Greenland Technologies Holding (GTEC) Financial Statements & Analysis

Greenland Technologies Holding (GTEC) Income Statement

Greenland Technologies Holding reported revenue of $90.69M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 8.0% from $83.94M a year earlier. Net income was $4.93M, down 64.9% year over year, a net margin of 5.4%. Gross margin was 31.4% and operating margin 9.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $29.88M, up 37.6% from the same quarter a year earlier.

Greenland Technologies Holding Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Greenland Technologies Holding Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Nov 2018	Dec 2017
Revenue & Gross Profit
Revenue	90.69	83.94	90.33	90.83	98.84	66.86	52.40	60.21	49.07
Cost of Revenue	62.25	61.41	65.76	71.00	79.25	54.05	40.02	46.14	37.21
Gross Profit	28.45	22.53	24.58	19.83	19.59	12.81	12.38	14.07	11.86
Operating Expenses
Research & Development	3.92	2.94	5.42	5.79	5.53	2.38	2.36	2.51	1.84
Selling, General & Administrative	17.00	7.00	8.37	8.09	5.82	3.72	3.42	2.86	10.88
Operating Expenses	20.11	9.94	13.80	13.88	11.34	6.10	5.77	5.38	12.71
Operating Income	8.33	12.59	10.78	5.96	8.25	6.71	6.60	8.70	-0.85
Other Income/Expense
Interest Income	0.68	0.86	0.14	0.06	0.07	0.00	0.15	0.30	1.15
Interest Expense	0.11	-0.08	0.25	0.40	0.59	-0.93	1.29	1.56	0.00
Other Income/Expense	3.21	4.07	-34.09	-1.11	1.38	1.00	-0.67	-0.68	-0.23
Income
Income Before Tax	12.11	16.67	-23.31	4.50	9.11	8.64	5.93	8.02	-1.08
Income Tax Expense	3.51	1.51	1.71	0.70	1.84	2.27	0.85	1.39	2.19
Net Income	4.93	14.07	-15.88	0.75	6.27	6.76	4.46	5.96	-3.27
Net Income - Continuous Operations	8.60	15.15	-15.88	3.80	7.27	6.76	4.46	5.96	-3.27
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	14.63	14.84	-20.87	7.34	12.21	9.14	9.52	11.15	0.44
EBIT	12.22	12.59	-23.68	4.91	9.70	6.71	-	-	-
Depreciation & Amortization	2.41	2.25	2.19	2.44	2.51	2.44	2.30	1.58	1.29
Earnings Per Share
Basic EPS	-	1.00	-1.00	-	1.00	1.00	1.00	1.00	-3.00
Diluted EPS	-	1.00	-1.00	-	1.00	1.00	1.00	1.00	-3.00
Basic Shares Outstanding	16.15	13.59	13.23	11.89	10.84	10.04	7.93	7.50	1.00
Diluted Shares Outstanding	16.15	13.59	13.23	11.89	10.84	10.04	7.93	7.50	1.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Greenland Technologies Holding Financial Statements

What was Greenland Technologies Holding's revenue in fiscal 2025?

Greenland Technologies Holding reported revenue of $90.69M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 8.0% from $83.94M a year earlier.

Is Greenland Technologies Holding profitable?

Yes. Greenland Technologies Holding earned net income of $4.93M in fiscal 2025, a net margin of 5.4%. In fiscal 2024 it earned $14.07M.

What is Greenland Technologies Holding's operating margin?

Greenland Technologies Holding's operating income was $8.33M on revenue of $90.69M in fiscal 2025, an operating margin of 9.2%, compared with 15.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition