Great Elm Group, Inc. reported a net loss of $35.4 million for fiscal year 2026, driven by $22.2 million in realized and unrealized losses on investments in GECC common stock and related SPVs. Fiscal 2026 total revenue increased approximately 70% to $27.8 million, while fee-paying AUM grew 7% to $590 million as of June 30, 2026. The company raised nearly $400 million in gross capital and maintained a strong balance sheet with $53.5 million in cash. In the fourth quarter, revenue rose 88% to $10.6 million, and the company repurchased approximately 0.3 million shares at an average price of $2.18 per share. Great Elm Group is an alternative asset manager focused on credit, real estate, specialty finance, and other alternative strategies.