Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

GREE earnings analysis

Filed May 15, 2026 · Our reading of the company's report

The latest report

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…

Read full summary

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.

Read the original on SEC.gov

Reported figures

Earnings per share
$-0.4
Operating margin
-21.857%
Segment
Power and capacity
Segment
Cryptocurrency mining
Segment
Datacenter hosting

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

Management expects FY 2026 revenue in the range of $85 million to $100 million.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.