--- title: "Greenland Tech | 10-K: FY2025 Revenue: USD 90.69 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/280210951.md" datetime: "2026-03-23T20:18:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280210951.md) - [en](https://longbridge.com/en/news/280210951.md) - [zh-HK](https://longbridge.com/zh-HK/news/280210951.md) --- # Greenland Tech | 10-K: FY2025 Revenue: USD 90.69 M Revenue: As of FY2025, the actual value is USD 90.69 M. EPS: As of FY2025, the actual value is USD 0.31. EBIT: As of FY2025, the actual value is USD 6.956 M. Greenland Technologies Holding Corporation operates as a single reportable operating segment, focusing on designing, developing, manufacturing, and selling components and products for global material handling industries. #### Segment Revenue Greenland Technologies Holding Corporation’s total revenue increased by approximately $6.75 million, or 8.0%, to $90.69 million for the fiscal year ended December 31, 2025, from $83.94 million in 2024. Excluding exchange rate fluctuations, revenue increased by approximately 8.9% in 2025 compared to 2024, primarily driven by an increase of approximately $8.07 million in the sales volume of transmission products. The company sold 166,317 sets of transmission products in 2025, an increase of approximately 11.2% from 149,597 sets sold in 2024. Revenue disaggregation by major product for the fiscal years ended December 31: **Transmission boxes for Forklift:** $87,821,709 in 2025 compared to $79,753,008 in 2024. **Transmission boxes for Non-Forklift (EV, etc.):** $2,872,298 in 2025 compared to $4,191,653 in 2024. Revenue disaggregation by geographical area for the fiscal years ended December 31: **Domestic Sales:** $88,734,230 in 2025 compared to $82,249,656 in 2024. **International Sales:** $1,959,777 in 2025 compared to $1,695,005 in 2024. #### Operational Metrics - **Gross Profit:** Increased by approximately $5.91 million, or 26.2%, to $28.45 million in 2025 from $22.53 million in 2024. - **Gross Margin:** Was approximately 31.4% in 2025, up from 26.8% in 2024. - **Total Operating Expenses:** Increased by 110.5% to $20.92 million in 2025 from $9.94 million in 2024, primarily due to higher stock-based compensation, research and development expenses, and inventory provision. - **Selling Expenses:** Decreased by $0.41 million, or 19.2%, to $1.74 million in 2025 from $2.15 million in 2024, mainly due to a decrease in after-sales service fees. - **General and Administrative Expenses:** Increased by approximately $10.41 million, or 214.6%, to $15.27 million in 2025 from $4.85 million in 2024, driven by increased stock-based compensation expense, uncollectible accounts written off, and provision for inventory. - **Research and Development Expenses:** Increased by approximately $0.98 million, or 33.5%, to $3.92 million in 2025 from $2.94 million in 2024, reflecting a significant increase in R&D activities. - **Income from Operations:** Decreased by approximately $5.07 million to $7.52 million in 2025 from $12.59 million in 2024. - **Net Income:** Decreased to $8.60 million in 2025 from $15.15 million in 2024, a reduction of approximately $6.56 million. #### Cash Flow - **Net Cash Provided by Operating Activities:** Increased to $15.61 million in 2025 from $13.34 million in 2024. - **Net Cash Used in Investing Activities:** Decreased to - $0.92 million in 2025 from - $1.87 million in 2024. - **Net Cash Used in Financing Activities:** Decreased to - $15.61 million in 2025 from - $30.90 million in 2024. #### Unique Metrics - **Cash and Cash Equivalents:** Increased to $7.78 million as of December 31, 2025, from $6.66 million as of December 31, 2024. - **Restricted Cash:** Decreased to $0.07 million as of December 31, 2025, from $1.95 million as of December 31, 2024, due to a decrease in notes payable collateralized by cash. - **Short-term Investment:** Increased to $24.45 million as of December 31, 2025, from $18.54 million as of December 31, 2024. - **Accounts Receivable, net:** Increased to $17.26 million as of December 31, 2025, from $15.80 million as of December 31, 2024. - **Notes Receivable:** Decreased to $14.70 million as of December 31, 2025, from $22.74 million as of December 31, 2024. - **Working Capital:** Increased to $46.97 million as of December 31, 2025, from $35.11 million as of December 31, 2024. #### Outlook / Guidance Greenland Technologies Holding Corporation anticipates having sufficient cash and existing funding sources to cover operations for the next 12 months and expects to continue generating positive cash flow from operations. The company projects its cash flow will improve for the remainder of fiscal year 2026. However, additional cash resources may be required for investments, acquisitions, or if conditions change, potentially leading to the issuance of debt or equity securities. ### Related Stocks - [GTEC.US](https://longbridge.com/en/quote/GTEC.US.md) ## Related News & Research - [Buffett’s 90/10 index fund strategy gains fresh relevance](https://longbridge.com/en/news/286651662.md) - [LVPAI GROUP Ltd FY 2026: Revenue $0 Net income $(30,385), EPS $(0.00) — 10-K Summary](https://longbridge.com/en/news/286806541.md) - [Insteel Industries; the Infrastructure Input That Cannot Be Swapped Out](https://longbridge.com/en/news/286813861.md) - [Tucker Asset Management LLC Lowers Stock Position in RTX Corporation $RTX](https://longbridge.com/en/news/286763382.md) - [Greenwave Technology Delays Quarterly SEC Filing](https://longbridge.com/en/news/286623944.md)