GREE earnings analysis
What we found in GREE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Greenidge Generation Holdings Inc. reported Q1 2026 results with total revenue of $20.8 million, representing an 8% increase compared to Q1 2025. The company recorded a net loss of $4.6 million, improving from a loss of $5.6 million in the prior year. Management highlighted significant growth in power and capacity revenue, which surged 103% year-over-year, driven by higher demand and pricing.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 8% YoY
- Total revenue increased to $20.8 million from $19.2 million in Q1 2025.
- Power and Capacity Revenue Soars
- Power and capacity revenue reached $18.7 million, up 103% year-over-year.
- Net Loss Reduction
- Net loss decreased to $4.6 million from $5.6 million in the prior year.
- Interest Expense Decline
- Interest expense dropped significantly from $2.9 million to $0.17 million, a decrease of 94%.
- Improved Operating Efficiency in Power Sales
- Increased power sales volume contributed to higher revenue, reflecting favorable market conditions.
- Cash Position Improvement
- Cash and cash equivalents decreased to $7.1 million from $19.6 million as of December 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Debt Maturity Concern
- Management expressed uncertainty about repaying $35.2 million in Senior Notes due October 2026.
- Regulatory Compliance Risk
- The company may face challenges with Nasdaq listing requirements due to recent non-compliance issues.
- Equipment Aging and Obsolescence Risk
- Declines in hashprice and aging equipment could negatively impact hosting revenues.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.4
- Operating margin
- -21.857%
- Segment
- Power and capacity
- Segment
- Cryptocurrency mining
- Segment
- Datacenter hosting
What they said about what is next.
Management expects FY 2026 revenue in the range of $85 million to $100 million.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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