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GECCI

Great Elm Capital Corp. 8.50% Notes DUE 2029

GECCI

Great Elm Capital Corp. 8.50% Notes DUE 2029 • NASDAQ
$25.43 ▲ 0.00% (+0.00)
Market Cap $105.36 M
52w High $25.72
52w Low $24.75
Dividend Yield 2.13%
P/E 0
Volume 105
Outstanding Shares 4.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.583M ▼ $505K ▲ $2.671M ▼ 35.224% ▼ $-1.79 ▼ $37.957M ▲
Q2-2025 $7.969M ▲ $383K ▲ $5.972M ▲ 74.94% ▲ $1.02 ▲ $7.127M ▼
Q1-2025 $7.966M $355K $4.644M 58.298% $0.04 $7.187M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $420.049M ▲ $279.951M ▲ $140.098M ▲
Q2-2025 $960K ▼ $409.326M ▲ $269.294M ▲ $140.032M ▲
Q1-2025 $1.273M ▲ $350.83M ▲ $218.535M ▲ $132.295M ▲
Q4-2024 $0 $49.22M $33.893M $15.327M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-453K ▼ $-25.232M ▼ $-99.433M ▼ $24.272M ▲ $0 ▲ $-25.232M ▼
Q2-2025 $0 ▼ $9.693M ▲ $51.413M ▲ $-10.006M ▼ $-313K ▼ $9.693M ▲
Q1-2025 $4.644M $-5.869M $-24.091M $7.142M $1.273M $-5.869M

Five-Year Company Overview

Income Statement

Income Statement GECCI represents notes issued by Great Elm Capital Corp., so the underlying income statement is that of an investment company, not an operating manufacturer or retailer. Based on the latest snapshot, revenue and profits appear positive but very small in scale. That suggests the business is generating some investment income and a modest net profit, but still at an early or rebuilding stage. With only one recent year of data and a relatively new listing, earnings quality and stability are hard to judge; results could swing meaningfully from year to year as individual investments perform well or poorly.

Balance Sheet

Balance Sheet The balance sheet shows a modest asset base and equity, with no separate cash or debt figures visible in this summary. For a business development company, the most important questions are usually: how diversified the investment portfolio is, how conservative the valuations are, and how much leverage sits at the company or fund level. None of that is fully captured in this high-level snapshot, so balance sheet strength and risk can’t be fully assessed here. Still, the presence of equity backing a relatively small asset base points to a compact, specialized platform rather than a large, systemically important player.

Cash Flow

Cash Flow Reported operating and free cash flow are negative, which means the company used more cash than it generated over the period. For an investment company, that can reflect capital being put to work in new deals, timing differences in income recognition versus cash receipts, or higher operating costs relative to current income. With effectively no capital spending reported, the cash strain appears to be more about operations and investment activity than about physical expansion. This pattern may be normal during growth or repositioning phases, but it also means the business currently depends on capital markets, credit lines, or prior cash reserves rather than self-funding its activities.

Competitive Edge

Competitive Edge Great Elm competes in a niche corner of the asset management world by focusing on specialty finance and middle‑market lending rather than broad, liquid credit markets. Its edge is built around tailored financing solutions—such as factoring, asset‑backed loans, and healthcare‑focused lending—and on proprietary deal sourcing through relationships and partners. The company leans on a seasoned credit team and joint ventures (for example, in equipment financing) to uncover situations that may not be widely available to larger, plain‑vanilla lenders. This gives it a differentiated but also more specialized and less diversified competitive position, where performance depends heavily on credit selection and risk management in a relatively narrow slice of the market.

Innovation and R&D

Innovation and R&D Innovation here is more about financial structuring and sourcing than about traditional research and development. Great Elm has been deliberately shifting its portfolio toward specialty finance, building a platform that can serve companies across different stages—early‑stage factoring, asset‑backed lending, and specialized healthcare lending. It has also invested in joint ventures and collateralized loan obligation strategies to create additional income channels. Recent history shows both upside and downside: record investment income in one period, followed by a hit to asset value after a major portfolio company bankruptcy. That mix underscores an innovative but higher‑touch approach, where disciplined execution and risk controls will matter as much as the creative deal structures themselves.

Summary

Overall, the instrument labeled GECCI is tied to a relatively small, specialized business development company that earns its money by lending to and financing middle‑market businesses rather than running a large operating business. The latest figures point to modest profitability on a small base, a compact balance sheet, and negative cash flow as the company invests and operates. Strategically, Great Elm is leaning into specialty finance, joint ventures, and bespoke lending solutions, which can provide attractive opportunities but also expose it to concentrated credit risks, as seen in the impact of a single borrower’s bankruptcy. With only a short trading history and limited financial detail in this snapshot, the key uncertainties revolve around the sustainability of earnings, the resilience of the loan portfolio, and management’s ability to balance growth in specialty finance with prudent risk management over time.