weighted-average shares of Class A common stock outstanding - dilued [1] 4,097,688 126,277 4,075,852 63,562
Other comprehensive income (loss) attributable to Greenlane Holdings, Inc.:        
Reclassification adjustment for accumulated foreign currency translation gain included in net loss $ (265)
Other comprehensive income (loss) (265)
Comprehensive loss attributable to Greenlane Holdings, Inc. $ (24,833) $ (3,215) $ (43,458) $ (7,082)
[1] After giving effect to the Reverse Stock Splits - See Note 8 - Stockholders’ Equity.