<span item_type="fundamental" item_id="995353b6e2345eb0b9a5e0ca387571e8" counter_id="ST/US/GNLN" env="prod"></span><span item_type="announcement" item_id="648740401725315201" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 448 K.</p><p>EPS: As of FY2026 Q1, the actual value is USD -4.49.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -5.606 M.</p><p></p><h4>Net Revenue</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. This included approximately $27 thousand from the Wholesale and Distribution Segment and approximately $421 thousand in staking revenue from the Digital Asset Segment <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Gross Profit</h4><p>Gross profit for the first quarter of 2026 was approximately $217 thousand, marking a 70% decrease compared to the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Operating Loss</h4><p>Loss from operations was - $5.6 million in the first quarter of 2026, compared to - $3.5 million in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. The 2026 period included approximately $2.3 million of elevated legal, professional, and advisory costs <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Net Loss Attributable to Greenlane Holdings, Inc.</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Digital Asset Holdings and Strategy</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Change in Fair Value of Digital Assets</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents decreased to $13.320 million as of March 31, 2026, from $32.513 million as of December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Cash Flows from Operating Activities</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Cash Flows from Investing Activities</h4><p>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) <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. This contrasts with net cash used in investing activities of - $16 thousand in the first quarter of 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Cash Flows from Financing Activities</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p><h4>Outlook</h4><p>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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>. 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 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1743745/000149315226023792/ex99-1.htm"></span>.</p>

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