Greenland Technologies Holding Corporation (GTEC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 25.54M | 23.9M | 23.4M | 21.72M | 21.68M | 19.37M | 18.83M | 23.02M | 22.72M | 22.78M | 21.84M | 23.57M | 22.15M | 19.13M | 21.79M | 20.6M | 29.31M | 22.94M | 23.08M | 28.2M |
| Revenue Growth % | 17.81% | 23.36% | 24.25% | -5.64% | -4.6% | -14.96% | -13.75% | -2.34% | 2.59% | 19.04% | 0.23% | 14.4% | -24.42% | -16.59% | -5.62% | -26.95% | 19.08% | -4% | 39.73% | 70.15% |
| Cost of Goods Sold | 16.95M | 15.82M | 15.83M | 15.97M | 15.02M | 14.22M | 13.87M | 16.24M | 17.08M | 16.92M | 15.57M | 16.64M | 16.63M | 15.32M | 16.97M | 15.76M | 22.94M | 19.25M | 17.99M | 22.5M |
| COGS % of Revenue | 66.37% | 66.19% | 67.64% | 73.52% | 69.27% | 73.43% | 73.63% | 70.57% | 75.15% | 74.29% | 71.29% | 70.61% | 75.06% | 80.06% | 77.91% | 76.51% | 78.27% | 83.93% | 77.92% | 79.77% |
| Gross Profit | 8.59M | 8.08M | 7.57M | 5.75M | 6.66M | 5.15M | 4.97M | 6.77M | 5.65M | 5.86M | 6.27M | 6.93M | 5.52M | 3.82M | 4.81M | 4.84M | 6.37M | 3.69M | 5.1M | 5.71M |
| Gross Margin % | 33.63% | 33.81% | 32.36% | 26.48% | 30.73% | 26.57% | 26.37% | 29.43% | 24.85% | 25.71% | 28.71% | 29.39% | 24.94% | 19.94% | 22.09% | 23.49% | 21.73% | 16.07% | 22.08% | 20.23% |
| Gross Profit Growth % | 28.95% | 56.99% | 52.52% | -15.11% | 17.95% | -12.12% | -20.78% | -2.22% | 2.24% | 53.49% | 30.26% | 43.16% | -13.26% | 3.49% | -5.59% | -15.18% | 24.75% | -20.01% | 50% | 97.95% |
| Operating Expenses | 2.87M | 8.11M | 2.51M | 8.07M | 1.85M | 1.39M | 2.04M | 2.79M | 3.72M | 3.67M | 3.46M | 3.52M | 3.15M | 5.51M | 2.74M | 2.63M | 3M | 3.79M | 3.05M | 2.25M |
| OpEx % of Revenue | 11.24% | 33.93% | 10.72% | 37.17% | 8.54% | 7.19% | 10.82% | 12.11% | 16.37% | 16.1% | 15.86% | 14.93% | 14.22% | 28.8% | 12.57% | 12.74% | 10.24% | 16.54% | 13.19% | 7.99% |
| Selling, General & Admin | 2.26M | 5.65M | 1.95M | 7.63M | 1.77M | 1.01M | 1.6M | 1.66M | 2.73M | 2.03M | 2.22M | 2.09M | 2.03M | 2.69M | 1.71M | 1.76M | 1.92M | 1.61M | 1.67M | 1.25M |
| SG&A % of Revenue | 8.86% | 23.67% | 8.32% | 35.13% | 8.17% | 5.19% | 8.49% | 7.23% | 12.03% | 8.92% | 10.15% | 8.88% | 9.16% | 14.07% | 7.87% | 8.56% | 6.55% | 7% | 7.25% | 4.42% |
| Research & Development | 778.22K | 2.83M | 560.67K | 443.72K | 81.46K | 387.63K | 437.98K | 1.12M | 987.72K | 1.63M | 1.25M | 1.43M | 1.12M | 2.82M | 1.02M | 862.53K | 1.08M | 2.19M | 1.37M | 1.01M |
| R&D % of Revenue | 3.05% | 11.86% | 2.4% | 2.04% | 0.38% | 2% | 2.33% | 4.88% | 4.35% | 7.17% | 5.7% | 6.05% | 5.06% | 14.73% | 4.7% | 4.19% | 3.69% | 9.54% | 5.94% | 3.56% |
