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GTEC

Greenland Technologies Holding Corporation

GTEC

Greenland Technologies Holding Corporation • NASDAQ
$1.07 ▲ 2.88% (+0.03)
Market Cap $18.61 M
52w High $2.92
52w Low $0.92
Dividend Yield 0%
P/E 1.11
Volume 57.17K
Outstanding Shares 17.39M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.402M ▲ $2.508M ▼ $5.733M ▲ 24.496% ▲ $0.33 ▲ $8.027M ▲
Q2-2025 $21.72M ▲ $8.074M ▲ $-3.225M ▼ -14.849% ▼ $-0.2 ▼ $-1.39M ▼
Q1-2025 $21.678M ▲ $1.852M ▲ $4.004M ▼ 18.47% ▼ $0.29 ▼ $5.958M ▼
Q4-2024 $19.37M ▲ $1.393M ▼ $7.598M ▲ 39.227% ▲ $0.56 ▲ $6.613M ▲
Q3-2024 $18.834M $2.038M $-684.391K -3.634% $-0.05 $1.273M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $33.041M ▲ $123.425M ▼ $53.573M ▼ $75.42M ▲
Q2-2025 $23.098M ▲ $123.57M ▲ $60.343M ▼ $69.205M ▲
Q1-2025 $20.162M ▼ $118.65M ▲ $60.558M ▼ $64.624M ▲
Q4-2024 $25.194M ▲ $115.576M ▼ $62.307M ▼ $60.208M ▲
Q3-2024 $24.688M $127.507M $66.212M $57.128M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.733M ▲ $8.259M ▲ $-114.347K ▼ $-9.404M ▼ $-1.13M ▲ $8.147M ▲
Q2-2025 $-2.76M ▼ $-1.705M ▼ $135.237K ▲ $-1.091M ▲ $-2.475M ▼ $-1.705M ▼
Q1-2025 $4.563M ▼ $1.245M ▼ $-701.864K ▼ $-1.766M ▲ $-1.065M ▲ $1.245M ▼
Q4-2024 $5.352M ▲ $4.358M ▼ $242.768K ▲ $-16.512M ▼ $-12.114M ▼ $4.358M ▼
Q3-2024 $359.293K $6.059M $-135.836K $-6.902M $-300.546K $6.059M

Five-Year Company Overview

Income Statement

Income Statement Revenue over the past several years has been relatively small and mostly flat, which suggests the company is still in an early or niche phase rather than broad-scale growth. Margins have been positive but thin, so there is some ability to earn a profit, yet not a lot of room for error. Profitability dipped into a noticeable loss one year and then bounced back into a modest profit, showing that earnings can be quite volatile from year to year. Overall, the income statement points to a business that is operating near break-even, with only a modest cushion and high sensitivity to changes in demand or costs.

Balance Sheet

Balance Sheet The balance sheet is compact and fairly simple. Total assets are modest and have edged down from earlier highs, which hints at limited financial scale. Cash is present but not large, so the company does not appear to have a deep cash buffer. Debt has been coming down, which is a positive sign for financial discipline and reduces interest pressure, but it started from a non-trivial level relative to the company’s size. Shareholders’ equity has generally been stable to improving recently, which indicates that, despite bumps in profitability, the company has preserved its capital base rather than eroding it. Overall, the balance sheet looks lean: not overburdened, but with limited financial firepower.

Cash Flow

Cash Flow Operating cash flow has hovered around breakeven to slightly positive, with one year of modest outflow. This pattern reinforces the income statement picture: the business can generate cash, but not consistently or in large amounts. Free cash flow largely mirrors operating cash flow, because capital spending has been very low. That makes the business capital-light for now, but also signals that major growth investments may still lie ahead. The lack of strong, recurring cash surpluses means the company likely has to be very careful with working capital swings, new investments, and any downturn in sales.

Competitive Edge

Competitive Edge Greenland sits at the intersection of traditional industrial machinery and the emerging market for electric heavy equipment. Its long history in drivetrains for forklifts gives it established engineering know-how, manufacturing experience, and existing customer relationships—important strengths versus many newer EV entrants. Through its HEVI brand, the company has staked out an early position in all‑electric loaders and excavators, a niche where competition is still forming and regulations and customer interest are steadily moving toward cleaner equipment. At the same time, Greenland is small compared with global machinery giants and will likely face intense competition as larger players scale up their own electric offerings. Its partnership with a major construction machinery company is a key strategic lever, but the real test will be whether it can convert its early-mover status and technical depth into meaningful, sustained market share.

Innovation and R&D

Innovation and R&D Innovation is clearly central to Greenland’s strategy. The company is leveraging its drivetrain heritage to build integrated electric powertrains tailored for industrial vehicles, rather than simply adapting passenger-car technology. Its HEVI vehicles, supported by lithium‑ion batteries and dedicated charging solutions, show a systems-level approach that can be attractive to commercial operators looking for a full solution rather than a standalone machine. It is also signaling interest in autonomous features and expanding its product line, which, if executed well, could deepen its technology edge and broaden its addressable market. However, the small scale of the business means R&D and commercialization resources are limited compared with large peers, so execution risk is meaningful: product quality, reliability, service network, and the ability to protect intellectual property will be central to maintaining any innovation advantage.

Summary

Greenland Technologies is a small, specialized industrial company in transition: it is moving from a steady but limited drivetrain business into the higher‑growth, but riskier, arena of electric heavy machinery. Financially, it has shown it can be modestly profitable and cash‑generative, but on a small base and with noticeable year‑to‑year swings. The balance sheet is lean, with manageable (and declining) debt but not much excess cash, implying only a moderate buffer for setbacks. Competitively, the company benefits from deep technical roots, manufacturing experience, and a first‑mover stance in a promising niche, supported by a significant strategic partnership. On the other hand, its small size, thin margins, and limited financial resources raise questions about how quickly and how far it can scale in the face of larger industrial and EV rivals. The core story to watch is whether Greenland can turn its early innovations and partnerships into durable growth while keeping profitability and the balance sheet on solid footing.

NEWS

November 11, 2025 · 2:00 AM UTC

West Greenland Hub - Germanium, Gallium and Other Strategic Minerals Confirmed at West Greenland Hub

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November 4, 2025 · 2:00 AM UTC

Discovery of Rare Earth Elements in South Greenland, in surface grab samples

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October 28, 2025 · 3:00 AM UTC

New Gold Discoveries Across Greenland with Grades up to 38.7 g/t Au

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October 10, 2025 · 5:22 PM UTC

Greenhawk Terminates Option Agreement on Greenland Properties

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October 9, 2025 · 9:00 AM UTC

Anortech Expands High-Purity Anorthosite Footprint At Gronne Bjerg Project In Greenland

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