)
Visual
test
Great Elm Capital
Great Elm Capital (GECC) investor relations material
Great Elm Capital Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Net asset value (NAV) per share declined to $10.01 from $12.10, mainly due to unrealized losses on First Brands investments and significant unrealized depreciation.
Net investment income (NII) dropped to $2.4 million ($0.20 per share) from $5.9 million ($0.51 per share) in the prior quarter, impacted by lower CLO JV distributions and higher interest expense.
Total investment income for Q3 2025 was $10.6 million, down from $14.3 million in Q2 2025, mainly due to lower CLO JV distributions and absence of an insurance-related distribution.
Board approved a $0.37 per share dividend for Q4 2025 and a $10 million share repurchase program.
Raised $27 million in equity, refinanced high-cost debt, and expanded the revolver to $50 million, resulting in strong liquidity and capital position.
Financial highlights
Net assets stood at $140 million as of September 30, 2025, with total fair value of investments at $325.1 million.
Debt-to-equity ratio was 1.47x, with $205 million in total debt outstanding and $25 million in cash.
Net realized and unrealized losses totaled $24.4 million ($1.98 per share) for Q3 2025.
Annualized dividend yield was 19.8% on market price and 14.8% on NAV.
Asset coverage ratio was 168.2% as of September 30, 2025.
Outlook and guidance
Management expects NII to recover in Q4 2025, driven by increased CLO JV distributions, normalized interest expense, and new capital deployments.
Board maintained the quarterly distribution at $0.37 per share for Q4 2025.
Plan to harvest over $20 million from non-yielding assets and redeploy into income-generating investments.
Ample liquidity and leverage at approximately 1.5x debt-to-equity position the company for further capital deployment.
Next insurance-related investment distribution expected in Q2 2026.
Specifics on reducing portfolio position size
Drivers of NII rebound beyond CLO distributions?
Target returns for redeployed non-yielding capital?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
Next Great Elm Capital earnings date
Q4 20255 Mar, 2026
Great Elm Capital
Next Great Elm Capital earnings date
Q4 20255 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Great Elm Capital Corp. (GECC) is an externally managed business development company that focuses on generating current income and capital appreciation. It achieves this by investing in debt instruments and income-generating equity securities, including stakes in specialty finance businesses. GECC specializes in loan and mezzanine investments in middle-market companies, with a preference for investing in sectors such as media, commercial services and supplies, healthcare, telecommunications services, and communications equipment. The company is headquartered in Waltham, Massachusetts, and its shares are listed on the Nasdaq.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage