Greenlane | 8-K: FY2026 Q1 Revenue: USD 448 K

Revenue: As of FY2026 Q1, the actual value is USD 448 K.

EPS: As of FY2026 Q1, the actual value is USD -4.49.

EBIT: As of FY2026 Q1, the actual value is USD -5.606 M.

Net Revenue

Net revenue for Greenlane Holdings, Inc. was approximately $0.4 million for the first quarter of 2026, representing a decrease of approximately 70% compared to $1.5 million in the first quarter of 2025 . This included approximately $27 thousand from the Wholesale and Distribution Segment and approximately $421 thousand in staking revenue from the Digital Asset Segment .

Gross Profit

Gross profit for the first quarter of 2026 was approximately $217 thousand, marking a 70% decrease compared to the first quarter of 2025 .

Operating Loss

Loss from operations was - $5.6 million in the first quarter of 2026, compared to - $3.5 million in the first quarter of 2025 . The 2026 period included approximately $2.3 million of elevated legal, professional, and advisory costs .

Net Loss Attributable to Greenlane Holdings, Inc.

Net loss attributable to Greenlane Holdings, Inc. was - $18.4 million for the first quarter of 2026, compared to - $3.9 million in the prior year period, indicating a 375% increase in net loss .

Digital Asset Holdings and Strategy

Greenlane Holdings, Inc. held approximately 77.7 million units of BERA (inclusive of BERA-equivalent tokens) as of March 31, 2026, an increase from approximately 51.7 million units at December 31, 2025 . The cost basis for these holdings was approximately $68.7 million, with a fair value of approximately $34.2 million as of March 31, 2026 . BERA-per-share increased by approximately 44% from 86 units per Class A share at December 31, 2025, to 123 units per Class A share at March 31, 2026 . During the first quarter of 2026, the company deployed approximately $10.1 million into BERA and BERA-equivalent digital assets and about $4.0 million into stablecoin-related protocol instruments . The company recognized approximately $0.4 million in staking revenue from participation in Berachain’s Proof of Liquidity consensus mechanism during the first quarter of 2026 .

Change in Fair Value of Digital Assets

Greenlane Holdings, Inc. recognized a non-cash change in the fair value of digital assets of - $12.9 million during the first quarter of 2026, primarily due to market fluctuations in the price of BERA .

Cash and Cash Equivalents

Cash and cash equivalents decreased to $13.320 million as of March 31, 2026, from $32.513 million as of December 31, 2025 .

Cash Flows from Operating Activities

Net cash used in operating activities was - $4.830 million for the three months ended March 31, 2026, compared to - $3.445 million for the same period in 2025 .

Cash Flows from Investing Activities

Net cash used in investing activities was - $14.363 million for the three months ended March 31, 2026, primarily due to purchases of digital assets (- $10.129 million) and stablecoin-related protocol instruments (- $3.999 million) . This contrasts with net cash used in investing activities of - $16 thousand in the first quarter of 2025 .

Cash Flows from Financing Activities

Net cash provided by financing activities was $0 for the three months ended March 31, 2026, compared to $11.078 million for the same period in 2025, which included proceeds from the issuance of Class A common stock and warrants .

Outlook

Management indicated a focus on the disciplined execution of its BERA Strategy and continued alignment of its cost base with the scale of its remaining operations . The elevated legal, professional, and advisory costs of approximately $2.3 million incurred in Q1 2026 are not expected to recur at the same level in future periods .