GTEC · CIK 0001735041

GREENLAND TECHNOLOGIES HOLDING CORPORATION

Annual figures as reported, FY2017–FY2025. Ratios and growth rates derived on-page.

Revenue

$90.7M

▲ +8.0% vs FY2024

Net income

$4.9M

▼ −64.9% vs FY2024

Free cash flow

$15.1M

▲ +32.6% vs FY2024

Diluted EPS

$0.31

▼ −69.9% vs FY2024

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Recent quarters

momentum · last 12 quarters

Revenue — Mar ’26 quarter

$25.5M

▲ +17.8% vs Mar ’25

Net income — Mar ’26 quarter

$5.0M

▲ +24.9% vs Mar ’25

Revenue — trailing 12 months

$94.6M

▲ +14.1% vs Mar ’25

Diluted EPS — trailing 12 months

$0.25

▼ −78.1% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

Quarterly net income

Losses shown in terracotta

Quarter	Revenue	Rev. YoY	Gross margin	Net income	Net margin	Diluted EPS
Mar ’26	$25.5M	17.8%	34.3%	$5.0M	19.6%	$0.23
Dec ’25	$23.9M	23.4%	35.4%	−$1.6M	−6.6%	−$0.11
Sep ’25	$23.4M	24.3%	32.4%	$5.7M	24.5%	$0.33
Jun ’25	$21.7M	−5.6%	26.5%	−$3.2M	−14.8%	−$0.20
Mar ’25	$21.7M	−4.6%	30.7%	$4.0M	18.5%	$0.29
Dec ’24	$19.4M	−15.0%	26.6%	$7.6M	39.2%	$0.56
Sep ’24	$18.8M	−13.8%	26.4%	−$684K	−3.6%	−$0.05
Jun ’24	$23.0M	−2.3%	29.4%	$4.7M	20.2%	$0.34

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Dividends paid

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Growth rates

compounding, annualized

Revenue CAGR

−0.1%

+6.3%

Net income CAGR

+87.7%

−6.1%

Diluted EPS CAGR

+72.9%

−14.3%

Share count change (split-adjusted)

+60.9%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROE	ROA	Current ratio
FY2025	31.4%	8.3%	5.4%	16.6%	6.8%	4.3%	1.97×
FY2024	26.8%	15.0%	16.8%	13.6%	23.4%	12.2%	1.61×
FY2023	27.2%	11.9%	−17.6%	1.9%	−31.7%	−12.2%	1.38×
FY2022	21.8%	6.6%	0.8%	—	1.1%	0.5%	1.90×
FY2021	19.8%	8.3%	6.3%	—	10.1%	3.9%	1.63×
FY2020	19.2%	10.0%	10.1%	—	15.1%	5.1%	1.37×
FY2019	23.6%	12.6%	8.5%	12.8%	11.6%	4.2%	1.43×
FY2018	23.4%	−0.6%	−0.1%	−11.8%	−1.3%	−0.1%	23.31×
FY2017	—	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2025	$90.7M	$28.4M	$7.5M	$4.9M	$0.31	$15.6M	$526K	$115.8M	$49.5M	$72.9M	$7.8M	—
FY2024	$83.9M	$22.5M	$12.6M	$14.1M	$1.03	$13.3M	$2.0M	$115.6M	$62.3M	$60.2M	$6.7M	—
FY2023	$90.3M	$24.6M	$10.8M	−$15.9M	−$1.20	$2.4M	$735K	$130.5M	$79.8M	$50.1M	$23.0M	—
FY2022	$90.8M	$19.8M	$6.0M	$746K	$0.06	$7.3M	—	$155.1M	$75.7M	$65.7M	$16.3M	—
FY2021	$98.8M	$19.6M	$8.3M	$6.3M	$0.58	−$5.8M	—	$162.6M	$87.7M	$62.3M	$11.1M	—
FY2020	$66.9M	$12.8M	$6.7M	$6.8M	$0.67	$2.7M	—	$132.0M	$81.3M	$44.9M	$7.2M	—
FY2019	$52.4M	$12.4M	$6.6M	$4.5M	$0.56	$8.0M	$1.3M	$106.5M	$59.5M	$38.6M	$2.1M	—
FY2018	$60.2M	$14.1M	−$373K	−$67K	−$0.24	−$426K	$6.7M	$45.0M	$1.0M	$5.0M	$645K	—
FY2017	—	—	—	—	—	—	—	—	—	$35.1M	$11.9M	—

