Great Elm Q4 revenue jumps 88%, profit falls on lower investment gains

Key reported metrics

Metric	Actual
Q4 Revenue	$10.56 million
Q4 Net Income	$1.06 million
Q4 Adjusted EBITDA	$288,000

Drivers behind the quarter

Lower investment gains: Q4 net income fell as net realized and unrealized gains declined to $2.5 million from $16.5 million year over year.
Real estate activity: Monomoy REIT achieved record Q4 capital deployment with six acquisitions and about $34 million of deployed and committed capital.
Capital raising: Great Elm and its managed vehicles raised about $393 million of gross capital during FY2026.

Q4 revenue and profit details

Great Elm's Q4 revenue rose 88% year over year to $10.6 million. Net income fell to $1.1 million from a year earlier, as lower unrealized investment gains weighed on results.