| Other Operating Expenses | -170K | -381.2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 5.72M | -28.99K | 5.07M | -2.32M | 4.81M | 3.75M | 2.93M | 3.99M | 1.93M | 2.19M | 2.81M | 3.41M | 2.37M | -1.7M | 2.07M | 2.21M | 3.37M | -108.28K | 2.05M | 3.45M |
| Operating Margin % | 22.4% | -0.12% | 21.65% | -10.7% | 22.18% | 19.38% | 15.55% | 17.32% | 8.48% | 9.62% | 12.85% | 14.46% | 10.72% | -8.86% | 9.52% | 10.75% | 11.49% | -0.47% | 8.89% | 12.24% |
| Operating Income Growth % | 18.94% | -100.77% | 73% | -158.28% | 149.62% | 71.38% | 4.34% | 16.94% | -18.86% | 229.12% | 35.25% | 53.97% | -29.47% | -1466.43% | 1.13% | -35.87% | 17.92% | -103.95% | -8.38% | 108.16% |
| EBITDA | 6.24M | 819.92K | 5.59M | -1.8M | 5.33M | 4.35M | 3.49M | 4.49M | 2.52M | 2.75M | 3.37M | 3.93M | 2.92M | -1.11M | 2.71M | 2.8M | 4M | 529.55K | 2.68M | 4.08M |
| EBITDA Margin % | 24.42% | 3.43% | 23.87% | -8.3% | 24.57% | 22.44% | 18.52% | 19.5% | 11.07% | 12.07% | 15.44% | 16.68% | 13.17% | -5.8% | 12.44% | 13.57% | 13.64% | 2.31% | 11.6% | 14.48% |
| EBITDA Growth % | 17.1% | -81.13% | 60.14% | -140.15% | 111.66% | 58.12% | 3.45% | 14.15% | -13.73% | 347.72% | 24.41% | 40.63% | -27.03% | -309.51% | 1.24% | -31.51% | 15.12% | -84.54% | -5.27% | 80.63% |
| D&A (Non-Cash Add-back) | 516.92K | 848.91K | 520.7K | 520.97K | 517.13K | 592.38K | 560.41K | 502.64K | 589.84K | 558.31K | 566.11K | 523.61K | 542.71K | 586.65K | 635.89K | 582.43K | 631.15K | 637.83K | 625.91K | 630.52K |
| EBIT | 5.72M | -28.99K | 7.51M | -1.91M | 5.44M | 6.02M | 713.02K | 6.59M | 3.43M | -30.35M | 1.15M | 3.32M | 2.82M | -1.39M | 2.74M | 2.73M | 3.64M | 496.68K | 2.29M | 3.77M |
| Net Interest Income | 486.46K | -175.39K | 429.16K | 170.92K | 141.04K | 247.19K | 227.86K | 179.72K | 125.37K | 32.31K | -68.71K | -34.82K | -36.1K | -58.75K | -113K | -81.76K | -92.45K | -24.77K | -102K | -217K |
| Interest Income | 519.84K | -63.73K | 429.16K | 170.92K | 141.04K | 242.11K | 237.33K | 215.73K | 169.21K | 63.78K | 4.24K | 44.68K | 30.39K | 21.58K | 12.79K | 9.89K | 12.56K | 54.13K | 4.74K | 4.83K |
| Interest Expense | 33.38K | 111.66K | 0 | 0 | 0 | -5.08K | 9.48K | 36.01K | 43.84K | 31.46K | 72.95K | 79.5K | 66.49K | 80.33K | 125.98K | 91.65K | 105.01K | 78.91K | 106.51K | 221.66K |
| Other Income/Expense | 1.03M | 1.1M | 2.44M | 412.39K | 632.41K | 2.27M | -2.22M | 2.57M | 1.46M | -32.57M | -1.73M | -163.83K | 381.28K | 227.36K | 542.35K | 419.96K | 168.18K | 526.05K | 129.7K | 94.28K |
| Pretax Income | 6.75M | 1.07M | 7.51M | -1.91M | 5.44M | 6.03M | 703.54K | 6.55M | 3.38M | -30.38M | 1.07M | 3.25M | 2.76M | -1.47M | 2.62M | 2.63M | 3.53M | 417.77K | 2.18M | 3.55M |