Latest filings

the most recent regulatory filings

10-QQUARTERLY REPORT2026-05-13 ↗EFFECTSEC filing2026-04-02 ↗CORRESPSEC filing2026-03-31 ↗UPLOADSEC filing2026-03-30 ↗S-3REGISTRATION STATEMENT2026-03-27 ↗10-KANNUAL REPORT2026-03-23 ↗8-KCURRENT REPORT2026-03-16 ↗8-KCURRENT REPORT2026-02-02 ↗424B4PROSPECTUS2026-01-29 ↗EFFECTSEC filing2026-01-26 ↗

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Quarter

Revenue

Rev. YoY

Gross margin

Net income

Net margin

Diluted EPS

Mar ’26

$25.5M

17.8%

34.3%

$5.0M

19.6%

$0.23

Dec ’25

$23.9M

23.4%

35.4%

−$1.6M

−6.6%

−$0.11

Sep ’25

$23.4M

24.3%

32.4%

$5.7M

24.5%

$0.33

Jun ’25

$21.7M

−5.6%

26.5%

−$3.2M

−14.8%

−$0.20

Mar ’25

$21.7M

−4.6%

30.7%

$4.0M

18.5%

$0.29

Dec ’24

$19.4M

−15.0%

26.6%

$7.6M

39.2%

$0.56

Sep ’24

$18.8M

−13.8%

26.4%

−$684K

−3.6%

−$0.05

Jun ’24

$23.0M

−2.3%

29.4%

$4.7M

20.2%

$0.34

Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROE

ROA

Current ratio

FY2025

31.4%

8.3%

5.4%

16.6%

6.8%

4.3%

1.97×

FY2024

26.8%

15.0%

16.8%

13.6%

23.4%

12.2%

1.61×

FY2023

27.2%

11.9%

−17.6%

1.9%

−31.7%

−12.2%

1.38×

FY2022

21.8%

6.6%

0.8%

—

1.1%

0.5%

1.90×

FY2021

19.8%

8.3%

6.3%

—

10.1%

3.9%

1.63×

FY2020

19.2%

10.0%

10.1%

—

15.1%

5.1%

1.37×

FY2019

23.6%

12.6%

8.5%

12.8%

11.6%

4.2%

1.43×

FY2018

23.4%

−0.6%

−0.1%

−11.8%

−1.3%

−0.1%

23.31×

FY2017

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2025

$90.7M

$28.4M

$7.5M

$4.9M

$0.31

$15.6M

$526K

$115.8M

$49.5M

$72.9M

$7.8M

—

FY2024

$83.9M

$22.5M

$12.6M

$14.1M

$1.03

$13.3M

$2.0M

$115.6M

$62.3M

$60.2M

$6.7M

—

FY2023

$90.3M

$24.6M

$10.8M

−$15.9M

−$1.20

$2.4M

$735K

$130.5M

$79.8M

$50.1M

$23.0M

—

FY2022

$90.8M

$19.8M

$6.0M

$746K

$0.06

$7.3M

—

$155.1M

$75.7M

$65.7M

$16.3M

—

FY2021

$98.8M

$19.6M

$8.3M

$6.3M

$0.58

−$5.8M

—

$162.6M

$87.7M

$62.3M

$11.1M

—

FY2020

$66.9M

$12.8M

$6.7M

$6.8M

$0.67

$2.7M

—

$132.0M

$81.3M

$44.9M

$7.2M

—

FY2019

$52.4M

$12.4M

$6.6M

$4.5M

$0.56

$8.0M

$1.3M

$106.5M

$59.5M

$38.6M

$2.1M

—

FY2018

$60.2M

$14.1M

−$373K

−$67K

−$0.24

−$426K

$6.7M

$45.0M

$1.0M

$5.0M

$645K

—

FY2017

—

$35.1M

$11.9M

—