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Greenlane GNLN Reports $24.8 Million Second-Quarter Loss as Revenue Falls to $82,000

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Greenlane Holdings Inc. (GNLN) reported a net loss attributable to the company of $24.8 million, or $6.06 per Class A share, for the second quarter ended June 30, 2026. Net revenue was $82,000, compared with $788,000 in the prior-year quarter.

The company reported $309,000 of staking and yield revenue and reduced total operating expenses to $3.6 million from $5.8 million in the first quarter. Greenlane held approximately 81.3 million BERA units, including BERA-equivalent tokens, with a fair value of approximately $16.4 million at quarter-end.

  • Net revenue was $82,000, down 90% from the second quarter of 2025.
  • Net loss was $24.8 million, compared with a $3.2 million loss a year earlier.
  • Operating loss was $3.3 million, compared with $5.6 million in the first quarter of 2026.
  • The company recorded a $19.1 million change in fair value of digital assets and a $1.8 million investment impairment.
  • BERA-per-share was approximately 117 units at June 30, up approximately 37% from year-end.

$GNLN Hedge Fund Activity

We have seen 5 institutional investors add shares of $GNLN stock to their portfolio, and 11 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • CITADEL ADVISORS LLC added 55,226 shares (+inf%) to their portfolio in Q1 2026, for an estimated $163,468
  • JANE STREET GROUP, LLC added 35,463 shares (+inf%) to their portfolio in Q1 2026, for an estimated $13,121
  • COINFUND MANAGEMENT LLC removed 21,213 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $62,790
  • VIRTU FINANCIAL LLC removed 10,154 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $3,756
  • GROUND SWELL CAPITAL, LLC removed 2,479 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $5,999
  • HRT FINANCIAL LP removed 1,519 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $3,675
  • CITIGROUP INC added 1,086 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,628

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

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