📊 GREEL Key Takeaways
Is GREEL a Good Investment? Thesis Analysis
Greenidge Generation faces imminent solvency crisis with negative stockholders' equity of -$46.3M, critical liquidity position (0.55x current ratio), and persistent negative operating cash flows of -$15.0M. The company is technically insolvent on a balance sheet basis and cannot service its $43.1M debt burden from operations, relying instead on non-operating income to mask operational losses.
Despite reported net profitability, core operations are loss-making with a negative operating margin and negative operating cash flow. The balance sheet shows negative equity, weak liquidity (current ratio 0.55x), and inadequate interest coverage, signaling elevated financial distress risk. Net income appears driven by non-operating items, making profitability quality and sustainability poor.
Why Buy GREEL? Key Strengths
- Positive net income of $5.3M demonstrates some revenue generation and profitability at consolidated level
- Cash reserves of $19.6M provide near-term liquidity buffer for operational continuity
- Recent insider activity (6 Form 4 filings in 90 days) suggests potential strategic transactions or management confidence
- Revenue largely stable (-1.3% YoY)
- Positive net income/ROA, albeit likely non-operating driven
- Cash balance of $19.57M provides limited near-term cushion
GREEL Investment Risks to Consider
- Negative stockholders' equity of -$46.3M indicates technical insolvency and violation of debt covenants
- Critical liquidity crisis with current ratio of 0.55x unable to cover short-term obligations from current assets
- Negative operating cash flow of -$15.0M with -25.5% FCF margin indicates unsustainable cash burn
- Negative interest coverage ratio of -2.1x means company cannot service debt from operating income
- Operating margin of -6.5% reveals core business losses masked by non-operating gains
- Declining revenue (-1.3% YoY) suggests deteriorating fundamental business performance
- Negative equity and sub-1x liquidity indicate solvency pressure
- Persistent operating losses and negative FCF with -2.1x interest coverage
- Earnings quality risk from reliance on non-operating gains
Key Metrics to Watch
- Stockholders' equity trend and path to positive territory
- Operating cash flow inflection to positive
- Current ratio improvement above 0.80x minimum threshold
- Revenue stabilization and return to growth
- Operating margin recovery to breakeven or positive
- Debt refinancing terms and covenant compliance status
- Operating cash flow and FCF trend
- Current ratio and interest coverage
GREEL Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
GREEL Profitability Ratios
GREEL vs Finance Sector
How Greenidge Generation Holdings Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is GREEL Overvalued or Undervalued?
Based on fundamental analysis, Greenidge Generation Holdings Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
GREEL Balance Sheet & Liquidity
GREEL 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: Greenidge Generation Holdings Inc.'s revenue has declined by 15% over the 5-year period, indicating business contraction. The most recent EPS of $-1.88 indicates the company is currently unprofitable.
GREEL Growth Metrics (YoY)
GREEL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $12.4M | $2.3M | $0.15 |
| Q2 2025 | $12.9M | -$3.9M | $-0.27 |
| Q1 2025 | $19.2M | -$3.9M | $-0.40 |
| Q3 2024 | $12.4M | -$3.9M | $-0.60 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
GREEL Capital Allocation
GREEL SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for Greenidge Generation Holdings Inc. (CIK: 0001844971)
📋 Recent SEC Filings
❓ Frequently Asked Questions about GREEL
What is the AI rating for GREEL?
Greenidge Generation Holdings Inc. (GREEL) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 90% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are GREEL's key strengths?
Claude: Positive net income of $5.3M demonstrates some revenue generation and profitability at consolidated level. Cash reserves of $19.6M provide near-term liquidity buffer for operational continuity. ChatGPT: Revenue largely stable (-1.3% YoY). Positive net income/ROA, albeit likely non-operating driven.
What are the risks of investing in GREEL?
Claude: Negative stockholders' equity of -$46.3M indicates technical insolvency and violation of debt covenants. Critical liquidity crisis with current ratio of 0.55x unable to cover short-term obligations from current assets. ChatGPT: Negative equity and sub-1x liquidity indicate solvency pressure. Persistent operating losses and negative FCF with -2.1x interest coverage.
What is GREEL's revenue and growth?
Greenidge Generation Holdings Inc. reported revenue of $58.8M.
Does GREEL pay dividends?
Greenidge Generation Holdings Inc. does not currently pay dividends.
Where can I find GREEL SEC filings?
Official SEC filings for Greenidge Generation Holdings Inc. (CIK: 0001844971) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GREEL's EPS?
Greenidge Generation Holdings Inc. has a diluted EPS of $0.34.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is GREEL a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Greenidge Generation Holdings Inc. has a STRONG SELL rating with 90% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is GREEL stock overvalued or undervalued?
Valuation metrics for GREEL: ROE of N/A (sector avg: 12%), net margin of 9.0% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
Should I buy GREEL stock in 2026?
Our dual AI analysis gives Greenidge Generation Holdings Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GREEL's free cash flow?
Greenidge Generation Holdings Inc.'s operating cash flow is $-15.0M, with capital expenditures of N/A. FCF margin is -25.5%.
How does GREEL compare to other Finance stocks?
Vs Finance sector averages: Net margin 9.0% (avg: 25%), ROE N/A (avg: 12%), current ratio 0.55 (avg: 1.2).