| Pretax Margin % | 26.44% | 4.49% | 32.07% | -8.8% | 25.1% | 31.11% | 3.74% | 28.47% | 14.89% | -133.39% | 4.92% | 13.77% | 12.44% | -7.68% | 12.01% | 12.78% | 12.06% | 1.82% | 9.45% | 12.57% |
| Income Tax | 1M | 864.33K | 920.3K | 848.92K | 878.27K | 673.71K | 344.25K | 680.8K | -186K | 227.67K | 878.92K | 304.81K | 296.86K | -693.04K | 518.93K | 254.43K | 619.37K | -1.36K | 927.84K | 394.16K |
| Effective Tax Rate % | 14.87% | 80.49% | 12.26% | -44.43% | 16.14% | 11.18% | 48.93% | 10.39% | -5.5% | -0.75% | 81.85% | 9.39% | 10.77% | 47.19% | 19.83% | 9.66% | 17.53% | -0.33% | 42.53% | 11.11% |
| Net Income | 5M | -1.58M | 5.73M | -3.23M | 4M | 7.6M | -684.39K | 4.65M | 2.5M | -18.84M | -887.42K | 2.4M | 1.45M | -992.72K | 1.28M | 1.49M | 1.79M | 327.91K | 1.03M | 2.78M |
| Net Margin % | 19.58% | -6.61% | 24.5% | -14.85% | 18.47% | 39.23% | -3.63% | 20.21% | 11.01% | -82.7% | -4.06% | 10.18% | 6.53% | -5.19% | 5.87% | 7.22% | 6.1% | 1.43% | 4.45% | 9.86% |
| Net Income Growth % | 24.89% | -120.79% | 937.61% | -169.35% | 60.01% | 140.34% | 22.88% | 93.86% | 72.93% | -1797.61% | -169.44% | 61.31% | -19.03% | -402.74% | 24.27% | -46.52% | -16.04% | -93.49% | 394.56% | 120.85% |
| Net Income (Continuing) | 5.75M | 209.51K | 6.59M | -2.76M | 4.56M | 5.35M | 359.29K | 5.87M | 3.57M | -30.61M | 194.88K | 2.94M | 2.46M | -775.72K | 2.1M | 2.38M | 2.91M | 419.13K | 1.25M | 3.15M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -5.78M | -6.62M | -5.57M | -5.98M | -6.53M | -6.94M | 4.17M | 2.5M | 1.39M | 573.17K | 11.96M | 13.27M | 14.84M | 13.72M | 12.7M | 13.35M | 13.81M | 12.56M | 6.89M | 6.63M |
| EPS (Diluted) | 0.23 | -0.09 | 0.33 | -0.20 | 0.29 | 0.56 | -0.05 | 0.34 | 0.18 | -1.39 | -0.07 | 0.18 | 0.11 | -0.06 | 0.10 | 0.13 | 0.16 | 0.04 | 0.09 | 0.26 |
| EPS Growth % | -20.69% | -116.21% | 756.06% | -158.82% | 61.11% | 140.29% | 22.97% | 88.89% | 63.64% | -2167.54% | -165.3% | 38.46% | -31.25% | -266.12% | 11.11% | -50% | -23.81% | -92.31% | 350% | 100% |
| EPS (Basic) | 0.23 | -0.09 | 0.33 | -0.20 | 0.29 | 0.56 | -0.05 | 0.34 | 0.18 | -1.39 | -0.07 | 0.18 | 0.11 | -0.06 | 0.10 | 0.13 | 0.16 | 0.04 | 0.09 | 0.26 |
| Diluted Shares Outstanding | 21.75M | 17.39M | 17.39M | 16.1M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 13.6M | 12.98M | 12.98M | 12.66M | 12.22M | 11.33M | 11.33M | 11.22M | 11.33M | 10.81M |
| Basic Shares Outstanding | 21.75M | 17.39M | 17.39M | 16.1M | 13.6M | 13.6M | 13.6M | 13.6M | 13.9M | 13.6M | 13.6M | 13.33M | 13.15M | 12.66M | 12.22M | 11.33M | 11.33M | 11.22M | 11.33M | 10.81M |
| Dividend Payout Ratio | 28.89% | - | - | - | - | 78.1% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |