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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 45,529 $ 30,603
Investments, at fair value 31,408 60,614
Prepaid and other current assets 1,863 2,803
Real estate assets, net 7,182 9,085
Assets of Consolidated Funds - Cash and cash equivalents 1,483 3,907
Assets of Consolidated Funds - Investments, at fair value 5,521 14,327
Assets of Consolidated Funds - Other assets 81 227
Total current assets 97,221 137,897
Identifiable intangible assets, net 11,156 12,009
Goodwill 440 440
Right-of-use assets 1,332 1,603
Other assets 1,635 1,988
Total assets 111,784 153,937
Current liabilities:    
Accrued expenses and other current liabilities 5,975 7,707
Current portion of lease liabilities 346 355
Liabilities of Consolidated Funds - Payable for securities purchased 0 96
Liabilities of Consolidated Funds- accrued expenses and other 86 172
Total current liabilities 7,375 9,614
Lease liabilities, net of current portion 1,007 1,260
Long-term debt (face value $26,945) 26,587 26,373
Convertible notes (face value $35,940 and $35,063, including $17,418 and $16,993 held by related parties, respectively) 35,551 34,602
Other liabilities 1,424 1,422
Total liabilities 71,944 73,271
Commitments and Contingencies (Note 17)
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized and 31,424,975 shares issued and 29,917,837 outstanding at March 31, 2026; and 27,630,305 shares issued and 26,552,948 outstanding at June 30, 2025 28 25
Additional paid-in-capital 3,316,383 3,310,356
Accumulated deficit (3,276,571) (3,240,063)
Total Great Elm Group, Inc. stockholders' equity 39,840 70,318
Redeemable non-controlling interest in Consolidated Funds 0 10,348
Total stockholders' equity 39,840 80,666
Total liabilities and stockholders' equity 111,784 153,937
Nonrelated Party    
Current liabilities:    
Accounts payable 777 1,026
Related Party    
Current assets:    
Receivables from managed funds 4,154 8,331
Related party loan receivable 0 8,000
Current liabilities:    
Accounts payable $ 191 $ 258