# Greenlane Holdings, Inc. (GNLN)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $24M  
**Price:** $3.14 (+4.32%)

> Greenlane Holdings, Inc. operates as a global platform for the development and distribution of premium lifestyle accessories and consumer products, including vaporization products and accessories. It supplies these items through a broad network of specialty and convenience retailers, as well as direct-to-consumer channels, positioning it as a leading distributor of premium consumer brands in the lifestyle sector. In addition to its core operating business, the company pursues a Berachain-focused digital asset treasury strategy, centered on acquiring and managing BERA tokens to increase BERA-per-share. This initiative includes validator operations and participation in the Berachain network's Proof of Liquidity ecosystem, all within a publicly-traded company framework that adheres to governance, disclosure, and oversight standards. Greenlane Holdings, Inc. supports real applications on the Berachain blockchain while maintaining its established distribution model for consumer goods. Headquartered in Boca Raton, Florida, it serves retailers and consumers seeking high-quality lifestyle products and innovative digital asset strategies.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4M | -$12M | -$54M | -$86M | $-11.42 |
| 2024 | $13M | $6M | -$12M | -$18M | $-14.56 |
| 2023 | $65M | $18M | -$26M | -$32M | $-8.16 |
| 2022 | $137M | $25M | -$184M | -$170M | $-22.51 |
| 2021 | $166M | $34M | -$53M | -$31M | $-15.85 |
| 2020 | $138M | $23M | -$49M | -$15M | $-1.22 |
| 2019 | $185M | $31M | -$25M | -$29M | — |
| 2018 | $179M | $36M | -$2M | -$6M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $75M | $7M | $68M | $33M | — |
| 2024 | $29M | $22M | $6M | $899,000 | $8M |
| 2023 | $38M | $27M | $11M | $463,000 | $7M |
| 2022 | $90M | $51M | $39M | $6M | $18M |
| 2021 | $286M | $89M | $175M | $13M | $23M |
| 2020 | $123M | $53M | $15M | $30M | $8M |
| 2019 | $153M | $39M | $22M | $48M | $8M |
| 2018 | $78M | $79M | -$11M | $7M | $49M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$16M | $98,000 | -$16M |
| 2024 | -$7M | $244,000 | -$7M |
| 2023 | -$2M | $1M | -$3M |
| 2022 | -$26M | $3M | -$29M |
| 2021 | -$37M | $4M | -$42M |
| 2020 | -$12M | $2M | -$14M |
| 2019 | -$37M | $2M | -$39M |
| 2018 | -$14M | $11M | -$24M |

Source: [CompaniesByCap](https://companiesbycap.com/company/GNLN)