Great Elm Group Inc
greatelmgroup.comWhat Do They Do?
Provides investment management services to investment vehicles across credit, real estate and specialty finance, and construction management to its real estate businesses and third-party clients.
10-K for FY2026, filed Aug 26, 2026GEG is a publicly-traded alternative asset management company focused on growing a scalable and diversified portfolio of long-duration and…View ↗
We decided to invest in the asset management business because of our assessment of its ability to generate recurring free cash flows, its…View ↗
Monomoy Construction Services, LLC (MCS), our wholly owned subsidiary, is an integrated, full-service construction business. MCS is…View ↗
How Do They Make Money?
Investment vehicles pay management and administration fees over time, and may pay performance-based fees; real estate buyers pay when completed properties are sold, while clients pay management and construction fees over the service period.
10-K for FY2026, filed Aug 26, 2026The Company earns management fees based on the investment management agreements between MCRE and Monomoy UpREIT as well as between GECM and…View ↗
The Company earns incentive fees based on the investment management agreements GECM has with GECC and other private funds managed by GECM…View ↗
The Company earns administration fees based on the administration agreement GECM has with GECC whereby GECC reimburses GECM for costs…View ↗
Under the Monomoy UpREIT property management agreement, MCRE is entitled to 4.0% of rent collected. These fees are collected monthly in…View ↗
Real estate property sales occur periodically when development projects are completed and there is a sales contract with a customer for the…View ↗
MCM, a wholly owned subsidiary of MCRE, has entered into an owner’s representative agreement with respect to certain third party…View ↗
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10-K for FY2026, filed Aug 26, 2026
FY2026 revenue by product or service ↗
$27.8M
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10-K for FY2026, filed Aug 26, 2026
$27.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Alternative Credit
Recurring
10-K for FY2026, filed Aug 26, 2026 |
22% |
Alternative Credit, FY2026
$6.1M Sources
|
Recurring |
|
Real Estate
|
78% |
Real Estate, FY2026
$21.7M Sources
|
Who Are Their Customers?
GECC, Monomoy UpREIT and private funds receive investment management and administrative services under agreements; third-party construction clients hire the company for project management.
10-K for FY2026, filed Aug 26, 2026We decided to invest in the asset management business because of our assessment of its ability to generate recurring free cash flows, its…View ↗
GECM and MCRE, our wholly-owned subsidiaries, earn revenue through investment management agreements with each investment vehicle that…View ↗
MCM, a wholly owned subsidiary of MCRE, has entered into an owner’s representative agreement with respect to certain third party…View ↗
Do Revenues Turn Into Profits?
No. It lost $36.9M in FY2026.
10-K for FY2026, filed Aug 26, 2026
How Are They Changing?
Shrinking. Revenue fell 59% in 4 years, from $68M in FY2022 to $27.8M in FY2026, about 20% a year.
Expanded construction services
The older report describes land purchases and build-to-suit development; the latest describes an integrated construction business serving the company's real estate operations and third-party projects.
10-K for FY2023, filed Sep 20, 2023 10-K for FY2026, filed Aug 26, 2026In January 2023, Monomoy BTS Corporation (MBTS), our wholly-owned subsidiary, completed purchases of certain land parcels.…View ↗
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